Report ID: SQMIG35A2544
Report ID:
SQMIG35A2544 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
97 |
Figures:
80
Portable Medical Devices Market size was valued at USD 29.77 Billion in 2023 and is poised to grow from USD 33.13 Billion in 2024 to USD 78.03 Billion by 2032, growing at a CAGR of 11.3% during the forecast period (2025-2032).
In recent years, there has been a notable expansion and change in the global portable medical equipment market. Compact and easy-to-use medical gadgets catering to consumers as well as medical providers are included in this market segment.
The need for accessible and affordable healthcare solutions, rising chronic illness rates, growing healthcare awareness, and technology breakthroughs are the main factors propelling this market's expansion. Products like glucose meters, blood pressure monitors, pulse oximeters, wearable health trackers, and portable ultrasound machines are examples of portable medical gadgets. The benefit of real-time monitoring that these gadgets provide is the ease with which patients can keep tabs on their health concerns.
They also supply important data for diagnosis and treatment planning to medical experts. Because portable medical gadgets allow for remote monitoring and telemedicine, they have become increasingly popular as a result of the COVID-19 epidemic. This is because they have made in-person trips to healthcare facilities unnecessary. The aforementioned tendency is anticipated to persist beyond the epidemic, as it improves healthcare accessibility and alleviates pressure on healthcare systems.
However, the growth of the global portable medical devices market can possibly be stunted due to challenging factors such as issues with regulatory compliance and rising concerns about data privacy. Despite the probable disruption, any preemptive measures planned by the industry can ensure market growth remains on the upward trajectory.
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Report ID: SQMIG35A2544