Global Smart Medical Devices Market Size & Outlook
Global smart medical devices market, 2018-2030 (US$M)
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Global smart medical devices market highlights
- The global smart medical devices market generated a revenue of USD 90,546.5 million in 2024 and is expected to reach USD 185,559.9 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 12.8% by 2030.
- In terms of segment, therapeutic devices accounted for a revenue of USD 86,571.3 million in 2024.
- Therapeutic Devices is the most lucrative product type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Sweden is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 90,546.5 million |
| Market revenue in 2030 | USD 185,559.9 million |
| Growth rate | 12.8% (CAGR from 2025 to 2030) |
| Largest segment | Therapeutic devices |
| Fastest growing segment | Therapeutic Devices |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics and Monitoring Devices, Therapeutic Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 35.9% of the global smart medical devices market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Sweden is the fastest growing regional market and is projected to reach USD 4,171.6 million by 2030.
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Smart Medical Devices Market Scope
Smart Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart medical devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart medical devices market will help companies and investors design strategic landscapes.
Therapeutic devices was the largest segment with a revenue share of 95.61% in 2024. Horizon Databook has segmented the Global smart medical devices market based on diagnostics and monitoring devices, therapeutic devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Medical Devices Product Type Outlook (Revenue, USD Million, 2018-2030)
- Diagnostics and Monitoring Devices
- Blood Glucose Monitors
- Pulse Oximeters
- Breath Analyzers
- Medical Tricorders
- Blood Pressure Monitors
- Smart Thermometers
- Heart Rate Monitors
- Smart Contact Lenses
- Glucose Monitoring
- Intraocular Pressure Monitoring
- Smart Clothing
- Embedded Health Sensors
- Fitness Monitoring
- Wearable ECG Monitors
- Chest Straps
- Patches
- Therapeutic Devices
- Portable Oxygen Concentrators & Ventilators
- Insulin Pumps
- Hearing Aids
- Neurostimulation Devices
- Spinal Cord Stimulation
- Deep Brain Stimulation
- Transcranial Magnetic Stimulations
- Smart Inhalers
- Asthma & COPD Management
- Connected Inhalers with Data Tracking
- Smart Drug Delivery Systems
- Wearable Injectors
- Implantable Drug Delivery Devices
- Diagnostics and Monitoring Devices
- Global Smart Medical Devices Distribution Outlook (Revenue, USD Million, 2018-2030)
- Pharmacies
- Online Channel
- Direct-to-Consumer (DTC)
- Others (Hypermarkets, Specialty Retailers)
- Global Smart Medical Devices End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Clinics
- Home Care
- Others (Sports, Fitness Centers, Assisted Living)
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Target buyers of Global smart medical devices market databook
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Our clientele includes a mix of smart medical devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global smart medical devices market , including forecasts for subscribers. This global databook contains high-level insights into Global smart medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart medical devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart medical devices market size, 2024 (US$M)
Global smart medical devices market share, by product type, 2024 & 2030 (%, US$M)
Smart medical devices market: Opportunity assessment by country
Global smart medical devices market, by region, 2024 (US$M)
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