Published June 28, 2023
IMARC Group, a leading market research company, has recently releases report titled “North America Portable Medical and Healthcare Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the North America portable medical and healthcare devices market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the North America portable medical and healthcare devices market?
The North America portable medical and healthcare devices market is expected to exhibit a growth rate (CAGR) of 8.59% during 2023-2028.
Portable medical and healthcare devices save and enhance life quality by detecting diseases and improving diagnosis, treatment, and patient monitoring, thereby reducing healthcare costs. Owing to this, medical machines represent a fast-growing segment of the healthcare sector. Pharmaceutical devices represent an extraordinarily varied product group, ranging from simple disposable supplies to surgical implements, patient treatment and monitoring systems. Portable appliances allow medical teams to give high-quality care instantly and therefore, the market for these machines is growing rapidly.
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What are the growth prospects and trends in the North America portable medical and healthcare devices industry?
The fast-paced environment is changing the lifestyle choices of people and the increasing number of disorders, such as cancer, diabetes, hypertension, and cardiovascular diseases, are primarily driving the North America portable medical and healthcare devices market. Furthermore, the growing prevalence of non-communicable diseases, on account of the rise in smoking, alcohol use, and obesity, is also augmenting the market growth. Apart from this, the expanding aging population has necessitated the need for constant health monitoring, which is positively influencing the regional market.
Moreover, continuous technological innovations in the detection, diagnosis, and monitoring of numerous disorders, enabling the market to bring more varied products and machines to cater to the particular requirements of the patients, are further bolstering the market growth. Besides this, the increasing health-conscious users are widely using smart fitness wearable devices to detect their heart rate and improve their overall health, which is acting as another significant growth-inducing factor. Additionally, tailored treatments of several diseases and the emerging trend of miniaturization of technology are expected to drive the North America portable medical and healthcare devices market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Key Regions Analysed
- United States
Analysis for Each Country
Market by Device Type
Medical Monitoring Devices
- Vital Signs Monitoring Devices
- Foetal Monitoring Devices
- Neuromonitoring Devices
- Blood Glucose Monitoring Devices
- Anaesthesia Monitoring Devices
Wearable Health and Fitness Devices
- Smart Wrist-Wearables
- Smart Garments
- Chest Straps
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