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.

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

Rising adoption of image-guided therapy systems and advanced smart wearable coupled with the on-going trend of real-time and accurate monitoring anticipated to propel the market growth. Increasing awareness related to the benefits of portable devices, for example increased mobility, also attributed to surge the adoption rate of portable medical devices in medical centers and hospitals. Ongoing technological advancement in the field of medical facilities is one of the key factors that drive the market growth. Preference for less intrusive and portable medical technologies has flourished the demand for insulin pumps, oxygen concentrators, and image-guided therapy systems among other medical devices. Subsequently, manufacturers are focused towards developing innovative technologies that are wireless, compact, and user-friendly. In addition, technological advancements in embedded systems, sensors, and electronics combined with developments in medical devices anticipated to fuel innovations in the field of medical technologies that further boost the market growth.

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. 

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. 

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 May 2023, OMRON Healthcare India announced their collaboration with AliveCor to launch portable monitoring devices for ECG in India. 

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