Healthcare and Pharmaceutical Portable Diagnostic Device Industry Analysis, Size

Portable Diagnostic Device Market - Size, Share,
Emerging Trends, Outlook, and Opportunity Analysis,
2018 – 2026
Global Portable Diagnostic Device Market Opportunity Analysis, and Industry
Forecast till 2026
Information and communication technologies (ICT) are widely used in healthcare industry and have led
to significant advancements in ICT based medical devices. Such developments will significantly reduce
the office visits in the near future. Portable medical diagnostic devices enable the user to perform
diagnosis at home, clinic or any remote area including a suggestion for medication and
recommendation to see a doctor thereby reducing potential health risk. These devices are much
cheaper than conventional diagnostic equipment used by physicians, thus reducing the cost of high-
level healthcare and are much more accessible. Portable medical diagnostic devices are primarily used
to transfer medical data from patients to healthcare professional in real time which could eventually
reduce the spread of pandemic disease.
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Rising need for early diagnosis is expected to drive the market
Need for medical diagnostic devices in remote or developing areas, where professional and
expensive equipment are difficult to access, is primarily increasing the adoption of portable diagnostic
device. Further, ease of access with commercial tablets & smartphones combined with provision of
immediate results for laboratory analysis is also driving the global portable diagnostic devices market.
Increasing private venture funding towards the development of new products and government support
towards adoption of point of care device is also contributing towards growth in revenue generation in
the global portable diagnostic device market.
Portable diagnostic devices are primarily being adopted by healthcare professionals to personally
administer the test to patients for epidemic diseases such as Hepatitis C. Higher efficiency and
advantage of immediate results combined with ability to make timely decisions are some of the most
appealing features increasing the adoption of portable diagnostic device.