PUBLISHER: IMARC | PRODUCT CODE: 1298564
PUBLISHER: IMARC | PRODUCT CODE: 1298564
Global Portable Medical and Healthcare Monitoring Devices Market Report: 2023-2028
Market Overview:
The global portable medical and healthcare monitoring devices market size reached US$ 85.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 218.2 Billion by 2028, exhibiting a growth rate (CAGR) of 16.9% during 2023-2028. The growing occurrence of various chronic diseases, rising advancements in improving treatment methods and diagnostic processes, and increasing geriatric population represent some of the key factors driving the market.
Portable medical and healthcare monitoring devices refer to various electronic equipment that comprises automated insulin pumps, blood pressure monitors, glucose monitoring systems, ultrasound machines, digital thermometers, and electrocardiogram (ECG) machines. These devices are essential for tracking and monitoring different health parameters of patients. They also include otoscopes, which shine a beam of light to help visualize and examine the condition of the ear canal and eardrum. They provide continuous non-invasive monitoring of various vital parameters through connectivity. They also enable healthcare providers to acquire real-time updates on the condition of patients under critical care. They offer accurate and instant diagnoses of various health complications, such as fever, cold, diabetes, high or low blood pressure, and infections caused by various pathogens. They improve patient throughput and allow healthcare providers to attend to a large number of patients without impacting their efficiency. Furthermore, portable medical and healthcare monitoring devices eliminate the requirement of transporting critical care and vulnerable patients from one facility to another for imaging purposes.
Portable medical and healthcare monitoring devices Market Trends:
At present, the increasing demand for portable medical and healthcare monitoring devices, as they are lightweight, compact, and cost-efficient, represents one of the primary factors influencing the market positively. Besides this, the rising utilization of portable ultrasounds equipped with advanced imaging capabilities for high-contrast resolution and image optimization and for taking 2D, 3D, and 4D imaging is propelling the growth of the market. In addition, the growing occurrence of various chronic diseases among the masses, along with the increasing geriatric population around the world, is offering a favorable market outlook. Apart from this, governing agencies of various countries are investing in the healthcare sector to increase the number of hospitals, nursing homes, and clinics and provide quality healthcare services to individuals. Additionally, the rising advancements in improving treatment methods and diagnostic processes for various life-threatening conditions are contributing to the growth of the market. Moreover, the increasing adoption of various wireless monitoring devices and wearable devices by doctors, surgeons, and nurses is supporting the market growth. Furthermore, the rising utilization of portable medical and healthcare monitoring devices among patients, as they offer user-friendly features and a sophisticated user interface (UI), is bolstering the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global portable medical and healthcare monitoring devices market report, along with forecasts at the global and country level from 2023-2028. Our report has categorized the market based on type.
Type Insights:
Medical Monitoring Devices
Vital Signs Monitoring Devices
Cardiac Monitoring Devices
Respiratory Monitoring Devices
Wearable BP Monitors
Pulse Oximetry Devices
Foetal Monitoring Devices
Neuromonitoring Devices
Blood Glucose Monitoring Devices
Anaesthesia Monitoring Devices
Wearable Health and Fitness Devices
Smart Wrist-Wearables
Smart Garments
Chest Straps
The report has provided a detailed breakup and analysis of the portable medical and healthcare monitoring devices market based on the type. This includes medical monitoring devices (vital signs monitoring devices (cardiac monitoring devices, respiratory monitoring devices, wearable BP monitors, and pulse oximetry devices), foetal monitoring devices, neuromonitoring devices, blood glucose monitoring devices, and anaesthesia monitoring devices) and wearable health and fitness devices (smart wrist-wearables, smart garments, and chest straps). According to the report, cardiac monitoring devices represented the largest segment.
Regional Insights:
United States
Germany
France
Italy
United Kingdom
China
Japan
Brazil
The report has also provided a comprehensive analysis of all the major regional markets, which include United States, Germany, France, Italy, The United Kingdom, China, Japan, and Brazil. According to the report, United States was the largest market for portable medical and healthcare monitoring devices. Some of the factors driving the United States portable medical and healthcare monitoring devices market included the increasing geriatric population, rising technological advancements in treatment procedures, high healthcare expenditure, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global portable medical and healthcare monitoring devices market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered Philips Healthcare, GE Healthcare, Abbott Laboratories, Fitbit Inc., Garmin, Medtronic, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global portable medical and healthcare monitoring devices market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global portable medical and healthcare monitoring devices market?
- What is the impact of each driver, restraint, and opportunity on the global portable medical and healthcare monitoring devices market?
- Which countries represent the most attractive portable medical and healthcare monitoring devices market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the portable medical and healthcare monitoring devices market?
- What is the competitive structure of the global portable medical and healthcare monitoring devices market?
- Who are the key players/companies in the global portable medical and healthcare monitoring devices market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction and Scope
- 4.1 Healthcare and Medical Devices
- 4.2 Classification of Medical Devices
5 What Drives the Global Portable Medical and Healthcare Monitoring Devices Market
- 5.1 Increase in Aging Population
- 5.2 Growing Lifestyle Diseases
- 5.3 Ease of Use
- 5.4 Cost Efficiency
- 5.5 Technological Advancement
- 5.6 Emerging Markets
- 5.7 Growing Awareness
6 SWOT Analysis
- 6.1 Overview
- 6.2 Strengths
- 6.3 Weaknesses
- 6.4 Opportunities
- 6.5 Threats
7 Value Chain Analysis
8 Porter's Five Forces Analysis
- 8.1 Bargaining Power of Suppliers
- 8.2 Bargaining Power of Consumers
- 8.3 Threat of Substitutes
- 8.4 Threat of New Entrants
- 8.5 Competitive Rivalry
9 Global Portable Medical and Healthcare Monitoring Devices Market
- 9.1 Historical and Current Market Trends
- 9.2 Impact of COVID-19
- 9.3 Market Forecast
10 Market Segmentation by Type
- 10.1 Medical Monitoring Devices
- 10.1.1 Vital Signs Monitoring Devices
- 10.1.1.1 Cardiac Monitoring Devices
- 10.1.1.1.1 Historical, Current and Future Market Trends
- 10.1.1.1.2 Competitive Landscape
- 10.1.1.2 Respiratory Monitoring Devices
- 10.1.1.2.1 Historical, Current and Future Market Trends
- 10.1.1.2.2 Competitive Landscape
- 10.1.1.3 Wearable BP Monitors
- 10.1.1.3.1 Historical, Current and Future Market Trends
- 10.1.1.3.2 Competitive Landscape
- 10.1.1.4 Pulse Oximetry Devices
- 10.1.1.4.1 Historical, Current and Future Market Trends
- 10.1.1.4.2 Competitive Landscape
- 10.1.1.1 Cardiac Monitoring Devices
- 10.1.2 Foetal Monitoring Devices
- 10.1.2.1 Historical, Current and Future Market Trends
- 10.1.2.2 Competitive Landscape
- 10.1.3 Neuromonitoring Devices
- 10.1.3.1 Historical, Current and Future Market Trends
- 10.1.3.2 Competitive Landscape
- 10.1.4 Blood Glucose Monitoring Devices
- 10.1.4.1 Historical, Current and Future Market Trends
- 10.1.4.2 Competitive Landscape
- 10.1.5 Anaesthesia Monitoring Devices
- 10.1.5.1 Historical, Current and Future Market Trends
- 10.1.5.2 Competitive Landscape
- 10.1.1 Vital Signs Monitoring Devices
- 10.2 Wearable Health and Fitness Devices
- 10.2.1 Smart Wrist-Wearables
- 10.2.1.1 Historical, Current and Future Market Trends
- 10.2.1.2 Competitive Landscape
- 10.2.2 Smart Garments
- 10.2.2.1 Historical, Current and Future Market Trends
- 10.2.2.2 Competitive Landscape
- 10.2.3 Chest Straps
- 10.2.3.1 Historical, Current and Future Market Trends
- 10.2.3.2 Competitive Landscape
- 10.2.1 Smart Wrist-Wearables
11 Market Segmentation by Major Countries
- 11.1 Current and Future Market Share by Major Countries
- 11.2 Global Portable Medical and Healthcare Monitoring Devices Market: Country wise Analysis
- 11.2.1 United States
- 11.2.1.1 Overview
- 11.2.1.2 Historical, Current and Future Market Trends
- 11.2.1.3 Key Players
- 11.2.2 Germany
- 11.2.2.1 Overview
- 11.2.2.2 Historical, Current and Future Market Trends
- 11.2.2.3 Key Players
- 11.2.3 France
- 11.2.3.1 Overview
- 11.2.3.2 Historical, Current and Future Market Trends
- 11.2.3.3 Key Players
- 11.2.4 Italy
- 11.2.4.1 Overview
- 11.2.4.2 Historical, Current and Future Market Trends
- 11.2.4.3 Key Players
- 11.2.5 United Kingdom
- 11.2.5.1 Overview
- 11.2.5.2 Historical, Current and Future Market Trends
- 11.2.5.3 Key Players
- 11.2.6 China
- 11.2.6.1 Overview
- 11.2.6.2 Historical, Current and Future Market Trends
- 11.2.6.3 Key Players
- 11.2.7 Japan
- 11.2.7.1 Overview
- 11.2.7.2 Historical, Current and Future Market Trends
- 11.2.7.3 Key Players
- 11.2.8 Brazil
- 11.2.8.1 Overview
- 11.2.8.2 Historical, Current and Future Market Trends
- 11.2.8.3 Key Players
- 11.2.1 United States
12 Global Portable Medical and Healthcare Monitoring Devices Market: Key Players
- 12.1 Philips Healthcare
- 12.1.1 Company Overview
- 12.1.2 Product Portfolio
- 12.1.3 Financial Overview
- 12.2 GE Healthcare
- 12.2.1 Company Overview
- 12.2.2 Product Portfolio
- 12.2.3 Financial Overview
- 12.3 Abbott Laboratories
- 12.3.1 Company Overview
- 12.3.2 Product Portfolio
- 12.3.3 Financial Overview
- 12.4 Fitbit Inc.
- 12.4.1 Company Overview
- 12.4.2 Product Portfolio
- 12.4.3 Financial Overview
- 12.5 Garmin
- 12.5.1 Company Overview
- 12.5.2 Product Portfolio
- 12.5.3 Financial Overview
- 12.6 Medtronic
- 12.6.1 Company Overview
- 12.6.2 Product Portfolio
- 12.6.3 Financial Overview
13 Market Challenges
- 13.1 Connectivity Problems
- 13.2 Regulatory Compliance
- 13.3 Security Issues
- 13.4 Intense Competition
- 13.5 Other Challenges
List of Figures
- Figure 1: Global: Portable Health Monitoring Devices: Drivers: Population Aging: 30-Year increase in percentage aged 60 years or over
- Figure 2: Global: Portable Health Monitoring Devices: Drivers: Growing Lifestyle Diseases
- Figure 3: Global: Portable Health Monitoring Devices Industry: SWOT Analysis
- Figure 4: Global: Portable Health Monitoring Devices Industry: Value Chain Analysis
- Figure 5: Global: Portable Health Monitoring Devices Industry: Porter's Five Forces Analysis
- Figure 6: Global: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 7: Global: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Portable Cardiac Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 9: Global: Portable Cardiac Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 10: Global: Portable Respiratory Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 11: Global: Portable Respiratory Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 12: Global: Wearable BP Monitoring Devices Market - Sales Value (in Million US$), 2017-2022
- Figure 13: Global: Wearable BP Monitoring Devices Market Forecast - Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Pulse Oximetry Devices Market - Sales Value (in Million US$), 2017-2022
- Figure 15: Global: Pulse Oximetry Devices Market Forecast - Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Portable Foetal Monitoring Devices Market - Sales Value (in Million US$), 2017-2022
- Figure 17: Global: Portable Foetal Monitoring Devices Market Forecast - Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Portable Neuromonitoring Devices Market - Sales Value (in Million US$), 2017-2022
- Figure 19: Global: Portable Neuromonitoring Devices Market Forecast - Sales Value (In Million US$), 2023-2028
- Figure 20: Global: Portable Blood Glucose Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 21: Global: Portable Blood Glucose Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 22: Global: Portable Anaesthesia Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 23: Global: Portable Anaesthesia Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 24: Global: Smart Wrist-Wearables Market - Sales Value (in Billion US$), 2017-2022
- Figure 25: Global: Smart Wrist-Wearables Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 26: Global: Smart Garments Market - Sales Value (in Million US$), 2017-2022
- Figure 27: Global: Smart Garments Market Forecast- Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Chest Straps Market - Sales Value (in Million US$), 2017-2022
- Figure 29: Global: Chest Straps Market Forecast - Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Portable Health Monitoring Devices Market- Shares of Major Countries (in %), 2022
- Figure 31: Global: Portable Health Monitoring Devices Market Forecast- Shares of Major Countries (in %) 2028
- Figure 32: United States: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 33: United States: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 34: Germany: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 35: Germany: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 36: France: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 37: France: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 38: Italy: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 39: Italy: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 40: Spain: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 41: Spain: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 42: United Kingdom: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 43: United Kingdom: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 44: China: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 45: China: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 46: Japan: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 47: Japan: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 48: Brazil: Portable Health Monitoring Devices Market - Sales Value (in Billion US$), 2017-2022
- Figure 49: Brazil: Portable Health Monitoring Devices Market Forecast - Sales Value (in Billion US$), 2023-2028
- Figure 50: Philips Healthcare: Sales Value (in Billion US$), 2014-2019
- Figure 51: GE Healthcare: Sales Value (in Billion US$), 2014-2019
- Figure 52: Abbott Laboratories: Sales Value (in Billion US$), 2014-2019
- Figure 53: Fitbit: Sales Value (in Million US$), 2014-2019
- Figure 54: Garmin (Fitness): Sales Value (in Million US$), 2014-2019
- Figure 55: Medtronic: Sales Value (in Billion US$), 2014-2019
List of Tables
- Table 1: Global: Portable Cardiac Monitoring Devices Market - Key Players
- Table 2: Global: Portable Respiratory Monitoring Devices Market - Key Players
- Table 3: Global: Wearable BP Monitoring Devices Market - Key Players
- Table 4: Global: Pulse Oximetry Devices Market - Key Players
- Table 5: Global: Portable Foetal Monitoring Devices Market - Key Players
- Table 6: Global: Portable Neuromonitoring Devices Market - Key Players
- Table 7: Global: Portable Blood Glucose Monitoring Devices Market - Key Players
- Table 8: Global: Portable Anaesthesia Monitoring Devices Market - Key Players
- Table 9: Global: Smart Wrist-Wearables Market - Key Players
- Table 10: Global: Smart Garments Market - Key Players
- Table 11: Global: Chest Straps Market - Key Players
- Table 12: United States: Portable Health Monitoring Devices Market - Key Players
- Table 13: Germany: Portable Health Monitoring Devices Market - Key Players
- Table 14: France: Portable Health Monitoring Devices Market - Key Players
- Table 15: Italy: Portable Health Monitoring Devices Market - Key Players
- Table 16: United Kingdom: Portable Health Monitoring Devices Market - Key Players
- Table 17: China: Portable Health Monitoring Devices Market - Key Players
- Table 18: Japan: Portable Health Monitoring Devices Market - Key Players
- Table 19: Brazil: Portable Health Monitoring Devices Market - Key Players
