Report Highlights
The global market for smart medical devices is projected to grow from $87.7 billion in 2025 to reach $193.3 billion by the end of 2030, at a compound annual growth rate (CAGR) of 17.1% from 2025 through 2030.
Report Includes
- 103 data tables and 52 additional tables
- A review of the global market for smart medical devices
- Analyses of the global market trends, with sales data for 2022-2024, estimates for 2025, and projections of compound annual growth rates (CAGRs) through 2030
- Evaluation and forecast of the market for smart medical devices, and a corresponding market share analysis by product type, application, end user and region
- A look at emerging technological trends, and the opportunities and gaps in current and future demand for smart medical devices
- Coverage of the technological issues related to smart medical devices
- Identification of the companies best positioned to meet the demand for smart medical devices due to their proprietary technologies, new products, and strategic alliances
- Discussion of the industry value chain, the demand-supply gap, and factors driving the growth of the market
- A patent analysis with emphasis on emerging technologies and new developments in patent activity
- A discussion of ESG challenges and practices of the industry
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other market strategies
- Profiles of the leading companies, including Medtronic, Abbott, Boston Scientific Corp., F. Hoffmann-La Roche Ltd., and Koninklijke Philips N.V.
Report Scope
This report analyzes the global smart medical devices market and segments the market by product type, application and end user. The report also provides insights into key emerging trends and potential growth drivers. The study focuses on product types, including implantable, wearable and non-wearable medical devices, assessing their adoption across diverse applications that include cardiovascular, diabetes, neurology and sleep disorders.
The report provides a comprehensive regional analysis covering North America, Europe, the Asia-Pacific region, South America, and the Middle East and Africa. It evaluates the market dynamics, including drivers, challenges and emerging trends, while highlighting product and performance enhancement innovations. The study concludes with an analysis of major market players and their offerings.
The report includes global revenue ($ millions) for the base year of 2024, estimates for 2025 and projections of compound annual growth rates (CAGRs) from 2025 through 2030.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||||||||
| Forecast period considered | 2025-2030 | ||||||||||||||||
| Base year market size | $75.9 Billion | ||||||||||||||||
| Market size forecast | $193.3 Billion | ||||||||||||||||
| Growth rate | CAGR of 17.1% from 2025 to 2030 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Product Type, Application, End User, and Region | ||||||||||||||||
| Regions covered | North America, Europe, the Asia-Pacific region, South America, and the Middle East and Africa (MEA) | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Japan, China, India, Rest of Asia-Pacific, the U.K., Germany, France, Italy, Spain, Rest of Europe, Brazil, Argentina, Rest of South America, The Middle East, and Africa | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Mariana Kuznietsova, a Life Science Consultant at BCC Research, has 8 years of experience in both academic and industry research developing biochemical and biotechnological applications and laboratory services. She also has a strong background in laboratory equipment trading services covering technical support, complex lab solutions to meet demands of laboratories from a range of areas, such as Academia, Agriculture, Pharma, and Food and Beverage. Mariana holds a Ph.D. in Biochemistry from the Taras Shevchenko National University of Kyiv, Ukraine.
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Report Highlights
The global market for smart medical devices reached $56.4 billion in 2021 and should reach more than $122.8 billion in 2026, with a compound annual growth rate (CAGR) of 16.8% during the forecast period of 2021-2026.
Report Includes
- 14 data tables and 14 additional tables
- An updated overview of the global market for smart medical devices within the industry
- Analyses of the global market trends, with historic market revenue (sales data) for 2019-2021, and projections of compound annual growth rates (CAGRs) through 2026
- Highlights of the current and future market potential for smart medical devices, and areas of focus to forecast this market into various segments and sub-segments
- Evaluation and forecast the global market size for smart medical devices, projected growth trends, and corresponding market share analysis by product type, application, and geographic region
- Technology assessment of the key drivers, restraints and opportunities that will shape the market over the next five years (2021 to 2026)
- Analysis of market opportunities with detailed Porter’s five forces analysis for the smart medical devices market
- In-depth information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Company profiles of major players within the industry, including Abbott, Boston Scientific Corp., F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Medtronic and Novo Nordisk
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