Sweden Portable Medical Devices Market Size & Outlook
Sweden portable medical devices market, 2018-2030 (US$M)
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Sweden portable medical devices market highlights
- The Sweden portable medical devices market generated a revenue of USD 619.9 million in 2023 and is expected to reach USD 1,349.3 million by 2030.
- The Sweden market is expected to grow at a CAGR of 11.8% 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 619.9 million |
| Market revenue in 2030 | USD 1,349.3 million |
| Growth rate | 11.8% (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, Sweden 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 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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Sweden 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 47.86% in 2023. Horizon Databook has segmented the Sweden 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 Sweden, ischemic heart disease is the most prevalent form of heart disease. The age-adjusted death rate in Sweden is 50.98 per 100,000 people, ranking it 161st in the world. Diabetes is a major contributor to ischemic heart disease and other cardiovascular conditions. Around 5% of the population will have diabetes in 2021, according to a compilation of development indicators prepared by the World Bank from authoritative sources.
If current trends persist, 10.3% of people in Sweden will develop diabetes by 2050. Important risk factors for diabetes and cardiovascular disease include high blood pressure and cholesterol, smoking, stress, inactivity, poor eating habits, and an unhealthy weight. An estimated 31.1% of the population in the country does not engage in physical activity.
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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into Sweden portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden portable medical devices market size, by product, 2018-2030 (US$M)
Sweden Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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