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Global Portable Medical and Healthcare Devices Market Report: 2023-2028

June 2023 | 139 pages | ID: G80A7CF17E7EN
IMARC Group

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Market Overview:

The global portable medical and healthcare devices market size reached US$ 85.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 218.2 Billion by 2028, exhibiting a growth rate (CAGR) of 16.9% during 2023-2028. The growing occurrence of various chronic diseases, rising advancements in improving treatment methods and diagnostic processes, and increasing geriatric population represent some of the key factors driving the market. 

Portable medical and healthcare devices refer to various electronic equipment that comprises automated insulin pumps, blood pressure monitors, glucose monitoring systems, ultrasound machines, digital thermometers, and electrocardiogram (ECG) machines. These devices are essential for tracking and monitoring different health parameters of patients. They also include otoscopes, which shine a beam of light to help visualize and examine the condition of the ear canal and eardrum. They provide continuous non-invasive monitoring of various vital parameters through connectivity. They also enable healthcare providers to acquire real-time updates on the condition of patients under critical care. They offer accurate and instant diagnoses of various health complications, such as fever, cold, diabetes, high or low blood pressure, and infections caused by various pathogens. They improve patient throughput and allow healthcare providers to attend to a large number of patients without impacting their efficiency. Furthermore, portable medical and healthcare devices eliminate the requirement of transporting critical care and vulnerable patients from one facility to another for imaging purposes.

Portable Medical and Healthcare Devices Market Trends:

At present, the increasing demand for portable medical and healthcare devices, as they are lightweight, compact, and cost-efficient, represents one of the primary factors influencing the market positively. Besides this, the rising utilization of portable ultrasounds equipped with advanced imaging capabilities for high-contrast resolution and image optimization and for taking 2D, 3D, and 4D imaging is propelling the growth of the market. In addition, the growing occurrence of various chronic diseases among the masses, along with the increasing geriatric population around the world, is offering a favorable market outlook. Apart from this, governing agencies of various countries are investing in the healthcare sector to increase the number of hospitals, nursing homes, and clinics and provide quality healthcare services to individuals. Additionally, the rising advancements in improving treatment methods and diagnostic processes for various life-threatening conditions are contributing to the growth of the market. Moreover, the increasing adoption of various wireless monitoring devices and wearable devices by doctors, surgeons, and nurses is supporting the market growth. Furthermore, the rising utilization of portable medical and healthcare devices among patients, as they offer user-friendly features and a sophisticated user interface (UI), is bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global portable medical and healthcare devices market report, along with forecasts at the global and country level from 2023-2028. Our report has categorized the market based on type.

Type Insights:

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 report has provided a detailed breakup and analysis of the portable medical and healthcare devices market based on the type. This includes medical monitoring devices (vital signs monitoring devices (cardiac monitoring devices, respiratory monitoring devices, wearable BP monitors, and pulse oximetry devices), foetal monitoring devices, neuromonitoring devices, blood glucose monitoring devices, and anaesthesia monitoring devices) and wearable health and fitness devices (smart wrist-wearables, smart garments, and chest straps). According to the report, cardiac monitoring devices represented the largest segment.

Regional Insights:

United States
Germany
France
Italy
United Kingdom
China
Japan
Brazil

The report has also provided a comprehensive analysis of all the major regional markets, which include United States, Germany, France, Italy, The United Kingdom, China, Japan, and Brazil. According to the report, United States was the largest market for portable medical and healthcare devices. Some of the factors driving the United States portable medical and healthcare devices market included the increasing geriatric population, rising technological advancements in treatment procedures, high healthcare expenditure, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global portable medical and healthcare devices market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered Philips Healthcare, GE Healthcare, Abbott Laboratories, Fitbit Inc., Garmin, Medtronic, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global portable medical and healthcare devices market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global portable medical and healthcare devices market?
What is the impact of each driver, restraint, and opportunity on the global portable medical and healthcare devices market?
Which countries represent the most attractive portable medical and healthcare devices market?
What is the breakup of the market based on the type?
Which is the most attractive type in the portable medical and healthcare devices market?
What is the competitive structure of the global portable medical and healthcare devices market?
Who are the key players/companies in the global portable medical and healthcare devices market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION AND SCOPE

4.1 Healthcare and Medical Devices
4.2 Classification of Medical Devices

5 WHAT DRIVES THE GLOBAL PORTABLE HEALTH MONITORING DEVICES MARKET

5.1 Increase in Aging Population
5.2 Growing Lifestyle Diseases
5.3 Ease of Use
5.4 Cost Efficiency
5.5 Technological Advancement
5.6 Emerging Markets
5.7 Growing Awareness

6 SWOT ANALYSIS

6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats

7 VALUE CHAIN ANALYSIS

8 PORTER’S FIVE FORCES ANALYSIS

8.1 Bargaining Power of Suppliers
8.2 Bargaining Power of Consumers
8.3 Threat of Substitutes
8.4 Threat of New Entrants
8.5 Competitive Rivalry

9 GLOBAL PORTABLE HEALTH MONITORING DEVICES MARKET

9.1 Historical and Current Market Trends
9.2 Impact of COVID-19
9.3 Market Forecast

10 MARKET SEGMENTATION BY TYPE

10.1 Medical Monitoring Devices
  10.1.1 Vital Signs Monitoring Devices
    10.1.1.1 Cardiac Monitoring Devices
      10.1.1.1.1 Historical, Current and Future Market Trends
      10.1.1.1.2 Competitive Landscape
    10.1.1.2 Respiratory Monitoring Devices
      10.1.1.2.1 Historical, Current and Future Market Trends
      10.1.1.2.2 Competitive Landscape
    10.1.1.3 Wearable BP Monitors
      10.1.1.3.1 Historical, Current and Future Market Trends
      10.1.1.3.2 Competitive Landscape
    10.1.1.4 Pulse Oximetry Devices
      10.1.1.4.1 Historical, Current and Future Market Trends
      10.1.1.4.2 Competitive Landscape
  10.1.2 Foetal Monitoring Devices
    10.1.2.1 Historical, Current and Future Market Trends
    10.1.2.2 Competitive Landscape
  10.1.3 Neuromonitoring Devices
    10.1.3.1 Historical, Current and Future Market Trends
    10.1.3.2 Competitive Landscape
  10.1.4 Blood Glucose Monitoring Devices
    10.1.4.1 Historical, Current and Future Market Trends
    10.1.4.2 Competitive Landscape
  10.1.5 Anaesthesia Monitoring Devices
    10.1.5.1 Historical, Current and Future Market Trends
    10.1.5.2 Competitive Landscape
10.2 Wearable Health and Fitness Devices
  10.2.1 Smart Wrist-Wearables
    10.2.1.1 Historical, Current and Future Market Trends
    10.2.1.2 Competitive Landscape
  10.2.2 Smart Garments
    10.2.2.1 Historical, Current and Future Market Trends
    10.2.2.2 Competitive Landscape
  10.2.3 Chest Straps
    10.2.3.1 Historical, Current and Future Market Trends
    10.2.3.2 Competitive Landscape

11 MARKET SEGMENTATION BY MAJOR COUNTRIES

11.1 Current and Future Market Share by Major Countries
11.2 Global Portable Health Monitoring Devices Market: Country wise Analysis
  11.2.1 United States
    11.2.1.1 Overview
    11.2.1.2 Historical, Current and Future Market Trends
    11.2.1.3 Key Players
  11.2.2 Germany
    11.2.2.1 Overview
    11.2.2.2 Historical, Current and Future Market Trends
    11.2.2.3 Key Players
  11.2.3 France
    11.2.3.1 Overview
    11.2.3.2 Historical, Current and Future Market Trends
    11.2.3.3 Key Players
  11.2.4 Italy
    11.2.4.1 Overview
    11.2.4.2 Historical, Current and Future Market Trends
    11.2.4.3 Key Players
  11.2.5 United Kingdom
    11.2.5.1 Overview
    11.2.5.2 Historical, Current and Future Market Trends
    11.2.5.3 Key Players
  11.2.6 China
    11.2.6.1 Overview
    11.2.6.2 Historical, Current and Future Market Trends
    11.2.6.3 Key Players
  11.2.7 Japan
    11.2.7.1 Overview
    11.2.7.2 Historical, Current and Future Market Trends
    11.2.7.3 Key Players
  11.2.8 Brazil
    11.2.8.1 Overview
    11.2.8.2 Historical, Current and Future Market Trends
    11.2.8.3 Key Players

12 GLOBAL PORTABLE HEALTH MONITORING DEVICES MARKET: KEY PLAYERS

12.1 Philips Healthcare
  12.1.1 Company Overview
  12.1.2 Product Portfolio
  12.1.3 Financial Overview
12.2 GE Healthcare
  12.2.1 Company Overview
  12.2.2 Product Portfolio
  12.2.3 Financial Overview
12.3 Abbott Laboratories
  12.3.1 Company Overview
  12.3.2 Product Portfolio
  12.3.3 Financial Overview
12.4 Fitbit Inc.
  12.4.1 Company Overview
  12.4.2 Product Portfolio
  12.4.3 Financial Overview
12.5 Garmin
  12.5.1 Company Overview
  12.5.2 Product Portfolio
  12.5.3 Financial Overview
12.6 Medtronic
  12.6.1 Company Overview
  12.6.2 Product Portfolio
  12.6.3 Financial Overview

13 MARKET CHALLENGES

13.1 Connectivity Problems
13.2 Regulatory Compliance
13.3 Security Issues
13.4 Intense Competition
13.5 Other Challenges

LIST OF TABLES

Table 1: Global: Portable Cardiac Monitoring Devices Market - Key Players
Table 2: Global: Portable Respiratory Monitoring Devices Market - Key Players
Table 3: Global: Wearable BP Monitoring Devices Market - Key Players
Table 4: Global: Pulse Oximetry Devices Market - Key Players
Table 5: Global: Portable Foetal Monitoring Devices Market - Key Players
Table 6: Global: Portable Neuromonitoring Devices Market - Key Players
Table 7: Global: Portable Blood Glucose Monitoring Devices Market - Key Players
Table 8: Global: Portable Anaesthesia Monitoring Devices Market - Key Players
Table 9: Global: Smart Wrist-Wearables Market - Key Players
Table 10: Global: Smart Garments Market - Key Players
Table 11: Global: Chest Straps Market - Key Players
Table 12: United States: Portable Health Monitoring Devices Market - Key Players
Table 13: Germany: Portable Health Monitoring Devices Market - Key Players
Table 14: France: Portable Health Monitoring Devices Market - Key Players
Table 15: Italy: Portable Health Monitoring Devices Market - Key Players
Table 16: United Kingdom: Portable Health Monitoring Devices Market - Key Players
Table 17: China: Portable Health Monitoring Devices Market - Key Players
Table 18: Japan: Portable Health Monitoring Devices Market - Key Players
Table 19: Brazil: Portable Health Monitoring Devices Market - Key Players


LIST OF FIGURES

Figure 1: Global: Portable Health Monitoring Devices: Drivers: Population Aging: 30-Year increase in percentage aged 60 years or over
Figure 2: Global: Portable Health Monitoring Devices: Drivers: Growing Lifestyle Diseases
Figure 3: Global: Portable Health Monitoring Devices Industry: SWOT Analysis
Figure 4: Global: Portable Health Monitoring Devices Industry: Value Chain Analysis
Figure 5: Global: Portable Health Monitoring Devices Industry: Porter’s Five Forces Analysis
Figure 6: Global: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 7: Global: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Portable Cardiac Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 9: Global: Portable Cardiac Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Portable Respiratory Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 11: Global: Portable Respiratory Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 12: Global: Wearable BP Monitoring Devices Market – Sales Value (in Million US$), 2017-2022
Figure 13: Global: Wearable BP Monitoring Devices Market Forecast – Sales Value (in Million US$), 2023-2028
Figure 14: Global: Pulse Oximetry Devices Market – Sales Value (in Million US$), 2017-2022
Figure 15: Global: Pulse Oximetry Devices Market Forecast – Sales Value (in Million US$), 2023-2028
Figure 16: Global: Portable Foetal Monitoring Devices Market – Sales Value (in Million US$), 2017-2022
Figure 17: Global: Portable Foetal Monitoring Devices Market Forecast – Sales Value (in Million US$), 2023-2028
Figure 18: Global: Portable Neuromonitoring Devices Market – Sales Value (in Million US$), 2017-2022
Figure 19: Global: Portable Neuromonitoring Devices Market Forecast – Sales Value (In Million US$), 2023-2028
Figure 20: Global: Portable Blood Glucose Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 21: Global: Portable Blood Glucose Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Portable Anaesthesia Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 23: Global: Portable Anaesthesia Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Smart Wrist-Wearables Market – Sales Value (in Billion US$), 2017-2022
Figure 25: Global: Smart Wrist-Wearables Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Smart Garments Market – Sales Value (in Million US$), 2017-2022
Figure 27: Global: Smart Garments Market Forecast– Sales Value (in Million US$), 2023-2028
Figure 28: Global: Chest Straps Market – Sales Value (in Million US$), 2017-2022
Figure 29: Global: Chest Straps Market Forecast – Sales Value (in Million US$), 2023-2028
Figure 30: Global: Portable Health Monitoring Devices Market- Shares of Major Countries (in %), 2022
Figure 31: Global: Portable Health Monitoring Devices Market Forecast- Shares of Major Countries (in %) 2028
Figure 32: United States: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 33: United States: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 34: Germany: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 35: Germany: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 36: France: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 37: France: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 38: Italy: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 39: Italy: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 40: Spain: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 41: Spain: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 42: United Kingdom: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 43: United Kingdom: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 44: China: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 45: China: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 46: Japan: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 47: Japan: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 48: Brazil: Portable Health Monitoring Devices Market – Sales Value (in Billion US$), 2017-2022
Figure 49: Brazil: Portable Health Monitoring Devices Market Forecast – Sales Value (in Billion US$), 2023-2028
Figure 50: Philips Healthcare: Sales Value (in Billion US$), 2014-2019
Figure 51: GE Healthcare: Sales Value (in Billion US$), 2014-2019
Figure 52: Abbott Laboratories: Sales Value (in Billion US$), 2014-2019
Figure 53: Fitbit: Sales Value (in Million US$), 2014-2019
Figure 54: Garmin (Fitness): Sales Value (in Million US$), 2014-2019
Figure 55: Medtronic: Sales Value (in Billion US$), 2014-2019


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