North America Smart Medical Devices Market Size & Outlook
North America smart medical devices market, 2018-2030 (US$M)
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North America smart medical devices market highlights
- The North America smart medical devices market generated a revenue of USD 32,540.6 million in 2024.
- The market is expected to grow at a CAGR of 13% 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, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 32,540.6 million |
| Market revenue in 2030 | USD 67,482.5 million |
| Growth rate | 13% (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, North America region accounted for 35.9% 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.
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Smart Medical Devices Market Scope
Smart Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 95.47% in 2024. Horizon Databook has segmented the North America smart medical devices market based on diagnostics and monitoring devices, therapeutic devices covering the revenue growth of each sub-segment from 2018 to 2030.
North America smart medical devices market is witnessing robust growth driven by several critical factors. These factors include government initiatives to design and implement smart medical devices, such as wearable devices, supportive regulatory bodies enabling the entry of new technologies, and strategic initiatives undertaken by market players.
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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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America smart medical devices market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America smart medical devices market size, by country, 2018-2030 (US$M)
North America Smart Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
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