Smart Medical Devices
A Global Strategic Business Report
MCP22793
WHAT'S BEHIND OUR DATA?
140857226
DOMAIN TRANSCRIPTS6080276
BRANDS TRACKED1729341
FEATURED COMPANIES22574
TOPICS COVERED82719
MARKET SEGMENTS91
KEY INDUSTRIES1574
CURATION TEAM4761909
DECISION MAKERSEXECUTIVE ENGAGEMENTS BY TIER (313)
37
CXO39
VICE PRESIDENT61
DIRECTOR102
MANAGER74
MARKETINGHIGHLIGHTS & REPORT INDEX
Global Smart Medical Devices Market to Reach US$67.4 Billion by 2030
The global market for Smart Medical Devices estimated at US$40.9 Billion in the year 2024, is expected to reach US$67.4 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2024-2030. Diagnostics & Monitoring Devices, one of the segments analyzed in the report, is expected to record a 8.3% CAGR and reach US$44.6 Billion by the end of the analysis period. Growth in the Therapeutic Devices segment is estimated at 9.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$11.5 Billion While China is Forecast to Grow at 7.8% CAGR
The Smart Medical Devices market in the U.S. is estimated at US$11.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.0% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Global Smart Medical Devices Market - Key Trends and Drivers Summarized
How Are Smart Medical Devices Transforming Healthcare Delivery?
Smart medical devices are connected healthcare tools that provide real-time patient monitoring, diagnostics, and treatment management. Equipped with sensors, IoT connectivity, and data analytics, these devices offer enhanced accuracy, remote monitoring capabilities, and integration with electronic health records (EHR). From wearable fitness trackers and glucometers to implantable devices and smart inhalers, smart medical devices support personalized medicine, telemedicine, and proactive health management. As healthcare systems shift toward digital transformation, smart medical devices have become essential for improving patient outcomes, reducing hospital visits, and enhancing overall care quality.
What Are the Key Segments in the Smart Medical Devices Market?
Key device types include diagnostic devices, monitoring devices, and therapeutic devices, with monitoring devices holding the largest market share due to their role in chronic disease management and telehealth. Applications span diabetes care, respiratory monitoring, cardiovascular monitoring, and fitness tracking, with diabetes care representing a significant segment driven by the need for continuous glucose monitoring (CGM) and insulin management. End-users include hospitals, clinics, and home care, with home care leading the market as patients adopt self-monitoring and remote management tools.
How Are Smart Medical Devices Integrated Across Healthcare?
In hospitals, smart medical devices like infusion pumps, ECG monitors, and ventilators provide real-time patient data, enabling timely interventions and improved care. In home care, devices like smart glucometers, pulse oximeters, and blood pressure monitors support patients in managing chronic conditions while sharing data with healthcare providers through connected apps. Wearable devices like smartwatches and fitness trackers offer users insights into physical activity, heart rate, and sleep patterns, promoting overall wellness. Additionally, telemedicine platforms use data from smart medical devices to facilitate remote consultations, diagnostics, and treatment adjustments, supporting continuity of care.
What Factors Are Driving the Growth in the Smart Medical Devices Market?
The growth in the Smart Medical Devices market is driven by several factors, including increasing adoption of digital health solutions, which emphasize remote patient monitoring and chronic disease management. Advancements in sensor technology, wireless connectivity, and AI-based data analytics have enhanced the accuracy and functionality of smart medical devices, supporting wider use in preventive and personalized medicine. The growing prevalence of chronic diseases like diabetes, hypertension, and respiratory disorders has further fueled demand for smart medical devices that enable continuous monitoring and timely intervention. Additionally, government initiatives promoting telemedicine and digital healthcare have contributed to market expansion, as healthcare providers and patients seek innovative solutions for efficient and effective care delivery.
SCOPE OF STUDY
The report analyzes the Smart Medical Devices market by the following Segments, and Geographic Regions/Countries:
Segments:
Product (Diagnostics & Monitoring Devices, Therapeutic Devices); Distribution Channel (Online, Pharmacies, Other Distribution Channels).
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World..
SELECT PLAYERS
Abbott Laboratories; Apple Inc.; Dexcom, Inc.; Everist Genomics; F.Hoffmann-La Roche Ltd.; Fitbit, Inc.; Johnson & Johnson; Medtronic plc.; NeuroMetrix, Inc.; Omron Corporation; Philips Electronics; Samsung Electronics Co., Ltd; Sonova; Sotera Wireless; Vital Connect; Zephyr Technology Corporation
AI INTEGRATIONS
We’re transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
TABLE OF CONTENTS
| I. METHODOLOGY |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Trade Shocks, Uncertainty, and the Structural Rewiring of the Global Economy |
| How Trump’s Tariffs Impact the Market? The Big Question on Everyone’s Mind |
| Global Economic Update |
| Smart Medical Devices – Global Key Competitors Percentage Market Share in 2024 (E) |
| Competitive Market Presence - Strong/Active/Niche/Trivial for 33 Players Worldwide in 2024 (E) |
| 2. FOCUS ON SELECT PLAYERS |
| 3. MARKET TRENDS & DRIVERS |
| Rising Focus on Digital Healthcare Spurs Growth in Smart Medical Devices |
| Technological Advancements in AI, IoT, and Cloud-Based Monitoring Strengthen Business Case for Smart Devices |
| Increasing Adoption in Remote Patient Monitoring, Chronic Disease Management, and Elderly Care Expands Market |
| Expansion of Smart Devices in Cardiovascular, Respiratory, and Neurological Monitoring Fuels Growth |
| Growing Demand for Real-Time Health Insights, Alerts, and Predictive Analytics Drives Adoption |
| Integration with Telehealth Platforms, Wearable Sensors, and Digital Health Apps Expands Addressable Market |
| Rising Focus on Personalized, Data-Driven, and Continuous Monitoring Generates New Demand |
| Technological Innovations in Miniaturization, Biocompatibility, and Battery Life Propel Market Growth |
| Growing Use of Smart Medical Devices in Home Healthcare, Post-Surgical Recovery, and Rehab Expands Market |
| Focus on Achieving Compliance with HIPAA, GDPR, and Medical Device Directives Strengthens Adoption |
| Rising Demand for AI-Driven Diagnostics, Self-Tracking, and Digital Therapeutics Generates Market Opportunities |
| Technological Advancements in Wearable, Implantable, and Connected Medical Devices Propel Market Expansion |
| Growing Demand for Safe, Accurate, and Non-Invasive Health Monitoring Drives Adoption |
| 4. GLOBAL MARKET PERSPECTIVE |
| World Recent Past, Current & Future Analysis for Smart Medical Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR |
| World 6-Year Perspective for Smart Medical Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030 |
| World Recent Past, Current & Future Analysis for Diagnostics & Monitoring Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR |
| World 6-Year Perspective for Diagnostics & Monitoring Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030 |
| World Recent Past, Current & Future Analysis for Therapeutic Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR |
| World 6-Year Perspective for Therapeutic Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030 |
| World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR |
| World 6-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030 |
| World Recent Past, Current & Future Analysis for Pharmacies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR |
| World 6-Year Perspective for Pharmacies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030 |
| World Recent Past, Current & Future Analysis for Other Distribution Channels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR |
| World 6-Year Perspective for Other Distribution Channels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030 |
| World Smart Medical Devices Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030 |
| III. MARKET ANALYSIS |
| UNITED STATES |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E) |
| USA Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| USA 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| USA Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| USA 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| CANADA |
| Canada Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Canada 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Canada Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Canada 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| JAPAN |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E) |
| Japan Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Japan 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Japan Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Japan 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| CHINA |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E) |
| China Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| China 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| China Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| China 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| EUROPE |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E) |
| Europe Recent Past, Current & Future Analysis for Smart Medical Devices by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR |
| Europe 6-Year Perspective for Smart Medical Devices by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030 |
| Europe Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Europe 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Europe Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Europe 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| FRANCE |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E) |
| France Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| France 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| France Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| France 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| GERMANY |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E) |
| Germany Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Germany 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Germany Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Germany 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| ITALY |
| Italy Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Italy 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Italy Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Italy 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| UNITED KINGDOM |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E) |
| UK Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| UK 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| UK Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| UK 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| REST OF EUROPE |
| Rest of Europe Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Rest of Europe 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Rest of Europe Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Rest of Europe 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| ASIA-PACIFIC |
| Smart Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E) |
| Asia-Pacific Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Asia-Pacific 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Asia-Pacific Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Asia-Pacific 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
| REST OF WORLD |
| Rest of World Recent Past, Current & Future Analysis for Smart Medical Devices by Product - Diagnostics & Monitoring Devices and Therapeutic Devices - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Rest of World 6-Year Perspective for Smart Medical Devices by Product - Percentage Breakdown of Value Sales for Diagnostics & Monitoring Devices and Therapeutic Devices for the Years 2025 & 2030 |
| Rest of World Recent Past, Current & Future Analysis for Smart Medical Devices by Distribution Channel - Online, Pharmacies and Other Distribution Channels - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR |
| Rest of World 6-Year Perspective for Smart Medical Devices by Distribution Channel - Percentage Breakdown of Value Sales for Online, Pharmacies and Other Distribution Channels for the Years 2025 & 2030 |
COMPETITIVE METRICS
PREVIEW REPORT
Our robust permission-based engagement strategy requires a one-time double opt-in and/or re-consent for all users. We will re-establish consent once a year from date of last use. Both these practices exceed GDPR mandates.
What we store: Primary coordinates such as email, company address and phone. In-house developed influencer rank.
How we store: Encrypted and additionally secured by firewalls.
How we use your data: Only to contact you directly. We never share your coordinates with any individual or entity outside our company for any reason.
Privacy queries: [email protected]