Norway Portable Medical Devices Market Size & Outlook
Norway portable medical devices market, 2018-2030 (US$M)
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Norway portable medical devices market highlights
- The Norway portable medical devices market generated a revenue of USD 269.0 million in 2023 and is expected to reach USD 547.8 million by 2030.
- The Norway market is expected to grow at a CAGR of 10.7% 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 269.0 million |
| Market revenue in 2030 | USD 547.8 million |
| Growth rate | 10.7% (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, Norway 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 Europe, Germany portable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 11,495.2 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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Norway 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 Norway 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.
Norway's robust healthcare system and rising need for mobile medical solutions have contributed to the rapid growth of the portable medical devices market.In addition, the increasing prevalence of lifestyle diseases is a significant factor contributing to the market growth.
According to the most recent data provided by WHO in 2020, 5,321 deaths occurred due to coronary heart disease in Norway, or 15.60% of all fatalities. Due to these factors, the demand for portable medical equipment has increased in Norway.
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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 Norway portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into Norway portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway portable medical devices market size, by product, 2018-2030 (US$M)
Norway Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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