Portable medical devices market to reach $191.1b by 2035

Its growth is attributed to a rise in chronic diseases and health tech developments.

The portable medical devices market is projected to reach $191.1b by 2035 at a compound annual growth rate of 10.4%, said Future Market Insights Global and Consulting Pvt. Ltd.

The sector’s expansion is attributed to the rising prevalence of chronic diseases and developments in healthcare technology.

Moreover, the adoption of remote patient monitoring, artificial intelligence, and the Internet of Medical Things has contributed to the rising demand for portable medical devices

“Technological innovations in miniaturisation, wireless connectivity, and battery efficiency are making portable medical devices more effective and user-friendly,” the report said.

In addition, government initiatives and investments in telemedicine and digital healthcare infrastructure have further accelerated market growth.