Global Portable Medical and Healthcare Devices Market Report and Forecast 2025-2034

Based on the type, the medical monitoring devices segment accounted for the majority of the market share in 2020. The segment growth is attributed to the technological advancements such as compact design and mobility, new product approvals, and increasing demand from healthcare centres. Also, the wearable health and fitness devices are expected to register the fastest CAGR over the forecast period, owing to the rising demand for smart wristbands that leads to continuous health monitoring.

Regionally, the United States holds the leading position in the market in 2020, accounting for the majority of the total market share. The rise in disposable income, well-established healthcare infrastructure, and a high prevalence of cardiac disease are expected to fuel the demand for the market in the country.

Market Segmentation

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Market Analysis 

A significant growth in the geriatric population and the rising demand for wearable activity trackers are the prime factors attributing to the market growth. Moreover, increasing research and development (R&D), and technological advancements are further expected to influence the market growth during the forecast period. In addition, health-conscious users are widely utilising smart fitness wearable devices to monitor their heart rate and improve their overall health, which is further creating a positive outlook for the market. The portable medical and healthcare devices find their application in remote patient monitoring, which helps in reducing healthcare costs, which, in turn, is projected to drive the demand in the coming years. Additionally, wearables aid in evaluating the performance, physiological parameters, and body kinematics of athletes. Thus, increasing adoption among professional athletes is also expected to fuel the market growth. The rising number of product approvals and subsequent product launches is further anticipated to boost up the market growth over the years to come. 

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global portable medical and healthcare devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Koninklijke Philips N.V.
• Medtronic plc
• General Electric Company
• Abott
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.