Smart Medical Devices Market: By Product (Diagnostic Devices, Monitoring Devices, Therapeutic Devices, Rehabilitation Devices, and Others), By Type (Portable and Wearable), By End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, and Homecare), and Geography  

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Smart Medical Devices Market size was valued at USD 42.8 million in 2023 and is projected to reach USD 66.9 million by 2030, growing at a CAGR of 6.6% from 2024-2030. Smart medical devices are being utilized as vital devices by doctors to distinguish different sicknesses by checking crucial signs. Chronic illnesses, for example, hypertension and diabetes have in this way got a new point of view from both the therapeutic business and the patients. From a more extensive point of view, these gadgets have radically diminished the workload for social insurance suppliers by nearly checking persistent well-being and making brisk moves if there should arise an occurrence of any real change in the readings. The business players are engaged with different systems, for example, mergers and acquisitions and new item dispatch.

For Instance, Medtronic gained Covidien Plc in January 2015. Through this securing, the organization is relied upon to bring down generation costs and extend its item portfolio to expand market penetration. Similarly, in April 2018, Teradata presented the initial 4D examination that can be utilized as a part of wearable and individual restorative gadgets to interpret the three-dimensional geospatial area information with time as the fourth measurement.

Global Smart Medical Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.6%

Largest Market

North-America

Fastest Growing Market

North-America

Smart Medical Devices Market Dynamics

One of the key factors adding to the development of the overall smart medical devices market is the mounting elderly populace, who are inclined to an expansive scope of illnesses, expanding their dependence on brilliant restorative gadgets for efficient malady administration. Moreover, the ascent in acknowledgment of cell phones around the world, expanding use of remote and cell phone for medicinal gadgets, developing focus on wellness and wellbeing, and rising charge for home social insurance is anticipated to drive market development. In addition, the mounting innovative progressions are additionally foreseen to goad the development of the smart medical devices market. Restrictive costs relating to the innovative progressions combined with constrained repayment strategies can obstruct the smart medicinal devices market development over the estimate time frame.

Global Smart Medical Devices Market Segmentation

By Product

  • Diagnostic Devices
  • Monitoring Devices
  • Therapeutic Devices
  • Rehabilitation Devices
  • Others

By Type

  • Portable
  • Wearable

By End User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Homecare

Frequently Asked Questions

The smart medical devices market size was valued at USD 42.8 million in 2023 and is projected to reach USD 66.9 million by 2030, growing at a CAGR of 6.6% from 2024-2030.

Philips, Fitbit, Monica Healthcare, Garmin, LifeWatch, Omron

North America is the fastest-growing region in the smart medical devices market  

Key Features of the Report

  • The smart medical devices market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Smart Medical Devices Market Introduction 
2.1.Global Smart Medical Devices Market  - Taxonomy
2.2.Global Smart Medical Devices Market  - Definitions
2.2.1.Product
2.2.2.Type
2.2.3.End User
2.2.4.Region
3.Global Smart Medical Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Smart Medical Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Smart Medical Devices Market  By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Diagnostic Devices
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Monitoring Devices
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Therapeutic Devices
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Rehabilitation Devices
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Others
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Smart Medical Devices Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Portable
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Wearable
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Smart Medical Devices Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Diagnostic Centers
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Ambulatory Surgical Centers
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Homecare
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Smart Medical Devices Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Smart Medical Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Diagnostic Devices
9.1.2.Monitoring Devices
9.1.3.Therapeutic Devices
9.1.4.Rehabilitation Devices
9.1.5.Others
9.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Portable
9.2.2.Wearable
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Diagnostic Centers
9.3.3.Ambulatory Surgical Centers
9.3.4.Homecare
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Smart Medical Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Diagnostic Devices
10.1.2.Monitoring Devices
10.1.3.Therapeutic Devices
10.1.4.Rehabilitation Devices
10.1.5.Others
10.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Portable
10.2.2.Wearable
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Diagnostic Centers
10.3.3.Ambulatory Surgical Centers
10.3.4.Homecare
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Smart Medical Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Diagnostic Devices
11.1.2.Monitoring Devices
11.1.3.Therapeutic Devices
11.1.4.Rehabilitation Devices
11.1.5.Others
11.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Portable
11.2.2.Wearable
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Diagnostic Centers
11.3.3.Ambulatory Surgical Centers
11.3.4.Homecare
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Smart Medical Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Diagnostic Devices
12.1.2.Monitoring Devices
12.1.3.Therapeutic Devices
12.1.4.Rehabilitation Devices
12.1.5.Others
12.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Portable
12.2.2.Wearable
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Diagnostic Centers
12.3.3.Ambulatory Surgical Centers
12.3.4.Homecare
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Smart Medical Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Diagnostic Devices
13.1.2.Monitoring Devices
13.1.3.Therapeutic Devices
13.1.4.Rehabilitation Devices
13.1.5.Others
13.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Portable
13.2.2.Wearable
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Diagnostic Centers
13.3.3.Ambulatory Surgical Centers
13.3.4.Homecare
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Philips (Netherlands)
14.2.2.Fitbit (US)
14.2.3.Monica Healthcare (UK)
14.2.4.Garmin (Switzerland)
14.2.5.LifeWatch (Switzerland)
14.2.6.Omron (Japan)
14.2.7.Jawbone (US)
14.2.9.Polar (Finland)
14.2.10.VitalConnect (US)
14.2.11.Activeinsights (UK)
14.2.12.Misfit (US)
15. Research Methodology 
16. Appendix and Abbreviations 
  • Philips (Netherlands)
  • Fitbit (US)
  • Monica Healthcare (UK)
  • Garmin (Switzerland)
  • LifeWatch (Switzerland)
  • Omron (Japan)
  • Nokia Technologies (US)
  • Drägerwerk (Germany)
  • Jawbone (US)
  • Wor(l)d Global Network (US)
  • Polar (Finland)
  • VitalConnect (US)
  • Activeinsights (UK)
  • Misfit (US)
  • Xiaomi (China)

Adjacent Markets