FMI’s Report Predicts a Thriving Portable Medical Devices Market Reaching US$ 163.84 Billion by 2033, Fueled by a 10.7% CAGR

The global market for portable medical devices is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 10.7% throughout the forecast period. By 2033, it is anticipated to reach a market revenue of US$ 163.84 billion, a significant increase from the US$ 59.28 billion recorded in 2023.

The landscape of portable technology is undergoing a profound transformation, extending beyond conventional applications like smartphones and music players to revolutionize the healthcare sector. Innovations such as portable ultrasound machines are emerging to simplify and enhance patient care. Moreover, the growing preference for less invasive medical technologies and the increased emphasis on portability has directed attention toward devices like insulin pumps and oxygen concentrators, reshaping the landscape of the portable medical devices market in a positive way.

Click Here to Access Your Visuals-Packed Report!
https://www.futuremarketinsights.com/reports/sample/rep-gb-404

The market growth can further be attributed to the accelerating demand for wearable electronics and portable medical devices, the surging geriatric population, and technological advancements. The ongoing technological upgrades in portable medical devices are projected to enhance their uptake over the forecast period. In August 2022, SmartCardia introduced a 7L cardiac monitoring patch. This new device incorporates remote patient monitoring with wearable medical technology to provide customized and predicted patient insights.

The rising demand for portable medical devices that allow constant monitoring during a patient’s stay is projected to boost the market growth. Additionally, the launch of technologically advanced systems to cater to the evolving demand of end users is brightening the growth prospects of portable medical devices.

Key Highlights of the Portable Medical Devices Industry:

• The United States is anticipated to be heading the market growth of portable medical devices. The market is driven by technical advances in embedded systems, sensors, and electronics, which are driving new developments in medical technologies.
• The China portable medical devices market is witnessing robust growth. The market growth can be attributed to the surging demand for portable medical devices to monitor the physical activities of the populace for early detection or prevention of diseases.
• The United Kingdom is predicted to witness healthy market development in the European region. The market is estimated to be propelled by the rising prevalence of cancer and the growing utilization of diagnostic systems. In addition to this, the growing incidence of diabetes and surging adoption of sophisticated therapeutics is projected to support market growth.

Access Your Customized Report Now.
https://www.futuremarketinsights.com/customization-available/rep-gb-404

Latest Market Developments in the Portable Medical Devices Market Landscape:

• In October 2022, Biocorp, which is a French company that specializes in the development, design, and manufacturing of inventive medical devices, declared the signing of a strategic partnership with Novo Nordisk. This partnership aims to commercialize Mallya, a smart sensor, firstly in Japan. This smart sensor directly links to the insulin pens of Novo Nordisk FlexTouch and is applicable for blood glucose monitoring.
• In October 2022, GenWorks, a Bengaluru-based start-up, which was formerly a Wipro GE-invested company, introduced a new portable device, BrasterPro, for breast cancer screening. This portable device is radiation-free, easy to use, and relies on a contact-based screening process.

Key Market Segmentation for Portable Medical Devices Market

By Product:

• Diagnostic Imaging
  • CT
  • Ultrasound
  • X-ray
  • Endoscope
• Therapeutics
  • Nebulizer
  • Insulin Pump
  • Image-guided Therapy Systems
  • Oxygen Concentrator
• Monitoring Devices
  • Cardiac Monitoring
    • Resting ECG System
    • Stress ECG Monitors
    • Holter Monitors
    • Event Monitoring Systems
    • Electrocardiography (ECG) Management Systems
  • Neuromonitoring
    • Electroencephalography (EEG) Machines
    • Intracranial pressure (ICP) Monitors
    • Electromyography (EMG) Machines
    • Cerebral Oximeters
    • Magnetoencephalography (MEG) Machines
  • Respiratory Monitoring
    • Spirometers
    • Capnographs
    • Peak Flow Meters
  • Fetal Monitoring
  • Hemodynamic Monitoring Systems
  • Neonatal Monitoring
  • Vital Sign Monitors
• Smart Wearable Medical Devices

Get Ahead with Comprehensive Information – Purchase Now!
https://www.futuremarketinsights.com/checkout/404

By Application:

• Gynecology
• Gastrointestinal
• Urology
• Neurology
• Cardiology
• Respiratory
• Orthopedics
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube