UK Portable Medical Devices Market Size & Outlook
UK portable medical devices market, 2018-2030 (US$M)
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UK portable medical devices market highlights
- The UK portable medical devices market generated a revenue of USD 3,826.3 million in 2023 and is expected to reach USD 8,873.1 million by 2030.
- The UK market is expected to grow at a CAGR of 12.8% 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 3,826.3 million |
| Market revenue in 2030 | USD 8,873.1 million |
| Growth rate | 12.8% (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, UK accounted for 5.5% 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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UK 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 UK 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.
The UK is one of the largest markets for portable medical devices in Europe and is expected to witness lucrative growth. Growing geriatric population and rising incidence & prevalence of chronic diseases are some of the major factors contributing to this growth. The geriatric population in the UK has significantly increased in the past five decades.
The increasing geriatric population is a vital impact trendering driver for portable medical devices market. Moreover, wearable technology is gaining popularity, especially in the healthcare industry, where patients are increasingly adopting mobile apps and wearable technology to constantly monitor their health and prevent health-related problems through early intervention & behavioral modification.
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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 UK portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into UK portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK portable medical devices market size, by product, 2018-2030 (US$M)
UK Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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