Global Portable Medical Devices Market Trends 2024, Forecast To 2033
8 Mar, 2024
The portable medical devices market has experienced rapid growth, from $50.59 billion in 2023 to $56.6 billion in 2024, with a CAGR of 11.9%. This growth is attributed to factors such as the miniaturization of electronics and increasing chronic diseases. Anticipated growth to $85.86 billion by 2028, with a CAGR of 11.0%, is driven by factors like global health pandemics and increased home healthcare. Major trends include advancements in battery technology and the integration of artificial intelligence.
Global Portable Medical Devices Market Key Driver
The portable medical devices market is set for growth due to the escalating prevalence of chronic diseases, requiring continuous medical attention. These devices aid patients in managing their health conditions, particularly in post-acute, rehabilitation, and chronic cases. Projections from the National Library of Medicine highlight a substantial increase in the number of individuals aged 50 and older with chronic conditions in the US, underscoring the market's potential expansion.
Get A Free Sample Of The Global Portable Medical Devices Market ReportGlobal Portable Medical Devices Market Segments
The portable medical devices market covered in this report is segmented –
1) Product:Therapeutics, Smart Wearable Medical Devices, Diagnostic Imaging, Monitoring Devices, Neuromonitoring, Cardiac Monitoring, Respiratory Monitoring, Neonatal Monitoring, Fetal Monitoring, Other Products
2) Application:Cardiology, Orthopedics, Gynecology, Urology, Gastrointestinal, Neurology, Other Applications
3) End-User:Hospitals, Clinics, Homecare Patient, Ambulatory Care Centers, Surgical Centers, Other End Users
By Geography: The countries covered in the portable medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the portable medical devices market in 2023. The regions covered in the portable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Portable Medical Devices Industry Players
Cardinal Health Inc.; Johnson & Johnson Services Inc.; F. Hoffmann-La Roche Ltd.; Panasonic Holdings Corporation; Abbott Laboratories; Medtronic PLC; Siemens Healthcare Private Limited; Fujifilm Holdings Corporation; Becton, Dickinson and Company; Koninklijke Philips N.V.; Stryker Corporation; Baxter International Inc.; Infineon Technologies AG; Boston Scientific Corporation; Biotricity Inc.; Grifols S.A; Terumo Corporation; Fresenius Kabi AG; GE HealthCare Technologies Inc.; Hologic Inc.; Dexcom Inc.; QIAGEN GmbH; Nipro Corporation; Omnivision Technologies Inc.; Shockwave Medical Inc.; SARSTEDT GROUP; Morepen Laboratories Ltd.; Omron Healthcare Inc.; Natus Medical Incorporated; Samsung Healthcare; Pulsatom Health Care Pvt. Ltd.
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Portable Medical Devices Market Overview
Portable medical devices refer to any device intended to be used alone or in combination for a medical purpose. Portable medical devices include any instrument, equipment, implement, machine, appliance, implant, reagent for in vitro usage, software, material, or other similar or related items that are easy to carry.