Portable Medical Devices Market Key Findings by 2031
The portable medical devices market is anticipated to grow with a significant rate in the coming years, owing to factors such as, increasing demand for the real-time analysis, diagnosis, & monitoring and rising demand for emergency healthcare services across the globe. However, allowing the access of patient data through various platforms and increasing demand for smart wearable devices is anticipated to offer more growth opportunities for the players operating in the portable medical devices market.
The "Global Portable Medical Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global market with detailed market segmentation by product, application, and geography. The global portable medical devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading portable medical devices market players and offers key trends and opportunities in the market.
The global portable medical devices market is segmented on the basis of product, and application. Based on the product, the portable medical devices market is segmented as, diagnostic imaging, therapeutics, monitoring devices and smart wearable medical devices. On the basis of application, the portable medical devices market is classified as, gynecology, cardiology, gastro intestinal, urology, neurology, respiratory, orthopedics and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global portable medical devices market based on product, and application. It also provides market size and forecast till 2031 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The portable medical devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
North America is expected to contribute to the largest share in the portable medical devices market in the coming years, due to increase in investments in research and development and growing healthcare infrastructure in the region. However, Asia Pacific is expected to witness significant growth in the market during the forecast period, owing to the growing population base living in remote areas and increased healthcare spending in the region.
The report analyzes factors affecting portable medical devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the portable medical devices market in these regions.
The report also includes the profiles of key powered surgical instruments manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the portable medical devices market include, Medtronic, KONINKLIJKE PHILIPS N.V., General Electric Company, Abbott, Omron Healthcare, Inc., F. Hoffmann-La Roche Ltd, Natus Medical Incorporated, BD, OmniVision Technologies, Inc. and Infineon Technologies AG among others. REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Portable Medical Devices Market- By Product
1.3.2. Portable Medical Devices Market- By Application
1.3.3. Portable Medical Devices Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PORTABLE MEDICAL DEVICES MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. PORTABLE MEDICAL DEVICES MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PORTABLE MEDICAL DEVICES MARKET- GLOBAL ANALYSIS
6.1. PORTABLE MEDICAL DEVICES MARKET - GLOBAL MARKET OVERVIEW
6.2. PORTABLE MEDICAL DEVICES MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. PORTABLE MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DIAGNOSTIC IMAGING MARKET
7.3.1. Overview
7.3.2. Diagnostic Imaging Market Forecast and Analysis (US$ Mn)
7.3.3. MRI Market
7.3.3.1. Overview
7.3.3.2. MRI Market Forecast and Analysis (US$ Mn)
7.3.4. CT Market
7.3.4.1. Overview
7.3.4.2. CT Market Forecast and Analysis (US$ Mn)
7.3.5. Ultrasound Market
7.3.5.1. Overview
7.3.5.2. Ultrasound Market Forecast and Analysis (US$ Mn)
7.3.6. Other Diagnostic Imaging Market
7.3.6.1. Overview
7.3.6.2. Other Diagnostic Imaging Market Forecast and Analysis (US$ Mn)
7.4. THERAPEUTICS MARKET
7.4.1. Overview
7.4.2. Therapeutics Market Forecast and Analysis (US$ Mn)
7.4.3. Insulin Pump Market
7.4.3.1. Overview
7.4.3.2. Insulin Pump Market Forecast and Analysis (US$ Mn)
7.4.4. Nebulizer Market
7.4.4.1. Overview
7.4.4.2. Nebulizer Market Forecast and Analysis (US$ Mn)
7.4.5. Other Therapeutics Market
7.4.5.1. Overview
7.4.5.2. Other Therapeutics Market Forecast and Analysis (US$ Mn)
7.5. MONITORING DEVICES MARKET
7.5.1. Overview
7.5.2. Monitoring Devices Market Forecast and Analysis (US$ Mn)
7.5.3. Cardiac Monitoring Market
7.5.3.1. Overview
7.5.3.2. Cardiac Monitoring Market Forecast and Analysis (US$ Mn)
7.5.4. Neuro Monitoring Market
7.5.4.1. Overview
7.5.4.2. Neuro Monitoring Market Forecast and Analysis (US$ Mn)
7.5.5. Respiratory Monitoring Market
7.5.5.1. Overview
7.5.5.2. Respiratory Monitoring Market Forecast and Analysis (US$ Mn)
7.5.6. Hemodynamic Monitoring Systems Market
7.5.6.1. Overview
7.5.6.2. Hemodynamic Monitoring Systems Market Forecast and Analysis (US$ Mn)
7.5.7. Other Monitoring Devices Market
7.5.7.1. Overview
7.5.7.2. Other Monitoring Devices Market Forecast and Analysis (US$ Mn)
7.6. SMART WEARABLE MEDICAL DEVICES MARKET
7.6.1. Overview
7.6.2. Smart Wearable Medical Devices Market Forecast and Analysis (US$ Mn)
8. PORTABLE MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GYNECOLOGY MARKET
8.3.1. Overview
8.3.2. Gynecology Market Forecast and Analysis (US$ Mn)
8.4. CARDIOLOGY MARKET
8.4.1. Overview
8.4.2. Cardiology Market Forecast and Analysis (US$ Mn)
8.5. GASTRO INTESTINAL MARKET
8.5.1. Overview
8.5.2. Gastro Intestinal Market Forecast and Analysis (US$ Mn)
8.6. UROLOGY MARKET
8.6.1. Overview
8.6.2. Urology Market Forecast and Analysis (US$ Mn)
8.7. NEUROLOGY MARKET
8.7.1. Overview
8.7.2. Neurosurgery Market Forecast and Analysis (US$ Mn)
8.8. RESPIRATORY MARKET
8.8.1. Overview
8.8.2. Respiratory Market Forecast and Analysis (US$ Mn)
8.9. ORTHOPEDICS MARKET
8.9.1. Overview
8.9.2. Orthopedics Market Forecast and Analysis (US$ Mn)
8.10. OTHER APPLICATIONS MARKET
8.10.1. Overview
8.10.2. Other Applications Market Forecast and Analysis (US$ Mn)
9. PORTABLE MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA PORTABLE MEDICAL DEVICES MARKET
9.1.1. North America Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.3. North America Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.1.4. North America Portable Medical Devices Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.5.2. US Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.6.2. Canada Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.1.7.2. Mexico Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2. EUROPE PORTABLE MEDICAL DEVICES MARKET
9.2.1. Europe Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.3. Europe Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2.4. Europe Portable Medical Devices Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.5.2. UK Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.6.2. Germany Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.2.7.2. France Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3. ASIA PACIFIC PORTABLE MEDICAL DEVICES MARKET
9.3.1. Asia Pacific Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.3. Asia Pacific Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3.4. Asia Pacific Portable Medical Devices Market Forecasts and Analysis - By Country
9.3.5. Japan Market Overview
9.3.5.1. Japan Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.5.2. Japan Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3.6. India Market Overview
9.3.6.1. India Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.6.2. India Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.3.7. China Market Overview
9.3.7.1. China Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.3.7.2. China Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4. MIDDLE EAST & AFRICA (MEA) PORTABLE MEDICAL DEVICES MARKET
9.4.1. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.3. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4.4. Middle East & Africa (MEA) Portable Medical Devices Market Forecasts and Analysis - By Country
9.4.5. South Africa Market Overview
9.4.5.1. South Africa Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.5.2. South Africa Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.6.2. Saudi Arabia Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.4.7. UAE Market Overview
9.4.7.1. UAE Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.4.7.2. UAE Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA PORTABLE MEDICAL DEVICES MARKET
9.5.1. South and Central America Portable Medical Devices Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.5.3. South and Central America Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
9.5.4. South and Central America Portable Medical Devices Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Portable Medical Devices Market Forecasts and Analysis - By Product (US$ Mn)
9.5.5.2. Brazil Portable Medical Devices Market Forecasts and Analysis - By Application (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. PORTABLE MEDICAL DEVICES MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KONINKLIJKE PHILIPS N.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENERAL ELECTRIC COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ABBOTT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. OMRON HEALTHCARE, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. F. HOFFMANN-LA ROCHE LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NATUS MEDICAL INCORPORATED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OMNIVISION TECHNOLOGIES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. INFINEON TECHNOLOGIES AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Medtronic
2. KONINKLIJKE PHILIPS N.V.
3. General Electric Company
4. Abbott
5. Omron Healthcare, Inc.
6. F. Hoffmann-La Roche Ltd
7. Natus Medical Incorporated
8. BD
9. OmniVision Technologies, Inc.
10. Infineon Technologies AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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