Portable Medical Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Device Type (Diagnostic Imaging (X-ray, Endoscope, Ultrasound, Others), Neuromonitoring Devices (Electromyography (EMG) Machines, Electroencephalography (EEG) Machines, Others), Cardiac Monitoring Devices (Holter Monitors, ECG Management Systems, Others), Respiratory Monitoring (Capnography, Spirometers, Peak Flow MetersFetal Monitoring, Neonatal Monitoring, Hemodynamic Monitoring Systems, Dialysis Equipment, CPAP Instruments, Others)), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others) and Region Forecast 2020-2031

Philips Healthcare, GE Healthcare, Medtronic, Natus Medical, Omron Healthcare, Siemens Healthineers, Roche Diagnostics, ON Semiconductor, Samsung Healthcare, and Texas Instruments.

The rising prevalence of chronic illnesses, along with the growth in preventative healthcare, is likely to create considerable opportunities for the market for portable medical devices in the future years. The growing senior population, changing lifestyles, bad eating habits, and environmental factors all contribute to a rise in disease load. The growing need to monitor people's physical activity in order to diagnose or prevent illnesses is projected to fuel demand for portable equipment.

High cost is the major restraining factor for the market. The economic burden on the patient’s family is quite high when there is no insurance coverage or governmental subsidies. In developing countries, a majority of the population is not covered under health insurance. Thus, the cost that comes with these portable devices are to impede market growth.