Advancing Portable Ultrasound Solutions Enhance Portable Medical Devices Market Trend: A Crucial Influence on the Portable Medical Devices Market's Transformation in 2025

What industry-specific factors are fueling the growth of the portable medical devices market?
The escalation of chronic diseases is predicted to spur the expansion of the portable medical devices market in the future. Chronic diseases, typically characterised as health issues that last a year or more, require ongoing medical care, and disrupt daily routines. Portable medical devices provide crucial support to those affected by chronic diseases by monitoring their health statuses, particularly physiological conditions in post-acute, rehabilitation, and chronic situations. For example, the National Library of Medicine, an agency based in the US, stated in January 2023 that the population in the US aged 50 and older with at least one chronic condition would surge by 99.5%, moving from 71.522 million in 2020 to 142.66 million by 2050. Consequently, the rising occurrence of chronic diseases is a key factor fuelling the growth of the portable medical devices market.

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What Is the projected market size and growth rate for the portable medical devices market?
The size of the portable medical devices market has experienced swift expansion in recent times. Its growth is projected to advance from $55.17 billion in 2024 to $61.25 billion in 2025, with a compound annual growth rate (CAGR) of 11.0%. Factors contributing to the historical period growth include the miniaturization of electronics, a rise in chronic diseases, an aging population, developments in telehealth and remote monitoring, as well as point-of-care testing.

The market for portable medical devices is anticipated to witness a significant surge in the coming years, expanding to a size of $95.56 billion by 2029, at a compound annual growth rate (CAGR) of 11.8%. This expected increase within the forecast period can be attributed to factors such as global health crises, integration of digital health, an escalation in home healthcare, efforts to contain healthcare costs, and the widespread adoption of wearable health technology. The forecast period is likely to also witness major trends like advancements in battery technology, incorporation of AI and machine learning, the advent of smart inhalers and drug delivery devices, the integration of augmented reality, and the application of blockchain technology in the healthcare sector.

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What are the emerging trends shaping the future of the portable medical devices market?
The adoption of technological advancements is a rising trend in the portable medical devices market, with leading companies utilizing new technologies to maintain their competitive edge. For example, Philips, a multi-national company based in the Netherlands, introduced the Compact 5000 series - a cutting-edge portable ultrasound solution, in November 2022. This innovative solution comes with Philips collaboration live secure real-time telemedicine software, allowing for effective clinical consultations via voice, text, screen sharing, and video streaming, regardless of location, as long as there's internet or mobile connection. It's an effort to make high-end cart-based ultrasound machine's diagnostic abilities more accessible. The optional battery-equipped Ultrasound Compact 5000 Series system provides 2.5 hours of scanning time and boasts 20% quicker power-up capabilities. The system is designed to serve multiple medical specialties, including cardiovascular, obstetrics and gynecology, point-of-care, and general imaging.

What major market segments define the scope and growth of the portable medical devices market?
The portable medical devices market covered in this report is segmented -

1) By Product: Therapeutics, Smart Wearable Medical Devices, Diagnostic Imaging, Monitoring Devices, Neuromonitoring, Cardiac Monitoring, Respiratory Monitoring, Neonatal Monitoring, Fetal Monitoring, Other Products
2) By Application: Cardiology, Orthopedics, Gynecology, Urology, Gastrointestinal, Neurology, Other Applications
3) By End-User: Hospitals, Clinics, Homecare Patient, Ambulatory Care Centers, Surgical Centers, Other End Users

Subsegments:
1) By Therapeutics: Portable Infusion Pumps, Portable Oxygen Concentrators, Portable Dialysis Devices
2) By Smart Wearable Medical Devices: Smartwatches With Health Monitoring, Fitness Trackers, Smart Clothing
3) By Diagnostic Imaging: Portable Ultrasound Devices, Handheld X-ray Devices, Portable MRI Systems
4) By Monitoring Devices: Blood Glucose Monitors, Portable ECG Monitors, Portable Blood Pressure Monitors
5) By Neuromonitoring: Portable EEG Devices, Wearable Neuromodulation Devices
6) By Cardiac Monitoring: Holter Monitors, Implantable Cardiac Monitors, Remote Cardiac Monitoring Systems
7) By Respiratory Monitoring: Portable Spirometers, Home Sleep Apnea Testing Devices, Portable Respiratory Rate Monitors
8) By Neonatal Monitoring: Portable Pulse Oximeters For Infants, Portable Cardiac Monitors For Neonates
9) By Fetal Monitoring: Portable Fetal Heart Rate Monitors, Wireless Fetal Monitoring Systems
10) By Other Products: Portable Defibrillators, Mobile Health Apps, Telehealth Devices

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Which region dominates the portable medical devices market?
North America was the largest region in the portable medical devices market in 2024. The regions covered in the portable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the portable medical devices industry growth?
Major companies operating in the portable medical devices market include Cardinal Health Inc., Johnson & Johnson Services Inc., Panasonic Holdings Corporation, Abbott Laboratories, Medtronic PLC, Siemens Healthcare Private Limited, Fujifilm Holdings Corporation, Becton, Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, Biotricity Inc., Grifols S.A, Terumo Corporation, Fresenius Kabi AG, GE HealthCare Technologies Inc., Hologic Inc., Dexcom Inc., QIAGEN GmbH, Nipro Corporation, Omnivision Technologies Inc., Shockwave Medical Inc., SARSTEDT GROUP, Morepen Laboratories Ltd., Omron Healthcare Inc., Natus Medical Incorporated, Samsung Healthcare, Pulsatom Health Care Pvt. Ltd.

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What Is Covered In The Portable Medical Devices Global Market Report?

• Market Size Forecast: Examine the portable medical devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the portable medical devices market for a structured understanding.
• Key Players Overview: Analyze major players in the portable medical devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the portable medical devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the portable medical devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the portable medical devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the portable medical devices market.
• Competitive Landscape: Review strategic developments in the portable medical devices market, including expansions, agreements, and new product launches.

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