Portable Medical Electronic Products Market, By Product Type (Diagnostic Imaging, Monitoring Devices, Others); By Application (Cardiology, Respiratory, Endocrinology, Neurology, Gastroenterology, Others (Orthopedics)); By End User (Hospitals, Ambulatory S

Portable Medical Electronic Products Market, By Product Type (Diagnostic Imaging, Monitoring Devices, Others); By Application (Cardiology, Respiratory, Endocrinology, Neurology, Gastroenterology, Others (Orthopedics)); By End User (Hospitals, Ambulatory Surgical Centers, Home Healthcare, Clinics, Emergency Services); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), Global Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Global Portable Medical Electronic Products Market to Cross USD 155 Billion by 2030

Global Portable Medical Electronic Products Market is flourishing because of the rising prevalence of chronic diseases, innovations in wireless technology, miniaturization of devices, and integration of IoT.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Portable Medical Electronic Products Market size at USD 81.4 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Portable Medical Electronic Products Market size to expand at a CAGR of 9.50% reaching a value of USD 155.1 billion by 2030. Major growth factors for Global Portable Medical Electronic Products Market include an increasing need for remote monitoring due to the growing elderly population and the prevalence of chronic illnesses. Additionally, over the forecast period, Global Portable Medical Electronic Products Market is expected to be driven by technological advances such the integration of artificial intelligence (AI) and the Internet of Things (IoT) as well as the rising demand for wearable medical devices.

Opportunity - Expanding Outpatient Ambulatory Care Services

The increasing burden on hospitals due to an increasing number of patients and rising prevalence of hospital-acquired diseases is expected to broaden the scope of outpatient ambulatory care services. The services provide access to preventive care, screening, and treatment, to outpatients on daily basis. Portable medical electronic products, such as cardiac monitoring systems, pulse oximeters, and diagnosing imaging technologies, are extensively used in ambulatory care services, as they enable remote monitoring of patient’s physiological conditions and reduce healthcare costs.

Impact of Escalating Geopolitical Tensions on Global Portable Medical Electronic Products Market

Intensifying geopolitical tensions impacts different aspects of Global Portable Medical Electronic Products Market. Portable medical electronic products facilitate remote healthcare delivery, which may result in surge in their demand in sensitive locations. For example, Thornhill Medical's portable life support system, MOVES, has been instrumental in saving lives in regions of Ukraine where oxygen is in limited supply as a result of Russia's invasion. However, the market expansion may be constrained by the scarcity of certain portable devices, like wearable health trackers and insulin pumps, as a result of supply chain disruption brought on by trade disputes and military conflicts.

Cardiology Segment to Grow at Fastest CAGR

The cardiology segment holds the largest share of Global Portable Medical Electronic Products Market. Portable medical electronic goods are in a high demand due to the rising frequency of cardiovascular disorders. The World Heart Federation’s research states that cardiovascular diseases (CVDs) were the world's biggest cause of mortality, accounting for about 20 million deaths in 2021 alone. Patients and medical professionals may better monitor the overall heart health with portable medical equipment including blood pressure monitors, wearable technology, patch devices, and other smart technologies.

North America Holds Dominant Position in the Market

North America leads Global Portable Medical Electronic Products Market. The need for portable medical devices for improved disease management and remote monitoring is growing as the prevalence of chronic illnesses rises. North America Portable Medical Electronic Products Market is also expected to be driven by the existence of prominent medical device firms, such as Abbott Laboratories, Johnson & Johnson, and Medtronic, who encourage developments in portable medical devices to improve their clinical efficiency.

Competitive Landscape

The major industry players of Global Portable Medical Electronic Products Market include Abbott Laboratories, Roche Diagnostics, Medtronic plc, Philips Healthcare, Siemens Healthineers, Johnson & Johnson, Bayer AG, GlaxoSmithKline plc, Stryker Corporation, Garmin Ltd, Dexcom, Inc., and Boston Scientific Corporation. The presence of high number of companies intensify the market competition as they compete to gain a significant market share.

These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global Portable Medical Electronic Products Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Portable Medical Electronic Products Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Global Portable Medical Electronic Products Market Insights
3.1. Industry Value (USD Billion) Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rising Prevalence of Chronic Diseases
3.2.1.2. Innovations in Wireless Technology, Miniaturization of Devices, and Integration of IoT
3.2.1.3. Growing Ageing Population
3.2.2. Restraints
3.2.2.1. High Initial Costs
3.2.2.2. Increasing Use of Connected Devices Exposes Patient Data
3.2.2.3. Stringent Regulatory Requirements for Medical Devices Across Different Regions
3.2.3. Opportunities
3.2.3.1. Increasing Healthcare Infrastructure
3.2.3.2. Growth in Fitness and Health-Conscious Consumers
3.2.3.3. Integration with AI and Big Data
3.2.4. Challenges
3.2.4.1. High Competition among Manufacturers
3.2.4.2. Lack of Trained Personnel to Operate Advanced Portable Medical Devices
3.2.4.3. Achieving a Balance Between Compactness, Functionality, and Affordability
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Global Portable Medical Electronic Products Market: Marketing Strategies
5. Global Portable Medical Electronic Products Market: Geography Analysis
5.1. Global Portable Medical Electronic Products Market, Geographical Analysis, 2023
5.2. Global Portable Medical Electronic Products, Market Attractiveness Analysis, 2024–2030
6. Global Portable Medical Electronic Products Market Overview
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.1.1. Diagnostic Imaging
6.2.1.2. Monitoring Devices
6.2.1.3. Others
6.2.2. By Application
6.2.2.1. Cardiology
6.2.2.2. Respiratory
6.2.2.3. Endocrinology
6.2.2.4. Neurology
6.2.2.5. Gastroenterology
6.2.2.6. Others (Orthopedics)
6.2.3. By End User
6.2.3.1. Hospitals
6.2.3.2. Ambulatory Surgical Centers
6.2.3.3. Home Healthcare
6.2.3.4. Clinics
6.2.3.5. Emergency Services
6.2.4. By Region
6.2.4.1. North America
6.2.4.2. Europe
6.2.4.3. Asia Pacific (APAC)
6.2.4.4. Latin America (LATAM)
6.2.4.5. Middle East and Africa (MEA)
7. North America Portable Medical Electronic Products Market
7.1. Market Size & Forecast, 2019–2030
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Application
7.2.3. By End User
7.2.4. By Country
7.2.4.1. United States
7.2.4.1.1. By Product Type
7.2.4.1.2. By Application
7.2.4.1.3. By End User
7.2.4.2. Canada
7.2.4.2.1. By Product Type
7.2.4.2.2. By Application
7.2.4.2.3. By End User
8. Europe Portable Medical Electronic Products Market
8.1. Market Size & Forecast, 2019–2030
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By End User
8.2.4. By Country
8.2.4.1. Germany
8.2.4.1.1. By Product Type
8.2.4.1.2. By Application
8.2.4.1.3. By End User
8.2.4.2. United Kingdom
8.2.4.2.1. By Product Type
8.2.4.2.2. By Application
8.2.4.2.3. By End User
8.2.4.3. Italy
8.2.4.3.1. By Product Type
8.2.4.3.2. By Application
8.2.4.3.3. By End User
8.2.4.4. France
8.2.4.4.1. By Product Type
8.2.4.4.2. By Application
8.2.4.4.3. By End User
8.2.4.5. Spain
8.2.4.5.1. By Product Type
8.2.4.5.2. By Application
8.2.4.5.3. By End User
8.2.4.6. Belgium
8.2.4.6.1. By Product Type
8.2.4.6.2. By Application
8.2.4.6.3. By End User
8.2.4.7. Russia
8.2.4.7.1. By Product Type
8.2.4.7.2. By Application
8.2.4.7.3. By End User
8.2.4.8. The Netherlands
8.2.4.8.1. By Product Type
8.2.4.8.2. By Application
8.2.4.8.3. By End User
8.2.4.9. Rest of Europe
8.2.4.9.1. By Product Type
8.2.4.9.2. By Application
8.2.4.9.3. By End User
9. Asia Pacific Portable Medical Electronic Products Market
9.1. Market Size & Forecast, 2019–2030
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By End User
9.2.4. By Country
9.2.4.1. China
9.2.4.1.1. By Product Type
9.2.4.1.2. By Application
9.2.4.1.3. By End User
9.2.4.2. India
9.2.4.2.1. By Product Type
9.2.4.2.2. By Application
9.2.4.2.3. By End User
9.2.4.3. Japan
9.2.4.3.1. By Product Type
9.2.4.3.2. By Application
9.2.4.3.3. By End User
9.2.4.4. South Korea
9.2.4.4.1. By Product Type
9.2.4.4.2. By Application
9.2.4.4.3. By End User
9.2.4.5. Australia & New Zealand
9.2.4.5.1. By Product Type
9.2.4.5.2. By Application
9.2.4.5.3. By End User
9.2.4.6. Indonesia
9.2.4.6.1. By Product Type
9.2.4.6.2. By Application
9.2.4.6.3. By End User
9.2.4.7. Malaysia
9.2.4.7.1. By Product Type
9.2.4.7.2. By Application
9.2.4.7.3. By End User
9.2.4.8. Singapore
9.2.4.8.1. By Product Type
9.2.4.8.2. By Application
9.2.4.8.3. By End User
9.2.4.9. Vietnam
9.2.4.9.1. By Product Type
9.2.4.9.2. By Application
9.2.4.9.3. By End User
9.2.4.10. Rest of APAC
9.2.4.10.1. By Product Type
9.2.4.10.2. By Application
9.2.4.10.3. By End User
10. Latin America Portable Medical Electronic Products Market
10.1. Market Size & Forecast, 2019–2030
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Application
10.2.3. By End User
10.2.4. By Country
10.2.4.1. Brazil
10.2.4.1.1. By Product Type
10.2.4.1.2. By Application
10.2.4.1.3. By End User
10.2.4.2. Mexico
10.2.4.2.1. By Product Type
10.2.4.2.2. By Application
10.2.4.2.3. By End User
10.2.4.3. Argentina
10.2.4.3.1. By Product Type
10.2.4.3.2. By Application
10.2.4.3.3. By End User
10.2.4.4. Peru
10.2.4.4.1. By Product Type
10.2.4.4.2. By Application
10.2.4.4.3. By End User
10.2.4.5. Rest of LATAM
10.2.4.5.1. By Product Type
10.2.4.5.2. By Application
10.2.4.5.3. By End User
11. Middle East and Africa Portable Medical Electronic Products Market
11.1. Market Size & Forecast, 2019–2030
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By Application
11.2.3. By End User
11.2.4. By Country
11.2.4.1. Saudi Arabia
11.2.4.1.1. By Product Type
11.2.4.1.2. By Application
11.2.4.1.3. By End User
11.2.4.2. UAE
11.2.4.2.1. By Product Type
11.2.4.2.2. By Application
11.2.4.2.3. By End User
11.2.4.3. Qatar
11.2.4.3.1. By Product Type
11.2.4.3.2. By Application
11.2.4.3.3. By End User
11.2.4.4. Kuwait
11.2.4.4.1. By Product Type
11.2.4.4.2. By Application
11.2.4.4.3. By End User
11.2.4.5. South Africa
11.2.4.5.1. By Product Type
11.2.4.5.2. By Application
11.2.4.5.3. By End User
11.2.4.6. Nigeria
11.2.4.6.1. By Product Type
11.2.4.6.2. By Application
11.2.4.6.3. By End User
11.2.4.7. Algeria
11.2.4.7.1. By Product Type
11.2.4.7.2. By Application
11.2.4.7.3. By End User
11.2.4.8. Rest of MEA
11.2.4.8.1. By Product Type
11.2.4.8.2. By Application
11.2.4.8.3. By End User
12. Competitive Landscape
12.1. List of Key Players and Their Product Types
12.2. Global Portable Medical Electronic Products Company Market Share Analysis, 2023
12.3. Competitive Benchmarking, By Operating Parameters
12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Escalating Geopolitical Tensions on Global Portable Medical Electronic Products Market
14. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
14.1. Abbott Laboratories
14.2. Roche Diagnostics
14.3. Medtronic plc
14.4. Philips Healthcare
14.5. Siemens Healthineers
14.6. Johnson & Johnson
14.7. Bayer AG
14.8. GlaxoSmithKline plc
14.9. Stryker Corporation
14.10. Garmin Ltd
14.11. Dexcom, Inc
14.12. Boston Scientific Corporation
14.13. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
16.1. Qualitative Research
16.1.1. Primary & Secondary Research
16.2. Quantitative Research
16.3. Market Breakdown & Data Triangulation
16.3.1. Secondary Research
16.3.2. Primary Research
16.4. Breakdown of Primary Research Respondents, By Region
16.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings