UK Smart Medical Devices Market Size & Outlook, 2024-2030
UK smart medical devices market, 2018-2030 (US$M)
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UK smart medical devices market highlights
- The UK smart medical devices market generated a revenue of USD 4,745.4 million in 2024 and is expected to reach USD 10,567.5 million by 2030.
- The UK market is expected to grow at a CAGR of 14.4% 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.
Smart medical devices market data book summary
| Market revenue in 2024 | USD 4,745.4 million |
| Market revenue in 2030 | USD 10,567.5 million |
| Growth rate | 14.4% (CAGR from 2025 to 2030) |
| Largest segment | Therapeutic devices |
| Fastest growing segment | Therapeutic Devices |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, UK accounted for 5.2% of the global smart medical devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany smart medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe 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 |
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UK 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 97.75% in 2024. Horizon Databook has segmented the UK smart medical devices market based on diagnostics and monitoring devices, therapeutic devices covering the revenue growth of each sub-segment from 2018 to 2030.
In the UK, the Medicines and Healthcare Applications Regulatory Agency (MHRA) regulates medical devices. Since January 2021, several changes have been introduced; however, CE Mark, along with certificates issued by a notified body of the EU, will continue to be recognized in the UK till June 30, 2023.
From July 1, 2023, manufacturers will need a UKCA mark to market their applications in the UK. Manufacturers need to follow the conformity assessment route to check whether the application meets the standards established by UK MDR 2002.
The UK MDR ensures that device manufacturers comply with all regulations and issues a UKCA certificate. A manufacturer can market its application once it receives UKCA certification.
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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 country-level data and insights on the UK smart medical devices market , including forecasts for subscribers. This country databook contains high-level insights into UK smart medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK smart medical devices market size, by product type, 2018-2030 (US$M)
UK Smart Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
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