Portable medical and healthcare devices are used in the healthcare industry to simplify and improve patient care. They bring care from a hospital or doctor's office into the user's home, giving patients both convenience and mobility. These devices are distinguished by their low power consumption, dependability, and cost-effective sensor technologies. They aid in the early detection of a variety of diseases, including diabetes and cardiovascular disorders. The use of these portable devices reduces the number of doctor visits for users while effectively monitoring cardiac and respiratory wellness.
According to Centers for Disease Control and Prevention (CDC) estimates that nearly 30.3 million Americans had diabetes. This is expected to rise further, boosting the adoption of technologies such as continuous glucose monitoring and insulin pumps in this region. Ongoing trends of accurate and real-time monitoring are vital factors escalating market growth, as is increasing awareness of the benefits of portable devices, such as increased mobility and an increase in the number of product approvals by regulatory authorities and subsequent product launches, which are among the major factors driving the portable medical and healthcare devices market.
Data Bridge Market Research analyses that the portable medical and healthcare devices market which was USD 64.58 billion in 2022, is expected to reach USD 137.43 billion by 2030, at a CAGR of 9.9% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America dominates the portable medical and healthcare devices market due to rising treatment rates, increased adoption of technologically advanced devices, and favourable government initiatives for early disease diagnosis in this region.
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Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the region's adoption of smart wearables, improved treatment rates, and improved healthcare infrastructure.
Some of the major players operating in the portable medical and healthcare devices market are:
F. Hoffmann-La Roche Ltd (Switzerland)
SAMSUNG (South Korea)
Medtronic (Ireland)
BD (U.S.)
Terumo Corporation (Japan)
NIPRO (Japan)
QIAGEN (Germany)
Medical s.r.l. (Italy)
TERUMO BCT, INC. (U.S.)
Fresenius Kabi AG (Germany)
Grifols, S.A (Spain)
Micsafe SARSTEDT AG & Co. KG (Germany)
Retractable Technologies, Inc. (U.S.)
FL MEDICAL s.r.l. Unipersonale (Italy)
General Electric (U.S.)
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