Portable Medical Devices Market Trend, Share, Growth, Size, Analysis and Forecast 2030

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Portable medical devices are the diagnostic and curative devices which are convenient, easy to handle and reduce the healthcare expenditure. Some of the significant portable devices include electrocardiographs, pacemakers, monitors, defibrillators, and dialyzers. The inclination of the healthcare industry towards the ease of handling devices has resulted in the miniaturization of the medical devices at a large scale. Medical devices embedded with the portable technologies are trending in the global healthcare industry. Furthermore, growing opportunities in home care telemedicine, connectivity, and remote monitoring sectors are providing new platforms for the portable medical devices market. Grants provided by the government for the technological advancement of the portable devices is further fuelling the demand for portable medical devices in the global market

According to the World Health Organization, the number of people aged 60 or above is expected to double by 2050 growing from 962 million globally in 2017 to 2.1 billion in 2050. Thus, portable medical devices market has vast potential in terms of large patient pool and growing emphasis on home care.

The portable medical devices market is segmented on the basis of application as diagnosis, monitoring, medical therapeutics, fitness & wellness, and others. 
Based on end-user, the portable medical devices market is segmented into hospitals, clinics, homecare patient, ambulatory care centers, surgical centers, and others. 

North America is anticipated to be the dominant region in the portable medical devices market over the forecast period. Favorable government policies supporting the invasion of new and advanced procedures for the treatment, development in the healthcare infrastructure, and research grant by the government and ruling authorities are expected to propel the growth of the market in this region. Europe is the second largest market followed by the Asia Pacific. Large geriatric population base in the Asia Pacific region, especially India, China, and Japan is the significant accelerating factor for the growth of the portable medical devices market in this region. Asia Pacific is expected to show the fastest CAGR growth during the forecast period while Latin America market is projected to grow at a low to moderate rate during the forecast period. The Middle East and Africa are also expected to cover the prominent market value share in the portable medical devices global market.

Some of the key players in portable medical devices market include GE Healthcare, Covidien Plc., CareFusion Corporation, Philips Healthcare, Texas Instruments, Natus Medical, Medtronic, Roche Diagnostics, Samsung, Qualcomm, and others.