Pune, India -- (SBWire) -- 04/10/2019 --Our latest research report entitled Portable Medical Devices Market (by equipment (cardiac, respiratory, independent ageing, hemodynamic, fitness & wellness, insulin pumps, ultrasound, and other), semiconductor components (memory, PMIC, processor, display, sensor, and connectivity)) Industry Analysis, Trends, Size, Share, Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of Portable Medical Devices. Latest information on market risks, industry chain structure Portable Medical Devices cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Portable Medical Devices growth factors.
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The forecast Portable Medical Devices Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Portable Medical Devices on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report, the global portable medical devices market is projected to grow at a CAGR of 9% over the forecast period of 2018-2024.
The portable medical devices market is rapidly expanding. The report defines the global portable medical devices as the non-invasive medical electronic equipment that is used to monitor and control medical conditions. This expanding range of portable devices includes many diverse products, from hand-carried cardiac ultrasound units to portable ventilators. In 2018, BrainScope in partnership with the US Department of Defense has developed a portable electroencephalography (EEG) based medical device, BrainScope One system that records, measures, analyses and displays electrical activity in patients with traumatic brain injury. The key players in the portable medical devices market include Philips Healthcare, GE Healthcare, Medtronic, Spacelabs Healthcare, Omron Healthcare, Texas Instruments, Natus Medical Incorporated, Infineon Technologies, Qualcomm, and Abbott Laboratories.
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Growing Incidences of Chronic Lifestyle Diseases Drives the Growth of the Portable Medical Devices Market
Growing incidences of chronic lifestyle diseases and respiratory medical conditions owing to the increasing unhealthy lifestyle practices such as smoking, consumption of alcohol is driving the growth of the portable medical devices market. The increasing adoption of medical wearables and portable devices in the healthcare industry promotes the growth of this market. These devices offer accurate real-time monitoring, diagnosis and tailored treatment for some types of diabetes and cardiovascular disease. In addition, the shifting trend towards preventive healthcare service facilitates the growth of portable medical devices market. Moreover, the growing advancements in portable medical devices and the emergence of wearable medical devices create growth opportunities for the portable medical devices market.
Cardiac Equipment holds a Significant Share in the Portable Medical Devices Market
The portable medical devices market is segmented into equipment and semiconductor components. The equipment segment is bifurcated to cardiac, respiratory, independent ageing, hemodynamic, fitness & wellness, insulin pumps, ultrasound, and others. The cardiac equipment's holds the maximum market share among the equipment segment owing to the rising occurrences of heart failures and cardiac arrests.
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North America Holds the Maximum Market Share in the Portable Medical Devices Market
Geographically, North America held the maximum market share in the portable medical devices market and is expected to remain dominant region over the forecast period owing to the rise in aging population and diseases caused owing to a sedentary lifestyle. Moreover, the presence of major medical devices manufacturers in this region can further increase the revenue opportunity in this region owing to continuous innovation in the portable medical devices and new product launches. Moreover, people in this region have a high capacity in medical expenditure. Europe is one of the fastest growing regions in the Portable medical devices market owing to the growing adoption of medical technologies. In addition, the Asia Pacific region is expected to gain a rapid development in the portable medical devices market owing to the growth of healthcare infrastructure and booming medical tourism in Asian countries such as India and China.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Portable Medical Devices.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
