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Portable Medical Devices Market

Portable Medical Devices Market by Product (Diagnostic Imaging, Therapeutics, & Monitoring Devices), Application (Gynaecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopaedics, & Others) & Region - Forecast to 2022-2032

Portable Medical Devices Market by Product (Diagnostic Imaging, Therapeutics, & Monitoring Devices), Application (Gynaecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopaedics, & Others) & Region - Forecast to 2022-2032

Portable Medical Device Market - Analysis, Outlook, Growth, Trends, and Forecast

Portable Medical Devices Market Overview

The overall Portable Medical Devices market is projected to expand at a CAGR of 10.7% during the forecast period.

“With the ever-changing landscape of portable gadgets, wireless networking and small product design are no longer restricted to smartphones and music players but are also redefining the healthcare industry. To simplify and enhance patient care, researchers are developing new goods such as portable ultrasound machines.”

Preference for less intrusive medical technologies and portability has shifted the attention towards insulin pumps, oxygen concentrators, etc. which are changing the facet of the portable medical devices market for the better.

Attribute Details

Portable Medical Devices Market Value in 2032

US$ 148 Bn

Portable Medical Devices Market CAGR (2022-2032)

10.7%

 

What Factors Influence the Adoption of Portable Medical Devices?

“Regulatory approval will continue to be an important milestone for portable diagnostic medical devices market participants.”

The approval of the US Food and Drug Administration (FDA), which governs the marketing of portable medical devices, is a critical aspect. FDA clearance is provided once the device has been proven to be reasonably effective and safe to use. Manufacturers of portable medical devices and portable vital signs monitor seek FDA clearance since it is an important part of the product's entire distribution.

Aptatek Biosciences, Inc. is one of the firms that received FDA approval for its PKU test system, a portable vital signs monitor used for checking phenylalanine levels in the blood in real time. The FDA has also approved PixCell Medical's HemoScreen haematological analyzer.

Governments in developing countries are stepping forward to deploy portable medical devices in order to make significant advances. The administration of Makati City, in the Philippines, is taking measures to buy automated external defibrillators and portable ultrasound machine for use as a first-aid equipment. HeartSine Technologies, the industry leader in portable medical devices, created the Public Access Defibrillators.

Furthermore, with GE Healthcare, one of the top competitors in the portable medical device market, investing in Asia Pacific's key nations, such as China, the area is poised for enormous growth in the future years.

How Major Portable Medical Devices Providers Work on New Product Development?

HeartSine, Hologic, PhysioControl, Cooper Surgical, GE Healthcare, Sorin Group, Schiller AG, Zoll Medical, Philips, and Cardiac Science are among the leading competitors in the portable medical devices industry.

Hologic, for example, recently released the Viera Portable Breast Ultrasound System, a high-quality portable ultrasound machine.  The product is now available in the United States and European market, according to the business.

Philips, another manufacturer of portable medical devices, recently unveiled the Trilogy Evo, a brand-new portable ventilator. The company's sleep and respiratory care management system is credited to the product. The Z Vent portable ventilator was also created by ZOLL Medical Corporation for use in hospitals.

Portable medical device market participants are also given cutting-edge platforms in addition to new product advancements. Cooper Surgical, Inc. has introduced the CooperGenomics technology platform and endometrial receptivity test. Leading companies' continued efforts are predicted to drive innovation in the portable medical devices market.

Which Region takes the Lead in Portable Medical Devices?

The global portable medical devices market is broadly categorised into seven regions. Among these regions, North America is currently an established portable medical electronic devices market with rapid advancements in technology and huge pipeline of innovation underway.

North America's portable medical device market includes the United States and Canada. Brazil, Mexico, and the rest of Latin America make up the Latin America portable medical devices.

Western Europe portable medical devices on Wheels Italy, Germany, France, the United Kingdom, the Nordic nations, and the rest of Western Europe make up the market.

Russia, Poland, and the rest of Eastern Europe make up the Eastern Europe market for portable medical devices. China, ASEAN, India, Australia, and New Zealand are all part of the Asia Pacific market for portable medical devices.

The market for portable medical devices in Japan. Africa and the Middle East Medical gadgets that can be carried around South Africa, the Gulf Cooperation Council, and the rest of MEA make up the market.

Key Segments

 Attributes

 Details

Forecast Period

2022-2032

Historical Data Available for

2018-2020

Market Analysis

US$ Mn for Value and Units for Volume

 

 By Product

  • Diagnostic Imaging
  • Therapeutics
  • Monitoring Devices

 

By Application

  • Gynecology
  • Cardiology
  • Gastrointestinal
  • Urology
  • Neurology
  • Respiratory
  • Orthopedics
  • Others

 By Region

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa

 Key Players

  • HeartSine
  • Hologic
  • PhysioControl
  • Cooper Surgical
  • GE Healthcare
  • Sorin Group
  • Schiller AG
  • Zoll Medical
  • Philips
  • Cardiac Science

Key Questions Answered in the Report

What is the Future Growth Outlook for the Portable Medical Devices Market?

The global portable medical devices market is projected to expand at a CAGR of 10.7% during the forecast period.

How Much Spending is Anticipated in the Portable Medical Devices?

Spending on portable medical equipment, portable medical monitoring devices, and portable diagnostic medical devices is anticipated to reach US$148 Bn by 2032.

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