Global Smart Medical Devices Market Size & Outlook
Global smart medical devices market, 2018-2030 (US$M)
Related Markets
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 |
|---|---|---|---|---|
| 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 |
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
- Pulse Oximeters
- Medical Tricorders
- Smart Thermometers
- Smart Clothing
- Fitness Monitoring
- Embedded Health Sensors
- Wearable ECG Monitors
- Chest Straps
- Patches
- Blood Glucose Monitors
- Smart Contact Lenses
- Glucose Monitoring
- Intraocular Pressure Monitoring
- Breath Analyzers
- Heart Rate Monitors
- Blood Pressure Monitors
- Therapeutic Devices
- Neurostimulation Devices
- Transcranial Magnetic Stimulations
- Spinal Cord Stimulation
- Deep Brain Stimulation
- Insulin Pumps
- Hearing Aids
- Smart Drug Delivery Systems
- Wearable Injectors
- Implantable Drug Delivery Devices
- Portable Oxygen Concentrators & Ventilators
- Smart Inhalers
- Asthma & COPD Management
- Connected Inhalers with Data Tracking
- Neurostimulation Devices
- Diagnostics and Monitoring Devices
- Global Smart Medical Devices Distribution Outlook (Revenue, USD Million, 2018-2030)
- Direct-to-Consumer (DTC)
- Pharmacies
- Others (Hypermarkets, Specialty Retailers)
- Online Channel
- Global Smart Medical Devices End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Home Care
- Clinics
- 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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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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