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Global
Portable Medical
Devices Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015-2025
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Report
Description
Report Description
The portable medical devices market encompasses all healthcare associated diagnostic and
therapeutic medical devices that are miniature in nature and can be easily transported from one
location to another without any inconveniences. The market for portable devices has evolved
greatly over the years particularly due to miniaturization of electronic components. Low power
consumption technology has also greatly helped in developing portable technologies. As the
world has begun shrinking due to increased connectivity, telemedicine, home-care and remote
monitoring have become familiar terms with modern healthcare. Several factors led to the
increasing need for portable devices, of which the major impact factors include increasing
demand for diagnostics in remote areas of the world where a significant population continues to
reside, increasing number of emergency medical services such as ambulances and helicopters
that are required to be well equipped, military medicine for on-field applications and aging
population that has begun to feel the pressure of moving to and fro from hospitals for simple
diagnostic procedures. In a field like healthcare, the upcoming markets such as wearable
medical devices and smart wearable sensors have culminated in the large revenue generation
since the past several years which is expected to continue in the coming years as well.
Several government initiatives to reduce the hospitalization time for patients has begun over the
world and particularly in North America primarily enforced due to high healthcare expenditure
that the government has had to endure. Re-hospitalization may be investigated by government
to understand if there has been a shortfall from medical experts that led to re-hospitalization
and may result in the medical expert being penalized along with the hospital. Thus portable
medical devices will play a major role to reduce healthcare expenditure and increase space in
hospitals by freeing beds for serious patients.
Report
Description
Report Description
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The market can be perceived and segmented through various aspects such as the general
medical application such as cardiovascular, urological, neurological etc. Pacemakers,
defibrillators, heart rate monitors, electrocardiographs and dialyzers are some portable
devices available today. Increased wireless capabilities with the help of networking
technologies such as Bluetooth, LAN, and WAN have also led to a significant rise in the
portable technologies market. This increase in connectivity and safety has led to the
inception of new consumer markets of medical devices that do not require intensive
training. Portable devices such as activity monitors and heart-rate monitors are
increasingly popular with all ages of people and are also used in veterinary science. A
large number of companies such as Nike, Adidas, BodyMedia, Lark Jawbone, Polar, Fitbit,
Sketchers and Scosche have ventured and gained considerable success in this field.
Larger diagnostic machines such as bone densitometers and blood pressure monitors
became popular due to the use in remote areas for monitoring health of villagers and
non-urban population due to low awareness.In contrast, urban areas such as cities have
seen increasing demand for complex portable medical devices such as defibrillators for
usage in offices, public areas such as parks and railway stations due to rising incidence of
sudden cardiac arrest, heart attacks and other cardiovascular ailments. Companies
manufacturing this automated external defibrillators and bone-densitometers include GE
Healthcare, Hologic, Philips, Cooper Surgical, HeartSine, Sorin Group, Zoll Medical,
PhysioControl, Schiller AG and Cardiac Science.
Report
Description
Report Description
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In terms of geography this market is distributed into four major regions of North America,
Europe, Asia-Pacific and Rest of the World of which North America accounts for a
significant portion mainly due to a large number of companies manufacturing portable
medical devices and equipment. Along with this, a greater amount of marketing takes
place in the region which increases the awareness. Europe is also a significant market for
devices such as defibrillators, home monitoring and remote patient monitoring along
with on-field medical devices. Asia-Pacific market is expected to rise tremendously in
coming years due to increasing awareness, connectivity and availability of portable
medical devices. This will be further supplemented by the downward trend of cost of
these devices which will result in a greater affordability. Rest of the World region will
soon follow suit with Asia-Pacific as emerging economies such as Brazil, Middle-East and
North African countries are already exhibiting greater purchasing power of portable
medical devices.
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