Portable Medical Electronic Devices Market Exceed valuation of USD 236.81 Billion at a CAGR of 18.00% During the Forecast Period 2029
With the wide-ranging Portable Medical Electronic Devices Market marketing report, it gets easy to make informed decisions that eventually provide maximum ROI from the marketing expenditures. With a well-equipped global delivery center and highly-competent research team, new milestones are consistently created for business research services. This industry report provides beneficial solutions for both startup businesses as well as conventional enterprises with equal care and commitment to quality. The large scale Portable Medical Electronic Devices Market business report helps to gain better understanding of the nuances related to complex information on competitors, consumers, trends, and investments, etc. at the short turnaround time.
Global Portable Medical Electronic Devices Market was valued at USD 63.00 billion in 2021 and is expected to reach USD 236.81 billion by 2029, registering a CAGR of 18.00% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Portable medical devices refer to the electronic equipment that are widely utilized for operating, managing and monitoring medical conditions. These devices transforming more and more portable, compact and light in weight owing to the advancements in microprocessor technology.
The portable medical devices are widely being deployed as advancements in wireless technologies. These devices have enhanced patient’s mobility at hospitals and homes. The increase in technological advancements is escalating the growth of portable medical electronic devices market.
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Portable Medical Electronic Devices Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Geriatric Population
The increase in the geriatric population acts as one of the major factors driving the growth of portable medical electronic devices market as they are more prone to chronic diseases.
Need For Efficient Treatment
The rise in need for efficient treatment in remote, and emerging areas accelerate the market growth.
Lifestyle Diseases
The surge in the prevalence of lifestyle diseases, such as atherosclerosis, heart disease, and stroke further influence the market.
Opportunities
Furthermore, introduction of home healthcare services, telemedicine facilities and nanotechnology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, Technological advancements will further expand the market.
Global Portable Medical Electronic Devices Market Scope and Market Size
The portable medical electronic devices market is segmented on the basis of end users and equipment. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
End Users
Hospitals
Nursing Homes
Physician Offices
Homecare Patient
Others
Equipment
Respiratory Products
Heart Monitors
Pulse Oximeter
Blood Pressure Monitors
Medical Imaging
Others
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Portable Medical Electronic Devices Market Regional Analysis/Insights
The Portable Medical Electronic Devices Market is analysed and market size insights and trends are provided by country, type, application, and portability, mode of operation, gender, end user and distribution channel as referenced above.
The countries covered in the Portable Medical Electronic Devices Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the Portable Medical Electronic Devices Market due to the rise in the healthcare expenses. Furthermore, the advancing healthcare technology and huge patient population will further boost the growth of the Portable Medical Electronic Devices Market in the region during the forecast period.
North America is projected to observe significant amount of growth in the Portable Medical Electronic Devices Market due to the rise in the inclination for hair care devices. Moreover, the growing incidence of the skin disease is further anticipated to propel the growth of the Portable Medical Electronic Devices Market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Portable Medical Electronic Devices Market Share Analysis
The portable medical electronic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to portable medical electronic devices market.
Some of the major players operating in the portable medical electronic devices market are
Medtronic (Ireland),
Koninklijke Philips N.V. (Netherlands),
GENERAL ELECTRONIC COMPANY (US),
Bayer AG (Germany),
Stryker (US),
BD (US),
Abbott (US),
Hoffmann-La Roche Ltd (Switzerland),
Panasonic Corporation (Japan),
Siemens Healthcare GmbH (Germany),
Braun Melsungen AG (Germany),
(Switzerland),
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China),
CONTEC MEDICAL SYSTEMS CO., LTD (China),
Nipro Medical Corporation (US),
GN Hearing A/S, Arjo. (Denmark),
Hill-Rom Services, Inc. (Illinois),
Invacare Corporation. (US),
GF HEALTH PRODUCTS, INC., (US),
Among others.
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Research Methodology: Global Portable Medical Electronic Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
FREQUENTLY ASKED QUESTIONS
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