Portable Medical Equipment Market Analysis

The portable medical devices market is segmented by product type into diagnostic imaging, therapeutics, monitoring devices, and smart wearable medical devices. The monitoring devices segment is anticipated to grab the largest share by the end of 2029 on account of their rising adoption in healthcare facilities. In addition to this, the increasing consciousness among people regarding personal care & health is also contributing to the growth of the market segment. Further, it is expected that the smart wearable devices segment is set to witness the fastest growth owing to the rising demand for fitness and health monitoring among the young population.

Based on application, the cardiology and gynecology segments in the market are projected to grow with a lucrative CAGR over the forecast period. The growth of the cardiology segment can be attributed to the rising demand for smart wearables to maintain cardiac function, while the gynecology segment is growing on account of the increasing adoption of advanced medical devices for obstetric and gynecologic care.

On the basis of end-user, the market is further divided into hospitals, physicians’ offices, home care settings, and others. The home care settings segment is expected to grow at the fastest CAGR, as the use of home care products has risen significantly to avoid long hospital stays & costs.

Our in-depth analysis of the global market includes the following segments:

Product	Diagnostic Imaging CT Scan X-Ray Ultrasound Endoscope Therapeutics Insulin Pump Nebulizer Oxygen Concentrator Image-Guided Therapy Systems Monitoring Devices Cardiac Monitoring Neuromonitoring Respiratory Monitoring Neonatal Monitoring Vital Signs Monitoring Others Smart Wearable Medical Devices
Application	Gynecology Cardiology Respiratory Urology Gastrointestinal Others (Neurology, Orthopedics)
End-User	Hospitals Physicians’ Offices Home Care Settings Others

Frequently Asked Questions (FAQ)

The rapidly increasing geriatric population and increasing technological advancement in medical devices are some of the key factors driving the market growth.

The market is anticipated to attain a fastest CAGR over the forecast period, i.e., 2021-2029.

Security & privacy concerns in the portable medical devices and their high cost are some of the key factors hampering the market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the rising demand for smart wearable devices among the young population.

The major players dominating the portable medical equipment market are General Electric Company, Medtronic, Koninklijke Philips N.V., Omron Healthcare, Inc., & Maxim Integrated among others.

Portable Medical Equipment Market Analysis