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Global Portable Medical Equipment Market 2017-2021

About Portable Medical Equipment

Portable medical equipment are diagnostic and therapeutic medical devices that are miniature in nature and can be easily moved to new settings and locations without any inconvenience. Portable medical equipment includes patient monitoring devices, medical imaging devices, insulin pumps, and hearing aids. They are designed to monitor and treat the disorders at an earlier stage. The advent of various smart technologies and wireless capabilities makes the portable medical devices equipment attractive. The focus on preventive care is increasing among the people, leading to the adoption of portable medical devices.

Technavio’s analysts forecast the global portable medical equipment market to grow at a CAGR of 8.86% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global portable medical equipment market for 2017-2021. To calculate the market size, the report considers the sales/values of portable medical devices.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Portable Medical Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Medtronic
  • Philips Healthcare
  • GE Healthcare
  • Abbott Laboratories
  • Sonova
Other prominent vendors
  • Animas
  • Briggs Healthcare
  • Contec Medical Systems
  • Carestream Health
  • Guangdong Biolight Meditech
  • GN Store Nord
  • MinXray
  • Starkey Hearing Technologies
  • Siemens Healthcare
  • Tandem Diabetes Care
Market driver
  • Rise in demand for portable medical devices
  • For a full, detailed list, view our report
Market challenge
  • High cost of devices
  • For a full, detailed list, view our report
Market trend
  • Increasing online presence of vendors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Portable Medical Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global portable medical equipment market: Medtronic, Philips Healthcare, GE Healthcare, Abbott Laboratories , and Sonova.

Other Prominent Vendors in the market are: Animas, Briggs Healthcare, Contec Medical Systems, Carestream Health, Guangdong Biolight Meditech, GN Store Nord, MinXray, Starkey Hearing Technologies, Siemens Healthcare, and Tandem Diabetes Care.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing online presence of vendors. With the growing preference for home-care settings for portable medical devices, many vendors are increasing focus on online marketing and online retail. Players such as Medtronic and Phonak (Sonova) have created their online presence by creating their official pages on social media sites like Twitter and Facebook. Many vendors are also engaging in online retailing as this allows them to expand their target market beyond clinics and hospitals, and be more accessible to home-healthcare patients. Online retailing also helps vendors to minimize their costs on setup, distribution, and operations. Key vendors such as Medtronic, Roche, and Abbott sell their portable medical devices are already selling their products via websites such as Amazon. Other prominent vendors such as Tandem Diabetes Care and Contec Medical Systems are also selling their devices online to increase their customer reach and overall sales potential.”

According to the report, one of the major drivers for this market is Rise in demand for portable medical devices. Approximately 5.4% of the global population does not have access to essential health services. Hospitals/clinics in many remote areas do not have equipment such as patient monitoring devices and medical imaging devices. The problem becomes more acute in remote areas because of many infrastructural limitations like frequent power cuts, unreliable transportation, and lack of space.

Further, the report states that one of the major factors hindering the growth of this market is High cost of devices. Portable medical devices such as blood glucose monitoring systems, pulse oximeters, ultrasound devices, thermometers, and other point-of-care (POC) devices require frequent battery changes, recharging, and maintenance, which results in high cost. These devices are priced on the basis of the type of function and diagnosis.



Companies Mentioned

Medtronic, Philips Healthcare, GE Healthcare, Abbott Laboratories , and Sonova. Animas, Briggs Healthcare, Contec Medical Systems, Carestream Health, Guangdong Biolight Meditech, GN Store Nord, MinXray, Starkey Hearing Technologies, Siemens Healthcare, and Tandem Diabetes Care.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global portable medical equipment market
    • Market size and forecast
      • Table Global portable medical equipment market 2016-2021 ($ billions)
      • Table PEST analysis of portable medical equipment market in 2016 and 2021.
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global portable medical equipment market share by product 2016 (%)
    • Portable patient monitoring devices
      • Table Global portable patient monitoring devices segmentation
      • Table Global portable patient monitoring devices market 2016-2021: Overview
      • Table Global portable patient monitoring devices market 2016-2021: Vendor overview
      • Table Major portable patient monitoring devices in market
      • Table Global portable patient monitoring devices market 2016-2021 ($ billions)
    • Portable medical imaging devices
      • Table Segmentation of global portable medical imaging devices market
      • Table Global portable medical imaging devices market 2016-2021: Overview
      • Table Major portable medical imaging devices in market
      • Table Global portable medical imaging devices market 2016-2021 ($ billions)
    • Hearing aids
      • Table Global hearing aids market 2016-2021: Overview
      • Table Major hearing aids in market
      • Table Global hearing aids market 2016-2021 ($ billions)
    • Insulin pumps
      • Table Global insulin pumps market 2016-2021: Overview
      • Table Global insulin pumps market 2016-2021 ($ billions)
      • Table Major insulin pumps in the market
  • Geographical segmentation
    • Portable medical equipment market by geography
      • Table Global portable medical equipment market by geography 2016 (%)
    • Americas
      • Table Portal medical equipment market in Americas 2016-2021: Overview
      • Table Portable medical equipment market in Americas 2016-2021 ($ billions)
    • EMEA
      • Table Portal medical equipment market in EMEA 2016-2021: Overview
      • Table Portable medical equipment market in EMEA 2016-2021 ($ billions)
    • APAC
      • Table Portable medical equipment market in APAC 2016-2021: Overview
      • Table Portable medical equipment market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing online presence of vendors
    • Increasing patient preference for home-care patient monitoring
    • Advent of wearable patient monitoring equipment and its increasing integration with smartphones
  • Vendor landscape
    • Competitive landscape
      • Table Competitive structure analysis of global portable medical equipment market 2016
  • Key vendor analysis
    • Medtronic
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Philips Healthcare
      • Table Philips Healthcare: Key highlights
      • Table Philips Healthcare: Strength assessment
      • Table Philips Healthcare: Strategy assessment
      • Table Philips Healthcare: Opportunity assessment
    • GE Healthcare
      • Table GE Healthcare: Key highlights
      • Table GE Healthcare: Strength assessment
      • Table GE Healthcare: Strategy assessment
      • Table GE Healthcare: Opportunity assessment
    • Abbott Laboratories
      • Table Abbott Laboratories: Key highlights
      • Table Abbott Laboratories: Strength assessment
      • Table Abbott Laboratories: Strategy assessment
      • Table Abbott Laboratories: Opportunity assessment
    • Sonova
      • Table Sonova: Key highlights
      • Table Sonova: Strength assessment
      • Table Sonova: Strategy assessment
      • Table Sonova: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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