Global Portable Medical Electronic Devices Market, By End Users (Hospitals, Nursing homes, Physician offices, Homecare patient and Others), Equipment (Respiratory Products, Heart monitors, Pulse Oximeter, Blood Pressure monitors, Medical Imaging and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the portable medical electronic devices market will exhibit a CAGR of around 11.20% for the forecast period of 2021-2028. Increasing demand for efficient diagnostic medical equipment in the remote areas, rising demand and adoption of minimally invasive technologies and rising prevalence of chronic and other infectious diseases are the major factors attributable to the growth of portable medical electronic devices market.
From the name itself, it is clear that portable medical electronic devices are the medical electronic devices that are convenient in handling and portable in nature. The medical electronic devices are used for a wide range of applications such as therapy, diagnosis, patient health monitoring and so on. Two biggest advantages of portable medical electronic devices are that these provide real time patient monitoring solution and offer tailored treatment of medical conditions especially for diabetes and cardiovascular diseases. The portable medical electronic devices monitors the level of blood pressure, body temperature, measure blood glucose levels, improve hearing, and much more.
Growth in the number of medical emergency services such as ambulances and helicopters well equipped with medical equipment is one of the major factors inducing growth in the demand for portable medical electronic devices. Rising technological advancements in the healthcare sector and medical wearable technology have generated lucrative and remunerative growth opportunities for the portable medical electronic devices market. Rising geriatric population and increasing personal disposable income are some other indirect but important market growth determinants. Rising health care consciousness and increasing adoption of bad lifestyle habits will further propel growth in the portable medical electronic devices market value.
However, security concerns related to the portable medical electronic devices coupled with rising cases of security breaches and malware infections will derail the market growth rate. Technical problems in the connectivity of portable medical electronic devices will further pose a big time challenge ahead and hamper the market growth rate.
This portable medical electronic devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on portable medical electronic devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Portable Medical Electronic Devices Market Scope and Market Size
The portable medical electronic devices market is segmented on the basis of end users and equipment. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on end users, the portable medical electronic devices market is segmented into hospitals, nursing homes, physician offices, homecare patient and others.
- On the basis of equipment, the portable medical electronic devices market is classified into respiratory products, heart monitors, pulse oximeter, blood pressure monitors, medical imaging and others.
Portable Medical Electronic Devices Market Country Level Analysis
The portable medical electronic devices market is analysed and market size insights and trends are provided by end users and equipment as referenced above.
The countries covered in the portable medical electronic devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the portable medical electronic devices market owing to the increasing prevalence of chronic diseases and high adoption rate of technologically advanced devices. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the increasing adoption of smart medical wearable technology.
The country section of the portable medical electronic devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Portable medical electronic devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the portable medical electronic devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Portable Medical Electronic Devices Market Share Analysis
The portable medical electronic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to portable medical electronic devices market.
The major players covered in the portable medical electronic devices market report are Medtronic, Koninklijke Philips N.V., GENERAL ELECTRONIC COMPANY, Bayer AG, Stryker, BD, Abbott, F. Hoffmann-La Roche Ltd, Panasonic Corporation, Siemens Healthcare GmbH, B. Braun Melsungen AG, Sonova., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., CONTEC MEDICAL SYSTEMS CO.,LTD, Nipro Medical Corporation, GN Hearing A/S, Arjo., Hill-Rom Services, Inc., Invacare Corporation. and GF HEALTH PRODUCTS, INC. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Portable Medical Electronic Devices Market
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