PUBLISHER: Lucintel | PRODUCT CODE: 1386994
PUBLISHER: Lucintel | PRODUCT CODE: 1386994
Portable Medical Devices Trends and Forecast
The future of the global portable medical device market looks promising with opportunities in the gynecology, cardiology, gastrointestinal, urology, neurology, respiratory, orthopedics markets. The global portable medical device market is expected to reach an estimated $112.9 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are increasing prevalence of chronic diseases, surge in geriatric population, and growing demand for portable medical devices and wearable electronics.
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Portable Medical Devices by Segment
The study includes a forecast for the global portable medical devices by product, application, ,, and region
Portable Medical Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:
Portable Medical Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Portable Medical Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Portable Medical Devices Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies portable medical device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the portable medical device companies profiled in this report include-
Portable Medical Device Market Insights
Lucintel forecasts that diagnostic imaging is expected to witness highest growth over the forecast period due to growing adoption of X-ray, CT scans, and handheld ultrasound in healthcare settings.
Within this market, cardiology will remain the largest segment due to on-going technological advancements and new product development in cardiology.
North America will remain the largest region over the forecast period due to increasing penetration of diagnostic, therapeutic, and monitoring portable medical devices for disease management and surging geriatric population in the region.
Features of the Global Portable Medical Device Market
Market Size Estimates: Portable medical device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Portable medical device market size by product, application, and region in terms of value ($B).
Regional Analysis: Portable medical device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the portable medical device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the portable medical device market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the portable medical device market size?
Answer: The global portable medical device market is expected to reach an estimated $112.9 billion by 2030.
Q.2 What is the growth forecast for portable medical device market?
Answer: The global portable medical device market is expected to grow with a CAGR of 9.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the portable medical device market?
Answer: The major drivers for this market are increasing prevalence of chronic diseases, surge in geriatric population, and growing demand for portable medical devices and wearable electronics.
Q4. What are the major segments for portable medical device market?
Answer: The future of the portable medical device market looks promising with opportunities in the gynecology, cardiology, gastrointestinal, urology, neurology, respiratory, orthopedics markets.
Q5. Who are the key portable medical device market companies?
Answer: Some of the key portable medical devices companies are as follows:
Q6. Which portable medical device market segment will be the largest in future?
Answer: Lucintel forecasts that diagnostic imaging is expected to witness highest growth over the forecast period due to growing adoption of X-ray, CT scans, and handheld ultrasound in healthcare settings.
Q7. In portable medical device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing penetration of diagnostic, therapeutic, and monitoring portable medical devices for disease management and surging geriatric population in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.