PORTABLE MEDICAL DEVICES MARKET ANALYSIS

Regional Analysis

Global Portable Medical Devices Market: Regional Insights

Based on geography, the global portable medical devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among regions, North America is expected to gain the highest share in the market during the forecast period owing to the increase in prevalence of chronic diseases, growing geriatric population, rise in preference for home healthcare, and increasing demand for wearable devices in the region. For instance, with the rise in burden of chronic diseases, such as heart disease and cancer, the demand for portable medical devices is also increasing rapidly. According to the U.S. Centers for Disease Control and Prevention, chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability in the United States.

Europe and Asia Pacific are also expected to witness robust growth in the global portable medical devices market due to the rise in burden of chronic diseases, rise in preference for home healthcare, growing geriatric population, and the outbreak of COVID-19 in these regions. For instance, several medical devices manufacturers took up the pandemic as a challenge and came up with innovative medical devices. The Government of India through its Centre for Augmenting WAR with COVID-19 Health Crisis initiative scouted, evaluated, and supported promising ventilator, respiratory aids and other equipment from 5 companies who have now taken their products to the deployment stage.

Figure 1. Global Portable Medical Devices Market Share (%), By Region, 2023

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East and Africa: GCC Countries, Israel, Rest of Middle East, South Africa, North Africa, and Central Africa