The global portable medical and healthcare devices market grew at a CAGR of around 19% during 2014-2019. The health of a citizen directly affects the productivity and growth of a country’s economy. Therefore, the expenditure on maintaining a good health becomes indispensable. A study has revealed a considerable increment in the heart related problems worldwide which often requires treatment paired with constant monitoring. A plethora of diseases have caused people to focus more on prevention rather than the cure which has increased the need for monitoring and brought about a surge in the portable medical devices market. Following a strict fitness regime, they continuously want to monitor their health. Owing to the needs of the people, the growth in science and technology has made it possible by developing portable medical and healthcare devices.
The new report from IMARC group entitled ‘Global Portable Medical and Healthcare Devices Market Report: 2020-2025' maps out a comprehensive analysis of portable medical devices market and its trends globally. It also examines the key market drivers, success factors and challenges associated with it. Portable Medical and Healthcare Devices are designed in a way that allows the medical teams to provide high quality care to the patient immediately, effectively and continuously. Promptly, these devices have helped to impart a sense of empowerment to the patients and health providers alike. They can address and monitor any medical condition right on spot, regardless of the location of the patient or the medical provider. Growing trend of miniaturization of technology, ease of use, cost efficiency and rising awareness have led to a radical increase in the growth of portable medical devices market. Looking forward, the global portable medical and healthcare devices market is expected to continue its strong growth during the next five years.
The global portable medical devices market is predominantly driven by the vital signs monitoring devices. Monitoring the vital signs is important as it provides vital information about the patients’ medical condition and notify about any required interventions. On the other hand, the global healthcare devices market is primarily driven by health and fitness wearable that are activity trackers.
This report has analysed the portable medical and healthcare devices market in the leading countries, namely United States, Germany, France, Italy, UK, China, Japan and Brazil. Due to an advanced technological growth in the region, swelling population of unhealthy and obese people and increasing trend of fitness and sports, United States currently represents the largest portable medical devices market.
This study, which is based on both desk research and qualitative primary research, delves deeply into various aspects of the Global Portable medical and healthcare devices Market that are listed below:
Segmentation by Device Type:
Key Aspects Analysed for each Device:
Segmentation by Country:
Key Aspects Analysed for each Country:
Key Players of the Global Portable Health Monitoring Devices Market:
Philips Healthcare, GE Healthcare, Abbott Laboratories, Fitbit Inc., Garmin, Medtronic.
Key Aspects Analysed for each Company:
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