Global Portable Medical Devices Market Trends, Forecast Report 2025-2037
Portable Medical Devices Market size was valued at USD 77.3 billion in 2024 to USD 302.8 billion by 2037, growing at a CAGR of 11.6% during the forecast period. 2025-2037. In 2025, the industry size of portable medical devices is expected to be USD 79.7 billion.
The worldwide growth in the portable medical devices market can be primarily attributed to the ongoing advancements in wearable technology, chronic disease prevalence, and the global shift towards home-based healthcare. In 2024, the report published by the CDC states that more than 58% of adults in the U.S. are currently affected by at least one chronic condition. Meanwhile WHO in 2024 notes there is a steady growth in terms of diabetes prevalence, which grew by 18% since 2020. Therefore, this expanding patient pool resulted in a sustained demand for portable devices such as glucose monitors, portable dialysis machines, and cardiac monitoring devices.
The impact of economic variability has been influential in the supply chain of portable medical devices, with China leading the market with 42% of global exports in terms of electronic components, as reported by ITC in 2024. Besides, in terms of final product, sourcing is done from Mexico, out of which 28% is imported by the U.S., and Malaysia dominates 19% of EU imports. This has further created transformations in the economic front, with CPI and PPI rising by 6.5% and 8.6%, reflecting a positive market outlook.
