Portable Medical Equipment Market Segmentation by Product (Diagnostic Imaging, Therapeutics, Monitoring Devices, and Smart Wearable Medical Devices); by Application (Gynecology, Cardiology, Respiratory, Urology, Gastrointestinal, and Others); and by End-User (Hospitals, Physicians’ Offices, Home Care Settings, and Others) – Global Demand Analysis and Opportunity Outlook 2029

Buy Now Report ID: 2928 | Published Date: Feb 13, 2023

Market Segmentation

Our in-depth analysis of the global portable medical equipment market includes the following segments:

By Product

  • Diagnostic Imaging
    • CT Scan
    • X-Ray
    • Ultrasound
    • Endoscope
  • Therapeutics
    • Insulin Pump
    • Nebulizer
    • Oxygen Concentrator
    • Image-Guided Therapy Systems
  • Monitoring Devices
    • Cardiac Monitoring
    • Neuromonitoring
    • Respiratory Monitoring
    • Neonatal Monitoring
    • Vital Signs Monitoring
    • Others
  • Smart Wearable Medical Devices

By Application

  • Gynecology
  • Cardiology
  • Respiratory
  • Urology
  • Gastrointestinal
  • Others (Neurology, Orthopedics)

By End-User

  • Hospitals
  • Physicians’ Offices
  • Home Care Settings
  • Others

Growth Drivers

  • Rising Prevalence of Chronic Diseases
  • Increasing Geriatric Population in the World
  • Increasing Technological Advancement in Medical Equipment


  • Growing Security Concerns Regarding Monitoring Devices
  • High Cost of the Portable Devices

Portable Medical Equipment Market
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Portable Medical Equipment Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the developments in healthcare infrastructure. In addition to this, the rising demand for smart wearables from countries such as China, India, Japan, and South Korea is also projected to fuel the market growth over the forecast period. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue on the back of various innovations in monitoring devices and tools used. Along with this, the growing initiatives taken by the U.S. government to upgrade the infrastructure of the medical sector also favors the growth of the market. Alternatively, the market in Europe is also anticipated to occupy a significant share in the portable medical equipment market on account of its rapidly rising geriatric population. As per the analysis of the European Commission, nearly one-fifth of the EU-27 population were above the age of 65 in 2019. Moreover, according to the Population Reference Bureau, countries such as Italy, Finland, Portugal, Greece, Germany, and Bulgaria have the highest geriatric population in Europe.

Portable Medical Equipment Market

The global portable medical equipment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Portable Medical Equipment Market
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Top Featured Companies Dominating the Market

    • General Electric Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Medtronic
    • Koninklijke Philips N.V.
    • Omron Healthcare, Inc.
    • Maxim Integrated
    • Renesas Electronics Corporation
    • Siemens Healthineers
    • Hill-Rom Services, Inc.
    • Contec


In The News


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Radhika Gupta, Shivam Bhutani

Key Questions Answered in the Report

1) What are the major factors driving the growth of the portable medical equipment market?

Ans: The rapidly increasing geriatric population and increasing technological advancement in medical devices are some of the key factors driving the market growth.

2) What would be the CAGR of portable medical equipment market over the forecast period?

Ans: The market is anticipated to attain a fastest CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the portable medical equipment market growth?

Ans: Security & privacy concerns in the portable medical devices and their high cost are some of the key factors hampering the market growth.

4) Which region will provide more business opportunities for growth of portable medical equipment market in future?

Ans: The market in Asia Pacific region will provide ample growth opportunities owing to the rising demand for smart wearable devices among the young population.

5) Who are the major players dominating the portable medical equipment market?

Ans: The major players dominating the portable medical equipment market are General Electric Company, Medtronic, Koninklijke Philips N.V., Omron Healthcare, Inc., & Maxim Integrated among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the portable medical equipment market?

Ans: The market is segmented by product, application, end-user, and region.

8) Which segment under the product segment captures the largest market size in the portable medical equipment market?

Ans: With respect to the product type, the monitoring devices segment is anticipated to hold the largest market share owing to the growing preference among people for preventive healthcare solutions.

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