Portable Medical Equipment Market Rising Number of Military Night Vision Device to Boost the Growth 2029
Research Nester released a report titled “Portable Medical
Equipment Market: Global Demand Analysis & Opportunity Outlook
2029″ which delivers detailed overview of the global portable medical
equipment market in terms of market segmentation by product, application,
end-user and region.
Further, for the
in-depth analysis, the report encompasses the industry growth indicators,
restraints, supply and demand risk, along with detailed discussion on current
and future market trends that are associated with the growth of the market.
The portable medical equipment market is projected to grow with
the fastest CAGR during the forecast period, i.e., 2021-2029, on account of the
increasing elderly population. In addition to this, the market for portable
medical equipment is also booming owing to the rising prevalence of chronic
diseases. According to the World Health
Organization, the burden of chronic disease-related deaths was expected to rise
to 73% of the total deaths by the end of 2020. Moreover, it was estimated that
79% of these deaths would occur in developing countries. Further, the
prevalence of chronic diseases was expected to increase to 57% in 2020, as
reported by the WHO.
The market is
segmented by product type into diagnostic imaging, therapeutics, monitoring
devices, and smart wearable medical devices. Among these segments, the
monitoring devices segment is anticipated to hold the largest share by the end
of 2021 in the portable medical equipment market as a result of their
increasing adoption in tracking essential vital signs, including blood pressure,
heart rate, oxygen, blood glucose levels, and others.
On the basis of
region, the market is segmented into North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa, out of which, the portable medical
equipment market in the Asia Pacific is projected to grow at the highest CAGR
throughout the forecast period. Currently, the market in North America holds
the largest share. This can be attributed to the favorably changing patient
reimbursement policies by Medicare/Medicaid services covering the use of these
devices, such as the real-time monitoring devices to further improve the
adoption rate of these products across the region.
Get a PDF Sample for more detailed market insights:https://www.researchnester.com/sample-request-2928
Increasing Ageing Population to Drive Market Demand in the Future
As per the reports of the United Nations, it has been reported
that nearly 703 million people globally were older than 65 years. The number is
further expected to rise to 1.5 billion by the end of 2050. According to the
World Bank Data, Japan has the highest elderly population in the world, with
people aged 65 and over accounting for nearly 28% of the country’s total
population.
In the United States,
the geriatric population is growing faster than the rest of the population,
which is one of the key factors aiding the growth of the market. Additionally,
the development of technologically advanced devices to monitor the condition of
senior citizens and transmitting the reports to primary care doctors is further
catering to the growth of the portable medical equipment market.
This report also
provides the existing competitive scenario of some of the key players of the
global portable medical equipment market which includes company profiling of
General Electric Company, Medtronic, Koninklijke Philips N.V., Omron
Healthcare, Inc., Maxim Integrated, Renesas Electronics Company, Siemens
Healthineers, Hill-Rom Services, Inc., and Contec. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global portable medical equipment
market that will help industry consultants, equipment manufacturers, existing
players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
Access Full Report, here:https://www.researchnester.com/sample-request-2928
About Research Nester
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one-stop service provider with a client base in more than 50 countries, leading
in strategic market research and consulting with an unbiased and unparalleled
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