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Global Portable Medical Devices Market 2023 International Expansion, Share Analysis, Growing Demand And Forecast To 2032

12-08-2023 07:25 AM CET | Health & Medicine

Press release from: The Business research company

Portable Medical Devices Market

Portable Medical Devices Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Portable Medical Devices Global Market Report 2023 identifies growing prevalence of chronic diseases as the major driver for the Portable Medical Devices Market's growth in the forecast period. Chronic diseases are described generically as problems that persist a year or longer, need continuing medical treatment, and interfere with everyday activities. Portable medical devices assist patients suffering from chronic diseases track their health-related conditions, such as physiological conditions in post-acute, rehabilitation, and chronic cases.

The global portable medical devices market is expected to grow from $45.17 billion in 2022 to $50.59 billion in 2023 at a compound annual growth rate (CAGR) of 12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The portable medical devices market is expected to reach $77.28 billion in 2027 at a CAGR of 11.2%.

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Major competitors in the portable medical devices market are Cardinal Health Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Panasonic Holdings Corporation, Abbott Laboratories, Medtronic PLC, Siemens Healthcare Private Limited, Fujifilm Holdings Corporation, Becton, Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, Baxter International Inc., Infineon Technologies AG, Boston Scientific Corporation, Biotricity Inc., Grifols S.A, Terumo Corporation, Fresenius Kabi AG, GE HealthCare Technologies Inc., Hologic Inc., Dexcom Inc., QIAGEN GmbH, Nipro Corporation, Omnivision Technologies Inc., Shockwave Medical Inc., SARSTEDT GROUP, Morepen Laboratories Ltd., Omron Healthcare Inc., Natus Medical Incorporated, Samsung Healthcare, and Pulsatom Health Care Pvt. Ltd.

A key trend in the Portable Medical Devices Market includes Technological innovation. Major companies operating in the portable medical devices market are adopting new technologies to sustain their position in the market. For Instance, in November 2022, Philips, a Netherland-based conglomerate corporation, launched the Compact 5000 series of a next-generation compact portable ultrasound solution. This innovative system is featured with Philips collaboration live secure real-time telemedicine software that can call on additional clinical expertise via confident voice, text, screen sharing, and video streaming from anywhere with a mobile or internet connection and aims to increase accessibility to the diagnostic capabilities of high-end cart-based ultrasound machines. The Ultrasound Compact 5000 Series system is tailored with an optional battery to provide 2.5 hours of scanning time and 20% faster power-up capabilities. It is made to provide shared services for various medical specialties, such as cardiovascular, obstetrics and gynecology, point-of-care, and general imaging.

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The Portable Medical Devices Market is segmented -
By Product: Therapeutics, Smart Wearable Medical Devices, Diagnostic Imaging, Monitoring Devices, Neuromonitoring, Cardiac Monitoring, Respiratory Monitoring, Neonatal Monitoring, Fetal Monitoring, Other Products
By Application: Cardiology, Orthopedics, Gynecology, Urology, Gastrointestinal, Neurology, Other Applications
By End-User: Hospitals, Clinics, Homecare Patient, Ambulatory Care Centers, Surgical Centers, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Portable Medical Devices Market.

The Business Research Company's "Global Portable Medical Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Portable Medical Devices Market Include:
1. Executive Summary
2. Portable Medical Devices Market Characteristics
3. Portable Medical Devices Market Trends And Strategies
4. Portable Medical Devices Market - Macro Economic Scenario
5. Global Portable Medical Devices Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Portable Medical Devices Market Competitive Benchmarking
33. Global Portable Medical Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Portable Medical Devices Market
35. Portable Medical Devices Market Future Outlook and Potential Analysis
36. Appendix

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