Global Portable Medical Electronic Products Market Size, Share & Trends Analysis Report By Equipment (Diagnostic Equipment, Treatment Equipment and Monitoring Equipment), By Application (Cardiology, Respiratory, Gynecology, Neurology, and Others), By Application (Hospitals, Physicians, Homecare Patients, and Others), and Forecast 2019-2025.
The global portable medical electronic products market is anticipated to grow at a CAGR of 7.5% during the forecast period of 2019-2025, owing to the rising geriatric population and technological advancements in the healthcare sector. Additionally, increasing healthcare costs and the penetration of smartphones and mobile devices are stimulating the market growth. Furthermore, the emergence of cost-effective communication standards is again expected to fuel market growth during the forecast period. Portable medical equipment is gaining popularity due to the advances in technology that have led to ease of use and accessibility. Portable medical equipment can be connected to a smartphone that has led to better storage and understanding of data. With more focus on reducing the size of portable devices and data accessibility, the market is estimated to surge in the forecast period.
The market is segmented on the basis of equipment, applications, and end-users. On the basis of equipment, the market is segmented into diagnostic equipment, treatment equipment, and monitoring equipment. Based on applications, the market is segregated into cardiology, respiratory, gynecology, neurology, and others. The end-users segment includes hospitals, physicians, homecare patients, and others.
The global portable medical electronic products market is further segmented based on geography that includes North America, Europe, Asia-Pacific, and the Rest of the World. With the rapidly aging population, North America leads the market due to the popularity of homecare patient settings and technological advancements in healthcare infrastructures. Furthermore, rising healthcare investments and government initiatives are fueling the growth of portable medical devices in this region. However, Asia-Pacific is expected to be the fastest-growing market owing to increasing healthcare expenditures, rising disposable incomes, and increasing patient awareness.
Research Methodology
The market study of the global portable medical electronic products market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include:
The report is intended for industrial manufacturers, healthcare industry players, and other related market players for overall market analysis and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Global Portable Medical Electronic Products Market Research and Analysis by Equipment
2. Global Portable Medical Electronic Products Market Research and Analysis by Application
3. Global Portable Medical Electronic Products Market Research and Analysis by End-Users
The Report Covers:
The global portable medical electronic products market is anticipated to grow at a CAGR of 7.5% during the forecast period of 2019-2025, owing to the rising geriatric population and technological advancements in the healthcare sector. Additionally, increasing healthcare costs and the penetration of smartphones and mobile devices are stimulating the market growth. Furthermore, the emergence of cost-effective communication standards is again expected to fuel market growth during the forecast period. Portable medical equipment is gaining popularity due to the advances in technology that have led to ease of use and accessibility. Portable medical equipment can be connected to a smartphone that has led to better storage and understanding of data. With more focus on reducing the size of portable devices and data accessibility, the market is estimated to surge in the forecast period.
The market is segmented on the basis of equipment, applications, and end-users. On the basis of equipment, the market is segmented into diagnostic equipment, treatment equipment, and monitoring equipment. Based on applications, the market is segregated into cardiology, respiratory, gynecology, neurology, and others. The end-users segment includes hospitals, physicians, homecare patients, and others.
The global portable medical electronic products market is further segmented based on geography that includes North America, Europe, Asia-Pacific, and the Rest of the World. With the rapidly aging population, North America leads the market due to the popularity of homecare patient settings and technological advancements in healthcare infrastructures. Furthermore, rising healthcare investments and government initiatives are fueling the growth of portable medical devices in this region. However, Asia-Pacific is expected to be the fastest-growing market owing to increasing healthcare expenditures, rising disposable incomes, and increasing patient awareness.
Research Methodology
The market study of the global portable medical electronic products market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for industrial manufacturers, healthcare industry players, and other related market players for overall market analysis and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Global Portable Medical Electronic Products Market Research and Analysis by Equipment
2. Global Portable Medical Electronic Products Market Research and Analysis by Application
3. Global Portable Medical Electronic Products Market Research and Analysis by End-Users
The Report Covers:
- Comprehensive research methodology of the global portable medical electronic products market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global portable medical electronic products market.
- Insights about market determinants which are stimulating the global portable medical electronic products market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abbott Laboratories, Inc.
- ARKRAY USA, Inc.
- B. Braun Melsungen AG
- Contec Medical Systems Co., Ltd.
- GE Healthcare
- Johnson & Johnson Services, Inc.
- Koninklijke Philips N.V.
- Medtronic plc
- Nox Medical
- OMRON Healthcare, Inc.
- Panasonic Corp.
- Renesas Electronics Corp.
- Roche Diagnostics Corp.
- Siemens AG
- Smith & Nephew PLC
- Stryker Corp.
- Vyaire Medical, Inc.
