Dublin, March 15, 2021 (GLOBE NEWSWIRE) -- The "Global Portable Medical Devices Market (2020-2025) by Product, Application, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Portable Medical Devices Market is estimated to be USD 34.6 Bn in 2020 and is expected to reach USD 56.2 Bn by 2025, growing at a CAGR of 10.2%.
The growing incidences of chronic diseases coupled with the rise of the preventive healthcare system are expected to impact the market for portable medical devices in the coming years. The increasing geriatric population is also an important driver for the wireless portable medical devices market, as the elderly people are more prone to illness and often seek immediate diagnosis and monitoring. With increasing government support to healthcare setups in rural areas, the growth of advanced medical devices has surged.
High maintenance and renovation costs, strict government policies and standards, and issues in designing and compatibility of devices are posing major challenges for this market. Security concerns related to portable devices and connectivity issues in some rural areas also stands as a challenge for the wireless portable medical devices market.
Escalating Demand for Portable Medical Devices and Wearable Electronics
Increase in Technological Advancements
Increasing Demand for Real-Time Analysis, Diagnosis, & Monitoring
Security Concerns Related to the Device
Connectivity Problems In Some Rural Areas
Increasing Adoption of Home Healthcare Services
Emergence of Tele-Medicine Facilities and Nanotechnology
Stringent Government Policies & Standards
Advancement In Healthcare Informatics
Based on the Product, the Monitoring Devices market contributes to the largest market share owing to technological advancements, new product approvals, and advantages such as compact design and mobility. The diagnostics segment held the second-largest market share in terms of revenue due to the increasing adoption of x-ray, CT scan, handheld ultrasound systems, and endoscopes. The smart wearable devices segment is expected to grow at the fastest CAGR over the forecast period owing to the rising trends for fitness and wristbands for long-term continuous health monitoring.
Based on application, the Cardiology segment has the largest market share. The growing prevalence of cardiac diseases coupled with the rising usage of diagnostic imaging and image-guided therapy systems are the factors attributed to this growth. Moreover, the rising prevalence of diabetes and the adoption of advanced therapeutics is also contributing to the segment growth.
North America is anticipated to have a large market share due to the high adoption of technologically advanced devices, supportive government initiatives for early diagnosis of diseases. Countries in the Asia Pacific are also expected to grow at a higher rate. Improving costs of treatment and healthcare infrastructure along with the adoption of smart wearables are attributed to the regional market growth. For instance, according to a Forbes article published in 2018, the demand for smart wearables in India is expected to surge owing to changing consumer lifestyles, the rising popularity of wearable devices, and the accessibility of these devices.
The Global Portable Medical Devices Market is segmented based on Product, Application, End-User, and Geography.
Some of the companies covered in this report are Medtronic, Philips Healthcare, GE Healthcare, Abbott Laboratories, Omron Corporation, Roche Diagnostics, Natus Medical, BD, OmniVision Technologies, Inc. and Infineon Technologies AG, Qualcomm, Maxim Integrated, and others.
The report includes Infogence Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Lions: Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.
Bulls: Companies that are medium in size competing with their USPs, growing companies with proven market share.
Rabbits: Small companies but growing rapidly, constantly improving their offerings in the market.
Tortoise: Companies that are slow in growth, having a long legacy, and stable or negative in performance.
Why buy this report?
The report offers a comprehensive evaluation of the Global Portable Medical Devices Market.
The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains a competitive analysis using the Competitive Quadrant, a Proprietary competitive positioning tool.
A complete analysis of the market including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1. Report Description
1.1 Study Objectives
1.2 Market Definition
1.4 Years Considered
1.6 Key Shareholders
2. Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3. Executive Summary
4. Market Overview
4.2 Market Dynamics
5. Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6. Global Portable Medical Devices Market, By Product
6.2 Diagnostic Imaging
6.3.1 Insulin Pumps
6.3.3 Oxygen Concentrator
6.3.4 Image - guided therapy systems
6.4 Monitoring Devices
6.4.1 Cardiac Monitoring
6.4.2 Holter Monitors
6.4.3 Resting ECG System
6.4.4 Stress ECG Monitors
6.4.5 Event Monitoring Systems
6.4.6 ECG management systems
6.4.7 Neuro Monitoring
6.4.8 EEG Machines
6.4.9 EMG Machines
6.4.10 EMG Monitors
6.4.11 ICP Monitors
6.4.12 MEG Machines
6.4.13 Cerebral oximeters
6.4.14 Respiratory Monitoring
6.4.16 Peak flow meters
6.4.18 Fetal Monitoring
6.4.19 Neonatal Monitoring
6.4.20 Hemodynamic monitoring systems
6.4.21 Vital Sign monitors
6.5 Smart Wearable Medical Device
7. Global Portable Medical Devices Market, By Application
8. Global Portable Medical Devices Market, By End-User
8.3 Physician Offices
8.4 Homecare Settings
9. Global Portable Medical Devices Market, By Geography
9.2 North America
9.3 South America
9.4.5 Rest of Europe
9.5.5 Rest of APAC
9.6 The Middle East and Africa
10. Competitive Landscape
10.1 Infogence Competitive Quadrant
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Agreements, Collaborations, & Partnerships
10.3.3 New Product Launches & Enhancements
10.3.4 Investments & Fundings
11. Company Profiles
11.1 GE Healthcare
11.2 CareFusion Corporation
11.3 Philips Healthcare
11.4 Texas Instruments
11.5 Natus Medical
11.7 Roche Diagnostics
11.10 Nox Medical
11.11 Omron Healthcare
11.13 Siemens Healthcare
11.14 Renesas Electronics Corporation
11.15 Maxim Integrated
11.16 Abbott Laboratories
11.17 Infineon Technologies AG
11.18 OmniVision Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/d21bqs
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