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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)

  • Report ID: GMI8411
  • Published Date: Mar 2024
  • Report Format: PDF

Portable Medical Devices Market Size

Portable Medical Devices Market was valued at around USD 62.2 billion in 2023 and is expected to grow at a CAGR of 9.8% between 2024 & 2032, driven by the rising prevalence of chronic conditions, the expansion of wearable health technology, and the increasing demand for portable medical devices in home healthcare.

Portable Medical Devices Market

The global increase in chronic conditions, such as diabetes, cardiovascular diseases, respiratory disorders, and obesity, has spurred the demand for portable medical devices. For instance, according to Imperial College of London, in 2020, chronic diseases were estimated to kill almost 41 million people a year worldwide, making up seven out of ten deaths globally.

With aging populations, changing lifestyles, and environmental factors contributing to the rise in chronic illnesses worldwide, there is a growing need for innovative solutions to support disease management and improve patient outcomes. Portable medical devices offer convenient and accessible tools for monitoring vital signs, tracking disease progression, and promoting self-care among individuals living with chronic conditions, addressing the evolving healthcare needs of populations globally.

Moreover, portable medical devices empower patients to actively participate in their care and adhere to treatment regimens by providing them with accessible tools for monitoring and managing their health. By incorporating portable devices into daily routines, patients are more likely to engage with their care plans, comply with medication schedules, and make lifestyle modifications, leading to better disease control and outcomes and the expansion of the portable medical devices market.

Portable medical devices are compact and lightweight healthcare instruments or equipment designed to be easily transported and used in various settings, including clinical environments, ambulances, homes, and remote locations. These devices offer flexibility, convenience, and accessibility, allowing healthcare professionals to provide timely care and patients to manage their health conditions more effectively, irrespective of their location.

Portable Medical Devices Market Trends

Advancements in healthcare technology have played a pivotal role in shaping and improving various medical interventions, and this progress has significantly contributed to the growth and development of portable medical devices. These technological innovations have enhanced the design, portability, and overall efficacy of portable medical devices, making them more efficient tools in the management of various chronic disorders.

  • Advances in microelectronics and miniaturization techniques have enabled the development of smaller, lighter, and more compact portable medical devices. These devices are highly portable and can be easily carried by patients or healthcare providers, facilitating on-the-go monitoring and care delivery without compromising functionality or accuracy.
  • Moreover, the integration of wireless connectivity technologies, such as Bluetooth, Wi-Fi, and cellular networks, allows portable medical devices to transmit data remotely to healthcare providers or cloud-based platforms for real-time monitoring and analysis. Remote monitoring capabilities enable timely intervention, early detection of health issues, and personalized treatment adjustments, particularly for patients with chronic conditions or those requiring continuous monitoring.
  • Furthermore, smart sensor embedded in portable medical devices, coupled with wearable technology, enables continuous monitoring of vital signs, activity levels, and physiological parameters in real-time. Wearable devices, such as smartwatches, fitness trackers, and wearable biosensors, provide seamless integration into daily routines and offer insights into health status, facilitating proactive healthcare management and early intervention. Such advancements are gaining the attention of healthcare professionals and patients resulting in increasing demand in the market.

Portable Medical Devices Market Analysis

Portable Medical Devices Market, By Product Type, 2021 - 2032 (USD Billion)

The market by product type is categorized into diagnostic devices, monitoring devices, therapeutic devices, support devices, and other product types. The diagnostic devices segment dominates the market with a revenue of around USD 16.1 billion in 2023.

  • Portable diagnostic devices, such as handheld analyzers and rapid test kits, have witnessed significant advancements in point of care testing capabilities. These devices allow for rapid, on-the-spot diagnosis of various medical conditions, including infectious diseases, cardiac markers, glucose levels, and hematology parameters, enabling timely clinical decision-making and treatment initiation.  
  • Moreover, portable diagnostic devices enhance accessibility to diagnostic testing, particularly in remote or resource-limited settings where access to centralized laboratories may be limited. Healthcare providers can perform diagnostic tests at the point of care, in community clinics, ambulatory care settings, or even in patients' homes, facilitating early detection and management of health conditions.

The portable medical devices market by application is categorized into gynecology, cardiology, gastrointestinal, urology, neurology, respiratory, orthopedics, and other applications. The cardiology segment dominates the market with a revenue of around USD 13.9 billion in 2023.

  • Cardiovascular diseases (CVDs) remain a leading cause of morbidity and mortality worldwide. For instance, according to the Centers for Disease Control and Prevention, in 2023, one person died every 33 seconds in the U.S. from cardiovascular disease. The high prevalence of conditions such as hypertension, coronary artery disease, and arrhythmias necessitates continuous monitoring and management of cardiac health. Portable medical devices tailored for cardiology applications address this need by enabling convenient and timely assessment of cardiovascular parameters in various settings.  
  • Moreover, the emergence of wearable cardiac monitoring devices, such as smartwatches with built-in ECG sensors, portable Holter monitors, and cardiac event recorders, offers continuous monitoring of cardiac activity and rhythm in ambulatory settings. These devices enable users to track heart rate, detect arrhythmias, and capture symptomatic events, providing valuable insights into cardiac health and facilitating early detection of cardiac abnormalities or arrhythmias, driving segment growth.
Portable Medical Devices Market, By End-use (2023)

The portable medical devices market by end-use is categorized into hospitals, clinics, ambulatory surgical centers, homecare settings, and other end-users. The Homecare setting segment reached USD 13.9 billion in 2023.

  • There is a growing trend towards home-based care as healthcare systems strive to reduce hospitalizations, lower healthcare costs, and improve patient outcomes. Portable medical devices enable patients to receive medical care and monitor their health conditions conveniently within the comfort of their homes, fostering independence and enhancing quality of life.
  • Moreover, many individuals with chronic conditions, such as diabetes, hypertension, respiratory diseases, and cardiac conditions, require ongoing monitoring and management. Portable medical devices designed for home use, such as glucometers, blood pressure monitors, nebulizers, and pulse oximeters, empower patients to monitor their health parameters regularly, track disease progression, and adhere to treatment regimens, facilitating better disease control and reducing the need for frequent clinic visits, contributing to their widespread adoption.
North America Portable Medical Devices Market, 2020- 2032 (USD Billion)

North America portable medical devices market accounted for USD 26.7 billion in revenue in 2023 and is predicted to witness substantial market expansion.

  • North America has well-defined regulatory pathways for medical device approval and market access, ensuring product safety, efficacy, and quality standards. Regulatory agencies, such as the Food and Drug Administration (FDA) in the U.S. and Health Canada, provide clear guidelines and regulatory oversight to ensure compliance with applicable regulations, fostering trust and confidence in portable medical devices among healthcare providers, patients, and stakeholders.
  • Moreover, consumers in North America are increasingly embracing healthcare technology and digital health solutions to monitor their health, track fitness goals, and manage chronic conditions. The widespread adoption of wearable devices, mobile health apps, and telemedicine platforms reflects a growing acceptance of portable medical devices as tools for self-monitoring, disease management, and health promotion, further fueling market growth in the region.

Portable Medical Devices Market Share

The portable medical devices industry is fragmented in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel treatments with improved efficiency and cost-effectiveness are key market strategies for portable medical device manufacturers, driving competition and innovation in the portable medical devices industry. This emphasis on innovation aims to address evolving clinical needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for advanced portable medical systems.

Portable Medical Devices Market Companies

Some of the eminent market participants operating in the portable medical devices industry include:

  • 3M Company
  • Abbott Laboratories
  • Baxter International
  • Becton, Dickinson and Company
  • Cardinal Health
  • Dentsply Sirona
  • Dexcom
  • DJO Global
  • Fitbit
  • Fresenius Medical Care
  • Garmin
  • Invacare Corporation
  • Johnson & Johnson
  • Masimo Corporation
  • McKesson Corporation
  • Medline Industries
  • Medtronic plc
  • Omron Healthcare
  • Roche
  • Royal Philips
  • Schiller AG
  • Siemens Healthineers
  • Stryker Corporation
  • Sunrise Medical
  • Withings

Portable Medical Devices Industry News:

  • In March 2024, Roche unveiled its latest innovation in diabetes care, the Accu-Chek SmartGuide solution for real-time CGM promises to revolutionize diabetes management with its predictive artificial intelligence (AI) capabilities, addressing critical unmet needs faced by individuals with diabetes. This product launch may help the company to address critical unmet needs faced by patients with diabetes and gain competitive edge over its peers.
  • In September 2023, Google announced the launch of the next generation of its fitness wearable, Fitbit Charge 6, equipped with new features, including a more precise heart rate tracker and new exercise modes. This product launch may help the company to acquire enhanced customer base and generate enhanced revenue.


Portable medical devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:

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Market, By Product Type

  • Diagnostic devices
    • Blood glucose monitors
    • Pulse oximeters
    • Blood pressure monitors
    • Thermometers
    • ECG monitors
    • Ultrasound devices
    • X-ray
      • Portable X-ray systems
      • Mobile C-arm X-ray systems
    • Endoscopes
    • Potable MRI systems
    • Portable CT scanners
    • Other diagnostic devices
  • Monitoring devices
    • Cardiac monitoring devices
      • Holter monitors
      • ECG management systems
      • Other cardiac monitoring devices
    • Neuromonitoring devices
      • EMG machines
      • EEG machines
      • Other neuromonitoring devices
    • Respiratory monitoring
      • Capnographs
      • Spirometers
      • Peak flow meters
      • Other respiratory monitoring devices
    • Fitness devices
      • Activity trackers
      • Fitness trackers
      • Heart rate monitors
      • Wearable blood pressure monitors
      • Other fitness devices
    • Continuous glucose monitors
    • Other monitoring devices
  • Therapeutic devices
    • Portable oxygen concentrators
    • Nebulizers
    • Transcutaneous electrical nerve stimulation (TENS) units
    • Insulin pumps
    • Portable defibrillators
    • Portable CPAP machines
    • Portable dialysis machines
    • Portable electrical stimulation devices
    • Other therapeutic devices
  • Support devices
    • Portable wheelchairs
    • Portable lifts and hoists
    • Portable suction machines
    • Portable patient monitors
    • Portable stretchers and beds
    • Portable medical specialty chairs
    • Other support devices
  • Other product types

Market, By Application

  • Gynecology
  • Cardiology
  • Gastrointestinal      
  • Urology
  • Neurology
  • Respiratory
  • Orthopedics
  • Other applications

Market, By End-use

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Homecare settings
  • Other end-users

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East and Africa


Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Portable medical devices industry was valued at over USD 62.2 billion in 2023 and is estimated to register a CAGR of 9.8% between 2024 and 2032, driven by the growing demand for home healthcare services, the rising prevalence of chronic conditions, and wider acceptance of wearable health technology.

The cardiology application segment was worth USD 13.9 billion in 2023 and is expected to register a strong CAGR from 2024 to 2032, led by the increasing prevalence of cardiovascular diseases, and the emergence of wearable cardiac monitoring devices.

North America portable medical devices industry was valued at USD 26.7 billion in 2023 and is poised to grow rapidly by 2032, driven by high penetration of diagnostic, therapeutic, and monitoring portable medical devices for disease management, alongside the presence of well-defined regulatory pathways for medical device approval.

Abbott Laboratories, Becton, Dickinson, and Company (BD), Boston Scientific Corporation, Cerner Corporation, Dexcom, Inc., General Electric Company (GE Healthcare), Johnson & Johnson are some of the major industry contenders.

Portable Medical Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 755
  • Countries covered: 22
  • Pages: 330
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