Portable Medical Electronic Products Market Size, Share, Trends and Analysis

According to Stratistics MRC, the global portable medical electronic products market is expected to grow from $55.4 billion in 2015 to $73.95 billion by 2022 at a CAGR of 4.21%. The portable medical electronic products market has been witnessing remarkable growth, mainly driven by increasing demand for safe and quality devices. Additionally, rising aging population, introduction of home healthcare services, semiconductor devices, telemedicine facilities and nanotechnology in healthcare industry, technological upgradations and rising healthcare costs are favorable factors which help in growing the demand for portable medical electronic products. However, connectivity issues and security concerns are the factors limiting the market growth. Product miniaturization is a key opportunity for market growth.

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Manufacturing firms are focusing on development of cost effective devices to capture maximum share in global portable medical electronic products market. Portable medical electronic applications are experiencing superior demand in pulse oximeter, respiratory, blood pressure monitors, medical imaging and heart monitors. North America accounted for the largest share in global portable medical electronic products market followed by Europe. Growth of the region is attributed to the technological advancements and consumer demand for portable medical electronic products. Asia Pacific is expected to witness huge growth due to increasing demand for portable medical electronic products in emerging countries such as China, Japan and India.

Some of the key players in global portable medical electronic products market include Abbott Laboratories Inc., Apex Biotechnology Corp., Arkray Usa Inc., B. Braun melsungen AG, Bayer Healthcare AG, Carefusion Corp., Contec Medical Systems Co. Ltd., Covidien Plc, GE Healthcare Ltd., Johnson...