Asia Pacific Portable Medical Devices Market Size & Outlook
Asia Pacific portable medical devices market, 2018-2030 (US$M)
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Asia Pacific portable medical devices market highlights
- The Asia Pacific portable medical devices market generated a revenue of USD 16,211.0 million in 2023.
- The market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, monitoring devices was the largest revenue generating product in 2023.
- Smart Wearable Medical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 16,211.0 million |
| Market revenue in 2030 | USD 37,074.4 million |
| Growth rate | 12.5% (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 |
| Key market players worldwide | GE Aerospace, OMRON Corp, Vyaire Medical, Samsung BioLogics, Koninklijke Philips NV, Medtronic PLC, Roche Holding AG, Nox Medical |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.4% of the global portable medical devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 10,455.2 million by 2030.
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Portable Medical Devices Market Scope
Portable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 Asia Pacific 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.
The Asia Pacific region is majorly driven by China and Japan. China dominated the overall portable medical devices market in terms of revenue share. This can be attributed to the local presence of major market players and increasing prevalence of chronic disorders. China is anticipated to be the fastest growing market during the forecast period in the Asia Pacific region.
Thailand, Australia, South Korea, and New Zealand are some of the emerging countries in the rest of this region. Technological advancements in patient monitoring devices and increasing geriatric population coupled with growing prevalence of lifestyle diseases, such as obesity & diabetes, are anticipated to drive the growth of portable medical devices market.
Cardiovascular diseases are among the leading causes of increased mortality and morbidity in Asia Pacific. As a result, the increasing prevalence of these diseases is expected to drive the demand for portable medical devices for cardiac monitoring over the forecast period.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific portable medical devices market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific portable medical devices market size, by country, 2018-2030 (US$M)
Asia Pacific Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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