Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 47.73 Billion | USD 77.01 Billion | 8.30% | 2021 |
FrequentlyAsked Questions
The rise in health and fitness education and the introduction of new technologies such as the Internet of Things (IoT), Big Data, and analytics in medical devices are important factors driving market expansion. Furthermore, a stressful and hectic lifestyle has resulted in the rise of many health conditions, fueling the market's expansion.
According to a study, the global portable medical devices market size was worth around USD 47.73 billion in 2021 and is expected to reach USD 77.01 billion by 2028 at a CAGR of 8.30% during the forecast period.
North America is expected to dominate the portable medical devices market over the forecast period.
Leading players in the global portable medical devices market include Samsung Group, General Electric Company, Koninklijke Philips N.V, VYAIRE, Nox Medical, OMRON Corporation, Medtronic Plc, and F. Hoffmann-La Roche Ltd., among others.
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