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Portable Medical and Healthcare Devices Market industry analysis reveals that the global market was valued at US$ 15 Bn in 2020, and is projected to top US$ 33 Bn by 2031, expanding at a CAGR of 11%. Demand for monitoring devices is projected to expand at a CAGR of 11% reaching a valuation of around US$ 16 Bn, with that for medical therapeutic devices also surging at 11%. The burgeoning population, increasing income levels, rise in ageing population and awareness about health and wellness has catalysed the growth of the market for portable medical devices in the past few years. Portable medical devices use sensors and other advanced wireless technologies to monitor real-time health of the patient.

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