Portable Medical Electronic Devices market is segmented by End Users (Hospitals, Nursing homes, Physicians offices, Homecare patient),Equipment (Respiratory products, Heart monitors, Pulse oximeter, Blood pressure monitors, Medical imaging) and Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Portable medical electronic devices are gadgets like electronic tools that are used by patients and healthcare officials. These devices are primarily used to keep a monitor and operate medical conditions regularly. Right from measuring blood pressure, diabetes to pulse-rate, these gadgets are the need of the hour. They are both wired and wireless, based on the kind of work they are supposed to perform. These devices have come to the market as a combination of the electronic medical record and portable electronic gadget.
Portable Medical Electronic Devices Market size was estimated at $5,334.6 Million in 2021 and is expected to reach $7,308.5 Million by 2031, growing at a CAGR of 4.6% during the forecast period of 2022 to 2031.
Portable Medical Electronic Devices Market Growth Factors
Increasing healthcare issues and lack of time with people due to the busy schedule has led to the demand for portable medical electronic devices in the market. Medical science has come up with these gadgets which are globally popular to combat such a situation. Due to hectic and stressful life, there are multiple health disorders and hence monitoring each of them is essential. Such a need is boosting the market of portable medical electronic devices higher. These devices are wearable too and hence used by sports and fitness enthusiasts to keep track of their workout. Doctors use it for remote patient monitoring while many patients buy these for home healthcare set up. Globally there are 137 million people in the elder population category in 2017, which is expected to cross 425 million by 2050. Such a significant growth in the number of the older population will only lead to faster growth of these devices to monitor health issues. The expected CAGR till 2025 is around 7% for the industry. Some of the major market players include Phillips healthcare, Abbott Laboratories, Omron Healthcare and GE Healthcare.
Portable Medical Electronic Devices Market Segmentation
Portable Medical Electronic Devices Market Country Analysis
The portable medical electronic devices market is estimated to grow by $24 billion between years 2022 and 2031. This growth will be majorly fuelled by factors such as rising healthcare costs and increase in the aging population. North America dominates this market owing to greater accessibility to advanced technologies. Other regions such as Europe, Latin America, Asia-Pacific and Middle East and Africa are estimated to show a steady growth to expand their market share. Companies that are contributing to the global expansion of this market include Omron Healthcare, GE Healthcare, Renesas Electronics Corp., Roche Diagnosis, Philips Healthcare, Abbott Laboratories and CareFusion Corp.
Portable Medical Electronic Devices Market Share and Competition
Key companies operating in this industry are CareFusion Corporation, Abbott Laboratories, GE Healthcare, Medtronic, Inc., and Roche Diagnostics, Panasonic, Philips Healthcare, Roche Diagnostics, Siemens Healthcare, and Medtronic. Ambu, a manufacturer of medical equipment, has announced the launch of Ambu aView 2, an advanced display unit to be used with its manufactured endoscopic technologies, on 5 May 2022. The technology is compatible with all endoscopic devices. The company’s CEO, Juan Jose Gonzalez, said, “We have pioneered single-use endoscopy for more than ten years, and we now bring our portfolio to a new level of sophistication.” The company also informed that it is a mobile tech and can be used to perform almost anything from cystoscopies to bronchoscopies.
Mouse Genome Informatics (MGI), a world wide provider for medical equipment, has announced the launch of its new ‘benchtop’ sequencing laboratory ‘DNBSEQ’ series, on 15 October 2019. The new tech is also known as a single cell laboratory that can fit into a pocket. The company has contributed majorly by producing this mobile pocket laboratory. The series consist of a DNBelab D, a digital biolab, and a single cell DNBelab C. Nihon Kohden, a leader in manufacturing medical products and providing services, has launched its new ‘Life Scope SVM-7200’ series, in December 2022. The product manufactured by the company is a portable vital-signs monitor with customizations according to the user.
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Industry Segmentation and Revenue Breakdown
End Users Analysis (Revenue, USD Million, 2022 - 2031)
• Nursing homes
• Physicians offices
• Homecare patient
Equipments Analysis (Revenue, USD Million, 2022 - 2031)
• Respiratory products
• Heart monitors
• Pulse oximeter
• Blood pressure monitors
• Medical imaging, Others
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Portable Medical Electronic Devices Market Companies
• CareFusion Corporation
• Abbott Laboratories
• GE Healthcare
• Medtronic Inc.
• Roche Diagnostics
• Philips Healthcare
• Roche Diagnostics
• Siemens Healthcare
United States Portable Medical Electronic Devices Market Industry Research Report
Europe Portable Medical Electronic Devices Market Industry Research Report
Asia Pacific Portable Medical Electronic Devices Market Industry Research Report
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