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Portable Medical Devices Market Share

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

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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

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.