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Portable Medical Devices Market to Grow Approximately 15.23% through 2023 Portable medical devices market is projected to witness a compound annual growth rate of 15.23% to reach a total market size of US$46.962 billion by 2023, from US$30.698 billion in 2018. Strong support by various governments and preference for low cost medical facilities due to rising healthcare costs is spurring up the demand for portable medical devices market.