Wireless medical device market

Dallas, Texas – According to a new market research report of "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 $1.5 billion in 2013 to $2.83 billion in 2020, growing at an estimated CAGR of 9.51% from 2014 to 2020.

With a gradual increase in urbanization and healthcare facilities, the need for wireless portable medical devices is also expected to grow proportionately to be able to support this growth. Developing countries such as India and China are fueling the growth of the medical sector; hence, the wireless portable medical devices market is boosting the overall healthcare sector.

The wireless portable medical device market is expected to benefit from emerging market investments that are lifting the standards of healthcare, while the developed market is expected to continue investing in more efficient medical electronic devices, systems and procedures, which offer better and personalized healthcare. An increase in lifestyle diseases continuously pushes patients for medical monitoring to get their health status to avoid any health related contingencies; medical devices such as cardiac monitors and hemodynamic monitors are continuously gaining market share in the wireless portable medical device applications.

The report's detailed segmentation by technology, component, application, and geography cover all the existing and emerging technologies in the wireless portable medical device market. This report covers sensors such as 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. The report also covers all the major applications of the wireless portable medical devices market such as monitoring, medical therapeutics, diagnosis, and fitness and wellness with qualitative as well as quantitative industry insights.

One of the objectives of the report was to analyze the market trends for each of the wireless portable medical devices market segments and their respective growth rates. Apart from the market segmentation, the report also covers in depth analyses such as Porter's five-force analysis, supply chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the wireless medical portable devices market.

The market size for the Wireless Portable Medical Device Market covers four geographic splits – North America, Europe, Asia-Pacific, and Rest of the World.

The report also includes company profiles of leading players in this industry with their recent developments and other strategic business activities. The competitive landscape section of the report entails key growth strategies and a detailed market share analysis of key industry players. Some of the major players in this market are 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 Renesas Electronics Corporation (Japan).

Source: MarketsandMarkets