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The portable medical equipment market size has the potential to grow by USD 23.46 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.43%.
This report provides a detailed analysis of the market by product (portable patient monitoring devices, portable medical imaging devices, and others), geography (North America, Europe, Asia, and ROW), and key vendors.
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The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The portable medical equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the growing incidences of chronic diseases to achieve growth opportunities. However, factors such as high cost of devices will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the portable medical equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This portable medical equipment market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
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40% of the market’s growth will originate from North America during the forecast period. The US is a key market for portable medical equipment in North America. Market growth in this region will be slower than the growth of the market in Asia and ROW.
The increased adoption of technologically advanced products for home-healthcare is one of the prime factors that will facilitate the portable medical equipment market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The portable patient monitoring devices segment accounts for the largest share in the global portable medical equipment market. Blood glucose monitors contribute to over 80% of the portable patient monitoring devices market due to the high prevalence of diabetes in both developed and developing countries, favorable reimbursement policies, and the availability of advanced products. The portable medical equipment market share growth by the portable patient monitoring devices segment will be faster than the other segments during the forecast period.
The post COVID-19 impact has had a positive influence on the portable patient monitoring devices segment growth. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the portable medical equipment market size.
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Five Forces Analysis
Market Segmentation by Product
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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