North America Portable Medical and Healthcare Devices Market growth 2025 | Growth, Size, and Trends Forecast by 2033

North America Portable Medical and Healthcare Devices Market Overview

Market Size in 2024: USD 39.0 Billion 

Market Size in 2033: USD 81.4 Billion

Market Growth Rate 2025-2033: 7.6%

According to IMARC Group's latest research publication, "North America Portable Medical and Healthcare Devices Market Report by Device Type (Medical Monitoring Devices, Wearable Health and Fitness Devices), and Country 2025-2033", The North America portable medical and healthcare devices market size reached USD 39.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 81.4 Billion by 2033, exhibiting a growth rate (CAGR) of 7.6% during 2025-2033.

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Growth Factors in the North America Portable Medical and Healthcare Devices Market

• Surge in Electric Vehicle Adoption:

  Battery recycling is becoming increasingly important as the world pushes toward electric vehicles (EVs) because the onslaught of EVs means we will need to get rid of millions of lithium-ion batteries. State and federal regulations require efficient disposal of batteries, and we are rapidly reaching an inflection point on which material from EVs begins to hit the recycling markets. For example, the International Energy Agency noted that electric car registrations totaled 2.3 million in a single year. 2.3 million electric cars are going to lead to a massive stream of end-of-life batteries. These batteries contain valuable commodities such as lithium, cobalt, and nickel that can be run through recycling processes to recover those materials to reuse them in new batteries. Government initiatives such as the U.S. Responsible Battery Recycling Act support the concept of managing the sustainable disposal of batteries while recovering valuable material to reinject back into the market. Companies such as Redwood Materials are teaming up with traditional automakers such as Toyota to create closed-loop supply chains to ensure recycled materials re-enter the supply chain, reduce reliance on mining, and pursue a circular economy. This is big business, and that is to the industry's advantage.

• Stringent Environmental Regulations:

  Governments are showing serious interest in regulating improper battery disposal in order to push recycling, and the changes are allowing the industry to develop. In the European Union, there are regulations like the Battery Directive that states a company must recycle a minimum percentage of the materials used in batteries, and ultimately the companies will invest in recycling technology application facilities. In the United States, the Environmental Protection Agency estimates the annual disposal of over 3 billion batteries and many of these batteries contain hazardous materials (lead, cadmium, etc.) that can be harmful to soils and waters. The Mercry-Containing and Rechargeable Battery Management Act offers guidance and promotes recycling of batteries that contain hazardous materials. These policies have created a compelling interest in recycling infrastructure to financially benefit companies like Call2Recycle and Li-Cycle. The environmental and economic benefits generated by recovering critical metals demonstrate not only compliance with regulations but also feasibility for recycling to occur more broadly, allowing for industrial growth.

• Rising Demand for Sustainable Materials:

  Governments are demonstrating a serious commitment to regulate unwanted battery disposal, in order to generate momentum on recycling, and direction through changes supports the industry. For example, in the European Union, regulations exist within the Battery Directive, which mandates that a company recycle a certain percentage of the materials they utilize for batteries, and ultimately they will invest in the applications and facilities for recycling technology. In the United States, the Environmental Protection Agency estimates 3 billion batteries are disposed of on an annual basis, and a number of these batteries have hazardous materials found in them (lead, cadmium, etc.) that could be detrimental to soils and waters. The Mercry-Containing and Rechargeable Battery Management Act provides guidance and assists with the recycling of batteries with hazardous materials. The policies have created an interesting investment in recycling infrastructure for companies such as Call2Recycle and Li-Cycle to profit. The environmental and economic recovery benefits from the carbon metals recovered in terms of the feasibility to comply without a lot of cost enable recycling to increase across more companies and manufacture growth.

Key Trends in the North America Portable Medical and Healthcare Devices Market

• Growth in Wearable Health Monitors:

  Wearable health monitors, such as smartwatches and fitness trackers, are on the rise across North America, as consumers take control of their health and wellness. Devices like Apple's watch and Fitbit have been able to track user's heartrate, sleeping, and blood oxygen levels, with an expected 50 million in sales each year for the entire wearables' sector across the U.S. Market. These devices are intended to allow us to manage activities and/or chronic diseases, like diabetes or heart disease, within the home environment, which can reduce hospital visits. The use of advanced sensors and artificial intelligence allow for real-time health analytics, which is a strong aspect for many aging end-users. If we take the Withings ScanWatch as an example the ECG capabilities of the watch add to its attractiveness for consumers with serious heart concerns. With the increase in healthcare costs, health wearables provide a boost in a consumer's ability to take ownership of their health, which is perhaps more so in the way our manufactured devices are being evaluated, to make it more useful, personalized, and easier than ever to collect custom data about one's health and well-being.

• Expansion of Portable Diagnostic Tools:

  Portable diagnostic devices are revolutionizing healthcare by taking testing to the patient in their own home. Portable ultrasound machines and blood glucose monitors are starting to gain ground with the total U.S. market at over $2 billion annually. For example, the company Butterfly Network offers handheld ultrasound devices that connect to a smartphone app. Not only does this allow for more rapid diagnosis rather than having to go to a facility, it allows testing to occur in rural or underserved areas. Portable diagnostic devices are most important in chronic care, and since patients can now test and transmit the results to the doctor remotely, there a better way to monitor chronic illness at home. This trend is continuing due to technological advancement in miniaturization and telemedicine as over 60% of healthcare providers in the U.S. now have telehealth platforms in place. This change alleviates some pressure placed on the healthcare system and incentivizes patients to self manage their conditions at home. This will increase the demand for portable, easy-to-use diagnostic tools in North America.

• Rise of Smart Inhalers and Drug Delivery Devices:

  Smart inhalers and drug delivery devices are marking a significant change in North America as it pertains to respiratory disease and chronic disease management. Devices such as Propeller Health's Smart Inhaler track medication usage and provide data to provide an app that supports a patient's understanding of their medication use. The history of drug delivery devices is limited...but there are over 25 million people in the United States that have respiratory disease which is an enormous source of potential demand. The market is growing as well. Smart inhalers and devices have been integrated with sensors, connectivity, and user engagement to provide tailored feedback that improves patient outcomes. For example, Teva's Digihaler realizes are continuous digital monitoring process to prescribe optimal inhaler use . The trend is accelerated by the overall move toward connected healthcare and in particular, it addresses the issue of providers harnessing openly available data to optimize their treatment regimen. For example, as chronic diseases are becoming more common and being diagnosed more readily, this segment of the market is poised to accelerate further and lead to enhanced patient care, as well as patient engagement.

The north america portable medicaland healthcare devices market report provides a comprehensive overview of the industry. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.

North America Portable Medical and Healthcare Devices Industry Segmentation:

The report has segmented the market into the following categories:

• Key Regions Analyzed
  • United States
  • Canada
  • Mexico
     
• Analysis for Each Country
• Market by Device Type
  • Medical Monitoring Devices
    • Vital Signs Monitoring Devices
    • Foetal Monitoring Devices
    • Neuromonitoring Devices
    • Blood Glucose Monitoring Devices
    • Anaesthesia Monitoring Devices
  • Wearable Health and Fitness Devices
    • Smart Wrist-Wearables
    • Smart Garments
    • Chest Straps
       
• Value Chain Analysis
• Key Drivers and Challenges
• Porters Five Forces Analysis
• PESTEL Analysis
• Government Regulations
• Competitive Landscape
  • Competitive Structure
  • Key Player Profiles

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

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