Market Research Future has recently added another market study to its extensive research portfolio, titled “Worldwide portable diagnostic devices Market Size, Status and Forecast 2023”. The report offers intelligent insights and uses thorough examination of market factors to gauge market size and development.
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The Global portable diagnostic devices market is expected to grow at an approximate CAGR of 10.6% during forecast period, 2018–2023.
Rising technological advancements in portable diagnostic devices is one of the prominent factors driving the portable diagnostic devices market. For instance, in 2017, EKO Devices received FDA approval for Eko Duo, which can be used as an effective ECG monitoring tool.
Various other factors such as increasing incidence of chronic condition, rising geriatric population presence of a large target patient population, rising diagnosis rate, rising patient awareness about Portable Diagnostic Devices and improvement in treatment rates and healthcare infrastructure are also expected to propel the growth of the market.
However, cost associated with the devices, data security and lack of trained professionals can hamper the market growth over the forecast period.
Some of the key players in the global portable diagnostic devices market are
- Koninklijke Philips N.V
- Medtronic PLC, General Electric Company
- OMRON Corporation
- Hoffmann-La Roche
- RAFA Topaz Utama
- Siemens AG, Alere
- Instrumentation Laboratory
- PTS Diagnostics
- Beckman Coulte
- Sorin Group
- Schiller AG
- Zoll Medical
- Cardiac Science
- Cooper Surgica
Global Portable Diagnostic Devices Market: Segmental Analysis
The portable diagnostic devices market has been segmented on the basis of application, type, and end user.
- By mode of type, the portable diagnostic devices market has been segmented into diagnostic imaging and monitoring devices. Among these, the monitoring devices segment is considered to occupy the largest market share and is estimated to retain its dominance in the coming years. The growth is credited to the augmenting cases of chronic conditions.
- By mode of application, the portable diagnostic devices market has been segmented into cardiology, gynecology, urology, gastrointestinal, respiratory, neurology, orthopedics, and others.
- By mode of end-users, the portable diagnostic devices market has been segmented into clinics, hospitals, diagnostic centers, hospitals, home care settings, and others. Among these, the homecare setting is predicted to experience the highest growth rate owing to the increasing demand for home-based treatment.
Geographically, the portable diagnostic devices market span across regions namely, Europe, America, Asia-Pacific, and the Middle East & Africa.
Among all the regions, the American region is predicted to dominate the global market for portable diagnostic devices and is estimated to retain its dominance throughout the forecast period. The growth is credited to the presence of major market giants coupled with the augmenting healthcare infrastructure in this region. The total healthcare spending in the U.S. reached USD 3.5 trillion in 2017.
The Asia Pacific region is estimated to expand at the fastest growth rate throughout the forecast period. Factors like surging technological advancements within the region are propelling the regional growth. For instance, South Korea-based Healcerion had received the FDA approval for Sonon 300L handheld ultrasound device in the year 2018.
A biomedical engineering assistant professor at Purdue University, Jacqueline Lines has been developing a technology along with her team that can make lab detection tests portable as well as faster. This first paper-based device can help to detect HIV nucleic acids from the blood of a finger prick within 90 minutes.
- Medical Device Companies
- Government and Private Laboratories
- Research and Development (R&D) companies
- Medical Research Laboratories
- Market Research and Consulting Service Providers
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Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.4 Macroeconomic Indicators
4.5 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
Chapter 6. Global Portable Diagnostic Devices Market, By Type
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