North America Portable Medical Devices Market Outlook

the north american portable medical devices market is projected to experience tremendous growth during the forecast period, 2018-2032. this rising demand can be attributed to an increase in population, the need for health care services and the rising standards of health and lifestyle. the need to provide care beyond the hospital setting and on-site care is among the key factor driving the market for portable medical devices in the region. portable medical devices are designed to provide convenience and improve patient outcomes while reducing hospital stays. among the major innovations in the field include the development of home-based diagnostic and monitoring systems, such as smart watches and continuous glucose monitors that can monitor vital signs and other pertinent health information. the wide range of applications of portable medical devices in the clinical setting include critical care, m-health, remote monitoring, remote consultation, telemedicine, and home-based medical care. technological innovation and advancement is expected to further propel the portable medical device market growth. continuous advancements in medical device technology, such as miniaturization of components, wireless communication, cloud computing, and artificial intelligence, are expected to drive the demand for portable medical devices. in addition, the need to handle medical data with privacy and security as well as the introduction of newer wireless standards such as hspa+ and 4g is also driving product development. this will thereby drive the demand for portable medical device to un-tapped and emerging markets. rising healthcare costs and demand for quality healthcare is another factor expected to positively impact the portable medical device market. governments have realised the importance of early diagnosis and prevention of health issues and thus are investing in the development of mobile medical device technologies. in addition, healthcare organisations are also turning to mobile medical devices to reduce costs associated with providing healthcare services. the ability of these devices to provide cost-effective, early diagnosis and patient-care is expected to drive the need for them in the healthcare sector. the north american portable medical devices market is expected to experience rising demand owing to the supportive regulatory environment, technological advancements, and the need to control costs and improve quality of healthcare services. companies operating in this market are likely to pursue collaborations and mergers & acquisitions to develop innovative products for the global portable medical devices market.