Europe Portable Medical Devices Market Size & Outlook
Europe portable medical devices market, 2018-2030 (US$M)
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Europe portable medical devices market highlights
- The Europe portable medical devices market generated a revenue of USD 18,732.4 million in 2023.
- The market is expected to grow at a CAGR of 11.6% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 18,732.4 million |
| Market revenue in 2030 | USD 40,277.4 million |
| Growth rate | 11.6% (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, Europe region accounted for 27.1% 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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Europe 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 47.86% in 2023. Horizon Databook has segmented the Europe 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.
Europe held the second-largest revenue share of the global portable medical devices market. The UK, France, Germany, Italy, and Spain are the main markets in this region. Increasing geriatric population in developed countries, such as the UK, Germany, Italy, & France, and presence of high unmet needs in Eastern Europe are some of the factors anticipated to drive growth over the forecast period.
The increasing prevalence of chronic diseases due to lifestyle changes, ease of use & portability of these devices, and growing demand for home-based monitoring are some of the major factors likely to drive the market. However, various factors such as the high cost of technology and stringent regulatory framework are impeding the market growth in developing countries of Europe.
Other factors contributing to growth of this region are local presence of major market players, technological advancements, and growth in business activities, such as launch of new products and mergers & acquisitions. For instance, in September 2019, Baxter International, Inc., a major global company for medical products, acquired Cheetah Medical, a leading provider of noninvasive hemodynamic monitoring technologies.
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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 Europe portable medical devices market, including forecasts for subscribers. This continent databook contains high-level insights into Europe portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe portable medical devices market size, by country, 2018-2030 (US$M)
Europe Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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