South Africa Portable Medical Devices Market Size & Outlook
South Africa portable medical devices market, 2018-2030 (US$M)
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South Africa portable medical devices market highlights
- The South Africa portable medical devices market generated a revenue of USD 633.8 million in 2023 and is expected to reach USD 1,098.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.2% 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 633.8 million |
| Market revenue in 2030 | USD 1,098.3 million |
| Growth rate | 8.2% (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, South Africa accounted for 0.9% 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 Middle East & Africa, South Africa portable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 561.4 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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South Africa 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 47.84% in 2023. Horizon Databook has segmented the South Africa 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.
In South Africa, lifestyle diseases, including cardiovascular diseases, are estimated to account for around 43% of total adult deaths. This high prevalence has resulted in increased demand for cardiac monitoring devices, which is driving market demand.
In addition, around 70% of women and a third of men in South Africa are classified as overweight or obese. As a result of these factors, the demand for patient monitoring devices in South Africa has increased, which has led to technological advancements in this field, resulting in development of easy-to-use and portable devices used at home.
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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 South Africa portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into South Africa portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa portable medical devices market size, by product, 2018-2030 (US$M)
South Africa Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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