Portable Medical Devices Market worth $82.82 billion by 2030, growing at a CAGR of 10.31% - Exclusive Report by 360iResearch

The "Portable Medical Devices Market by Product (Fitness & Wellness, Medical Imaging or Diagnostic Imaging, Medical Monitoring), Application (Cardiology, Gastrointestinal, Gynecology), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Portable Medical Devices Market to grow from USD 41.66 billion in 2023 to USD 82.82 billion by 2030, at a CAGR of 10.31%.

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Portable medical devices are compact, lightweight, and user-friendly healthcare equipment designed to track patients' physiological conditions at hospitals, clinics, and home care settings. Its ease of mobility to the operator or users is the primary benefit of increasing its adoption worldwide. These portable devices also monitor health in post-acute, rehabilitation, and chronic cases. The collected health data can be viewed remotely or on a smartphone app via Bluetooth by the user or healthcare professional. Portable medical device use is rapidly expanding in applications such as respiratory, cardiac, fitness & wellness as innovations in wireless technologies have increased patients' mobility. Low-cost sensor technologies, low power consumption, and reliability are critical for driving the demand for portable medical devices that patients can use in their homes. The aging population worldwide and increasing incidences of chronic diseases further create the need for efficient portable medical devices. However, some of the inherent limitations of sensors and portable medical devices can impact their precision and results, hampering the adoption of these devices. New developments in the market focus on research areas such as developing advanced sensor technologies for improved device accuracy and reliability and incorporating AI or machine learning algorithms for better analysis of collected data, enabling personalized care plans. In addition, fostering collaborations with telehealth providers to integrate portable diagnostic tools seamlessly into remote care setups.

The Americas has an advancing landscape in the portable medical devices market, with its strong potential in medical device production and consistent research to improve product quality. Many established medical device companies are headquartered in North America, and the region houses the U.S. FDA, which plays a central role in regulating the safety and efficacy of these medical devices, ensuring high product standards. Home healthcare has become a significant user of portable medical devices in the Americas. Asia also has a well-developed medical device manufacturing industry and is a major medical device exporter globally. They are working on building cost-effective production capabilities to make Asia an attractive manufacturing destination for portable medical devices. Europe has a strong presence in producing high-quality, innovative medical devices, including portable products. Experienced market players in Europe often focus on advanced technologies and comply with their products' quality, as suggested by the regulatory framework of the European Medicines Agency (EMA). The emphasis on telemedicine has boosted the use of portable devices for data collection and patient management.

Market Segmentation & Coverage:

This research report categorizes the Portable Medical Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Fitness & Wellness, Medical Imaging or Diagnostic Imaging, Medical Monitoring, and Medical Therapeutics. The Medical Monitoring is further studied across Cardiac Monitoring, Hemodynamic Monitoring, Neonatal & Fetal Monitoring, Neurological Monitoring, Respiratory Monitoring, and Vital Sign Monitoring. The Fitness & Wellness is projected to witness significant market share during forecast period.

Based on Application, market is studied across Cardiology, Gastrointestinal, Gynecology, Neurology, Orthopedics, Respiratory, and Urology. The Orthopedics is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Ambulatory Care Centers and Hospitals & Clinics. The Hospitals & Clinics is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Portable Medical Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Portable Medical Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Portable Medical Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, AliveCor, Inc., Alpinion Medical Systems Co., Ltd., Avante Health Solutions, aXcent Medical GmbH, Baxter International, Inc., Becton, Dickinson, and Company, Boston Scientific Corporation, Ceribell, Inc., Cognivue, Inc., Comen, Contec Medical Systems Co., Ltd., GE HealthCare Technologies Inc., Hologic, Inc., iRhythm Technologies, Inc., Janitri Innovations Private Limited, Koninklijke Philips N.V., Lepu Medical Technology(Beijing)Co.,Ltd., Medtronic PLC, Molbio Diagnostics Pvt. Ltd., Natus Medical Incorporated, Omron Healthcare, Inc., PocketECG by Medicalgorithmics S.A., Resonetics by Regatta Medical, SHL Telemedicine USA, Inc., Siemens Healthineers AG, Spacelabs Healthcare, Inc. by OSI Systems, Inc., Stratus, Viatom Technology Co., Ltd., and ZOLL Medical Corporation by Asahi Kasei Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Portable Medical Devices Market, by Product
7. Portable Medical Devices Market, by Application
8. Portable Medical Devices Market, by End-User
9. Americas Portable Medical Devices Market
10. Asia-Pacific Portable Medical Devices Market
11. Europe, Middle East & Africa Portable Medical Devices Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Portable Medical Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Portable Medical Devices Market?
3. What is the competitive strategic window for opportunities in the Portable Medical Devices Market?
4. What are the technology trends and regulatory frameworks in the Portable Medical Devices Market?
5. What is the market share of the leading vendors in the Portable Medical Devices Market?
6. What modes and strategic moves are considered suitable for entering the Portable Medical Devices Market?

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