North America Portable Medical Devices Market Size & Outlook
North America portable medical devices market, 2018-2030 (US$M)
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North America portable medical devices market highlights
- The North America portable medical devices market generated a revenue of USD 27,251.8 million in 2023.
- The market is expected to grow at a CAGR of 10.3% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 27,251.8 million |
| Market revenue in 2030 | USD 54,285.0 million |
| Growth rate | 10.3% (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 |
| 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, North America region accounted for 39.4% 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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North America 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 North America 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.
North America dominated the portable medical devices market in 2022 and is expected to maintain its position during the forecast period. Major factors contributing to the growth of this region include high penetration of diagnostic, therapeutic, and monitoring portable medical devices for disease management.
U.S. were expected to have atrial fibrillation by the year 2030. Therefore, the growing prevalence of AFib is anticipated to boost market growth, as patients with this condition require constant monitoring. In addition, the launch and approval of advanced, next-generation devices in the U.S. and Canada, as well as technological advancements in portable medical devices, are likely to drive the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America portable medical devices market, including forecasts for subscribers. This continent databook contains high-level insights into North America portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America portable medical devices market size, by country, 2018-2030 (US$M)
North America Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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