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- Global Market for Portable Medical Electronic Products to Reach $77.4 Billion in 2017
Global Market for Portable Medical Electronic Products to Reach $77.4 Billion in 2017
- By Electronics.ca Research Network
- Published January 31, 2013
- Wireless Technology
ATR-Newswire (Press Release) - Jan 31, 2013 - ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Portable Medical Electronic Products: Technologies and Global Markets ". According to this technical market research report, the global market for portable medical electronic products was valued at $49.3 billion in 2011 and should reach $51.9 billion in 2012. Total market value is expected to reach $77.4 billion in 2017 after increasing at a compound annual growth rate (CAGR) of 8.3%.
The market for portable medical electronic products can be broken down into three main segments: diagnosis and testing, therapy, and first-aid and others.
The diagnosis and testing segment should total $23.9 billion in 2012 and $35.2 billion in 2017, a CAGR of 8.1%.
Therapy technologies are expected to reach a total of $23.3 billion in 2012 and $33.6 billion in 2017, a CAGR of 7.6%.
As a segment, first-aid and therapies should reach $4.7 billion in 2012 and $8.6 billion in 2017, a CAGR of 12.8%.
Diagnostic equipment, medical instrumentation, testing devices, and first-aid equipment, which up to a few years ago were only accessible in hospitals, clinics, medical laboratories, doctors’ offices or other healthcare facilities, are becoming smaller, more compact, lightweight and portable, and, in many cases, small enough to be worn by the patient.
In this study, the term portable medical electronic products (PMEPs) is used to define portable medical devices, equipment, and instrumentation that comprise electronic circuits with at least one Microprocessor controlling the various functions of the product.
PMEPs are gaining increasing interest for many reasons. They allow healthcare professionals to provide on-site diagnosis with minimal delay, reducing a patient’s wait for the completion of tests and saving critical time in performing a diagnosis and administering treatment. Another advantage of PMEPs is represented by the fact that doctors and nurses working in the same healthcare facility can readily share the same piece of equipment as needed.
Portable medical electronic products are also contributing to the steady progression in the transfer of certain medical services from the hospital to the doctor’s office to the patient’s home. At the same time, they are becoming critical components for quickly feeding information to healthcare professionals through telehealth technologies and other outpatient services, enhancing care and prevention.
All these aspects are expected to result in a more-efficient, high-quality, and lower-cost healthcare system.
This report will help its readers:
- To identify various commercially available portable medical electronic products, including a description of their types and fabrication technologies
- To highlight new technological developments in PMEP manufacturing, while outlining technical issues
- To review current fields of application for portable medical electronic products and investigate emerging applications
- To estimate current global markets for PMEPs based on application, portability, end user, and region, with growth forecasts through 2017 for each market segment
- To identify important technology and industry trends within each market segment
- To offer an updated review of current producers of portable medical electronic products
- To determine trends in recently issued U.S. patents.
This report will be valuable to many industry participants, including the following:
- Manufacture, sell, and distribute portable medical electronic products
- Fabricate semiconductors for healthcare applications
- Perform laboratory testing for the healthcare industry
- Coordinate the work of physicians, nurses, or other medical care providers
- Provide technical services to the healthcare industry
- Offer marketing services for medical products
- Provide health insurance.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: "Portable Medical Electronic Products: Technologies and Global Markets" .
The market for portable medical electronic products can be broken down into three main segments: diagnosis and testing, therapy, and first-aid and others.
The diagnosis and testing segment should total $23.9 billion in 2012 and $35.2 billion in 2017, a CAGR of 8.1%.
Therapy technologies are expected to reach a total of $23.3 billion in 2012 and $33.6 billion in 2017, a CAGR of 7.6%.
As a segment, first-aid and therapies should reach $4.7 billion in 2012 and $8.6 billion in 2017, a CAGR of 12.8%.
Diagnostic equipment, medical instrumentation, testing devices, and first-aid equipment, which up to a few years ago were only accessible in hospitals, clinics, medical laboratories, doctors’ offices or other healthcare facilities, are becoming smaller, more compact, lightweight and portable, and, in many cases, small enough to be worn by the patient.
In this study, the term portable medical electronic products (PMEPs) is used to define portable medical devices, equipment, and instrumentation that comprise electronic circuits with at least one Microprocessor controlling the various functions of the product.
PMEPs are gaining increasing interest for many reasons. They allow healthcare professionals to provide on-site diagnosis with minimal delay, reducing a patient’s wait for the completion of tests and saving critical time in performing a diagnosis and administering treatment. Another advantage of PMEPs is represented by the fact that doctors and nurses working in the same healthcare facility can readily share the same piece of equipment as needed.
Portable medical electronic products are also contributing to the steady progression in the transfer of certain medical services from the hospital to the doctor’s office to the patient’s home. At the same time, they are becoming critical components for quickly feeding information to healthcare professionals through telehealth technologies and other outpatient services, enhancing care and prevention.
All these aspects are expected to result in a more-efficient, high-quality, and lower-cost healthcare system.
This report will help its readers:
- To identify various commercially available portable medical electronic products, including a description of their types and fabrication technologies
- To highlight new technological developments in PMEP manufacturing, while outlining technical issues
- To review current fields of application for portable medical electronic products and investigate emerging applications
- To estimate current global markets for PMEPs based on application, portability, end user, and region, with growth forecasts through 2017 for each market segment
- To identify important technology and industry trends within each market segment
- To offer an updated review of current producers of portable medical electronic products
- To determine trends in recently issued U.S. patents.
This report will be valuable to many industry participants, including the following:
- Manufacture, sell, and distribute portable medical electronic products
- Fabricate semiconductors for healthcare applications
- Perform laboratory testing for the healthcare industry
- Coordinate the work of physicians, nurses, or other medical care providers
- Provide technical services to the healthcare industry
- Offer marketing services for medical products
- Provide health insurance.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: "Portable Medical Electronic Products: Technologies and Global Markets" .
