Wireless portable medical device market

Cleveland, Ohio – The wireless portable medical device market based on different types of components is segmented into sensors (temperature sensor, blood glucose sensor, blood oxygen sensor, ECG sensor, image sensor, flow sensor, heart rate sensor, inertial sensor, pressure sensor, level sensor, and position sensor), ICs, and processors.

According to a new report, "Wireless Portable Medical Device Market by Technology, Component, Application, and Geography – Global Forecast to 2020," the total wireless portable medical device market is expected to grow from $7.52 billion in 2013 to $17.71 billion in 2020, growing at an estimated CAGR of 12.20% from 2014 to 2020. Application areas of wireless portable medical devices include monitoring, medical therapeutics, diagnosis, and fitness and wellness.

Wireless portable medical devices exhibit a huge potential in terms of applications such as monitoring, medical therapeutics, diagnosis, and fitness and wellness. A continuous development of innovative electronic devices, low cost medical facilities, and continuous support by various governments is leading towards heavy investment in research and development in healthcare and the portable medical devices market. 

The report on the wireless portable medical device market analyzes the portable medical devices supply chain, giving a very clear insight of all major and supported segments to the industry. The market has been segmented based on different technologies, components, applications and discussed in detail with market size projections in terms of value and volume. 

This report also analyzes market trends and technologies in market dynamics such as drivers, restraints, and opportunities along with the industry’s burning issues and winning imperatives.

In the medical electronics market, the sensors segment has captured the majority of the market share. Some of the major companies in wireless portable medical device market include GE Healthcare (U.K.), Maxim Integrated (U.S.), Texas Instruments (U.S.), STMicroelectronics N.V. (Switzerland), Freescale Semiconductor Inc. (U.S.), ON Semiconductor Corporation (U.S.), Philips Healthcare (Netherland), Omron Healthcare (Japan), Medtronic Inc. (U.S.), Analog Devices (U.S.) and (Japan).

Source: MarketsAndMarkets