Portable Medical Devices Market Size, Share & Trends Analysis Report By Product (Diagnostic, Monitoring, Therapeutics, Smart Wearable Devices), By Application, By Region, And Segment Forecast, 2023 - 2030

Portable Medical Devices Market Size, Share & Trends Analysis Report By Product (Diagnostic, Monitoring, Therapeutics, Smart Wearable Devices), By Application, By Region, And Segment Forecast, 2023 - 2030


Portable Medical Devices Market Growth & Trends


The global portable medical devices market size is expected to reach USD 146.4 billion by 2030 to expand at a CAGR of 11.30% from 2023 to 2030 according to a new report by Grand View Research, Inc. The growing adoption of technically advanced image-guided therapy systems and smart wearables, combined with an increasing demand for real-time and continuous monitoring, is expected to drive the market. Increasing awareness about the benefits of wearables, such as enhanced mobility, has also been attributed to an increase in the acceptance of portable medical devices in healthcare facilities.

Technological advancements and rising demand for home healthcare services are anticipated to drive the market in developing economies. Technological improvements in portable medical devices such as the introduction of new technologies to improve accuracy, utility, workflow, and convenience of access will raise the adoption, hence driving growth. In May 2022, Samsung announced the launch of a new portable digital radiography device, the GM85 Fit, which features a user-centric design for effective and efficient patient care. In December 2021, Nox Medical announced the launch of a Nox A1s PSG system that features the flexibility to use from hospital to home and product enhancements to its precursor, Nox A1.

There is a paradigm shift in people's choice toward home healthcare services as a result of the increase in economic burden and rise in the population of people aged 60 and above. In March 2021, Shimmer, a global pioneer in wearable technology applications, introduced Verisense Pulse+, a new sensor for the Verisense platform that includes a photoplethysmography sensor, a galvanic skin response sensor, and an inertial measurement unit. In addition to measuring the activity and sleep patterns of clinical trial participants, the device may also assess heart rate, oxygen saturation, and emotional responses. Therefore, the shift toward homecare settings is expected to increase the need for portable medical equipment.

Moreover, the outbreak of COVID-19 has extended the role of portable medical devices in the healthcare trade. Portable technologies have always been critical for both healthcare professionals and patients in effectively managing health in remote settings. Medical device manufacturers such as Masimo’s revenue increased by 18.1% in 2020, owing to the increase in the global sales of patient monitoring systems during the pandemic. These aforementioned factors played a crucial role in increasing product demand during COVID-19.

Portable Medical Devices Market Report Highlights

  • In terms of product, the monitoring devices segment dominated the portable medical devices market in 2022. Technological advances, new product approvals, and benefits, such as compact design & portability, are factors driving the segment growth.
  • Based on application, the other segment which includes application areas such as oncology, thoracic, vascular, and metabolic, dominated the global market in 2022. Increasing cancer prevalence and the rising use of imaging & image-guided treatment systems are among the key factors contributing to this growth.
  • The cardiology segment is expected to hold the second-largest market share in 2022. Portable cardiology devices are gaining popularity in recent times due to the growing prevalence of cardiovascular diseases globally and the rising preference for minimally invasive or noninvasive treatment of these diseases.
  • North America is estimated to dominate the market throughout the forecast period. High acceptance of technologically advanced devices, government initiatives to aid early detection of diseases, and high treatment rates are among the few drivers of the market.
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Chapter 1 Methodology And Scope
1.1 Market Segmentation
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Gvr’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis
1.7 List Of Secondary Sources
1.8 List Of Abbreviations
1. 1.9 Objectives
2. 1.9.1 Objective 1
3. 1.9.2 Objective 2
4. 1.9.3 Objective 3
Chapter 2 Executive Summary
2.1 Market Outlook
2.1.1 Regional Insights
2.1.2 Competitive Landscape
2.2 Market Snapshot
2.3 Market Segmentation
2.4 Competitive Landscape
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.1.2.1 Vital Signs Monitoring Devices Market
3.1.2.2 Patient Monitoring Devices Market
3.1.2.3 Medical Imaging Market
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Technological Advancements
3.2.1.2 Rising Adoption Of Wearable Devices
3.2.1.3 Shift Toward Homecare Settings
3.2.2 Market Restraint Analysis
3.2.2.1 High Cost Of Devices And Inadequate Reimbursement Policies In Emerging Countries
3.2.2.2 Product Recall & Safety Concerns
3.3 Portable Medical Devices Market Business Analysis Tools
3.3.1 Porter’s Five Forces Analysis
3.3.1.1 Bargaining Power Of Buyers
3.3.1.2 Bargaining Power Of Suppliers
3.3.1.3 Competitive Rivalry
3.3.1.4 Threat Of New Entrants
3.3.1.5 Threat Of Substitutes
3.3.2 Pestel Analysis
3.3.2.1 Political And Legal
3.3.2.2 Economic
3.3.2.3 Social
3.3.2.4 Technology
Chapter 4 Portable Medical Devices Market: Product Type Analysis
4.1 Portable Medical Devices Market Product Type Movement Analysis, 2022 & 2030
4.2 Segment Dashboard
4.3 Market Size & Forecasts And Trend Analysis, 2018 To 2030 For The Product Type
4.3.1 Diagnostic Imaging
4.3.1.1 Diagnostic Imaging Market, 2018 - 2030 (USD Million)
4.3.1.2 Ct
4.3.1.2.1 Ct Market, 2018 - 2030 (USD Million)
4.3.1.3 X-Rays
4.3.1.3.1 X-Rays Market, 2018 - 2030 (USD Million)
4.3.1.4 Ultrasound
4.3.1.4.1 Ultrasound Market, 2018 - 2030 (USD Million)
4.3.1.5 Endoscope
4.3.1.5.1 Endoscope Market, 2018 - 2030 (USD Million)
4.3.2 Therapeutics
4.3.2.1 Therapeutics Market, 2018 - 2030 (USD Million)
4.3.2.2 Insulin Pump
4.3.2.2.1 Insulin Pump Market, 2018 - 2030 (USD Million)
4.3.2.3 Nebulizer
4.3.2.3.1 Nebulizer Market, 2018 - 2030 (USD Million)
4.3.2.4 Oxygen Concentrators
4.3.2.4.1 Oxygen Concentrators Market, 2018 - 2030 (USD Million)
4.3.2.5 Image-Guided Therapy Systems
4.3.2.5.1 Image-Guided Therapy Systems Market, 2018 - 2030 (USD Million)
4.3.3 Monitoring Devices
4.3.3.1 Monitoring Devices Market, 2018 - 2030 (USD Million)
4.3.3.2 Cardiac Monitoring
4.3.3.2.1 Cardiac Monitoring Market, 2018 - 2030 (USD Million)
4.3.3.2.2 Holter Monitors
4.3.3.2.2.1 Holter Monitors Market, 2018 - 2030 (USD Million)
4.3.3.2.3 Resting Ecg System
4.3.3.2.3.1 Resting Ecg System Market, 2018 - 2030 (USD Million)
4.3.3.2.4 Stress Ecg Monitors
4.3.3.2.4.1 Stress Ecg Monitors Market, 2018 - 2030 (USD Million)
4.3.3.2.5 Event Monitoring Systems
4.3.3.2.5.1 Event Monitoring Systems Market, 2018 - 2030 (USD Million)
4.3.3.2.6 Ecg Management Systems
4.3.3.2.6.1 Ecg Management Systems Market, 2018 - 2030 (USD Million)
4.3.3.3 Neuromonitoring
4.3.3.3.1 Neuromonitoring Market, 2018 - 2030 (USD Million)
4.3.3.3.2 Eeg Machines
4.3.3.3.2.1 Eeg Machines Market, 2018 - 2030 (USD Million)
4.3.3.3.3 Emg Machines
4.3.3.3.3.1 Emg Machines Market, 2018 - 2030 (USD Million)
4.3.3.3.4 Icp Monitors
4.3.3.3.4.1 Icp Monitors Market, 2018 - 2030 (USD Million)
4.3.3.3.5 Meg Machines
4.3.3.3.5.1 Meg Machines Market, 2018 - 2030 (USD Million)
4.3.3.3.6 Cerebral Oximeters
4.3.3.3.6.1 Cerebral Oximeters Market, 2018 - 2030 (USD Million)
4.3.3.4 Respiratory Monitoring
4.3.3.4.1 Respiratory Monitoring Market, 2018 - 2030 (USD Million)
4.3.3.4.2 Capnographs
4.3.3.4.2.1 Capnographs Market, 2018 - 2030 (USD Million)
4.3.3.4.3 Spirometers
4.3.3.4.3.1 Spirometers Market, 2018 - 2030 (USD Million)
4.3.3.4.4 Peak Flow Meters
4.3.3.4.4.1 Peak Flow Meters Market, 2018 - 2030 (USD Million)
4.3.3.5 Fetal Monitoring
4.3.3.5.1 Fetal Monitoring Market, 2018 - 2030 (USD Million)
4.3.3.6 Neonatal Monitoring
4.3.3.6.1 Neonatal Monitoring Market, 2018 - 2030 (USD Million)
4.3.3.7 Hemodynamic Monitoring Systems
4.3.3.7.1 Hemodynamic Monitoring Systems Market, 2018 - 2030 (USD Million)
4.3.3.8 Vital Sign Monitors
4.3.3.8.1 Vital Sign Monitors Market, 2018 - 2030 (USD Million)
4.3.4 Smart Wearable Medical Devices
4.3.4.1 Smart Wearable Medical Devices Market, 2018 - 2030 (USD Million)
Chapter 5 Portable Medical Devices Market: Application Analysis
5.1 Portable Medical Devices Market Application Movement Analysis, 2022 & 2030
5.2 Segment Dashboard
5.3 Market Size & Forecasts And Trend Analysis, 2018 To 2030 For The Application
5.3.1 Gynecology
5.3.1.1 Gynecology Market, 2018 - 2030 (USD Million)
5.3.2 Cardiology
5.3.2.1 Cardiology Market, 2018 - 2030 (USD Million)
5.3.3 Gastrointestinal
5.3.3.1 Gastrointestinal Market, 2018 - 2030 (USD Million)
5.3.4 Urology
5.3.4.1 Urology Market, 2018 - 2030 (USD Million)
5.3.5 Neurology
5.3.5.1 Neurology Market, 2018 - 2030 (USD Million)
5.3.6 Respiratory
5.3.6.1 Respiratory Market, 2018 - 2030 (USD Million)
5.3.7 Orthopedics
5.3.7.1 Orthopedics Market, 2018 - 2030 (USD Million)
5.3.8 Others
5.3.8.1 Others Market, 2018 - 2030 (USD Million)
Chapter 6 Portable Medical Devices Market: Regional Analysis
6.1 Portable Medical Devices Regional Market Share Analysis, 2022 & 2030
6.2 Regional Market Snapshot (Market Size, Cagr)
6.3 North America
6.3.1 Swot Analysis
6.3.2 North America Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.3.3 U.S.
6.3.3.1 Key Country Dynamics
6.3.3.2 Estimated Prevalence Of Target Diseases (Million)
6.3.3.3 Competitive Scenario
6.3.3.4 U.S. Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.3.3.5 Regulatory Framework & Reimbursement Scenario
6.3.4 Canada
6.3.4.1 Key Country Dynamics
6.3.4.2 Estimated Prevalence Of Target Diseases (Million)
6.3.4.3 Competitive Scenario
6.3.4.4 Canada Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.3.4.5 Regulatory Framework & Reimbursement Scenario
6.4 Europe
6.4.1 Swot Analysis
6.4.2 Europe Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.3 Germany
6.4.3.1 Key Country Dynamics
6.4.3.2 Estimated Prevalence Of Target Diseases (Million)
6.4.3.3 Competitive Scenario
6.4.3.4 Germany Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.3.5 Regulatory Framework & Reimbursement Scenario
6.4.4 Uk
6.4.4.1 Key Country Dynamics
6.4.4.2 Estimated Prevalence Of Target Diseases (Million)
6.4.4.3 Competitive Scenario
6.4.4.4 Uk Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.4.5 Regulatory Framework & Reimbursement Scenario
6.4.5 France
6.4.5.1 Key Country Dynamics
6.4.5.2 Estimated Prevalence Of Target Diseases (Million)
6.4.5.3 Competitive Scenario
6.4.5.4 France Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.5.5 Regulatory Framework & Reimbursement Scenario
6.4.6 Italy
6.4.6.1 Key Country Dynamics
6.4.6.2 Estimated Prevalence Of Target Diseases (Million)
6.4.6.3 Competitive Scenario
6.4.6.4 Italy Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.6.5 Regulatory Framework & Reimbursement Scenario
6.4.7 Spain
6.4.7.1 Key Country Dynamics
6.4.7.2 Estimated Prevalence Of Target Diseases (Million)
6.4.7.3 Competitive Scenario
6.4.7.4 Spain Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.7.5 Regulatory Framework & Reimbursement Scenario
6.4.8 Sweden
6.4.8.1 Key Country Dynamics
6.4.8.2 Estimated Prevalence Of Target Diseases (Million)
6.4.8.3 Competitive Scenario
6.4.8.4 Sweden Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.8.5 Regulatory Framework & Reimbursement Scenario
6.4.9 Norway
6.4.9.1 Key Country Dynamics
6.4.9.2 Estimated Prevalence Of Target Diseases (Million)
6.4.9.3 Competitive Scenario
6.4.9.4 Norway Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.9.5 Regulatory Framework & Reimbursement Scenario
6.4.10 Denmark
6.4.10.1 Key Country Dynamics
6.4.10.2 Estimated Prevalence Of Target Diseases (Million)
6.4.10.3 Competitive Scenario
6.4.10.4 Denmark Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.10.5 Regulatory Framework & Reimbursement Scenario
6.4.11 Asia Pacific
6.4.12 Swot Analysis
6.4.13 Asia Pacific Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.14 Japan
6.4.14.1 Key Country Dynamics
6.4.14.2 Estimated Prevalence Of Target Diseases (Million)
6.4.14.3 Competitive Scenario
6.4.14.4 Japan Portable Medical Devices Market, 2018 - 2030 (USD Million).
6.4.14.5 Regulatory Framework & Reimbursement Scenario
6.4.15 China
6.4.15.1 Key Country Dynamics
6.4.15.2 Estimated Prevalence Of Target Diseases (Million)
6.4.15.3 Competitive Scenario
6.4.15.4 China Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.15.5 Regulatory Framework & Reimbursement Scenario
6.4.16 India
6.4.16.1 Key Country Dynamics
6.4.16.2 Estimated Prevalence Of Target Diseases (Million)
6.4.16.3 Competitive Scenario
6.4.16.4 India Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.16.5 Regulatory Framework & Reimbursement Scenario
6.4.17 Australia
6.4.17.1 Key Country Dynamics
6.4.17.2 Estimated Prevalence Of Target Diseases (Million)
6.4.17.3 Competitive Scenario
6.4.17.4 Australia Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.17.5 Regulatory Framework & Reimbursement Scenario
6.4.18 South Korea
6.4.18.1 Key Country Dynamics
6.4.18.2 Estimated Prevalence Of Target Diseases (Million)
6.4.18.3 Competitive Scenario
6.4.18.4 South Korea Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.18.5 Regulatory Framework & Reimbursement Scenario
6.4.19 New Zealand
6.4.19.1 Key Country Dynamics
6.4.19.2 Estimated Prevalence Of Target Diseases (Million)
6.4.19.3 Competitive Scenario
6.4.19.4 New Zealand Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.19.5 Regulatory Framework & Reimbursement Scenario
6.4.20 Thailand
6.4.20.1 Key Country Dynamics
6.4.20.2 Estimated Prevalence Of Target Diseases (Million)
6.4.20.3 Competitive Scenario
6.4.20.4 Thailand Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.4.20.5 Regulatory Framework & Reimbursement Scenario
6.5 Latin America
6.5.1 Swot Analysis
6.5.2 Latin America Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.5.3 Brazil
6.5.3.1 Key Country Dynamics
6.5.3.2 Estimated Prevalence Of Target Diseases (Million)
6.5.3.3 Competitive Scenario
6.5.3.4 Brazil Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.5.3.5 Regulatory Framework & Reimbursement Scenario
6.5.4 Mexico
6.5.4.1 Key Country Dynamics
6.5.4.2 Estimated Prevalence Of Target Diseases (Million)
6.5.4.3 Competitive Scenario
6.5.4.4 Mexico Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.5.4.5 Regulatory Framework & Reimbursement Scenario
6.5.5 Argentina
6.5.5.1 Key Country Dynamics
6.5.5.2 Estimated Prevalence Of Target Diseases (Million)
6.5.5.3 Competitive Scenario
6.5.5.4 Argentina Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.5.5.5 Regulatory Framework & Reimbursement Scenario
6.6 Middle East & Africa
6.6.1 Swot Analysis
6.6.2 Middle East & Africa Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.6.3 South Africa
6.6.3.1 Key Country Dynamics
6.6.3.2 Estimated Prevalence Of Target Diseases
6.6.3.3 Competitive Scenario
6.6.3.4 South Africa Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.6.3.5 Regulatory Framework & Reimbursement Scenario
6.6.4 Saudi Arabia
6.6.4.1 Key Country Dynamics
6.6.4.2 Estimated Prevalence Of Target Diseases (Million)
6.6.4.3 Competitive Scenario
6.6.4.4 Saudi Arabia Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.6.4.5 Regulatory Framework & Reimbursement Scenario
6.6.5 UAE
6.6.5.1 Key Country Dynamics
6.6.5.2 Estimated Prevalence Of Target Diseases (Million)
6.6.5.3 Competitive Scenario
6.6.5.4 UAE Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.6.5.5 Regulatory Framework & Reimbursement Scenario
6.6.6 Kuwait
6.6.6.1 Key Country Dynamics
6.6.6.2 Estimated Prevalence Of Target Diseases (Million)
6.6.6.3 Competitive Scenario
6.6.6.4 Kuwait Portable Medical Devices Market, 2018 - 2030 (USD Million)
6.6.6.5 Regulatory Framework & Reimbursement Scenario
Chapter 7 Competitive Analysis
7.1 Participant’s Overview
7.2 Financial Performance
7.3 Participant Categorization
7.3.1 Strategy Mapping
7.3.1.1 New Product Launch
7.3.1.2 Partnerships
7.3.1.3 Collaboration
7.3.1.4 Acquisitions

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