India Portable Medical Devices Market Size & Outlook
India portable medical devices market, 2018-2030 (US$M)
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India portable medical devices market highlights
- The India portable medical devices market generated a revenue of USD 2,849.5 million in 2023 and is expected to reach USD 7,210.9 million by 2030.
- The India market is expected to grow at a CAGR of 14.2% 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.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 2,849.5 million |
| Market revenue in 2030 | USD 7,210.9 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Monitoring devices |
| Fastest growing segment | Smart Wearable Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 4.1% of the global portable medical devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China portable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,354.9 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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India 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 47.88% in 2023. Horizon Databook has segmented the India 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.
Indians are more likely to develop diabetes than people in other parts of the world, such as the Americas & Europe, because the Indian diet is high in carbohydrates and saturated fats, which adds more sugar & calories to the body than it needs. Sedentary lifestyle and obesity are also factors contributing to the high prevalence of diabetes.
Thus, the high prevalence of chronic diseases in India is expected to drive the growth of portable medical devices market. Moreover, factors such as new product launches and presence of global players are expected to drive growth. In October 2022, for instance, Max Ventilator announced that it will expand its niche in India by releasing intelligent devices such as ECG, pulse oximeters, and monitors.
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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 country-level data and insights on the India portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into India portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India portable medical devices market size, by product, 2018-2030 (US$M)
India Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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