LONDON, April 4, 2016 /PRNewswire/ -- This BCC Research report explores current and future strategies of vendors in the PMEP market, which includes products for diagnosis, testing, therapy and for first aid and other applications. Includes forecast through 2020.
Use this report to:
Analyze the portable medical equipment products (PMEPs) market and its applications.
Analyze the emerging markets for PMEPs across India, China, Japan, Korea, Taiwan, Canada, African continent, Australia and New Zealand.Gain information about the regulatory environment and technology for PMEPs.
Gain information about new product launches in portable medical devices from top manufacturers.
The global market for portable medical equipment products (PMEPs) will grow from $54.2 billion in 2015 to $65.7 billion in 2020 with a compound annual growth rate (CAGR) of 3.9% for the period of 2015-2020.
The U.S. was the leading consumer of PMEPs and should reach approximately $20.5 billion in 2015 and $25.4 billion by 2020, with a CAGR of 4.4%.
The European market is expected to increase from nearly $15.2 billion in 2015 to nearly $18.6 billion in 2020, with a CAGR of 4.1%.
STUDY GOALS AND OBJECTIVES
The objective of this report from BCC Research is to investigate and understand the market perspective for portable medical electronic products (PMEPs). This study provides an overview of the current and future global market for PMEPs (which are defined as medical products that have an electronic circuit with at least one
microprocessor, which regulates the functions of the products).
This report explores current and future strategies of vendors in the PMEP market, which includes products for diagnosis, testing, therapy and for first aid and other applications. The changes in the market, including the setbacks and the needs of the market, are discussed in this report. The classifications, comparisons and usage of these types of devices/instruments are also contained in this report.
For this report, a detailed analysis of the PMEP industry structure has been conducted.
The revenues are broken down by region and have been estimated for the five-yearperiod from 2015 through 2020.
The report also looks at the end users of PMEPs, with emphasis on the use of these products in home care settings, and small as well as large healthcare facilities. The report also covers significant patents and their allotments by various categories.
REASONS FOR DOING THE STUDY
PMEPs are lightweight and can be easily transported wherever required. These products find their utility in diagnosis and testing, therapy and first aid, and other applications such as physiotherapy, acupuncture, cryotherapy, etc. Growing demand for portable medical device equipment has brought about significant change over the past few years in the industry.
Reasons for conducting this study now include growth in R&D spending, along with increasing competition, patent expiries and new technologies.
Acquisition strategies and collaborations by the makers of these products are also covered in this report. This study also discusses the strengths and weaknesses of the market in light of the new technologies, growing competition and changing customer needs.
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