Portable Medical Electronic Products Market Industry Size, Analysis, Trends, Growth and Forecast 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. Increasing healthcare costs and the penetration of smartphones and mobile devices are stimulating the market. Furthermore, the emergence of low-cost communication standards is also expected to boost market growth during the forecast period. Portable medical electronic equipment is gaining popularity due to the advances in technology which has led ease of use and accessibility.

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The market includes Medtronic PLC, Johnson & Johnson Services, Inc., Abbott Laboratories, Inc., GE Healthcare, and Koninklijke Philips N.V., among other market players.

Portable medical equipment can be connected to a smartphone which 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 expected to surge in the forecast period. Introduction of telemedicine facilities, home healthcare services, and growth in nanotechnology had offered numerous opportunities for portable medical electronic products market. The major market players that are involved in the manufacturing of these devices are continuously focusing on the development of cost-effective portable medical devices.

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The market is segmented on the basis of equipment, application, and end-users. On the basis of equipment, the market is segmented into diagnostic equipment, treatment equipment, and monitoring equipment. Diagnostic equipment includes CT scanner, X-ray scanner, ultrasound machine, and endoscopes. Treatment equipment includes an insulin pump, nebulizer, oxygen concentrator and others. Monitoring equipment includes heart monitor, pulse oximeter, neuromonitoring device, blood pressure monitor, fetal monitor, and others. Heart monitors segment held the major market share in 2018 owing to an increase in the number of cardiac arrests. By application, the market is segmented into cardiology, respiratory, gynecology, neurology, and others. Smart fitness devices are projected to hold the largest share during the forecast period, owing to its increased utility in tracking fitness and wellness of individuals.

Market Segmentation

Global Portable Medical Electronic Products Market by Equipment

o Diagnostic Equipment
o CT Scanner
o X-Ray Scanner
o Ultrasound Machine
o Endoscopes
o Treatment Equipment
o Insulin pump
o Nebulizer
o Oxygen Concentrator
o Other
o Monitoring Equipment
o Heart Monitor
o Pulse Oximeter
o Neuromonitoring Device
o Blood Pressure Monitor
o Fetal Monitor
o Others

Global Portable Medical Electronic Products Market by Application

o Cardiology
o Respiratory
o Gynecology
o Neurology
o Other

Global Portable Medical Electronic Products Market by End-Users

o Hospitals
o Physicians
o Homecare Patients
o Others

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