U.S. Portable Medical Devices Market Size & Outlook
U.S. portable medical devices market, 2018-2030 (US$M)
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U.S. portable medical devices market highlights
- The U.S. portable medical devices market generated a revenue of USD 23,303.3 million in 2023 and is expected to reach USD 46,192.1 million by 2030.
- The U.S. 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.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 23,303.3 million |
| Market revenue in 2030 | USD 46,192.1 million |
| Growth rate | 10.3% (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, U.S. accounted for 33.7% 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 North America, U.S. portable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 8,092.9 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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U.S. 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 U.S. 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 U.S. accounted for the largest share in North America due to technological advancements and recent approval of many portable medical devices. Increasing healthcare expenditure and a high per capita income are key factors driving the market. Moreover, increasing demand for innovative medical devices, owing to advantages such as improved outcomes, access to real-time values, trend information & alerts, intuitive user interface, convenience & comfort, and connectivity to wearables, in
the U.S. is expected to drive the market over the forecast period. For instance, Dexcom G6 Pro collects glucose data in real-time over a 10-day period and offers both blinded and unblinded modes. Real-time glucose data is hidden from the patient in blinded mode, and the results are evaluated retrospectively with their healthcare provider at the end of the session. Patients can access their glucose data during the 10-day sensor use in unblinded mode to obtain insights and make real-time treatment decisions.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into U.S. portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. portable medical devices market size, by product, 2018-2030 (US$M)
U.S. Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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