Global Market for Portable Medical Devices is Anticipated to Grow Robustly through 2030 and Reach $127 billion

Industry Experts, Inc., has released its latest report on "Portable Medical Devices," which projects the demand for the same to reach US$127 billion by 2030 from an estimated US$72.5 billion in 2024 at a CAGR of 9.8% between the two years.

The portable medical devices market is primarily driven by the growing incidence of chronic illnesses that require effective management solutions. These conditions require continuous monitoring and treatment, leading to a strong demand for portable devices that enable individuals to track and manage their health in real-time from home. The increasing adoption of advanced wearable devices also significantly boosts market growth. These devices, such as smartwatches and health monitors, offer improved data accuracy and enhance patient engagement, making health monitoring easier and more convenient.

The hospitals and clinics end-user segment led the market cornering with an estimated share of 45.7% in 2024, driven by the increased accessibility and flexibility of portable medical devices. These devices reduce issues such as crowded hospital environments and staffing shortages by streamlining workflows, facilitating point-of-care diagnostics, and supporting mobile monitoring, which aids in discharging patients sooner.

The report studies the portable medical devices market across all major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.

The market for major products of portable medical devices analyzed in this report includes Monitoring Devices, Diagnostic Imaging Devices, Therapeutic devices and Smart Wearable Medical Devices. The study also examines the market for applications of products of portable medical devices comprising Cardiology, Gynecology, Orthopedics, Gastrointestinal, Respiratory, Urology, Neurology and Other Applications (Including Musculoskeletal, Vascular, Metabolic, Dermatology, and others). With regard to end-users, the global market for portable medical devices has been categorized into Hospitals and Clinics, Physicians’ Offices, Home Care Settings and Other End-Users (Including Ambulatory Surgical Centers (ASCs), Rehabilitation Centers, and others).

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