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Portable Medical Devices Trends and Forecast
The future of the global portable medical device market looks promising with opportunities in the gynecology, cardiology, gastrointestinal, urology, neurology, respiratory, orthopedics markets. The global portable medical device market is expected to reach an estimated $112.9 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are increasing prevalence of chronic diseases, surge in geriatric population, and growing demand for portable medical devices and wearable electronics.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Portable Medical Devices by Segment
The study includes a forecast for the global portable medical devices by product, application, ,, and region
Portable Medical Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Diagnostic Imaging
• Therapeutics
• Monitoring Devices
• Smart Wearable Medical Devices
Portable Medical Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Gynecology
• Cardiology
• Gastrointestinal
• Urology
• Neurology
• Respiratory
• Orthopedics
• Others
Portable Medical Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Portable Medical Devices Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies portable medical device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the portable medical device companies profiled in this report include-
• General Electric
• Omron Corporation
• Vyaire
• Samsung
• Koninklijke Philips N.V.
• Medtronic
• F. Hoffmann-La Roche
• Nox Medical
Portable Medical Device Market Insights
Lucintel forecasts that diagnostic imaging is expected to witness highest growth over the forecast period due to growing adoption of X-ray, CT scans, and handheld ultrasound in healthcare settings.
Within this market, cardiology will remain the largest segment due to on-going technological advancements and new product development in cardiology.
North America will remain the largest region over the forecast period due to increasing penetration of diagnostic, therapeutic, and monitoring portable medical devices for disease management and surging geriatric population in the region.
Features of the Global Portable Medical Device Market
Market Size Estimates: Portable medical device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Portable medical device market size by product, application, and region in terms of value ($B).
Regional Analysis: Portable medical device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the portable medical device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the portable medical device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the portable medical device market size?
Answer: The global portable medical device market is expected to reach an estimated $112.9 billion by 2030.
Q.2 What is the growth forecast for portable medical device market?
Answer: The global portable medical device market is expected to grow with a CAGR of 9.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the portable medical device market?
Answer: The major drivers for this market are increasing prevalence of chronic diseases, surge in geriatric population, and growing demand for portable medical devices and wearable electronics.
Q4. What are the major segments for portable medical device market?
Answer: The future of the portable medical device market looks promising with opportunities in the gynecology, cardiology, gastrointestinal, urology, neurology, respiratory, orthopedics markets.
Q5. Who are the key portable medical device market companies?
Answer: Some of the key portable medical devices companies are as follows:
• General Electric
• OMRON Corporation
• VYAIRE
• Samsung
• Koninklijke Philips N.V.
• Medtronic
• F. Hoffmann-La Roche
• Nox Medical
Q6. Which portable medical device market segment will be the largest in future?
Answer: Lucintel forecasts that diagnostic imaging is expected to witness highest growth over the forecast period due to growing adoption of X-ray, CT scans, and handheld ultrasound in healthcare settings.
Q7. In portable medical device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing penetration of diagnostic, therapeutic, and monitoring portable medical devices for disease management and surging geriatric population in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the portable medical device market by product (diagnostic imaging, therapeutics, monitoring devices, and smart wearable medical devices), application (gynecology, cardiology, gastrointestinal, urology, neurology, respiratory, orthopedics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to portable medical device market or related to portable medical device companies, portable medical device market size, portable medical device market share, portable medical device market growth, portable medical device market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Portable Medical Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Portable Medical Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Portable Medical Device Market by Product
3.3.1: Diagnostic Imaging
3.3.2: Therapeutics
3.3.3: Monitoring Devices
3.3.4: Smart Wearable Medical Devices
3.4: Global Portable Medical Device Market by Application
3.4.1: Gynecology
3.4.2: Cardiology
3.4.3: Gastrointestinal
3.4.4: Urology
3.4.5: Neurology
3.4.6: Respiratory
3.4.7: Orthopedics
3.4.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Portable Medical Device Market by Region
4.2: North American Portable Medical Device Market
4.2.1: North American Portable Medical Device Market by Product: Diagnostic Imaging, Therapeutics, Monitoring Devices, and Smart Wearable Medical Devices
4.2.2: North American Portable Medical Device Market by Application: Gynecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopedics, and Others
4.3: European Portable Medical Device Market
4.3.1: European Portable Medical Device Market by Product: Diagnostic Imaging, Therapeutics, Monitoring Devices, and Smart Wearable Medical Devices
4.3.2: European Portable Medical Device Market by Application: Gynecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopedics, and Others
4.4: APAC Portable Medical Device Market
4.4.1: APAC Portable Medical Device Market by Product: Diagnostic Imaging, Therapeutics, Monitoring Devices, and Smart Wearable Medical Devices
4.4.2: APAC Portable Medical Device Market by Application: Gynecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopedics, and Others
4.5: ROW Portable Medical Device Market
4.5.1: ROW Portable Medical Device Market by Product: Diagnostic Imaging, Therapeutics, Monitoring Devices, and Smart Wearable Medical Devices
4.5.2: ROW Portable Medical Device Market by Application: Gynecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopedics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Portable Medical Device Market by Product
6.1.2: Growth Opportunities for the Global Portable Medical Device Market by Application
6.1.3: Growth Opportunities for the Global Portable Medical Device Market by Region
6.2: Emerging Trends in the Global Portable Medical Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Portable Medical Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Portable Medical Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: General Electric
7.2: OMRON Corporation
7.3: VYAIRE
7.4: Samsung
7.5: Koninklijke Philips N.V.
7.6: Medtronic
7.7: F. Hoffmann-La Roche
7.8: Nox Medical
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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