Portable Medical Electronic Products Market is Anticipated to Witness High Growth Owing to Increased Demand for Remote Monitoring Devices
The global portable medical electronic products market is estimated to be valued at USD 83.10 Billion in 2024 and is expected to reach USD 157.11 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Portable medical electronic products refer to devices that can be easily carried or moved by patients to monitor their health conditions remotely. They provide significant advantages such as ease of use, mobility, real-time data access for physicians and ability to monitor patients outside of healthcare facilities. Growing geriatric population suffering from chronic conditions and rise in awareness about benefits of remote patient monitoring are the key factors augmenting the demand for portable medical devices globally.
Key Takeaways
Key players operating in the portable medical electronic products market are Abbott Laboratories, Roche Diagnostics, Med
The global portable medical electronic products market is estimated to be valued at USD 83.10 Billion in 2024 and is expected to reach USD 157.11 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Portable medical electronic products refer to devices that can be easily carried or moved by patients to monitor their health conditions remotely. They provide significant advantages such as ease of use, mobility, real-time data access for physicians and ability to monitor patients outside of healthcare facilities. Growing geriatric population suffering from chronic conditions and rise in awareness about benefits of remote patient monitoring are the key factors augmenting the demand for portable medical devices globally.
Key Takeaways
Key players operating in the portable medical electronic products market are Abbott Laboratories, Roche Diagnostics, Med
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