Portable Medical Equipment Market Trends

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

Portable Medical Equipment Market Trends

Growth Drivers

  • Rising Prevalence of Chronic Diseases
  • Increasing Geriatric Population in the World
  • Increasing Technological Advancement in Medical Equipment

Challenges

  • Growing Security Concerns Regarding Monitoring Devices
  • High Cost of the Portable Devices

Portable Medical Devices Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

11.2%

Base Year Market Size (2023)

USD 68.36 billion

Forecast Year Market Size (2036)

USD 271.75 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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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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