Portable Medical Devices Market Size, Share, and Trends 2025 to 2034

Portable Medical Devices Market Size and Forecast 2025 to 2034

The global portable medical devices market size was estimated at USD 69.30 billion in 2024 and is anticipated to reach around USD 202.52 billion by 2034, expanding at a CAGR of 11.32% from 2025 to 2034. The portable medical devices market is expanding rapidly due to the growing demand for home healthcare and the increasing need for remote monitoring solutions to improve healthcare delivery.

Portable Medical Devices Market Key Takeaways

• North America dominated the global portable medical devices market with the largest market share of 39.39% in 2024.
• Asia Pacific is expected to expand at a solid CAGR of 12.5% during the forecast period. 
• By product, the monitoring devices segment contributed the highest market share of 49% in 2024.
• By application, the gynecology segment is projected to grow at a notable CAGR during the forecast period.

AI integration Into Portable Medical Devices

Artificial Intelligence (AI) has already proven to be a game changing technology in the healthcare sector. AI is finding application in portable medical devices too. With AI based technology, remote monitoring can help healthcare providers to rack patient health and analyze data in real-time even from a physical distance. This helps improve patient care. Devices that are AI and machine learning (ML) powered have the capacity to analyze huge amounts of data accurately which helps professionals make informed decisions. AI can help with diagnostic imaging, health monitoring wearable, remote monitoring etc. There is lot of research and development activities going on regarding applications of AI in portable medical devices by the key players which is poised to have a positive impact on the market growth. 

U.S. Portable Medical Devices Market Size and Growth 2025 to 2034

The U.S. portable medical devices market size was evaluated at USD 23.20 billion in 2024 and is predicted to be worth around USD 68.29 billion by 2034, rising at a CAGR of 11.40% from 2025 to 2034.

North America dominated the global portable medical devices market with the largest market share of 39.39% in 2024. United States of America is a big factor for this region leading position in the market. In US, the government rules and regulations are favorable to the wide scale utilization of such medical devices. The infrastructure is solid and technological advancements are easily accepted. This country will continue to be an important aspect for this region’s growth in the forecast period.

Asia Pacific is expected to expand at a solid CAGR of 12.5% during the forecast period. Prominent improvement in the treatment rate and healthcare infrastructure coupled with the increasing adoption of smart wearable devices in the region are some of the key factors that propel the market growth. For instance, Forbes quoted in the year 2018 that rising popularity of wearable technology, changing consumer lifestyle, and rising accessibility of these devices projected to surge the demand for smart wearables in India in the coming years.

Portable Medical Devices Market Growth Factors

• The growing demand for remote care is a major factor boosting the growth of the market. Portable medical devices improve patient care by providing real-time monitoring. These devices are useful in rural areas or remote communities where medical facilities are limited. With easy-to-use devices, doctors can perform effective tests.
• The rising awareness about the benefits of portable medical devices, such as diagnostic and monitoring devices, is expected to boost the market growth. The advantage of portable diagnostic tools is that they can provide rapid diagnosis anywhere. In emergencies, rapid diagnosis is essential for the survival of the patient.
• With the growing prevalence of chronic diseases worldwide, the adoption of portable medical devices is increasing. Some chronic diseases, such as diabetes, require regular monitoring of health parameters to manage conditions.
• The increasing usage of wearable medical devices is likely to contribute to market expansion. These devices allow users to track their health data, reducing frequent hospital visits.
• The rising trend of self-care further boosts the adoption of medical devices.
• Increasing advancements in medical devices propels the market growth. Innovations such as advanced sensors and improved battery life make portable medical devices more user-friendly and efficient.

Market Scope

Market Dynamics

Driver

Growing geriatric population

There is a rising number of populations that comes under geriatric and this will continue in the coming years as life span has increased. The elderly population generally suffer from different ailments like heart issues, chronic diseases etc. They need proper attention and care at healthcare facilities as well as their living spaces. This has increased the demand for portable medical devices as they can be utilized in home care. The increasing demand of medical attention of a growing elderly population is expected to help in expansion of portable medical devices market.

Restraint

Risks Associated with the Use of Battery-powered Medical Devices

There are some significant risks associated with the use of batteries in medical devices that could limit the growth of the portable medical devices market. A faulty battery can cause a loss of power and prevent the device from performing as expected, endangering the patient. Using the wrong or incompatible batteries can damage the device and compromise patient safety. Additionally, battery replacement requires special training and introduces additional risks such as misuse, device failure, or incorrect readings. An overheating battery can cause serious damage, including fire and possible burns. These issues highlight the significant challenges of battery safety and proper disposal that could limit the widespread use of portable medical devices.

Opportunity

Rising health awareness

There is a noticeable increase in awareness amongst people related to healthy lifestyle and importance of it. This has increased the number of people focusing on health and fitness with younger population regularly opting for wearable medical devices. These wearables have different features like fitness tracking, heart rate etc. which provides real-time data to the user. Athletes use wearable to monitor their health and performance. Significant technological advancements and inclusion of more user-friendly features could further boost the usage of wearables, directly aiding growth of the portable medical devices market.  

Product Insights

The monitoring devices segment contributed the highest market share of 49% in 2024. The advancement in technology has added new features to these devices compact design and mobility. These aspects will continue helping the growth of this segment during the forecast period. 

The smart wearable segment is expected to grow at the fastest rate of 19% during the forecast period. The smart wearable medical devices segment is expected to grow at the fastest rate during the forecast period due to their increased adoption. Smart wearable medical devices, such as fitness bands, help to track daily physical activities. These devices store health data, which can be shared with doctors through WiFi or Bluetooth, enabling remote monitoring. Many smart medical devices can seamlessly integrate with mobile applications, improving the quality of care and user experience.

Application Insights

The market is segmented into Cardiology, Orthopedics, Gynecology, Urology, Gastrointestinal, Neurology, Others.

The gynecology segment is projected to grow at a notable CAGR during the forecast period. Increasing adoption of imaging technologies and other portable monitoring systems in the gynecology application propel its growth. For instance, Signostics developed Signos RT, a handheld ultrasound system that is used for real-time monitoring of the fetus. Other than this, significant growth in the new child birth rate per year is exponentially increasing that again triggers the need for advanced and portable monitoring systems in gynecology application. Adoption of advanced portable devices has also reduced the chances of birth defects that contributes as a key factor that fuel the demand for portable gynecology devices in the coming years.

Portable Medical Devices Market Companies

The global portable medical devices market is dominated by the presence of major market players. These players adopt inorganic growth strategies such as mergers & acquisitions, collaboration, and partnership to strengthen their market footprint by developing novel and innovative solutions.

• Samsung Group
• General Electric Company
• Koninklijke Philips N.V
• VYAIRE
• Nox Medical
• OMRON Corporation
• Medtronic Plc

Latest Announcements

• At Pittcon 2024 held in San Diego, US, Richard Crocombe, Principal of Crocombe Spectroscopy Consulting, talked about how wearable health and fitness technology devices are the future of healthcare.  
• In July 2024, Molbio’s Truenat technology received global accolade at the 77th World Health Assembly at Geneva. Sriram Natarajan, Founder and CEO of Molbio, where he stressed that the Molbio’s commitment to innovation and excellence, and a drive to create impactful solutions has resonated on a global scale, which he is extremely proud of. 

Recent Developments

• In December 2024, the Bureau of Indian Standards (BIS) announced that they will prioritizing development of standards for 214 crucial medical devices. This will be application for devices that set for phased completed by December 2025. 
• In June 2024, the US Army Medical Evaluation Test Activity conducted a test of three field portable ultrasound devices. These portable devices are small, lightweight and mobile; they have been approved by the FDA. 
• In March 2024, Johnson Matthey Plc (JM) announced that it has signed an agreement to sell 100% of its medical device business (MDC) to Montagu Private Equity (Montagu) for a high cash consideration of USD 7 million.
• In May 2023, OMRON Healthcare India announced their collaboration with AliveCor to launch portable monitoring devices for ECG in India.
• In August 2023, Bonatra launched Wearable Smart Rings. These rings are designed to continuously monitor a range of health parameters, such as sleep score, sleep duration, and readiness score.

Market Segmentation

This research study encompasses comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative intelligences, and prognoses of the market. This report presents breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report comprises market division and its revenue valuation by categorizing it depending on product, application, and region:

By Product

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

By Application

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

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World