United States Portable Medical Devices Market was valued at USD 12.4 Billion in 2022 and is projected to reach USD 22.3 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The US Portable Medical Devices Market has been rapidly evolving due to increasing demand across healthcare sectors, driven by the need for more accessible and cost-effective patient care solutions. With technological advancements and the rising focus on home healthcare, portable medical devices are playing an essential role in improving patient outcomes while reducing the burden on hospitals and healthcare systems. These devices have grown to be a staple in both medical and non-medical industries, fulfilling crucial roles in diagnostics, monitoring, and treatment. Understanding the types of devices in the market and their requirements across various industries is key to predicting future growth.
Portable medical devices come in a variety of forms, including but not limited to diagnostic equipment like handheld ultrasound machines, personal ECG monitors, wearable heart rate monitors, and portable oxygen concentrators. These devices offer the advantage of being compact, easy to use, and cost-efficient. With the integration of wireless technology, many of these devices now provide real-time data transmission to healthcare providers, which significantly enhances monitoring and decision-making.
Industries, particularly those in the healthcare and biotechnology sectors, require portable medical devices to improve patient care, efficiency, and convenience. The demand is particularly high among home healthcare providers, aging populations, and rehabilitation centers. Hospitals also require portable medical equipment for emergency care and to reduce the number of patients needing hospitalization for regular monitoring. Industries such as fitness and wellness are also adopting portable medical devices to monitor health metrics and boost preventative healthcare.
The portability factor in these devices is increasingly important as patients demand the ability to monitor and manage their health outside of traditional clinical settings. Industries are keen on devices that are easy to operate, cost-effective, and offer reliable performance over time. Furthermore, advancements in battery life, wireless connectivity, and device miniaturization are making these devices even more accessible to a broader audience.
With continuous innovation and increasing market demand, the Portable Medical Devices Market is expected to expand rapidly, making it a focal point of investment and research for industries focused on patient-centric solutions. The requirement for these devices from various industries will only continue to grow, driven by a shared goal of improving patient care and streamlining healthcare processes.
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GE Healthcare
Signostics
Aptatek Biosciences
PixCell Medical
Physio-Control
CooperSurgical
Hologic
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Portable Medical Devices Market
Fitness Trackers
Health Monitors
Smartwatches
Chronic Disease Patients
Aging Population
Fitness Enthusiasts
Smart Monitoring Devices
Wearable Health Trackers
Diabetes Monitoring
Cardiac Health Management
E-commerce Platforms
Manufacturer Websites
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Portable Medical Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Portable Medical Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Portable Medical Devices Market, By Type
6. US Portable Medical Devices Market, By Application
7. US Portable Medical Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Portable Medical Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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