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Global Portable Medical Electronic Devices Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220
  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

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) – Industry Trends and Forecast to 2029.

Portable Medical Electronic Devices Market

Market Analysis and Size

The portable medical devices are widely being deployed as advancements in wireless technologies. These devices have enhanced patient’s mobility at hospitals and homes. The increase in technological advancements is escalating the growth of portable medical electronic devices market.

Global Portable Medical Electronic Devices Market was valued at USD 63.00 billion in 2021 and is expected to reach USD 236.81 billion by 2029, registering a CAGR of 18.00% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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.

Market Players Covered

Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), GENERAL ELECTRONIC COMPANY (US), Bayer AG (Germany), Stryker (US), BD (US), Abbott (US), F. Hoffmann-La Roche Ltd (Switzerland), Panasonic Corporation (Japan), Siemens Healthcare GmbH (Germany), B. Braun Melsungen AG (Germany), Sonova. (Switzerland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), CONTEC MEDICAL SYSTEMS CO.,LTD (China), Nipro Medical Corporation (US), GN Hearing A/S, Arjo. (Denmark), Hill-Rom Services, Inc. (Illinois), Invacare Corporation. (US), and GF HEALTH PRODUCTS, INC. (US), among others

Market Opportunities

  • Increase in the geriatric population
  • Rise in need for efficient treatment
  • Surge in the prevalence of lifestyle diseases

Market Definition

Portable medical devices refer to the electronic equipment that are widely utilized for operating, managing and monitoring medical conditions. These devices transforming more and more portable, compact and light in weight owing to the advancements in microprocessor technology.

Portable Medical Electronic Devices Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Geriatric Population

The increase in the geriatric population acts as one of the major factors driving the growth of portable medical electronic devices market as they are more prone to chronic diseases.

  • Need For Efficient Treatment

The rise in need for efficient treatment in remote, and emerging areas accelerate the market growth.

  • Lifestyle Diseases

The surge in the prevalence of lifestyle diseases, such as atherosclerosis, heart disease, and stroke further influence the market.

Opportunities

Furthermore, introduction of home healthcare services, telemedicine facilities and nanotechnology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, Technological advancements will further expand the market.

Restraints/Challenges

On the other hand, security concerns related to the portable medical electronic devices, and rise in cases of security breaches and malware infections are expected to obstruct market growth. Also, technical limitations are projected to challenge the portable medical electronic devices market in the forecast period of 2022-2029.

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 localized 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.

COVID-19 Impact on Portable Medical Electronic Devices Market

COVID-19 had a negative impact on the portable medical electronic devices market. Hospital access was restricted to non-essential care, and O&P clinics were temporarily closed during the pandemic. The implementation of social distancing, lockdown of the population and limited access to clinics greatly affected the market. The slow-down in patient flow and referrals also impacted the market growth. However, market will resume its growth in the post-pandemic due to the easing in restrictions that were imposed earlier.

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 analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

End Users

  • Hospitals
  • Nursing Homes
  • Physician Offices
  • Homecare Patient
  • Others

Based on end users, the portable medical electronic devices market is segmented into hospitals, nursing homes, physician offices, homecare patient and others.

Equipment

  • Respiratory Products
  • Heart Monitors
  • Pulse Oximeter
  • Blood Pressure Monitors
  • Medical Imaging
  • 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 Regional Analysis/Insights

The portable medical electronic devices market is analysed and market size insights and trends are provided by country, 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 because of the prevalence of chronic diseases and rising geriatric population base within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising disposable income and increasing patient awareness in the region.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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

The 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 portable medical electronic devices 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 2010-2020.

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.

Some of the major players operating in the portable medical electronic devices market are Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), GENERAL ELECTRONIC COMPANY (US), Bayer AG

(Germany), Stryker (US), BD (US), Abbott (US), F. Hoffmann-La Roche Ltd (Switzerland), Panasonic Corporation (Japan), Siemens Healthcare GmbH (Germany), B. Braun Melsungen AG (Germany), Sonova. (Switzerland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), CONTEC MEDICAL SYSTEMS CO.,LTD (China), Nipro Medical Corporation (US), GN Hearing A/S, Arjo. (Denmark), Hill-Rom Services, Inc. (Illinois), Invacare Corporation. (US), and GF HEALTH PRODUCTS, INC., (US), among others.


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Frequently Asked Questions

The Portable Medical Electronic Devices Market will be projected to grow at a CAGR of 18.00% during forecast by 2029.
The Portable Medical Electronic Devices Market will be projected at USD 236.81 billion during forecast by 2029.
The major players operating in the Portable Medical Electronic Devices Market are (Germany), Stryker (US), BD (US), Abbott (US), F. Hoffmann-La Roche Ltd (Switzerland), Panasonic Corporation (Japan), Siemens Healthcare GmbH (Germany), B. Braun Melsungen AG (Germany), Sonova. (Switzerland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), CONTEC MEDICAL SYSTEMS CO.,LTD (China), Nipro Medical Corporation (US), GN Hearing A/S, Arjo. (Denmark), Hill-Rom Services, Inc. (Illinois), Invacare Corporation. (US), and GF HEALTH PRODUCTS, INC. (US), among others.
The major countries covered in the Portable Medical Electronic Devices Market 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.