New Zealand Portable Medical Devices Market Size & Outlook
New Zealand portable medical devices market, 2018-2030 (US$M)
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New Zealand portable medical devices market highlights
- The New Zealand portable medical devices market generated a revenue of USD 307.6 million in 2023 and is expected to reach USD 619.2 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 10.5% 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.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 307.6 million |
| Market revenue in 2030 | USD 619.2 million |
| Growth rate | 10.5% (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, New Zealand accounted for 0.4% 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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New Zealand 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 47.89% in 2023. Horizon Databook has segmented the New Zealand 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.
According to the 2018/2019 New Zealand Health Survey, 11.5% of adults took medication for asthma (452,000 adults), 4.3% of adults had been diagnosed with ischemic heart disease (168,000 adults), 8.2% of adults had psychological distress (323,000 adults), 5.8% had been diagnosed with diabetes (227,000 adults), and 19.8% had been diagnosed with depression, anxiety, or bipolar disorder (778,000 adults).
Hence, the increasing prevalence of these disorders is anticipated to boost the market demand for portable medical equipment such as insulin pumps, Holter monitors, and vital sign monitors 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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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 country-level data and insights on the New Zealand portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into New Zealand portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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New Zealand portable medical devices market size, by product, 2018-2030 (US$M)
New Zealand Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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