Major Growth Driver Identified in 2025 Portable Medical Devices Market: Rising Prevalence Of Chronic Diseases Fuels Growth In The Portable Medical Devices Market

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Portable Medical Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Rapid expansion has been observed in recent years in the market size of portable medical devices. The market worth, which is slated to stand at $55.17 billion in 2024, is likely to inflate to $60.79 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.2%. Factors such as the miniaturization of electronics, surge in chronic diseases, an aging population, advancements in telehealth and remote monitoring, as well as point-of-care testing, are often attributed to the notable growth during the historic period.

Portable Medical Devices Market Size Forecast: What's the Projected Valuation by 2029?
The market size for portable medical devices is anticipated to experience a swift expansion in the coming years, surging to $94.55 billion in 2029 with a compound annual growth rate (CAGR) of 11.7%. This predicted growth during the forecast period is mainly due to worldwide health crises, the integration of digital health, the rise in home healthcare, cost control in healthcare, and the incorporation of wearable health technologies. Significant trends for the forecast period encompass improvements in battery technology, the inclusion of AI and machine learning, the development of smart inhalers and drug delivery gadgets, the implementation of augmented reality, and the use of blockchain technology in the healthcare sector.

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What Are the Drivers Transforming the Portable Medical Devices Market?
The escalation in the occurrence of long-term illnesses is set to fuel the expansion of the portable medical devices market. Chronic diseases can be broadly defined as conditions that last for one year or more, require continuous medical intervention, and disrupt daily routines. Portable medical gadgets aid patients with chronic diseases by monitoring their health statuses, for example, physiological states in post-acute, recovery, and long-term situations. For example, the National Library of Medicine, a United States agency stated in January 2023 that the population in the US above 50 years old living with at least one chronic condition would see a rise of 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Thus, the increasing incidence of chronic diseases is a key driver of growth in the portable medical devices market.

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What Long-Term Trends Will Define the Future of the Portable Medical Devices Market?
The trend of technological innovation is increasingly being embraced in the portable medical devices market. Numerous leading companies in this market are leveraging new technologies to preserve their competitive edge. For instance, in November 2022, Philips, a conglomerate corporation based in the Netherlands, unveiled its next-gen Compact 5000 series of compact portable ultrasound solutions. This innovative equipment includes Philips collaboration live secure real-time telemedicine software. This allows the calling in of additional clinical expertise confidently via voice, text, screen sharing, and video streaming, regardless of location, as long as there is mobile or internet connection. The objective is to expand access to the diagnostic abilities of high-end cart-based ultrasound machines. The Ultrasound Compact 5000 Series system comes with an optional battery and offers 2.5 hours of scanning time, with a 20% quicker power-up functionality. The system is designed to cater to a variety of medical specialties including cardiovascular, obstetrics and gynecology, point-of-care, and general imaging.

Which Segments in the Portable Medical Devices Market Offer the Most Profit Potential?
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 Firms Dominate the Portable Medical Devices Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in 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.

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