The Portable Medical Devices Global Market Report 2023, provides comprehensive information on the portable medical devices market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global market for portable medical devices is poised for substantial growth, anticipated to ascend from its 2022 valuation of $45.17 billion to a projected $50.59 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 12%. However, the global economic landscape faces unprecedented challenges due to the Russia-Ukraine conflict, which has hindered the post-COVID-19 recovery trajectory. The geopolitical tensions have triggered widespread economic sanctions, heightened commodity prices, and disrupted supply chains, culminating in inflationary pressures across various sectors. Despite these headwinds, the portable medical devices sector is forecasted to attain a valuation of $77.28 billion by 2027, exhibiting a resilient CAGR of 11.2%. This underscores the sector’s enduring strength amidst global uncertainties.
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In the dynamic landscape of portable medical devices, technological innovation stands out as a pivotal trend gaining widespread acclaim. Leading entities within the portable medical devices market are strategically embracing cutting-edge technologies to fortify their market standing. A compelling illustration of this progressive approach is manifested in the actions of Philips, a distinguished conglomerate corporation headquartered in the Netherlands. In a noteworthy move in November 2022, Philips unveiled the groundbreaking Compact 5000 series—a next-generation compact portable ultrasound solution. Distinguished by its integration with Philips’ state-of-the-art collaboration live secure real-time telemedicine software, this innovative system facilitates seamless communication through confident voice, text, screen sharing, and video streaming. Operating effortlessly from any location with mobile or internet connectivity, its primary objective is to enhance the accessibility of diagnostic capabilities reminiscent of high-end cart-based ultrasound machines.
The Ultrasound Compact 5000 Series system is meticulously designed with optional battery functionality, ensuring an impressive 2.5 hours of scanning time and a remarkable 20% faster power-up capability. Tailored to meet the diverse needs of medical specialties, including cardiovascular, obstetrics and gynecology, point-of-care, and general imaging, it epitomizes a shared services approach. This strategic maneuver not only underscores Philips’ commitment to advancing healthcare but also signifies a broader industry shift towards fostering inclusivity and efficiency in portable medical diagnostics.
The portable medical devices market is segmented:
1) Portable Medical Devices Market By Product: Therapeutics, Smart Wearable Medical Devices, Diagnostic Imaging, Monitoring Devices, Neuromonitoring, Cardiac Monitoring, Respiratory Monitoring, Neonatal Monitoring, Fetal Monitoring, Other Products
2) Portable Medical Devices Market By Application: Cardiology, Orthopedics, Gynecology, Urology, Gastrointestinal, Neurology, Other Applications
3) Portable Medical Devices Market By End-User: Hospitals, Clinics, Homecare Patient, Ambulatory Care Centers, Surgical Centers, Other End Users
North America was the largest region in the portable medical devices market in 2022.
The table of contents in TBRC’s portable medical devices market report includes:
1. Executive Summary
2. Portable Medical Devices Market Characteristics
3. Portable Medical Devices Market Trends And Strategies
4. Portable Medical Devices Market – Macro Economic Scenario
……..
32. Global Portable Medical Devices Market Competitive Benchmarking
33. Global Portable Medical Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Portable Medical Devices Market
35. Portable Medical Devices Market Future Outlook and Potential Analysis
36. Appendix
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