Portable Medical Electronic Products Market, By Products (Diagnostic Imaging, Monitoring Devices, and Others), By Application (Gynecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopedics, and Others), By End User (Hospitals, Phy

Portable Medical Electronic Products Market, By Products (Diagnostic Imaging, Monitoring Devices, and Others), By Application (Gynecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopedics, and Others), By End User (Hospitals, Physician Offices, Homecare Settings, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Global portable medical electronic products market has been witnessing steady growth over the past few years. Portable medical electronic products refer to miniaturized handheld devices that are used for the diagnosis, monitoring, or treatment of medical conditions. Some of the key portable medical electronic products include blood pressure monitors, blood glucose monitors, weight scales, pulse oximeters, ECG/EKG monitors, and portable ultrasound scanners. Growing aging population, increasing prevalence of chronic diseases, technological advancements, and rising healthcare expenditure are some of the primary factors driving the demand for portable medical electronic products. Moreover, increasing preference for home healthcare and Remote Patient Monitoring (RPM) is further accelerating the adoption of these portable devices.

Market Dynamics:

Rising geriatric population and the subsequent increase in the prevalence of chronic diseases like diabetes, hypertension, and cardiovascular diseases are the major growth drivers for this market. As per estimates, by 2050, over 16% of the world's population will be aged 65 years and above. Elderly people tend to suffer more from chronic illnesses, thereby propelling the need for frequent health monitoring which can be easily done using portable medical devices. However, high costs of technologically advanced portable devices especially those with connectivity features may restrict their adoption in price sensitive developing regions. On the other hand, the emergence of low-cost point-of-care diagnostics presents significant opportunities for market expansion. Also, ongoing trend of digitalization and internet of things is enabling the integration of connectivity into portable medical devices, which is set to open up new avenues over the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global portable medical electronic products market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global portable medical electronic products market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Medtronic, GE Healthcare, Roche Diagnostics, Philips Healthcare, Omron Healthcare and Lifescan

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global portable medical electronic products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Products Insights (Revenue, USD Bn, 2019 - 2031)

Diagnostic Imaging

Monitoring Devices

Others

By Application Insights (Revenue, USD Bn, 2019 - 2031)

Gynecology

Cardiology

Gastrointestinal

Urology

Neurology

Respiratory

Orthopedics

Others

By End User Insights (Revenue, USD Bn, 2019 - 2031)

Hospitals

Physician Offices

Homecare Settings

Others

By Regional Insights (Revenue, USD Bn 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

Abbott Laboratories

Roche Diagnostics

Medtronic plc

Philips Healthcare

Siemens Healthineers

Johnson & Johnson

Bayer AG

Omron Healthcare, Inc.

Fitbit, Inc. (now part of Google)

Apple Inc.

Garmin Ltd.

Dexcom, Inc.

Boston Scientific Corporation

GlaxoSmithKline plc

A&D Company, Limited

Tandem Diabetes Care, Inc.

Welch Allyn (Hillrom)

Zebra Medical Vision Ltd.

AliveCor, Inc.

Stryker Corporation