Portable Medical Electronic Products Market – Global Industry Analysis and Trends Up to 2019
A market research report by Transparency Market Research, titled “Portable Medical Electronic Products Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” provides a detailed study on the market for portable medical electronic products. The study segments the market in terms of end-use application segments and product type. The report also analyzes the value chain of the market and presents forecast on the revenue and size of the market based on each of its segments.
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The major technological advancements introduced in the market, coupled with their impact on the development of the market, have also been discussed in this study. A number of factors such as market drivers, challenges, opportunities, and trends and their impact on the growth of the market also form an integral part of this study. The growth of the chief players operating in the market in the forecast horizon has been analyzed on the basis of their SWOT analysis.
The report states that the swiftly increasing aging population and the increasing healthcare expenditure are amongst the major factors boosting the growth of the market. The increasing requirement for medical diagnosis as well as treatment in emerging and remote areas is also fuelling demand from the market. Furthermore, the introduction of nanotechnology, telemedicine, and semiconductor devices within the healthcare industry is also augmenting the growth of the market for portable medical electronic products. Product miniaturization is a key opportunity in the market and helps medical professionals in moving beyond labs to reach out to patients residing in remote areas. On the other hand, issues pertaining to security, affordability, and connectivity are the major areas of focus of the major manufacturers nowadays owing to the fact that these issues may negatively impact the growth of the overall market in the coming years.
As per the report, some of the prime portable medical electronic products are respiratory products, pulse oximeters, heart monitors, medical imaging, and blood pressure monitors, among others. These equipment comprise numerous features such as amplifiers, analog front-ends for data acquisition, ADC converters, filters, buttons for accepting feedback, etc. They also have a variety of interfaces such as LCD displays, USB ports, etc. These products are majorly utilized by homecare patients, hospitals, physician offices, nursing homes, and others.
Geographically, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World (RoW). As per the report, the key players dominant in the market are CareFusion Corporation, Abbott Laboratories, GE Healthcare, Medtronic, Inc., and Roche Diagnostics, among others.
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