Southeast Asia Portable Medical Devices Market Size, Share and Demand 2022-2027

According to the latest market research report published by Fairfield Market Research, the portable medical devices market in Southeast Asia is poised to witness substantial growth, reaching a market value of US$96.9 billion by the end of 2027. The market is estimated to register a robust compound annual growth rate (CAGR) of 9.2% during the forecast period from 2022 to 2027.

Access Full Report: https://www.fairfieldmarketresearch.com/report/portable-medical-devices-market

The widespread adoption of continuous monitoring and diagnostic solutions across various healthcare settings, including home care settings, ambulatory care settings, small clinics, pop-up healthcare check-up hubs, and hospice/palliative care, will continue to drive the prospects of the portable medical devices market in Southeast Asia. These devices leverage wireless connectivity, such as Bluetooth and other means, and rely on cloud-based storage for data management and retrieval.

Integration with software applications on mobile devices enhances the features of these portable medical devices, allowing for data visibility, sharing, communication between patients and providers, decision making, and real-time monitoring. The availability of real-time monitoring and notifications for abnormal readings has proven to be lifesaving for many patients. Miniaturization of hardware components has made these devices more portable and user-friendly. Among the most sought-after categories in the portable medical devices market are blood pressure monitors, continuous glucose monitors, portable ECGs, automated insulin pumps, and compact CT and X-ray devices.

The COVID-19 pandemic has acted as a strong booster for the portable medical devices market, with a growing demand for continuous monitoring and diagnostics solutions, particularly in the post-pandemic period. Despite its attractiveness, the market faces challenges such as constant product miniaturization, high price competition, and market fragmentation, which restrain its performance. However, the rising demand for healthcare services, including aged care, home care, and hospice centers, presents lucrative growth opportunities for the portable medical devices market in Southeast Asia. Furthermore, efforts to reduce hospital admissions are expected to drive the adoption rate and fuel market growth.

Emerging countries in Southeast Asia, such as India and China, offer increasing opportunities for portable medical devices market players due to factors such as rising medical tourism, high disposable incomes, aggressive marketing, and a growing population suffering from chronic diseases. The availability of cost-effective products from smaller players has attracted untapped demographics in these regions.

While North America and European countries currently dominate the portable medical devices market, Southeast Asia is anticipated to experience phenomenal growth. The presence of major market players, higher spending capacity, government rebates, and increased awareness about remote healthcare services contribute to the significant revenue generation in North America and Europe. However, the Asia Pacific region, driven by its booming medical tourism industry, availability of advanced products at lower prices, and a constantly rising patient population, is expected to exhibit the highest CAGR of 10.4% during the forecast period from 2022 to 2027.

Prominent players in the global portable medical devices market, such as Medtronic PLC, Siemens Healthcare, GE Healthcare, Philips, Omron, Roche Diagnostics, Canon, and Shimadzu, continue to focus on innovation, aiming to expand their market share across different regions and strengthen their market positioning.

Web: https://www.fairfieldmarketresearch.com/

Email: sales@fairfieldmarketresearch.com



Comments

Post a Comment

Popular posts from this blog

Australia Bicycle Market Size and Analysis 2021-2026

Image
The bicycle market in Australia is set to witness substantial growth in the coming years, driven by the increasing demand for green and sustainable transportation options. According to a recent report, the global bicycle market is projected to reach a value of US$100.8 billion by 2026, registering a remarkable compound annual growth rate (CAGR) of 12.7% between 2021 and 2026. The Australian bicycle market is expected to contribute significantly to this growth trend. Access Full Report: https://www.fairfieldmarketresearch.com/report/bicycle-market   One of the key drivers behind the surge in bicycle sales is the growing concern about environmental impact and the need for eco-friendly transportation alternatives. With mounting worries about carbon emissions and vehicular pollution, governments and consumers alike are embracing bicycling as a greener and healthier mode of transportation. The Australian government has also been undertaking various initiatives to reduce carbon emissi...
Read more

Global Narcolepsy Drugs Market Analysis, Share and Size 2021-2026

Image
The global narcolepsy drugs market is poised for robust revenue growth in the coming years, according to Fairfield Market Research. With increasing prevalence and awareness of narcolepsy, the market is expected to exhibit a healthy pace of 11.2% CAGR during the forecast period from 2021 to 2026, reaching a value of US$6588.0 million by 2026, compared to US$3875.1 million in 2021. Narcolepsy, a neurological condition affecting approximately one in every 2000 people in the U.S., poses significant challenges to patients' daily lives. Symptoms such as excessive daytime sleepiness, cataplexy, automatic behaviors, hallucinations, and sleep paralysis hinder normal functionality at work and in social situations. However, despite the debilitating nature of the condition, narcolepsy often goes undiagnosed, with misdiagnosis rates as high as 75%. Access Full Report: https://www.fairfieldmarketresearch.com/report/narcolepsy-drugs-market Early detection and diagnosis are crucial in providin...
Read more

From Niche to Mainstream: The Evolving Dynamics of the Foam Roller Market 2023-2030

Image
The global foam roller market, currently valued at 1.8 billion USD, is projected to experience substantial growth at a compounded annual growth rate (CAGR) of 8% in the coming years. This remarkable trajectory can be attributed primarily to the increasing demand for rehabilitation equipment, driven by the growing prevalence of back pain and tight muscles among individuals worldwide. Access Full Report: https://www.fairfieldmarketresearch.com/report/foam-roller-market The foam roller, a versatile tool used by athletes across all sports, has gained popularity for its ability to assist in stretching out muscles and relieving knots and myofascial build-up. Regular exercise often leads to strains and tightness, and foam rollers prove instrumental in aiding athletes' quick recovery from physical stress. Among the commonly sold foam roller types are hollow and solid foam rollers, both of which effectively loosen muscles and tendons. Runners, for instance, can utilize these equipment pi...
Read more