The
global Portable Medical
Devices Market size
is expected to reach USD 85.3 billion by 2025. It is anticipated to expand at a
CAGR 8.7% over the forecast period, according to a new report by Grand View
Research, Inc. The market is majorly driven by increasing adoption of portable
therapeutics, diagnostics, and monitoring devices in healthcare facilities.
Growing usage ofsmall, lightweight, and handheld devices such as spirometers
that help in diagnosing the respiratory diseases is anticipated to providea
significant traction to global market in the forthcoming years.
Furthermore,
upward trend of preventive healthcare and subsequently rising adoption of smart
wearables are among other factors boosting growth of the marketfor portable
medical devices. Fitness trackers and smart watches exhibit features that offer
healthcare benefits. Wearables compute data from day to day activities of
users. This data can be used by the physicians to decide a treatment plan.
Rising
geriatric population coupled with high prevalence of chronic diseases is also
projected to boost the market. Rising adoption of portable devices such as
cardiac monitoring, respiratory monitoring, and image-guided therapy systems
for the management of chronic conditions such as diabetes, cardiovascular
diseases, and respiratory diseases is anticipated to bode well for market
growth in near future. According to the American Cancer Society (ACS) estimates
from 2012, the global incidence of cancer is expected to reach nearly 21.7
million by 2030. This is anticipated to drive demand for advanced imaging and
therapeutic technologies, which, in turn,is expected to drive the portable
medical devices market.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/portable-medical-devices-market
Further
key findings from the report suggest:
- In 2017, monitoring devices held the largest market share in terms
of revenue owing to increasing adoption of monitoring systems by
hospitals, clinics, and other healthcare facilities for better disease
management
- Smart wearable devices segment is expected to expandat the fastest
CAGR 19.0%over the forecast period owing to a rising focus on preventive
healthcare
- Other applicationsheld the largest market share in 2017. Gynecology
segment is anticipated to expand at the fastest CAGR over the forecast
period
- North America accounted for the largest revenue shareof 41.7% in
2017 owing to high adoption of technologically advanced devices and high
treatment rates. However, Asia Pacific is expected to register the fastest
CAGR over the forecast period
- Key players in the portable medical devices market include General
Electric Company, OMNOR Corporation, VYAIRE, SAMSUNG, Koninklijke Philips
N.V., Medtronic, F.Hoffmann-La Roche Ltd, and Nox Medical
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a
range of industries including technology, chemicals, materials, healthcare and
energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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