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Global Portable Medical and Healthcare Devices Market: By Type: Medical Monitoring Devices, Wearable Health and Fitness Devices; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Portable Medical and Healthcare Devices Market Outlook

The global portable medical and healthcare devices market stood at a value of USD 53.47 billion in 2019. The market is projected to witness a CAGR of 17.2% over the forecast period of 2020-2025 to reach a value of USD 138.6 billion by 2025. 

Based on the type, the medical monitoring devices segment accounted for the majority of the market share in 2019. The segment growth is attributed to the technological advancements such as compact design and mobility, new product approvals, and increasing demand from healthcare centres. Also, the wearable health and fitness devices are expected to register the fastest CAGR over the forecast period, owing to the rising demand for smart wristbands that leads to continuous health monitoring.

Regionally, the United States holds the leading position in the market in 2019, accounting for the majority of the total market share. The rise in disposable income, well-established healthcare infrastructure, and a high prevalence of cardiac disease are expected to fuel the demand for the market in the country.

 

Properties and Applications 

Portable medical and healthcare devices are wireless communication interfaces that consume less power, cost-effective, and have long battery life. These devices are designed to offer a sophisticated user interface among patients. The growing trend of miniaturisation and the rising health awareness have led to a lucrative growth of the market. 

The major types of the products in the market are:

  • Medical Monitoring Devices
  • Vital Signs Monitoring Devices
  • Cardiac Monitoring Devices
  • Respiratory Monitoring Devices
  • Wearable BP Monitors
  • Pulse Oximetry Devices
  • Foetal Monitoring Devices
  • Neuromonitoring Devices
  • Blood Glucose Monitoring Devices
  • Anaesthesia Monitoring Devices
  • Wearable Health and Fitness Devices
  • Smart Wrist-Wearables
  • Smart Garments
  • Chest Straps

The EMR report looks into the major regions for portable medical and healthcare devices like North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific.

 

Market Analysis 

A significant growth in the geriatric population and the rising demand for wearable activity trackers are the prime factors attributing to the market growth. Moreover, increasing research and development (R&D), and technological advancements are further expected to influence the market growth during the forecast period. In addition, health-conscious users are widely utilising smart fitness wearable devices to monitor their heart rate and improve their overall health, which is further creating a positive outlook for the market. The portable medical and healthcare devices find their application in remote patient monitoring, which helps in reducing healthcare costs, which, in turn, is projected to drive the demand in the coming years. Additionally, wearables aid in evaluating the performance, physiological parameters, and body kinematics of athletes. Thus, increasing adoption among professional athletes is also expected to fuel the market growth. The rising number of product approvals and subsequent product launches is further anticipated to boost up the market growth over the years to come. 

 

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global portable medical and healthcare devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Koninklijke Philips N.V.
  • Medtronic plc
  • General Electric Company
  • Abott
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Portable Medical and Healthcare Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Portable Medical and Healthcare Devices Historical Market (2015-2019) 
    8.3    Global Portable Medical and Healthcare Devices Market Forecast (2020-2025)
    8.4    Global Portable Medical and Healthcare Devices Market by Type
        8.4.1    Medical Monitoring Devices
            8.4.1.1    Vital Signs Monitoring Devices
                8.4.1.1.1    Cardiac Monitoring Devices
                    8.4.1.1.1.1    Market Share
                    8.4.1.1.1.2    Historical Trend (2015-2019)
                    8.4.1.1.1.3    Forecast Trend (2020-2025)
                8.4.1.1.2    Respiratory Monitoring Devices
                    8.4.1.1.2.1    Market Share
                    8.4.1.1.2.2    Historical Trend (2015-2019)
                    8.4.1.1.2.3    Forecast Trend (2020-2025)
                8.4.1.1.3    Wearable BP Monitors
                    8.4.1.1.3.1    Market Share
                    8.4.1.1.3.2    Historical Trend (2015-2019)
                    8.4.1.1.3.3    Forecast Trend (2020-2025)
                8.4.1.1.4    Pulse Oximetry Devices
                    8.4.1.1.4.1    Market Share
                    8.4.1.1.4.2    Historical Trend (2015-2019)
                    8.4.1.1.4.3    Forecast Trend (2020-2025)
            8.4.1.2    Foetal Monitoring Devices
                8.4.1.2.1    Market Share
                8.4.1.2.2    Historical Trend (2015-2019)
                8.4.1.2.3    Forecast Trend (2020-2025)
            8.4.1.3    Neuromonitoring Devices
                8.4.1.3.1    Market Share
                8.4.1.3.2    Historical Trend (2015-2019)
                8.4.1.3.3    Forecast Trend (2020-2025)
            8.4.1.4    Blood Glucose Monitoring Devices
                8.4.1.4.1    Market Share
                8.4.1.4.2    Historical Trend (2015-2019)
                8.4.1.4.3    Forecast Trend (2020-2025)
            8.4.1.5    Anaesthesia Monitoring Devices
                8.4.1.5.1    Market Share
                8.4.1.5.2    Historical Trend (2015-2019)
                8.4.1.5.3    Forecast Trend (2020-2025)
        8.4.2    Wearable Health and Fitness Devices
            8.4.2.1    Smart Wrist-Wearables
                8.4.2.1.1    Market Share
                8.4.2.1.2    Historical Trend (2015-2019)
                8.4.2.1.3    Forecast Trend (2020-2025)
            8.4.2.2    Smart Garments
                8.4.2.2.1    Market Share
                8.4.2.2.2    Historical Trend (2015-2019)
                8.4.2.2.3    Forecast Trend (2020-2025)
            8.4.2.3    Chest Straps
                8.4.2.3.1    Market Share
                8.4.2.3.2    Historical Trend (2015-2019)
                8.4.2.3.3    Forecast Trend (2020-2025)
    8.5    Global Portable Medical and Healthcare Devices Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    Koninklijke Philips N.V.,   
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    Medtronic plc
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    General Electric Company
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    Abott
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications
        12.3.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Portable Medical and Healthcare Devices Market: Key Industry Highlights, 2015 and 2025
2.    Global Portable Medical and Healthcare Devices Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Portable Medical and Healthcare Devices Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Portable Medical and Healthcare Devices Historical Market: Breakup by Region (USD Billion), 2015-2019
5.    Global Portable Medical and Healthcare Devices Market Forecast: Breakup by Region (USD Billion), 2020-2025
6.    North America Portable Medical and Healthcare Devices Historical Market: Breakup by Country (USD Billion), 2015-2019
7.    North America Portable Medical and Healthcare Devices Market Forecast: Breakup by Country (USD Billion), 2020-2025
8.    Europe Portable Medical and Healthcare Devices Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    Europe Portable Medical and Healthcare Devices Market Forecast: Breakup by Country (USD Billion), 2020-2025
10.    Asia Pacific Portable Medical and Healthcare Devices Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    Asia Pacific Portable Medical and Healthcare Devices Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Latin America Portable Medical and Healthcare Devices Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Latin America Portable Medical and Healthcare Devices Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Middle East and Africa Portable Medical and Healthcare Devices Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Middle East and Africa Portable Medical and Healthcare Devices Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Global Portable Medical and Healthcare Devices Market Structure

Key Questions Answered in the Report

In 2019, the global portable medical and healthcare devices market attained a value of nearly USD 53.47 billion. 

The market is projected to grow at a CAGR of 17.2% between 2020 and 2025.

By 2025, the market is expected to reach a value of USD 138.6 billion.

The major drivers of the industry, such as the growing demand for convenient and portable medical devices, rising disposable incomes, the growing prevalence of lifestyle-related disorders, increasing acceptance of technology, rising product demand from the developing regions, and growing technological advancements, are expected to aid the market growth.

The key trends guiding the growth of the market include the growing research and development activities and new product launches.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. Country-wise, the United States occupies the largest share in the industry. 

The medical monitoring devices segment is the leading portable medical and healthcare device type in the industry.

The major players in the industry are Koninklijke Philips N.V., Medtronic plc, General Electric Company, and Abott, among others.

Analyst Review

The global portable medical and healthcare devices market attained a value of USD 53.47 billion in 2019, driven by growing demand for convenient and wearable healthcare devices and rapid technological advancements. Aided by new product launches, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 17.2% to attain a value of USD 138.6 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the portable medical and healthcare devices industry can be segmented into medical monitoring devices and wearable health and fitness devices, with the medical monitoring devices segment accounting for the largest market share. The major regional markets for portable medical and healthcare devices are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Koninklijke Philips N.V., Medtronic plc, General Electric Company, and Abott, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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