Global Portable Medical and Healthcare Devices Market Expanding at a CAGR of 16.3% during 2018-2023

-
According to the latest report by IMARC Group titled, ‘‘Global Portable Medical and Healthcare Devices Market Report (Cardiac Monitoring Devices, Blood Glucose Monitoring, Pulse Oximetry Devices, Wearable BP Monitors, Smart Wrist-Wearables, Smart Garments etc.) (2018-2023)’’, the global portable medical and healthcare devices market has grown at a CAGR of 18% during 2010-2017, reaching a value of US$ 39.5 Billion in 2017. A tremendous increase in the lifestyle diseases caused by dramatic changes in the patterns of living, such as excessive smoking, binge drinking, sedentary lifestyle, etc., is one of the major concerns in the current century. All this has led to a sudden growth in cardiovascular diseases, stroke, obesity and type 2 diabetes among a vast majority of the population. The treatment of such diseases requires expert medication and constant monitoring to keep health and fitness in check. Following this demand, the market for portable medical and healthcare devices is growing at a sizeable rate facilitated by the emergence of smart technology and wireless capabilities. This has enabled the people to diagnose and chart the progress of their treatment without paying frequent visits to the doctor.
Get a free sample for this market study here: https://www.imarcgroup.com/request?type=report&id=704&flag=B

Highlights of the global portable medical and healthcare devices market:
  • The market growth is encouraged by government initiatives and programmes.
  • The market is segmented into medical monitoring devices and wearable health and fitness devices.
  • The United States represents the largest market for global portable medical and healthcare devices.

The major factor which have thrust impetus to the market growth is the rise in government initiatives and programmes to help create an awareness about various diseases and their treatments. It is a major step toward preventing the dissemination of the curable diseases which go unnoticed and untreated due to lack of awareness. Apart from this, an increasing portion of ageing population is also creating a demand of such devices. Portable medical and healthcare devices not only provide convenience of use to their users, they are also cost-effective. Owing to these factors, the market is further expected to grow at a CAGR of 16.3% during 2018-2023, reaching a value of US$ 98 Billion by 2023.

The market for portable medical and healthcare devices is segmented as medical monitoring devices and wearable health and fitness devices. The medical monitoring devices segment is further multifurcated into vital signs monitoring devices, foetal monitoring devices, neuromonitoring devices, blood glucose monitoring devices, anaesthesia monitoring devices. The wearable health and fitness devices include smart wrist-wearables, smart garments and chest straps.
On the basis of geographical analysis, the United States represents the largest market for global portable medical and healthcare devices, accounting for more than one-third of the total share. The United States is followed by Europe and Asia-Pacific. Considering the changes in the market trends, the market share of Asia-Pacific is expected to increase in the next few years due to upcoming opportunities and rising disposable incomes, especially in India and China. Some of the key players operative in the market include Philips Healthcare, GE Healthcare, Abbott Laboratories, Fitbit Inc., Garmin and Medtronic.
Browse Full TOC Report@: https://www.imarcgroup.com/global-portable-health-monitoring-devices-market

The report by IMARC Group has examined the global portable medical and healthcare devices market on the basis of:

Types:
  • Medical Monitoring Devices
  • Wearable Health and Fitness Devices

Regions
  • United States
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • China
  • Japan
  • Brazil

Key players:
  • Philips Healthcare
  • GE Healthcare
  • Abbott Laboratories
  • Fitbit Inc.
  • Garmin
  • Medtronic

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARCGroup
Stuart Billy
Email:  Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 |  www.imarcgroup.com
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331
Linkedin:  https://www.linkedin.com/company/imarc-group/

Location: New Jersey, USA

Comments

Post a Comment

Popular posts from this blog

European Frozen Seafood Market is Projected to witness Strong Growth during the Forecast Period

-
Image
According to the latest report by IMARC Group, titled “ European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the  European frozen seafood market  reached a value of US$ 21.4 Billion in 2018, growing at a CAGR of 3.7% during 2011-2018. The European continent is intricately linked with the sea and seafood products form a quintessential part of the regional cuisine. These products serve as a rich source of proteins, micronutrients and essential fatty acids, and are low in fat. They are known to promote heart health, ease the symptoms of arthritis, maintain healthy eyesight, and preserve skin moisture, along with offering innumerable other health benefits. As these products are highly perishable, they require freezing for extending their shelf-life. The freezing process employs advanced techniques like cryofreezing to freeze the products below 200? C. This helps in sealing the flavor and nutrients in the food products fo...
Read more

Xylitol Market to Reach US$ 1,225 Million by 2025 , Industry Overview, Growth Rate and Forecast

-
As per the latest report by IMARC Group, titled “ Xylitol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the  global  xylitol market   size  reached US$ 875 Million in 2019. Xylitol is a sugar alcohol with a crystalline and granular structure and sweetness, which is comparable to sucrose. Also known as wood sugar, it is derived from xylose that occurs naturally in various fruits and vegetables. On a commercial scale, xylitol can be produced by chemical and biotechnological processes. With the rising health-consciousness, consumers are willing to spend more on natural sweeteners, such as xylitol, as it has around 75% fewer carbohydrates and 40% lesser calories as compared to table sugar. Request for a free sample copy of this report:  https://www.imarcgroup.com/xylitol-market/requestsample Global Xylitol Market Trends: Xylitol finds applications in numerous industries ranging from food and beverage (F&B...
Read more

$ 533.4 Billion Warehousing and Storage Market - Driving Factors, Key Players and Growth Opportunities by 2024

-
Image
According to the latest report by IMARC Group, titled “ Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the  global warehousing and storage market size  reached US$ 397.3 Billion in 2018. A warehouse refers to a storage space that is used for stocking finished and semi-finished goods, raw materials, and import and export products. Warehousing and storage services help manufacturers in protecting the goods from pests and insects as well as ensuring a smooth flow of production and distribution activities. At present, the demand for these services is experiencing a rise on account of factors such as the evolving e-commerce sector, the growing popularity of frozen food items and the emerging trend of outsourcing warehousing services. Request for a free sample copy of this report:   https://www.imarcgroup.com/warehousing-and-storage-market/requestsample Global Warehousing and Storage Market Trends: ...
Read more