The North America portable medical and healthcare devices market reached a value of US$ 23 Billion in 2019. Portable medical and healthcare devices help to save and improve the quality of life by detecting diseases and improving their diagnosis, treatment and patient monitoring, thereby reducing healthcare costs. On account of this, medical devices represent a fast-growing segment of the healthcare sector. Medical devices represent an extraordinarily varied product group, ranging from simple disposable supplies to surgical implements, patient treatment and monitoring systems. The trend towards smaller, more portable medical equipment is affecting nearly every aspect of the modern medical care. Portable devices allow medical teams to provide high quality care immediately and therefore the market for these devices is growing rapidly.
North America portable medical and healthcare devices market are driven by several factors. Lifestyle diseases are considered as one of the major epidemiologic trends prevalent in the region. The fast-paced environment has altered the lifestyle choices of people and has stimulated the rise in number of diseases such as diabetes, hypertension, cardiovascular diseases and cancer. The other major attributes of this lifestyle improvisation have been increasing prevalence of non-communicable diseases, fueled by rise in smoking, alcohol use and obesity. The escalating prevalence of lifestyle diseases in the region is expected to be the major driver for the portable healthcare medical devices market in the coming years. In addition to this, rapidly aging population has necessitated the need for constant health monitoring and is also fueling the market growth. Apart from this, the portable medical and healthcare device market encompasses a particularly imposing spectrum of constant technological innovations in the detection, diagnosis, and the monitoring of different diseases, enabling the market to bring more varied products and devices to cater the specific needs of the patients. Moreover, rising levels of health consciousness has generated immense growth potential for portable medical and healthcare devices. Looking forward, IMARC Group expects the market to reach a value of US$ 51 Billion by 2025 registering a CAGR of 14.4% during 2020-2025.
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IMARC Group’s latest report provides a deep insight into the North America portable medical and healthcare devices market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America portable medical and healthcare devices market in any manner.
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