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Global Portable Medical Electronic Products Market

  • Published Date: 24 May 2018
  • Number of Pages: 227
  • Category: Healthcare and Medical
  • Country: Global
Portable medical electronic products are electronic equipment used for monitoring, operating and managing medical conditions. The portable medical electronic products industry is witnessing tremendous growth in recent years as the influx of these products has reinforced the existing healthcare infrastructure in many ways. These devices are becoming more and more portable, light in weight and compact due to the advancements in microprocessor technology. The rapid advancements in semiconductor technology is helping in large scale integration and lower power consumption of portable medical electronic products. The untapped markets in the developing countries provide massive growth opportunities for the portable medical electronic products market. Portable Medical Electronic Products are gaining popularity due to their ease of use and accessibility. The fact that these equipment can be connected to a smartphone has led to better storage and the penetration of smart phones and mobile devices is stimulating the growth of these products.

Market Dynamics

The drivers for growth in the portable medical electronic products market are rising healthcare costs, rapidly aging population, technological advancements, increasing demand for medical treatment and diagnosis in remote areas. Introduction of semiconductor devices, telemedicine and nanotechnology in the healthcare sector is also contributing to the growth of this market. Rise in Home healthcare is also championing the growth of the portable medical electronic products market.

Market Segmentation

The Portable Medical Electronic Products Market is segmented on the basis of equipment, end-user, application and region.

Segmentation by Equipment
--> Respiratory products
--> Heart monitors
--> Pulse oximeter
--> Blood pressure monitors
--> Medical imaging
--> Others

Medical imaging dominates this segment due in part to the technological advancements in imaging systems which allows diagnosis of all body parts and provides 3D images of vital organs.

Segmentation by End-User
--> Hospitals
--> Nursing homes
--> Physicians clinics
--> Ambulances
--> Homecare
--> Others

Homecare is expected to grow the fastest due to the recent trend of miniaturization. Homecare products rose in popularity due to their inexpensiveness and safety. Increasing hospital costs and cost-effective nature of homecare products have made homecare a desirable option for many sections of the population.

Segmentation by Application
--> Therapy
--> Diagnosis and Testing
--> Emergency Kits
--> Others

Diagnosis and testingleads the way in this segment as these products primary function is diagnosis and testing.

Segmentation by Region
--> North America
--> Europe
--> Asia-Pacific
--> Rest of the World

North America is the leading player due to continuous innovations and the faster pace of replacement of technology. Developing economies of the Asia-Pacific are predicted to lead the growth in the coming years owing to greater technology proliferation and acceptance of portable medical electronic products.

Regional/ Geographic Analysis

North America has the highest share of the portable medical electronic products market, followed by Europe. This is mainly due to the technological advancements and the consumer demand for these products. Asia-Pacific is expected to post the strongest growth due to the increasing demand for portable devices in the developing nations of this region.

Key Players

Prominent players in the market include CareFusion Corporation, Abbott Laboratories, GE Healthcare, Medtronic, Inc., Roche Diagnostics, Siemens Corporation, Philips Healthcare, Johnson & Johnson, Bayer Healthcare and Panasonic Corp.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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