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Portable Medical Devices Market Trends

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

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.
     
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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