Wireless Portable Medical Devices Market
Wireless Portable Medical Devices Market Analysis By Product (Therapeutic Wireless Portable Medical Devices, Smart Wearable Medical Devices, Monitoring Wireless Portable Medical Devices), By Application (Cardiology, Orthopaedics, Gynaecology), By Region - Global Insights to 2031
Analysis of Wireless Portable Medical Devices market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Market Outlook for Wireless Portable Medical Devices
Fact.MR’s wireless portable medical devices industry analysis reveals that the global market was valued at US$ 15 Bn in 2020, and is projected to top US$ 33 Bn by 2031, expanding at a CAGR of 11%. Demand for monitoring devices is projected to expand at a CAGR of 11% reaching a valuation of around US$ 16 Bn, with that for medical therapeutic devices also surging at 11%.
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Sales Analysis of Wireless Portable Medical Devices from 2016 to 2020 Vs Demand Outlook for 2021 to 2031
As per Fact.MR - a market research and competitive intelligence provider, the global market for wireless portable medical devices was valued at US$ 13 Bn in 2016, and is anticipated to rise at a CAGR of 11% to top US$ 33 Bn by 2031.
Wireless portable medical devices, which are widely used in applications such as monitoring, medical therapeutics, diagnosis, fitness and wellness, have proved to be very useful to cater to the growing need of advanced healthcare services.
The burgeoning population, increasing income levels, rise in ageing population and awareness about health and wellness has catalysed the growth of the market for portable medical devices in the past few years.
In addition to that, rise in lifestyle diseases, increasing urbanization, and healthcare facility expansion have increased demand for personalized medical care, boosting the growth of this industry.
Additionally, government expenditures on healthcare are increasing continuously in various countries, this is also a major driving factor for the growth of the market for wireless portable medical devices.
What are the Key Opportunities Awaiting Wireless Portable Medical Device Manufactures?
With the advent of advanced wireless technologies for portable medical devices the modern healthcare industry is witnessing an exponential growth in the market. The growth of global market for wireless medical devices is attributed to various technological advancements and integration of the healthcare industry with information technology.
Portable medical devices use sensors and other advanced wireless technologies to monitor real-time health of the patient.
They are used for wide range of applications such as respiratory, cardiac, fitness & wellness that include respiratory products such as continuous positive airway pressure (CPAP) machines, apnea monitors, electrocardiogram monitors to monitor heart, insulin infusion pumps and blood glucose meters to measure diabetes, blood pressure monitors, ultrasound devices, and pulse oximeters.
Low-cost sensor technologies, repeatability, low power consumption, and reliability are some of the critical elements for portable medical devices that provide comfort to patients.
It is owing to these factors that the demand for wireless portable medical devices is on the rise providing lucrative opportunities for the manufacturers.
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What are the Restraints being Encountered by Wireless Portable Medical Device Providers?
Wireless portable medical devices mainly work on wireless technology, and are prone to system-related breakdowns or discrepancies. Device-related issues such as memory problems, inaccurate results, and fluctuations in data are major restraints for the growth of the market.
Moreover, these devices are highly expensive and their maintenance cost is also very high. High maintenance cost and technical glitches are major restraining factors for the growth of the market.
Which Region Offers the Largest Opportunity for Wireless Portable Medical Device Providers?
North America holds the largest revenue share of around 42% for wireless portable medical devices.
Large-scale adoption of technologically advanced devices, high treatment rates, and supportive government initiatives for early diagnosis of diseases are among the few factors driving market growth in the region.
High adoption of monitoring, diagnostic, and therapeutic systems for disease management is anticipated to bode well for regional growth. The growing geriatric population and subsequently rising burden of chronic diseases is also propelling the market.
According to the Centres for Disease Control and Prevention (CDC) estimates published in 2017, nearly 30.3 million people in the U.S. were living with diabetes in 2015. This number is expected to continue growing, which, in turn, is anticipated to boost the adoption of technologies such as continuous glucose monitoring and insulin pumps in this region.
The market in Asia Pacific, on the other hand, is expected to expand at the fastest CAGR of 11% over the forecast period. Improving treatment rates and healthcare infrastructure along with the adoption of smart wearables are attributed to the regional market growth.
For instance, according to a Forbes article published in 2018, demand for smart wearables in India is expected to surge owing to changing consumer lifestyle, rising popularity of wearable technology, and increased accessibility of these devices.
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Country-wise Analysis
How Has Demand for Wireless Portable Medical Devices Been Shaping across the U.S.?
Revenue from sales of wireless portable medical devices in the U.S. was US$ 5 Bn in 2020.
Prime factors supporting the growth of the market in the country are high treatment rates, increased adoption of advanced medical devices, and favourable government initiatives for early detection of disease.
Further, the country has well-developed healthcare infrastructure along with high consumer spending on medical facilities, which, in turn, propels market growth.
Category-wise Analysis
Why are Monitoring Devices Gaining Immense Popularity across Geographies?
Monitoring devices hold the largest market share, and demand for them is surging at 11% CAGR, owing to growing adoption in healthcare centres, technological advancements, and new product approvals. Also, advantages such as compact design and mobility are some other factors driving their demand.
In 2016, the U.S. FDA approved Dexcom G5 mobile continuous glucose monitoring systems for patients with type 1 and type 2 diabetes for real-time glucose monitoring every five minutes.
Such advances are playing a major role in propelling demand for monitoring medical devices.
Why is Consumer Preference High towards Wearable Medical Devices?
Demand for smart wearable devices is expected to witness the fastest CAGR of 19% over the forecast period. This can be attributed to rising demand for fitness and wristbands for long-term continuous health monitoring.
Focus on preventive healthcare and growing adoption of technologically advanced products are also expected to contribute to the growth of this segment.
Why is Application of Wireless Portable Medical Devices in Gynaecology Surging?
Demand for wireless portable medical devices in gynaecology is expected to witness growth at a high CAGR of 14% over the forecast period. Technological advancements and growing adoption of portable monitoring and imaging technologies are key growth drivers.
Development of hand-held ultrasound systems such as Signos RT, manufactured by Signostics, for real-time monitoring of foetuses, has proved to be extremely beneficial. Such advanced monitoring devices are highly in demand in the field of gynaecology.
How Has Covid-19 Impacted Revenue from Wireless Portable Medical Devices?
The COVID-19 pandemic has created a huge market for medical equipment, and is the key driver for the healthcare sector. This has led to rapid rise in the demand for portable healthcare equipment, as this disease restricts the use of any device by too many people to prevent spreading and coming in contact with the virus.
This has led to rising demand for portable health devices at hospitals, clinics, COVID centres, and at homes. During the pandemic, basic devices such as oximeters, portable oxygen cylinders, and glucometers have been highly in demand. As such, COVID-19 has become one of the greatest factors for a surge in the demand for portable medical devices.
Competitive Landscape
Most companies adopt key strategies such as collaborations, mergers, and acquisitions to develop novel products and innovative solutions to expand their global presence.
- Vyaire Medical acquired Acutronic Medical Systems, a developer and manufacturer of neonatal ventilation equipment in 2018. This acquisition was aimed at improving the company’s portfolio of respiratory devices.
Wireless Portable Medical Devices Market Report Scope
| Attribute | Detail |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Market Analysis | US$ Mn for Value & ‘000 Units for Volume |
| Key Regions Covered | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, France, the UK, Russia, Italy, China, Japan, South Korea, India, Australia, Middle East, Latin America |
| Key Market Segments Covered | Product, Application, Region |
| Key Companies Profiled | GE Healthcare; Maxim Integrated; Texas Instruments; STMicroelectronics N.V.; Freescale Semiconductor Inc.; ON Semiconductor Corporation; Philips Healthcare; Omron Healthcare; Medtronic, Inc.; Analog Devices |
| Pricing | Available upon Request |
Key Market Segments Covered in Wireless Portable Medical Devices Industry Research
-
By Product
- Therapeutic Wireless Portable Medical Devices
- Smart Wearable Medical Devices
- Diagnostic Imaging Wireless Portable Medical Devices
- Monitoring Wireless Portable Medical Devices
- Neuromonitoring Wireless Portable Medical Devices
- Cardiac Monitoring Wireless Portable Medical Devices
- Respiratory Monitoring Wireless Portable Medical Devices
- Neonatal Monitoring Wireless Portable Medical Devices
- Fetal Monitoring Wireless Portable Medical Devices
- Vital Sign Monitors Wireless Portable Medical Devices
- Hemodynamic Monitoring Systems
-
By Application
- Wireless Portable Medical Devices in Cardiology
- Wireless Portable Medical Devices in Orthopaedics
- Wireless Portable Medical Devices in Gynaecology
- Wireless Portable Medical Devices in Urology
- Wireless Portable Medical Devices in Gastrointestinal
- Wireless Portable Medical Devices in Neurology
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Product
- 9.1. Therapeutics
- 9.2. Smart Wearable Medical Devices
- 9.3. Diagnostic Imaging
- 9.4. Monitoring Devices
- 9.5. Neuromonitoring
- 9.6. Cardiac Monitoring
- 9.7. Respiratory Monitoring
- 9.8. Neonatal Monitoring
- 9.9. Fetal Monitoring
- 9.10. Vital Sign Monitors
- 9.11. Hemodynamic Monitoring Systems
- 10. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Application
- 10.1. Cardiology
- 10.2. Orthopaedics
- 10.3. Gynaecology
- 10.4. Urology
- 10.5. Gastrointestinal
- 10.6. Neurology
- 11. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. South Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 17. Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 18. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 19. Key and Emerging Countries Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Koninklijke Philips N.V.
- 21.2. General Electric Company
- 21.3. Medtronic, OMRON Corporation
- 21.4. Samsung
- 21.5. F. Hoffmann-La Roche Ltd.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2016 to 2020
Figure 02: Global Market Volume Forecast (in 000' Units), 2021 to 2031
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2016 to 2020
Figure 06: Global Market Value Forecast (US$ Mn), 2021 to 2031
Figure 07: Global Market Absolute $ Opportunity, 2021 to 2031
Figure 08: Global Market Share Analysis (%), By Product, 2021 to 2031
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Product, 2021 to 2031
Figure 11: Global Market Share Analysis (%), By Application, 2021 to 2031
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by Application, 2021 to 2031
Figure 14: Global Market Share Analysis (%), By Region, 2021 to 2031
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value Share, By Product, 2021 (E)
Figure 18: North America Market Value Share, By Application, 2021 (E)
Figure 19: North America Market Value Share, By Country, 2021 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 21: North America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 22: North America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 24: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 25: Latin America Market Value Share, By Product, 2021 (E)
Figure 26: Latin America Market Value Share, By Application, 2021 (E)
Figure 27: Latin America Market Value Share, By Country, 2021 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 29: Latin America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 30: Latin America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 31: Latin America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 32: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 33: Europe Market Value Share, By Product, 2021 (E)
Figure 34: Europe Market Value Share, By Application, 2021 (E)
Figure 35: Europe Market Value Share, By Country, 2021 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2016 to 2020
Figure 37: Europe Market Value Forecast (US$ Mn), 2021 to 2031
Figure 38: Europe Market Attractiveness Analysis by Product, 2021 to 2031
Figure 39: Europe Market Attractiveness Analysis by Application, 2021 to 2031
Figure 40: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 41: South Asia Market Value Share, By Product, 2021 (E)
Figure 42: South Asia Market Value Share, By Application, 2021 (E)
Figure 43: South Asia Market Value Share, By Country, 2021 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 45: South Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 46: South Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 47: South Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 48: South Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 49: East Asia Market Value Share, By Product, 2021 (E)
Figure 50: East Asia Market Value Share, By Application, 2021 (E)
Figure 51: East Asia Market Value Share, By Country, 2021 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 53: East Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 54: East Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 55: East Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 56: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 57: Oceania Market Value Share, By Product, 2021 (E)
Figure 58: Oceania Market Value Share, By Application, 2021 (E)
Figure 59: Oceania Market Value Share, By Country, 2021 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2016 to 2020
Figure 61: Oceania Market Value Forecast (US$ Mn), 2021 to 2031
Figure 62: Oceania Market Attractiveness Analysis by Product, 2021 to 2031
Figure 63: Oceania Market Attractiveness Analysis by Application, 2021 to 2031
Figure 64: Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 65: Middle East and Africa Market Value Share, By Product, 2021 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2021 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2021 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2016 to 2020
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2021 to 2031
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2021 to 2031
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2021 to 2031
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2021 to 2031
Figure 73: U. S. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 74: U. S. Market Value Share, By Product, 2021 (E)
Figure 75: U. S. Market Value Share, By Application, 2021 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2021 & 2031
Figure 77: Canada Market Value Share, By Product, 2021 (E)
Figure 78: Canada Market Value Share, By Application, 2021 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2021 & 2031
Figure 80: Mexico Market Value Share, By Product, 2021 (E)
Figure 81: Mexico Market Value Share, By Application, 2021 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2021 & 2031
Figure 83: Brazil Market Value Share, By Product, 2021 (E)
Figure 84: Brazil Market Value Share, By Application, 2021 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 86: U. K. Market Value Share, By Product, 2021 (E)
Figure 87: U. K. Market Value Share, By Application, 2021 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2021 & 2031
Figure 89: Germany Market Value Share, By Product, 2021 (E)
Figure 90: Germany Market Value Share, By Application, 2021 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2021 & 2031
Figure 92: France Market Value Share, By Product, 2021 (E)
Figure 93: France Market Value Share, By Application, 2021 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2021 & 2031
Figure 95: Italy Market Value Share, By Product, 2021 (E)
Figure 96: Italy Market Value Share, By Application, 2021 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2021 & 2031
Figure 98: Spain Market Value Share, By Product, 2021 (E)
Figure 99: Spain Market Value Share, By Application, 2021 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 101: Russia Market Value Share, By Product, 2021 (E)
Figure 102: Russia Market Value Share, By Application, 2021 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2021 & 2031
Figure 104: China Market Value Share, By Product, 2021 (E)
Figure 105: China Market Value Share, By Application, 2021 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2021 & 2031
Figure 107: Japan Market Value Share, By Product, 2021 (E)
Figure 108: Japan Market Value Share, By Application, 2021 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2021 & 2031
Figure 110: South Korea Market Value Share, By Product, 2021 (E)
Figure 111: South Korea Market Value Share, By Application, 2021 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2021 & 2031
Figure 113: India Market Value Share, By Product, 2021 (E)
Figure 114: India Market Value Share, By Application, 2021 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2021 & 2031
Figure 116: ASEAN Market Value Share, By Product, 2021 (E)
Figure 117: ASEAN Market Value Share, By Application, 2021 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 119: Australia Market Value Share, By Product, 2021 (E)
Figure 120: Australia Market Value Share, By Application, 2021 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2021 & 2031
Figure 122: New Zealand Market Value Share, By Product, 2021 (E)
Figure 123: New Zealand Market Value Share, By Application, 2021 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2021 & 2031
Figure 125: GCC Countries Market Value Share, By Product, 2021 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2021 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2021 & 2031
Figure 128: Turkey Market Value Share, By Product, 2021 (E)
Figure 129: Turkey Market Value Share, By Application, 2021 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2021 & 2031
Figure 131: South Africa Market Value Share, By Product, 2021 (E)
Figure 132: South Africa Market Value Share, By Application, 2021 (E)
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market for wireless portable medical devices currently worth?
The global wireless portable medical devices topped US$ 15 Bn in 2020, and is expected to reach a valuation of over US$ 33 Bn by 2031.
What are the key factors driving demand for wireless portable medical devices?
Key factors driving demand for wireless portable medical devices are rise in technologically advanced monitoring devices and growing adoption of continuous monitoring and imaging devices.
Who are the top players providing wireless portable medical devices?
Major players operating in the global market include GE Healthcare, Maxim Integrated Texas Instruments, STMicroelectronics N.V., Freescale Semiconductor Inc., ON Semiconductor Corporation, and Philips Healthcare.
Which region will largely contribute to revenue growth of wireless portable medical devices?
North America holds the largest revenue share for wireless portable medical devices of around 42%.
What is the market outlook for wireless portable medical devices in Asia Pacific?
The market for wireless portable medical devices in Asia Pacific is expected to expand at a CAGR of 11% over the forecast period.
What is the global demand outlook for wearable medical devices?
Demand for wearable medical devices is expected to surge at a CAGR of 19% over the next ten years.
Which application of wireless portable medical devices holds the largest revenue share?
Application of wireless portable medical devices in gynaecology is expected to witness growth at a healthy CAGR of 14% through 2031.
Wireless Portable Medical Devices Market