Europe Smart Medical Devices Market Size & Outlook
Related Markets
Europe smart medical devices market highlights
- The Europe smart medical devices market generated a revenue of USD 25,949.3 million in 2024.
- The market is expected to grow at a CAGR of 13.4% from 2025 to 2030.
- In terms of segment, therapeutic devices was the largest revenue generating product type in 2024.
- Therapeutic Devices is the most lucrative product type segment registering the fastest growth during the forecast period.
- Country-wise, Sweden is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 25,949.3 million |
| Market revenue in 2030 | USD 54,556.0 million |
| Growth rate | 13.4% (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 |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Roche Holding AG, DexCom Inc, Masimo Corp, Draegerwerk AG & Co KGaA, SmartCardia, Microlife Corp, Beurer, Adherium Ltd, Ascensia Diabetes Care, LifeScan, AgaMatrix, Arkray, i-SENS Inc, ACON Laboratories, Nipro Corp, Garmin Ltd, Fourth Frontier, Nonin Medical, Sensoria, Sonova Holding AG, WS Audiology, Demant A/S |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.7% of the global smart medical devices market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 54,556.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Medical Devices Market Scope
Smart Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fourth Frontier | View profile | 1-10 | Austin, Texas, United States, North America | https://fourthfrontier.com/ |
| i-SENS Inc | View profile | 501-1000 | Seocho, Seoul-t'ukpyolsi, South Korea, Asia | http://www.i-sens.co.kr |
| AgaMatrix | View profile | 251-500 | Salem, New Hampshire, United States, North America | http://agamatrix.com |
| SmartCardia | View profile | 11-50 | Lausanne, Vaud, Switzerland, Europe | http://www.smartcardia.com/ |
| LifeScan | View profile | 1001-5000 | Malvern, Pennsylvania, United States, North America | https://www.lifescan.com/ |
| Ascensia Diabetes Care | View profile | 1001-5000 | Basel, Basel-Stadt, Switzerland, Europe | http://www.ascensia.com/ |
| WS Audiology | View profile | 10001+ | Lynge, Hovedstaden, Denmark, Europe | https://www.wsa.com/ |
| Microlife Corp | View profile | 51-100 | Neihu, T'ai-wan, Taiwan, Asia | http://www.microlife.com/home/ |
| ACON Laboratories | View profile | 1001-5000 | San Diego, California, United States, North America | http://aconlabs.com |
| Adherium Ltd | View profile | - | 333 Collins Street, Level 14, Melbourne, VIC, Australia, 3000 | https://www.adherium.com |
| Sensoria | View profile | 1-10 | Princeton Junction, New Jersey, United States, North America | http://www.sensoria.com/ |
| Nonin Medical | View profile | 251-500 | Plymouth, Minnesota, United States, North America | http://www.nonin.com/ |
| DexCom Inc | View profile | 9600 | 6340 Sequence Drive, San Diego, CA, United States, 92121 | https://www.dexcom.com |
| Arkray | View profile | 5001-10000 | Kyoto-shi, Kyoto, Japan, Asia | https://www.arkray.co.jp/japanese/index.html |
| Masimo Corp | View profile | 3796 | 52 Discovery, Irvine, CA, United States, 92618 | https://www.masimo.com |
| Beurer | View profile | 501-1000 | Ulm, Baden-Wurttemberg, Germany, Europe | https://www.beurer.com/web/us/ |
| Nipro Corp | View profile | 39713 | 3-9-3 Honjo-Nishi Kita-ku, Osaka, Japan, 531-8510 | http://www.nipro.co.jp |
| Draegerwerk AG & Co KGaA | View profile | 16476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | https://www.draeger.com |
| Demant A/S | View profile | 21623 | Kongebakken 9, Smorum, Denmark, 2765 | https://www.demant.com |
| Sonova Holding AG | View profile | 18151 | Laubisrutistrasse 28, Stafa, Switzerland, CH-8712 | https://www.sonova.com |
| Garmin Ltd | View profile | 19900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | https://www.garmin.com |
| Roche Holding AG | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Europe 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 95.12% in 2024. Horizon Databook has segmented the Europe smart medical devices market based on diagnostics and monitoring devices, therapeutic devices covering the revenue growth of each sub-segment from 2018 to 2030.
Several factors contribute to the growth of the smart medical devices market in Europe. The EU is undertaking several initiatives to integrate digital technology with medical devices. It is set to implement a harmonized Health Technology Assessment Regulation (HTAR) in 2025.
But it currently excludes digital health technologies. The EDiHTA Project aims to establish a framework for assessing digital health technologies by 2028, addressing the lack of standardized guidance. This initiative seeks to clarify evaluation processes, allowing tech providers to meet regulatory requirements consistently across member states.
Reasons to subscribe to Europe smart medical devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe smart medical devices market databook
-
Our clientele includes a mix of smart medical devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 continent-level data and insights on the Europe smart medical devices market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe smart medical devices market size, by country, 2018-2030 (US$M)
Europe Smart Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
