SEATTLE, March 22, 2021, (MEDGADGET) — Global Portable Diagnostic Device Market — Insights
Portable medical diagnostic devices are used to transfer medical data from patients to healthcare professional in real time. Increasing adoption of information and communication technology (ICT) and portable diagnostic devices in the healthcare sector has significantly reduced office visits. Portable diagnostic devices can be used for diagnosis at home, clinic or any remote area. Moreover, these devices are affordable, which helps to reduce healthcare expenditure. Healthcare professionals use portable diagnostic devices to personally administer the test to patients for epidemic diseases such as Hepatitis C. Major Features of portable diagnostic devices include, high efficiency and ability to offer immediate results and timely decisions. Portable diagnostic devices commonly include, glucose monitoring devices, blood pressure monitoring devices, bone densitometer, and wireless devices (Fibits).
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Global Portable Diagnostic Device Market — Drivers
Increasing demand for medical diagnostic devices in remote or emerging areas is expected to boost growth of the global portable diagnostic device market. Moreover, easy access to commercial tablets and smartphones that offer immediate results from laboratory analysis is also contributing to growth of the market. Increasing funding by private organizations in R&D of new products and government support towards adoption of point-of-care devices is boosting growth of the global portable diagnostic device market.
Global Portable Diagnostic Device Market — Restraints
However, low discharge time of mobile equipment and concerns over data security are some of the factors that hinder growth of the global portable diagnostic device market. Majority of the devices are not optimized with proper data security and safekeeping, which leads to potential HIPAA violations. Moreover, establishing ‘Bring your own device’ (BYOD) is crucial to ensure patient safety.
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Global Portable Diagnostic Device Market Taxonomy
- By Product Type
- Glucose monitoring device
- Infectious disease monitoring
- Cardiometabolic monitoring
- Coagulation monitoring
- Hematology testing
- Urine analysis device
- Cholesterol monitoring device
- Drug abuse monitoring device
- Pregnancy & fertility monitoring
- Occult monitoring
- Tumor/ cancer monitoring
- By End-User
- Home care settings
- Hospitals clinics
- Ambulatory & surgical centers
- Diagnostic centers
- By Mode of Prescription
Table of Content
Global Portable Diagnostic Device Market Research Report
Section 1: Global Portable Diagnostic Device Industry Overview
Section 2: Global Economic Impact on Portable Diagnostic Device Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Portable Diagnostic Device Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Portable Diagnostic Device Market Forecast
Global Portable Diagnostic Device Market Regional Analysis
Europe is expected to account for the largest market share over the forecast period. This is attributed to increasing adoption of diagnostic medical devices and high preference for minimally invasive procedures. The market in North America is expected to witness significant growth, owing to developed healthcare sector and increasing use of portable diagnostic devices.
Asia Pacific is expected to witness the fastest growth, owing to developing healthcare sector and high incidence of diseases such as HIV, tuberculosis, and malaria. Increasing adoption of self-diagnosis and growing health awareness is also expected to boost growth of the portable diagnostic device market.
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Global Portable Diagnostic Device Market Competitive Landscape
Key players in the market are focused on developing novel portable devices to expand their product portfolio. For instance, in 2015, Roche introduced point-of-care (POC) troponin test to identify suspected heart attack patients for faster diagnosis. Key players operating in the global portable diagnostic device market include Instrumentation Laboratory, PTS Diagnostics, Beckman Coulter, Inc., PixCell, PT. RAFA Topaz Utama, Siemens AG, Roche Products Limited, and Alere, Inc.
- Key players in the market are involved in various business strategies such as product launches and partnership, in order to expand their customer base. For instance, in February 2018, Siemens Healthineers partnered with a medical technology startup Jana Care to launch world’s first smartphone-based diagnostic platform ‘Aina’ in India. This platform will enable people to avail high quality test for chronic diseases.
- Key companies in the market are focused on various business strategies such as collaboration and product launches, in order to expand their product portfolio. For instance, in January 2019, PTS Diagnostics and Kroger Health jointly announced the launch of CardioCheck Plus analyzers that will assist individuals who are suffering from diabetes in point-of-care blood testing.
- Key players are involved in different business strategies such as product launch to expand product portfolio and gain competitive edge in the market. For instance, in July 2018, PixCell Medical launched the HemoScreen, which is blood testing point-of-care analyzer. HemoScreen is portable and user-friendly test device, which produces lab accurate results.
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