The global Portable Medical Devices market is anticipated to grow significantly at a CAGR of 8.2% over the forecast period. The global portable medical devices market is segmented on the basis of product type and end-users. Based on the product type, the market is segmented as monitoring devices, diagnosing devices, therapeutic devices, and fitness & wellness devices. The monitoring devices segment of the market is projected to hold the most substantial share in the global market. Based on the end-users, the market is segmented as hospitals, clinics, homecare, and others. The homecare segment of the market is projected to hold the most substantial share in the global market.
The segmental growth of the market is accredited to the increased adoption of home-based monitoring devices by consumers for remote monitoring. Besides, the companies operating in the market are also contributing to the segmental growth by launching various easy to use, and hassle-free homecare medical devices. For an instance, Abbott Laboratories offers a Freestyle Libre System that provides relief from routine finger-prick testing of glucose. The sensor present in the glucose monitoring system automatically measures and continuously stores glucose readings day and night. It offers glucose readings with a painless one-second scan even through users’ clothing. Hence, such launches by the companies are likely to aid the growth of the market during the forecast period.
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Market Coverage
- Market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2022-2030
- Segment Covered- By Product Type and End-User
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Abbott Laboratories Inc., F. Hoffmann-La Roche AG, GE Healthcare, Medtronic Plc, Natus Medical Inc., Omron Corp., Philips Healthcare NV, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Siemens Healthineers AG, and Texas Instruments Inc. among others
Portable Medical Devices Market – Segmentation
By Product Type
- Monitoring Devices
- Diagnosing Devices
- Therapeutic Devices
- Fitness & Wellness Devices
By End-User
- Hospitals
- Clinics
- Homecare
- Others
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Portable Medical Devices Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Abbott Laboratories Inc.
- CareFusion Corp.
- Covidien Plc
- Hoffmann-La Roche AG
- Freescale Semiconductor Inc.
- GE Healthcare
- Maxim Integrated
- Medtronic Plc
- Natus Medical Inc.
- Omron Corp.
- ON Semiconductor Corp.
- Philips Healthcare NV
- Qualcomm Technologies, Inc.
- Renesas Electronics Corp.
- Samsung Electronics Co., Ltd.
- Siemens Healthineers AG
- STMicroelectronics N.V.
- Texas Instruments Inc.
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