Global Ambulatory Device Market Forecast to 2027
According to a recent report by Emergen Research, the global market for ambulatory devices is expected to reach USD 15.20 billion by 2027. Due to the growing preference for outpatient services and the desire to avoid hospital stays and the associated costs, ambulatory devices are in higher demand. A patient's blood sugar levels, blood pressure, body temperature, oxygen saturation, sleep activity, pulse rate, level of consciousness, pain, urine output, and respiration rate can all be measured using gadgets on the market.
Ambulatory devices are also equipped with advanced technologies to provide additional benefits of portability, Bluetooth connectivity, installed tracking system, and portability. The devices are used by the older population or by people who are suffering from a neurological deficit or musculoskeletal impairments. Thus, the growing geriatric population and surge in the incidence of diseases are propelling the market demand.
The report investigates the factors influencing industry growth in the global Ambulatory Device Market and makes accurate predictions about the growth pattern. The report focuses on the market's key elements, such as drivers, restraints, opportunities, threats, risks, limitations, and other factors. The report includes a detailed analysis of the company profiles, product portfolio, and business expansion strategies, as well as a comprehensive analysis of the competitive landscape.
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Competitive Terrain:
The global Ambulatory Device industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Baxter International Inc., Abbott Laboratories, BioTelemetry, Inc., Becton, Dickinson, and Company, Boston Scientific Corporation, CamNtech Ltd., Cadwell Industries, Inc., Compumedics Limited, Cardiovascular Systems, Inc.,, General Electric Company
Research Report on the Ambulatory Device Market Addresses the Following Key Questions:
- Who are the dominant players of the Ambulatory Device market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Ambulatory Device market?
- What are the key growth drivers and restraining factors of the Ambulatory Device market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Ambulatory Device market and its key segments?
Market Overview:
The report bifurcates the Ambulatory Device market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Infusion Systems
- Monitoring Devices
- Records
- Others
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Drug Delivery
- ECG Monitoring
- Blood Glucose Monitoring
- Blood Pressure Monitoring
- EEG Monitoring
- Others
- End-User Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Ambulatory Surgical Centers
- Other
Regional Landscape section of the Ambulatory Device report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights from the Report
- In September 2020, the Masimo Rad-G pulse oximeter was clarified by the FDA. The pulse oximeter is a handheld device that combines respiration rate from the pleth (RRp) and Masimo’s signal extraction technology (SET) pulse oximetry, which is used to spot-check or continually monitor.
- An infusion pump is a medical device which delivers fluids, such as medications and nutrients, into a patient’s body in a limited amount. Infusion pumps are widespread usage in clinical settings such as nursing homes, hospitals, and also in the home.
- An ECG monitoring application monitors heart electrical activity and shows a moving line of peaks and dips. It measures the electrical current, which runs through one’s heart. The growing incidence of heart diseases has propelled the demand for the market.
- Hospitals witness an increased demand for ambulatory devices as there is a rise in emergency cases, and hospital staff requires portable devices for easy monitoring. The segment will grow with a significant CAGR during the forecast period.
- North America will dominate the market for ambulatory devices. The region has a well-developed healthcare sector, and the presence of major market players are propelling the demand for the market.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Ambulatory Device market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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