Global Portable Medical Devices Market Size & Outlook
Global portable medical devices market, 2018-2030 (US$M)
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Global portable medical devices market highlights
- The global portable medical devices market generated a revenue of USD 69,192.9 million in 2023 and is expected to reach USD 146,394.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.3% by 2030.
- In terms of segment, monitoring devices accounted for a revenue of USD 33,109.0 million in 2023.
- Smart Wearable Medical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 69,192.9 million |
| Market revenue in 2030 | USD 146,394.1 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Monitoring devices |
| Fastest growing segment | Smart Wearable Medical Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Wearable Medical Devices, Diagnostic Imaging, Therapeutics, Monitoring Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 39.4% of the global portable medical devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 1,098.3 million by 2030.
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Portable Medical Devices Market Scope
Portable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global portable medical devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to portable medical devices market will help companies and investors design strategic landscapes.
Monitoring devices was the largest segment with a revenue share of 47.85% in 2023. Horizon Databook has segmented the Global portable medical devices market based on smart wearable medical devices, diagnostic imaging, therapeutics, monitoring devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Portable Medical Devices Product Outlook (Revenue, USD Million, 2018-2030)
- Smart Wearable Medical Devices
- Diagnostic Imaging
- CT
- X-ray
- Ultrasound
- Endoscope
- Therapeutics
- Insulin Pump
- Nebulizer
- Oxygen Concentrator
- Image-guided Therapy Systems
- Monitoring Devices
- Fetal Monitoring
- Neonatal Monitoring
- Hemodynamic Monitoring Systems
- Vital Sign Monitors
- Cardiac Monitoring
- Holter Monitors
- Resting ECG System
- Stress ECG Monitors
- Event Monitoring Systems
- ECG Management Systems
- Neuromonitoring
- EEG Machines
- EMG Machines
- ICP Monitors
- MEG Machines
- Cerebral Oximeters
- Respiratory Montioring
- Capnographs
- Spirometers
- Peak Flow Meters
- Global Portable Medical Devices Application Outlook (Revenue, USD Million, 2018-2030)
- Gynecology
- Cardiology
- Gastrointestinal
- Urology
- Neurology
- Respiratory
- Orthopedics
- Others
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Target buyers of Global portable medical devices market databook
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Our clientele includes a mix of portable medical devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global portable medical devices market, including forecasts for subscribers. This global databook contains high-level insights into Global portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global portable medical devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Portable medical devices market size, 2023 (US$M)
Global portable medical devices market share, by product, 2023 & 2030 (%, US$M)
Portable medical devices market: Opportunity assessment by country
Global portable medical devices market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 16,862.5 | 18,405.4 | 21,531.3 | 24,603.7 | 24,991.9 | 27,251.8 | 29,860.5 | 32,798.3 | 36,051.7 | 39,811.2 | 44,062.6 | 48,843.1 | 54,285.0 | 10.4% |
| Europe | 11,226.4 | 12,329.5 | 14,542.1 | 16,859.9 | 17,057.1 | 18,732.4 | 20,665.8 | 22,895.7 | 25,418.7 | 28,391.5 | 31,800.4 | 35,724.0 | 40,277.4 | 11.6% |
| Asia Pacific | 9,433.1 | 10,473.1 | 12,077.1 | 14,030.2 | 14,557.9 | 16,211.0 | 18,114.4 | 20,289.0 | 22,718.5 | 25,562.8 | 28,862.5 | 32,630.0 | 37,074.4 | 12.5% |
| Latin America | 2,678.6 | 2,928.7 | 3,501.9 | 4,120.5 | 4,131.9 | 4,568.4 | 5,071.6 | 5,655.1 | 6,333.1 | 7,133.0 | 8,067.1 | 9,159.9 | 10,455.2 | 12.6% |
| MEA | 1,531.8 | 1,646.8 | 1,882.8 | 2,175.7 | 2,245.3 | 2,429.3 | 2,629.3 | 2,847.4 | 3,085.6 | 3,349.8 | 3,639.6 | 3,957.7 | 4,302.2 | 8.5% |
| Overall | 41,732.3 | 45,783.5 | 53,535.2 | 61,790.0 | 62,984.1 | 69,192.9 | 76,341.5 | 84,485.5 | 93,607.6 | 104,248.3 | 116,432.3 | 130,314.7 | 146,394.1 | 11.3% |
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