The Portable Medical Devices Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Portable Medical Devices Market?
The market size of the Portable Medical Devices Global Market Report 2024 has seen quick growth in the past. It is predicted to increase from $55.17 billion in 2024 to $61.25 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 11.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Portable Medical Devices Industry?
The global market for portable medical devices is anticipated to expand to a size of $95.56 billion by 2029, with a compound annual growth rate (CAGR) of 11.8%.
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What are the Key Growth Drivers Fueling the Portable Medical Devices Market?
The key drivers in the portable medical devices market are:
• Incidence of global health pandemics
• Integration of digital health in portable devices
• Increased adoption of home healthcare settings
• Containment of healthcare costs and adoption of wearable health tech.
Global Market Segmentation: Identifying Major Portable Medical Devices Industry Segments
The portable medical devices market covered in this report is segmented –
1) By Product: Therapeutics, Smart Wearable Medical Devices, Diagnostic Imaging, Monitoring Devices, Neuromonitoring, Cardiac Monitoring, Respiratory Monitoring, Neonatal Monitoring, Fetal Monitoring, Other Products
2) By Application: Cardiology, Orthopedics, Gynecology, Urology, Gastrointestinal, Neurology, Other Applications
3) By End-User: Hospitals, Clinics, Homecare Patient, Ambulatory Care Centers, Surgical Centers, Other End Users
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What are the Emerging Trends Shaping the Future of the Portable Medical Devices Market?
The key trends in the portable medical devices market are:
• Advancements in battery technology for portable medical devices is an upcoming trend.
• AI and machine learning integration in portable medical devices is expected to steer the market.
• The future development of smart inhalers and drug delivery devices shows a significant trend.
• Blockchain technology and augmented reality integration in healthcare hold a promising future.
Who Are the Top Competitors & Leading Players in the Portable Medical Devices Market?
The major players in the portable medical devices market are:
• Cardinal Health Inc
Regional Dominance: Which Area Leads the Global Portable Medical Devices Market?
North America was the largest region in the portable medical devices market in 2024
