Global Portable Medical Devices Market Size, Trends, and Growth Opportunity, By Product (Diagnostic Imaging, Monitoring Devices, and Other Products), By End User (Hospitals, Physician Offices, Homecare Settings, and Other End Users), By Region and Forecast to 2030.
Global Portable Medical Devices Market
The Global Portable Medical Devices Market was valued at USD 41.6 billion in 2022 and is expected to reach USD 80.6 billion by 2030, at a CAGR 7.17% during the forecast period 2023- 2030.
Portable medical devices can continuously and non-intrusively monitor various health factors, and connectivity, they can also give healthcare professionals real-time updates. A variety of tools that may diagnose or track disease both within and outside of healthcare settings are referred to as portable diagnostics. Almost limitless gadgets are currently on the market in this field, with options ranging from instantaneous imaging of our internal organs to analyzing the chemistry of physiological fluids.
Market Drivers
The market for portable medical devices is anticipated to expand quickly as a result of the rising demand for wearable electronics and portable medical equipment, as well as greater technological breakthroughs and an increase in the number of elderly people. The market will develop as a result of the rise in technological advancements in portable medical devices. For instance, the 7L patch, a 7-lead cardiac monitoring patch, was introduced by SmartCardia in August 2022. This cutting-edge patch monitor employs artificial intelligence (AI) to combine remote patient monitoring with wearable medical equipment to provide personalized and anticipated patient insights.
Market Restraints
Some of the factors affecting the market value of portable medical devices include security issues, rising costs of this equipment, and a lack of awareness in developing nations.
Market Segmentation
The Global Portable Medical Devices Market is segmented into Product and End User. Based on Product, the market is segmented into Diagnostic Imaging, Monitoring Devices, and Other Products. Based on End Users, the market is divided into Hospitals, Physician Offices, Homecare Settings, and Other End Users.
Regional Analysis
The Global Portable Medical Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The portable medical equipment industry is thought to be dominated by North America. Among the key drivers propelling the market are high treatment rates, increasing adoption of technologically improved devices, and support of government programs for early disease diagnosis. The National Cancer Institute's Cancer Imaging Program is an illustration of government activities in the field of imaging. This program aims to promote and support imaging and technological scientific, clinical, and translational research in cancer. Additionally, it aims to create, incorporate, and use these imaging advancements for the clinical management of cancer.
Key Development
In October 2022, the commercialization of Mallya, initially in Japan, will begin with the signing of a partnership agreement between Biocorp and Novo Nordisk according to the French company's announcement. Biocorp specializes in the design, development, and manufacture of cutting-edge medical devices. The Novo Nordisk FlexTouch insulin pens come with a smart sensor called Mallya that may be used to monitor blood sugar levels. In October 2022, A new portable device for breast cancer screening called BrasterPro was introduced by Bengaluru-based startup GenWorks, which was formerly a Wipro GE-invested company. The radiation-free, simple-to-use BrasterPro uses a contact-based screening method.
Key Players
Various key players are discussed in the Global Portable Medical devices Market Report including: Cooper Surgical, Koninklijke Philips N.V, General Electric Company, Medtronic, OMRON Corporation, Samsung, Sorin Group, Schiller AG, and F. Hoffmann-La Roche Ltd.
Market Taxonomy
By Product
• Diagnostic Imaging
• Monitoring Devices
• Other Products
By End User
• Hospitals
• Physician Offices
• Homecare Settings
• Other End Users
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Portable Medical Devices Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Portable Medical Devices Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Portable Medical Devices Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Portable Medical Devices Market Share Analysis, By Product
5.3 Global Portable Medical Devices Market Size and Forecast, By Product
5.3.1 Diagnostic Imaging
5.3.2 Monitoring Devices
5.3.3 Other Products
6 Global Portable Medical Devices Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Portable Medical Devices Market Share Analysis, By End User
6.3 Global Portable Medical Devices Market Size and Forecast, By End User
6.3.1 Hospitals
6.3.2 Physician Offices
6.3.3 Homecare Settings
6.3.4 Medical devices
6.3.5 Other End Users
7 Global Portable Medical Devices Market, By Region
7.1 Global Portable Medical Devices Market Share Analysis, By Region
7.2 Global Portable Medical Devices Market Size and Forecast, By Region
8 North America Global Portable Medical Devices Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Global Portable Medical Devices Market Share Analysis, By Product
8.3 North America Global Portable Medical Devices Market Size and Forecast, By End User
8.4 North America Global Portable Medical Devices Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Global Portable Medical Devices Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Global Portable Medical Devices Market Share Analysis, By Product
9.3 Europe Global Portable Medical Devices Market Size and Forecast, By End User
9.4 Europe Global Portable Medical Devices Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Global Portable Medical Devices Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Global Portable Medical Devices Market Share Analysis, By Product
10.3 Asia Pacific Global Portable Medical Devices Market Size and Forecast, By End User
10.4 Asia Pacific Global Portable Medical Devices Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Global Portable Medical Devices Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Global Portable Medical Devices Market Share Analysis, By Product
11.3 Latin America Global Portable Medical Devices Market Size and Forecast, By End User
11.4 Latin America Global Portable Medical Devices Market Size and Forecast, Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Global Portable Medical Devices Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Global Portable Medical Devices Market Share Analysis, By Product
12.3 Middle East Global Portable Medical Devices Market Size and Forecast, By End User
12.4 Middle East Global Portable Medical Devices Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Cooper Surgical
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Koninklijke Philips N.V
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 General Electric Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Medtronic
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 OMRON Corporation
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Samsung
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Sorin Group
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Schiller AG
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 F. Hoffmann-La Roche Ltd.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
