The global Portable Medical Devices market is anticipated to grow significantly at a CAGR of 8.2% over the forecast period (2024-2031). The global portable medical devices market is segmented on the basis of product type and end-users. Based on the product type, the market is segmented as monitoring devices, diagnosing devices, therapeutic devices, and fitness & wellness devices. The monitoring devices segment of the market is projected to hold the most substantial share in the global market. Based on the end-users, the market is segmented as hospitals, clinics, homecare, and others. The homecare segment of the market is projected to hold the most substantial share in the global market.
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The segmental growth of the market is accredited to the increased adoption of home-based monitoring devices by consumers for remote monitoring. Besides, the companies operating in the market are also contributing to the segmental growth by launching various easy to use, and hassle-free homecare medical devices. For an instance, Abbott Laboratories offers a Freestyle Libre System that provides relief from routine finger-prick testing of glucose. The sensor present in the glucose monitoring system automatically measures and continuously stores glucose readings day and night. It offers glucose readings with a painless one-second scan even through users’ clothing. Hence, such launches by the companies are likely to aid the growth of the market during the forecast period.
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Market Coverage
- Segment Covered- By Product Type and End-User
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Abbott Laboratories Inc., F. Hoffmann-La Roche AG, GE Healthcare, Medtronic Plc, Natus Medical Inc., Omron Corp., Philips Healthcare NV, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Siemens Healthineers AG, and Texas Instruments Inc. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Portable Medical Devices Market – Segmentation
By Product Type
- Monitoring Devices
- Diagnosing Devices
- Therapeutic Devices
- Fitness & Wellness Devices
By End-User
- Hospitals
- Clinics
- Homecare
- Others
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