Portable Medical Devices Market Report: Trends, Forecast and Competitive Analysis to 2030

Portable Medical Devices Market Report: Trends, Forecast and Competitive Analysis to 2030

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?

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