Portable Medical Devices Market - By Product Type (Diagnostic Devices, Monitoring Devices, Therapeutic Devices, Support Devices), By Application, By End-use (Hospitals, Clinics, ASCs, Homecare Settings) - Global Forecast, (2024 - 2032)

Portable Medical Devices Market - By Product Type (Diagnostic Devices, Monitoring Devices, Therapeutic Devices, Support Devices), By Application, By End-use (Hospitals, Clinics, ASCs, Homecare Settings) - Global Forecast, (2024 - 2032)

Portable Medical Devices Market size will grow at 9.8% CAGR during 2024-2032, driven by the rising demand for home healthcare solutions, growing geriatric population and the strong preference for outpatient care.

According to WHO, noncommunicable diseases (NCDs) account for 41 million annual deaths, constituting 74% of the global mortality. With afflictions like diabetes, cardiovascular disorders, and respiratory ailments reaching alarming levels, there is an urgent need for effective monitoring and timely interventions. This surge in chronic conditions has created a pressing demand for portable medical devices capable of facilitating remote monitoring and empowering patients to take charge of their health. As healthcare systems strive to cope with the expanding burden of chronic diseases, the indispensable role of portable medical devices in providing accessible and proactive healthcare solutions has become increasingly evident.

The overall industry is classified into product type, application, end-use and region.

By product type, the portable medical devices market from the support devices segment will grow rapidly up to 2032 as these devices are becoming more lightweight, compact, and user-friendly for catering to the evolving needs of patients. Moreover, the growing emphasis on patient-centric care and the rise of personalized medicine are driving the demand for support devices tailored to individual needs and preferences. Additionally, technological innovations, such as the integration of smart sensors and connectivity features are enhancing their functionality for enabling real-time monitoring and remote patient management.

Based on end-use, the ambulatory surgical centers (ASCs) segment in the portable medical devices industry will grow at significant CAGR through 2032, owing to the strong focus on providing cost-effective and efficient healthcare services. Portable medical devices enable ASCs to perform a wide range of procedures outside of traditional hospital settings, thereby reducing patient wait times and enhancing operational efficiency. Additionally, the rising trend of outpatient surgeries and the shift towards minimally invasive procedures are driving the products demand in ASCs.

Asia Pacific portable medical devices industry will grow at a decent pace by 2032, driven by increasing healthcare expenditure, rising prevalence of chronic diseases, and expanding geriatric population. Countries like China, India, and Japan are at the forefront of this growth, propelled by advancements in healthcare infrastructure and government initiatives to promote accessible healthcare services. Moreover, the growing awareness about preventive healthcare and the rise of medical tourism long with the burgeoning middle-class population and rapid urbanization will favor the regional market growth.