Market Overview:
The global portable medical equipment market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable medical devices owing to their ease of use and portability. Portable patient monitoring devices are expected to witness the highest growth during the forecast period, followed by portable imaging devices and hearing aids. The increasing prevalence of chronic diseases, such as diabetes and heart disease, is also driving the demand for portable medical equipment. Geographically, North America is expected to lead the global market for portable medical equipment due to technological advancements in this region and rising awareness about these devices among patients and healthcare professionals alike. Asia Pacific is projected to be the fastest-growing region during the forecast period owingto growing population baseand rising disposable income levels in countries such as Chinaand India .
Product Definition:
Portable medical equipment is any type of equipment that can be easily transported and used in a variety of settings, including hospitals, clinics, and even patients' homes. This type of equipment is important because it allows healthcare professionals to provide treatment to patients in a variety of locations. Additionally, portable medical equipment can often be used for diagnostic purposes or to monitor patients' health status.
Portable Medical Imaging Devices:
Portable medical imaging devices are the equipment that is used to diagnose or treat a disease, injury or disorder by non-invasive methods. It includes X-ray machines, Computed Tomography (CT) scanners, ultrasound machines and Magnetic Resonance Imaging (MRI) units. The global portable medical imaging market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Portable Patient Monitoring Devices:
The global portable patient monitoring devices and it's usage in the market for portable medical equipment is expected to grow at a lucrative rate during the forecast period. The factors that propel its growth include growing geriatric population base, rising prevalence of chronic diseases such as diabetes, high blood pressure & cholesterol levels among others coupled with increasing demand for home healthcare services.
Global Portable Patient Monitoring Devices.
Application Insights:
The hospitals segment dominated the global portable medical equipment market in 2017, accounting for more than 60.0% share of the overall revenue. The hospital segment is expected to witness significant growth over the forecast period owing to an increase in demand for minimally invasive surgeries and rising incidences of chronic diseases requiring long-term care at a time when there are fewer hospital beds available around the world. As per WHO, in 2016, approximately 648 million people were admitted to a health facility during any given year worldwide; out of which 52% were diagnosed with some form of disability due to illness or injury and required some form of long-term care at home after discharge from a healthcare facility. This has ledto an increase in demand for mobility devices that help patients get around easily while undergoing treatment without assistance or support from others.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels regarding portable medical devices, and favorable reimbursement policies are some of the major factors responsible for its large share. In addition, increasing R&D investments by companies to develop advanced products is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income and improving healthcare infrastructure in emerging countries such as China and India. Furthermore, an increase in chronic diseases prevalence rates coupled with a rise in demand for technologically advanced devices will support regional market development during the same period. ‘’The Portable Patient Protection And Affordable Care Act (PPACA) also known as Obamacare forces hospitals across U.S.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the increasing prevalence of lifestyle diseases, technological advancements in surgical procedures, and rising healthcare expenditure. Portable medical equipment finds extensive application in minimally invasive surgeries as they are easy to operate and can be easily transported from one place to another.
- Growing geriatric population: The global geriatric population is expected to reach 1.6 billion by 2020, accounting for nearly 20% of the world’s population. This growing segment of the population is more susceptible to various health conditions such as heart disease, stroke, cancer, and diabetes which require regular monitoring and treatment. Portable medical equipment helps provide timely diagnosis and treatment for these patients, thus driving market growth over the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Medical Equipment Market Research Report
By Type
Portable Medical Imaging Devices, Portable Patient Monitoring Devices, Hearing Aids, Insulin Pumps
By Application
Hospitals, Clinics, Household, Other
By Companies
Abbott laboratories, GE Healthcare, Sonova, Animas, Philips Healthcare, Medronic, MinXray, Briggs Healthcare, Siemens Healthcare, Tandem Diabetes Care, Guangdong Biolight Meditech, GN Store Nord, Contec Medical Systems, Carestream Health, Starkey Hearing Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Portable Medical Equipment Market Report Segments:
The global Portable Medical Equipment market is segmented on the basis of:
Types
Portable Medical Imaging Devices, Portable Patient Monitoring Devices, Hearing Aids, Insulin Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Household, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott laboratories
- GE Healthcare
- Sonova
- Animas
- Philips Healthcare
- Medronic
- MinXray
- Briggs Healthcare
- Siemens Healthcare
- Tandem Diabetes Care
- Guangdong Biolight Meditech
- GN Store Nord
- Contec Medical Systems
- Carestream Health
- Starkey Hearing Technologies
Highlights of The Portable Medical Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Medical Imaging Devices
- Portable Patient Monitoring Devices
- Hearing Aids
- Insulin Pumps
- By Application:
- Hospitals
- Clinics
- Household
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Medical Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Portable medical equipment is any type of medical equipment that can be moved from one place to another. This includes everything from wheelchairs to oxygen tanks.
Some of the major players in the portable medical equipment market are Abbott laboratories, GE Healthcare, Sonova, Animas, Philips Healthcare, Medronic, MinXray, Briggs Healthcare, Siemens Healthcare, Tandem Diabetes Care, Guangdong Biolight Meditech, GN Store Nord, Contec Medical Systems, Carestream Health, Starkey Hearing Technologies.
The portable medical equipment market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Medical Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Medical Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Medical Equipment Market - Supply Chain
4.5. Global Portable Medical Equipment Market Forecast
4.5.1. Portable Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Medical Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Medical Equipment Market Absolute $ Opportunity
5. Global Portable Medical Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Portable Medical Equipment Market Size and Volume Forecast by Type
5.3.1. Portable Medical Imaging Devices
5.3.2. Portable Patient Monitoring Devices
5.3.3. Hearing Aids
5.3.4. Insulin Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Medical Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Portable Medical Equipment Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Household
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Medical Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Portable Medical Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Portable Medical Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Portable Medical Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Portable Medical Equipment Demand Share Forecast, 2019-2026
9. North America Portable Medical Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Portable Medical Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Portable Medical Equipment Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Household
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Medical Equipment Market Size and Volume Forecast by Type
9.7.1. Portable Medical Imaging Devices
9.7.2. Portable Patient Monitoring Devices
9.7.3. Hearing Aids
9.7.4. Insulin Pumps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Portable Medical Equipment Demand Share Forecast, 2019-2026
10. Latin America Portable Medical Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Portable Medical Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Portable Medical Equipment Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Household
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Medical Equipment Market Size and Volume Forecast by Type
10.7.1. Portable Medical Imaging Devices
10.7.2. Portable Patient Monitoring Devices
10.7.3. Hearing Aids
10.7.4. Insulin Pumps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Portable Medical Equipment Demand Share Forecast, 2019-2026
11. Europe Portable Medical Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Portable Medical Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Portable Medical Equipment Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Household
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Medical Equipment Market Size and Volume Forecast by Type
11.7.1. Portable Medical Imaging Devices
11.7.2. Portable Patient Monitoring Devices
11.7.3. Hearing Aids
11.7.4. Inulin Pumps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Portable Medical Equipment Demand Share, 2019-2026
12. Asia Pacific Portable Medical Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Portable Medical Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Portable Medical Equipment Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Household
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Medical Equipment Market Size and Volume Forecast by Type
12.7.1. Portable Medical Imaging Devices
12.7.2. Portable Patient Monitoring Devices
12.7.3. Hearing Aids
12.7.4. Insulin Pumps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Portable Medical Equipment Demand Share, 2019-2026
13. Middle East & Africa Portable Medical Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Portable Medical Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Portable Medical Equipment Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Household
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Medical Equipment Market Size and Volume Forecast by Type
13.7.1. Portable Medical Imaging Devices
13.7.2. Portable Patient Monitoring Devices
13.7.3. Hearing Aids
13.7.4. Insulin Pumps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Portable Medical Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Medical Equipment Market: Market Share Analysis
14.2. Portable Medical Equipment Distributors and Customers
14.3. Portable Medical Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Abbott laboratories
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sonova
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Animas
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Philips Healthcare
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Medronic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MinXray
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Briggs Healthcare
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens Healthcare
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tandem Diabetes Care
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Guangdong Biolight Meditech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GN Store Nord
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Contec Medical Systems
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Carestream Health
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Starkey Hearing Technologies
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook