Acumen Research and Consulting has published a new report titled “Portable Medical Devices Market (By Product: Diagnostic Imaging [CT, X-ray, Ultrasound, Endoscope], Therapeutics [Insulin Pump, Nebulizer, Oxygen Concentrator, Image-guided Therapy Systems] Monitoring Devices [Cardiac Monitoring {Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, (Electrocardiography) ECG Management Systems, Electroencephalography (EEG) Machines, Electromyography (EMG) Machines, Intracranial pressure (ICP) Monitors, Magnetoencephalography (MEG) Machines, Cerebral Oximeters, Capnographs, Spirometers, Peak Flow Meters, Fetal Monitoring}, Smart Wearable Medical Devices) - Global Industry Analysis, Market Size, Opportunities and Forecast 2018 - 2026’
LOS ANGELES, Jan. 21, 2019 (GLOBE NEWSWIRE) -- The global portable medical devices market size is anticipated to reach USD 86.3 billion by 2026, registering at a CAGR growth of 9.2% over the forecast period. Rising deployment of small, lightweight, and handheld gadgets for instance, spirometers that aid in diagnosing the respiratory diseases is expected to deliver important traction to global market during the coming years.
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Additionally, upward trend of preventive healthcare and consequently increasing acceptance of smart wearable’s are among other parameters increasing development of the market for portable medical devices. Smart watches and fitness trackers display features that offer healthcare advantages. Wearables compute data from daily activities of operators. This data can be deployed by the physicians to decide a cure plan.
Increasing geriatric population paired with high occurrence of chronic diseases is also expected to drive the market. Increasing acceptance of portable gadgets for instance, respiratory monitoring, cardiac monitoring, and image-guided therapy systems for the management of chronic conditions for instance, respiratory diseases, diabetes, and cardiovascular diseases, and is expected to boost well for market development in near future. As per,(ACS) American Cancer Society estimations from 2012, the global occurrence of cancer is anticipated to reach closely 21.7 million by 2030. This is expected to boost need for progressive imaging and therapeutic technologies, which, in turn, is anticipated to boost the market.
Developing burden of chronic diseases combined with ascent of preventive healthcare is additionally expected to decidedly affect the market for versatile restorative gadgets in the approaching years. Rising geriatric populace, evolving way of life, undesirable dietary patterns, and ecological variables increment weight of infections. Rising requirement for observing physical exercises of people for early conclusion or anticipation of illnesses is relied upon to drive interest for wellness gadgets.
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Rising selection of wearable gadgets and other convenient innovations is one of the key components boosting extension of the market. These gadgets monitor physical exercises of patients continuously. Additionally, their application in remote patient checking lessens social insurance cost, which thus, is anticipated to drive the interest in not so distant future. Moreover, wearables help in assessing the execution, physiological parameters, and body kinematics of competitors. Consequently, rising reception among expert competitors is additionally expected to decidedly impact the market development.
The global portable medical devices market is segmented into product, application and region. On the basis of product the global portable medical devices market is segmented into diagnostic imaging, therapeutics, monitoring devices, and smart wearable medical devices. Diagnostic Imaging is further bifurcated into CT, X-ray, ultrasound, and endoscope. Therapeutics is further bifurcated into Insulin pump, nebulizer, oxygen concentrator, and image-guided therapy systems. Monitoring Devices is bifurcated into Cardiac Monitoring (Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, and (Electrocardiography) ECG Management Systems), Neuro Monitoring (Electroencephalography (EEG) Machines, Electromyography (EMG) Machines, Intracranial pressure (ICP) Monitors, Magneto encephalography (MEG) Machines, and cerebral Oximeters), Respiratory Monitoring (Capnographs, Spirometers, and Peak Flow Meters), Fetal Monitoring, Neonatal Monitoring, Hemodynamic Monitoring Systems, and Vital Sign Monitors. On the basis of application the global portable medical devices market is segmented into gynecology, cardiology, gastro intestinal, urology, neurology, respiratory, orthopedics, and others. On the basis of region the global Portable Medical Devices market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
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North America held the biggest income offer of 41.7% in 2017. High appropriation of mechanically propelled gadgets, high treatment rates, and strong government activities for early conclusion of illnesses are among few variables development drivers for the market. A case of government activities in the region of imaging is the Cancer Imaging Program started by the National Cancer Institute. This program is gone for advancing and supporting malignancy related essential, clinical, and translational research in imaging and innovation. It is likewise gone for creating, incorporating, and applying these imaging advancements for clinical administration of cancer.
The key players catering to the global Portable Medical Devices Market F. Hoffmann-La Roche Ltd General Electric Company, Koninklijke Philips N.V, OMRON Corporation, Medtronic, and Samsung. The global players are continuously investing in R&D and innovating new product portfolio to attract more and more business opportunity from the emerging nation such as India and China. Also, Increasing R&D investments coupled with technological advancements to commercialize highly efficient products are anticipated to offer lucrative opportunities for industry participants.
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