The Business Research Company’s report on the Portable Medical Devices Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the portable medical devices market in recent years?
The growing prevalence of chronic diseases is expected to propel the growth of the portable medical devices market going forward. Chronic diseases are described generically as problems that persist a year or longer, need continuing medical treatment, and interfere with everyday activities. Portable medical devices assist patients suffering from chronic diseases in tracking their health-related conditions, such as physiological conditions in post-acute, rehabilitation, and chronic cases. For instance, in January 2023, according to the National Library of Medicine, a US-based agency, the number of people in the US aged 50 and older who have at least one chronic condition would increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the growing prevalence of chronic diseases drives the portable medical devices market.
Access Your Free Sample of the Global Portable Medical Devices Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12145&type=smp
What is the projected market size of the portable medical devices industry, and how is it expected to grow?
The portable medical devices market size has grown rapidly in recent years. It will grow from $55.17 billion in 2024 to $61.25 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to miniaturization of electronics, increasing chronic diseases, aging population, telehealth and remote monitoring, point-of-care testing
The portable medical devices market size is expected to see rapid growth in the next few years. It will grow to $95.56 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to global health pandemics, digital health integration, increased home healthcare, healthcare cost containment, and wearable health tech adoption. Major trends in the forecast period include advancements in battery technology, AI and machine learning integration, smart inhalers and drug delivery devices, integration of augmented reality, and blockchain technology in healthcare.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=12145&type=smp
Who are the key players driving competition in the portable medical devices market?
Major companies operating in the portable medical devices market include Cardinal Health Inc., Johnson & Johnson Services Inc., 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., 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.
What key trends are expected to drive the population screening market during the forecast period?
Technological innovation is a key trend gaining popularity in the portable medical devices market. Major companies operating in the portable medical devices market are adopting new technologies to sustain their position in the market. For Instance, in November 2022, Philips, a Netherland-based conglomerate corporation, launched the Compact 5000 series of a next-generation compact portable ultrasound solution. This innovative system is featured with Philips collaboration live secure real-time telemedicine software that can call on additional clinical expertise via confident voice, text, screen sharing, and video streaming from anywhere with a mobile or internet connection and aims to increase accessibility to the diagnostic capabilities of high-end cart-based ultrasound machines. The Ultrasound Compact 5000 Series system is tailored with an optional battery to provide 2.5 hours of scanning time and 20% faster power-up capabilities. It is made to provide shared services for various medical specialties, such as cardiovascular, obstetrics and gynecology, point-of-care, and general imaging.
Which key geographies are driving the growth of the portable medical devices market?
North America was the largest region in the portable medical devices market in 2024. The regions covered in the portable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/portable-medical-devices-global-market-report
What are the key segments driving growth in the portable medical devices market?
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
Subsegments:
1) By Therapeutics: Portable Infusion Pumps, Portable Oxygen Concentrators, Portable Dialysis Devices
2) By Smart Wearable Medical Devices: Smartwatches With Health Monitoring, Fitness Trackers, Smart Clothing
3) By Diagnostic Imaging: Portable Ultrasound Devices, Handheld X-ray Devices, Portable MRI Systems
4) By Monitoring Devices: Blood Glucose Monitors, Portable ECG Monitors, Portable Blood Pressure Monitors
5) By Neuromonitoring: Portable EEG Devices, Wearable Neuromodulation Devices
6) By Cardiac Monitoring: Holter Monitors, Implantable Cardiac Monitors, Remote Cardiac Monitoring Systems
7) By Respiratory Monitoring: Portable Spirometers, Home Sleep Apnea Testing Devices, Portable Respiratory Rate Monitors
8) By Neonatal Monitoring: Portable Pulse Oximeters For Infants, Portable Cardiac Monitors For Neonates
9) By Fetal Monitoring: Portable Fetal Heart Rate Monitors, Wireless Fetal Monitoring Systems
10) By Other Products: Portable Defibrillators, Mobile Health Apps, Telehealth Devices
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12145
What defines the structure and scope of the portable medical devices market?
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.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
