Portable Medical Equipment Market Share

  • Report ID: 2928
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Portable Medical Equipment Market Share

Geographically, the portable medical devices market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific industry is expected to hold largest revenue share by 2036, owing to developments in healthcare infrastructure. In addition to this, the rising demand for smart wearables from countries such as China, India, Japan, and South Korea is also projected to fuel the market growth over the forecast period. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue on the back of various innovations in monitoring devices and tools used. Along with this, the growing initiatives taken by the U.S. government to upgrade the infrastructure of the medical sector also favors the growth of the market. Alternatively, the market in Europe is also anticipated to occupy a significant share in the portable medical devices market on account of its rapidly rising geriatric population. As per the analysis of the European Commission, nearly one-fifth of the EU-27 population were above the age of 65 in 2019. Moreover, according to the Population Reference Bureau, countries such as Italy, Finland, Portugal, Greece, Germany, and Bulgaria have the highest geriatric population in Europe.

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Author Credits:  Radhika Pawar


  • Report ID: 2928
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

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.
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