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Smart Medical Devices: Global Markets- Product Image
Smart Medical Devices: Global Markets- Product Image
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Smart Medical Devices: Global Markets

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    Report

  • 179 Pages
  • July 2025
  • Region: Global
  • BCC Research
  • ID: 5603881
Description Jump to:
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.

Smart medical devices are designed as Internet of Things (IoT) healthcare solutions, embedded with sensors to gather, analyze and transmit patients’ information. These devices use Bluetooth, Wi-Fi and connectivity solutions to quickly forward information to patients and doctors. Including advanced sensors and connectivity enhances remote monitoring and continuous health tracking, improving patient outcomes and clinical decision making. The global smart medical devices market was valued at $75.9 billion in 2024 and is expected to reach $193.3 billion by the end of 2030. The market is expected to grow at a compound annual growth rate (CAGR) of 17.1% during the forecast period.

Smart healthcare dates back to the 20th century, beginning with the implantable pacemaker introduced in 1958 for arrhythmia patients. Smart medical devices include biomedical monitoring systems that support continuous measurement of critical biomarkers for diagnostics, physiological health tracking and disease management. These devices have become even more sophisticated and efficient through advances in electronics, biocompatible materials and nanotechnology. Integrating small sensors into biomedical devices without disruption is now possible, improving diagnostic and prognostic capabilities.

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.

The 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.

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Market Dynamics, Growth Factors and Challenges
  • Emerging Technologies
  • Segmental Analysis
  • Regional Analysis
  • Conclusion
Chapter 2 Market Overview
  • Overview and Market Definition
  • Future Outlook
  • Macroeconomic Factors Analysis
  • Impact of the U.S. Tariffs on the Global Smart Medical Devices Market
  • Porter's Five Forces Analysis
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Potential for New Entrants to the Market
  • Threat of Substitutes
  • Industry Competitiveness
  • Value Chain Analysis
  • Research and Development
  • Component Sourcing and Design
  • Manufacturing and Assembly
  • Regulatory and Quality Compliance
  • Distribution and Logistics
  • Marketing and Sales
  • After-Sales Support and Services
  • Supply Chain Disruptions
Chapter 3 Market Dynamics
  • Market Dynamics
  • Market Drivers
  • Improved Wireless Communication and Digital Health Technologies
  • Development of Internet of Things Technologies in Healthcare
  • Increasing Prevalence of Chronic Diseases and a Growing Aging Population
  • Market Restraints
  • Limitations Associated with Smart Medical Devices
  • Data Privacy Concerns
  • Stringent Government Regulations
  • Market Opportunities
  • Expansion in Emerging Markets
  • Preference for Personalized and Preventive Healthcare Options
Chapter 4 Regulatory Landscape
  • Regulatory Framework
  • U.S.
  • European Union
  • Japan
Chapter 5 Emerging Technologies and Developments
  • Overview
  • Emerging Technologies
  • Artificial Intelligence and Machine Learning
  • Nanotechnology-based Devices
  • Internet of Medical Things
  • Pipeline Analysis
  • Patent Analysis
  • Patents by Year
  • Patents by Top Jurisdiction
  • Patents by Top Inventor
  • Key Takeaways
Chapter 6 Market Segmentation Analysis
  • Segmentation Breakdown
  • Global Smart Medical Devices Market, by Product Type
  • Key Takeaways
  • Implantable Medical Devices
  • Wearable Smart Medical Devices
  • Non-Wearable Smart Medical Devices
  • Global Smart Medical Devices Market, by Application
  • Key Takeaways
  • Cardiovascular
  • Diabetes
  • Neurology
  • Sleep Disorders
  • Others
  • Global Smart Medical Devices Market, by End-user
  • Key Takeaways
  • Hospitals and Clinics
  • Home Healthcare Settings
  • Others
  • Geographic Breakdown
  • Global Smart Medical Devices Market, by Region
  • Key Takeaways
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • South America
Chapter 7 Competitive Intelligence
  • Key Takeaways
  • Global Market Share of Leading Companies
  • Key Strategies for Smart Medical Devices Manufacturers
  • Distribution Networks
Chapter 8 Sustainability in Smart Medical Devices Market: ESG Perspective
  • Introduction to ESG in the Smart Medical Devices Industry
  • ESG Risk Ratings Analysis
  • Concluding Remarks
Chapter 9 Appendix
  • Methodology
  • Sources
  • Abbreviations
  • Company Profiles
  • Abbott
  • Biotronik
  • Boston Scientific Corp.
  • Connectedhealth
  • Debiotech SA
  • Dexcom Inc.
  • F. Hoffmann-La Roche Ltd.
  • Health Care Originals
  • Insulet Corp.
  • Koninklijke Philips N.V.
  • Livanova PLC
  • Medtronic
  • Novo Nordisk A/S
  • Omron Corp.
  • Ypsomed
  • Emerging Start-Ups/Market Disruptors
List of Tables
Summary Table: Global Market for Smart Medical Devices, by Region, Through 2030
Table 1: Global Diabetes Population, 2021-2045
Table 2: Global Share of Elderly Population, by Top 15 Regions, 2022 and 2023
Table 3: Notified Bodies, by Country
Table 4: List of Selected Pipeline Smart Medical Devices, 2024-April, 2025
Table 5: Patents Granted for Smart Medical Devices, by Top Inventor, 2022-March 2025
Table 6: Global Market for Smart Medical Devices, by Product Type, Through 2030
Table 7: Global Market for Implantable Smart Medical Devices, by Region, Through 2030
Table 8: Global Market for Wearable Smart Medical Devices, by Region, Through 2030
Table 9: Global Market for Non-Wearable Smart Medical Devices, by Region,Through 2030
Table 10: Global Market for Smart Medical Devices, by Application, Through 2030
Table 11: Global Market for Smart Medical Devices for Cardiovascular Applications, by Region, Through 2030
Table 12: Global Market for Smart Medical Devices for Diabetes, by Region, Through 2030
Table 13: Global Market for Smart Medical Devices for Neurology, by Region, Through 2030
Table 14: Global Market for Smart Medical Devices for Sleep Disorders, by Region, Through 2030
Table 15: Global Market for Smart Medical Devices for Other Diseases, by Region, Through 2030
Table 16: Global Market for Smart Medical Devices, by End User, Through 2030
Table 17: Global Market for Smart Medical Devices for Hospitals and Clinics, by Region, Through 2030
Table 18: Global Market for Smart Medical Devices in Home Healthcare Settings, by Region, Through 2030
Table 19: Global Market for Smart Medical Devices for Other End Users, by Region, Through 2030
Table 20: Global Market for Smart Medical Devices, by Region, Through 2030
Table 21: North American Market for Smart Medical Devices, by Product Type, Through 2030
Table 22: North American Market for Smart Medical Devices, by Application, Through 2030
Table 23: North American Market for Smart Medical Devices, by End User, Through 2030
Table 24: North American Market for Smart Medical Devices, by Country, Through 2030
Table 25: U.S. Market for Smart Medical Devices, by Product Type, Through 2030
Table 26: U.S. Market for Smart Medical Devices, by Application, Through 2030
Table 27: U.S. Market for Smart Medical Devices, by End User, Through 2030
Table 28: Canadian Market for Smart Medical Devices, by Product Type, Through 2030
Table 29: Canadian Market for Smart Medical Devices, by Application, Through 2030
Table 30: Canadian Market for Smart Medical Devices, by End User, Through 2030
Table 31: Mexican Market for Smart Medical Devices, by Product Type, Through 2030
Table 32: Mexican Market for Smart Medical Devices, by Application, Through 2030
Table 33: Mexican Market for Smart Medical Devices, by End User, Through 2030
Table 34: European Market for Smart Medical Devices, by Product Type, Through 2030
Table 35: European Market for Smart Medical Devices, by Application, Through 2030
Table 36: European Market for Smart Medical Devices, by End User, Through 2030
Table 37: European Market for Smart Medical Devices, by Country, Through 2030
Table 38: German Market for Smart Medical Devices, by Product Type, Through 2030
Table 39: German Market for Smart Medical Devices, by Application, Through 2030
Table 40: German Market for Smart Medical Devices, by End User, Through 2030
Table 41: U.K. Market for Smart Medical Devices, by Product Type, Through 2030
Table 42: U.K. Market for Smart Medical Devices, by Application, Through 2030
Table 43: U.K. Market for Smart Medical Devices, by End User, Through 2030
Table 44: French Market for Smart Medical Devices, by Product Type, Through 2030
Table 45: French Market for Smart Medical Devices, by Application, Through 2030
Table 46: French Market for Smart Medical Devices, by End User, Through 2030
Table 47: Italian Market for Smart Medical Devices, by Product Type, Through 2030
Table 48: Italian Market for Smart Medical Devices, by Application, Through 2030
Table 49: Italian Market for Smart Medical Devices, by End User, Through 2030
Table 50: Spanish Market for Smart Medical Devices, by Product Type, Through 2030
Table 51: Spanish Market for Smart Medical Devices, by Application, Through 2030
Table 52: Spanish Market for Smart Medical Devices, by End User, Through 2030
Table 53: Rest of Europe Market for Smart Medical Devices, by Product Type, Through 2030
Table 54: Rest of Europe Market for Smart Medical Devices, by Application, Through 2030
Table 55: Rest of Europe Market for Smart Medical Devices, by End User, Through 2030
Table 56: Asia-Pacific Market for Smart Medical Devices, by Product Type, Through 2030
Table 57: Asia-Pacific Market for Smart Medical Devices, by Application, Through 2030
Table 58: Asia-Pacific Market for Smart Medical Devices, by End User, Through 2030
Table 59: Asia-Pacific Market for Smart Medical Devices, by Country, Through 2030
Table 60: Chinese Market for Smart Medical Devices, by Product Type, Through 2030
Table 61: Chinese Market for Smart Medical Devices, by Application, Through 2030
Table 62: Chinese Market for Smart Medical Devices, by End User, Through 2030
Table 63: Japanese Market for Smart Medical Devices, by Product Type, Through 2030
Table 64: Japanese Market for Smart Medical Devices, by Application, Through 2030
Table 65: Japanese Market for Smart Medical Devices, by End User, Through 2030
Table 66: Indian Market for Smart Medical Devices, by Product Type, Through 2030
Table 67: Indian Market for Smart Medical Devices, by Application, Through 2030
Table 68: Indian Market for Smart Medical Devices, by End User, Through 2030
Table 69: Rest of Asia-Pacific Market for Smart Medical Devices, by Product Type, Through 2030
Table 70: Rest of Asia-Pacific Market for Smart Medical Devices, by Application, Through 2030
Table 71: Rest of Asia-Pacific Market for Smart Medical Devices, by End User, Through 2030
Table 72: MEA Market for Smart Medical Devices, by Product Type, Through 2030
Table 73: MEA Market for Smart Medical Devices, by Application, Through 2030
Table 74: MEA Market for Smart Medical Devices, by End User, Through 2030
Table 75: MEA for Smart Medical Devices, by Country, Through 2030
Table 76: Middle East Market for Smart Medical Devices, by Product Type, Through 2030
Table 77: Middle East Market for Smart Medical Devices, by Application, Through 2030
Table 78: Middle East Market for Smart Medical Devices, by End User, Through 2030
Table 79: African Market for Smart Medical Devices, by Product Type, Through 2030
Table 80: African Market for Smart Medical Devices, by Application, Through 2030
Table 81: African Market for Smart Medical Devices, by End User, Through 2030
Table 82: South American Market for Smart Medical Devices, by Product Type, Through 2030
Table 83: South American Market for Smart Medical Devices, by Application, Through 2030
Table 84: South American Market for Smart Medical Devices, by End User, Through 2030
Table 85: South American for Smart Medical Devices, by Country, Through 2030
Table 86: Brazilian Market for Smart Medical Devices, by Product Type, Through 2030
Table 87: Brazilian Market for Smart Medical Devices, by Application, Through 2030
Table 88: Brazilian Market for Smart Medical Devices, by End User, Through 2030
Table 89: Argentine Market for Smart Medical Devices, by Product Type, Through 2030
Table 90: Argentine Market for Smart Medical Devices, by Application, Through 2030
Table 91: Argentine Market for Smart Medical Devices, by End User, Through 2030
Table 92: Rest of South American Market for Smart Medical Devices, by Product Type, Through 2030
Table 93: Rest of South American Market for Smart Medical Devices, by Application, Through 2030
Table 94: Rest of South American Market for Smart Medical Devices, by End User, Through 2030
Table 95: ESG Rankings for Major Smart Medical Devices Companies, Through March 2025
Table 96: Information Sources for This Report
Table 97: Abbreviations Used in the Global Smart Medical Devices Market
Table 98: Abbott: Company Snapshot
Table 99: Abbott: Financial Performance, FY 2023 and 2024
Table 100: Abbott: Product Portfolio
Table 101: Abbott: News/Key Developments, 2022-2025
Table 102: Biotronik: Company Snapshot
Table 103: Biotronik: Product Portfolio
Table 104: Biotronik: News/Key Developments, 2022-2024
Table 105: Boston Scientific Corp.: Company Snapshot
Table 106: Boston Scientific Corp.: Financial Performance, FY 2023 and 2024
Table 107: Boston Scientific Corp.: Product Portfolio
Table 108: Boston Scientific Corp.: News/Key Developments, 2022-2025
Table 109: ConnectedHealth: Company Snapshot
Table 110: ConnectedHealth: Product Portfolio
Table 111: ConnectedHealth: News/Key Developments, 2022
Table 112: Debiotech SA: Company Snapshot
Table 113: Debiotech SA: Product Portfolio
Table 114: Debiotech SA: News/Key Developments, 2022-2025
Table 115: Dexcom Inc.: Company Snapshot
Table 116: Dexcom Inc.: Financial Performance, FY 2023 and 2024
Table 117: Dexcom Inc.: Product Portfolio
Table 118: Dexcom Inc.: News/Key Developments, 2024 and 2025
Table 119: F. Hoffmann-La Roche Ltd.: Company Snapshot
Table 120: F. Hoffmann-La Roche Ltd.: Financial Performance, FY 2023 and 2024
Table 121: F. Hoffmann-La Roche Ltd.: Product Portfolio
Table 122: F. Hoffmann-La Roche Ltd.: News/Key Developments, 2022-2024
Table 123: Health Care Originals: Company Snapshot
Table 124: Health Care Originals: Product Portfolio
Table 125: Health Care Originals: News/Key Developments, 2023
Table 126: Insulet Corp.: Company Snapshot
Table 127: Insulet Corp.: Financial Performance, FY 2023 and 2024
Table 128: Insulet Corp.: Product Portfolio
Table 129: Insulet Corp.: News/Key Developments, 2023-2025
Table 130: Koninklijke Philips N.V.: Company Snapshot
Table 131: Koninklijke Philips N.V.: Financial Performance, FY 2023 and 2024
Table 132: Koninklijke Philips N.V: Product Portfolio
Table 133: Koninklijke Philips N.V.: News/Key Developments, 2024 and 2025
Table 134: LivaNova PLC: Company Snapshot
Table 135: LivaNova PLC: Financial Performance, FY 2023 and 2024
Table 136: LivaNova PLC: Product Portfolio
Table 137: LivaNova PLC: News/Key Developments, 2023 and 2024
Table 138: Medtronic: Company Snapshot
Table 139: Medtronic: Financial Performance, FY 2022 and 2023
Table 140: Medtronic: Product Portfolio
Table 141: Medtronic: News/Key Developments, 2023-2025
Table 142: Novo Nordisk A/S: Company Snapshot
Table 143: Novo Nordisk A/S: Financial Performance, FY 2023 and 2024
Table 144: Novo Nordisk A/S: Product Portfolio
Table 145: Novo Nordisk A/S: News/Key Developments, 2023
Table 146: Omron Corp.: Company Snapshot
Table 147: Omron Corp.: Financial Performance, FY 2022 and 2023
Table 148: Omron Corp.: Healthcare Product Portfolio
Table 149: Omron Corp.: News/Key Developments, 2022-2024
Table 150: Ypsomed: Company Snapshot
Table 151: Ypsomed: Financial Performance, FY 2022 and 2023
Table 152: Ypsomed: Product Portfolio
Table 153: Ypsomed: News/Key Developments, 2023-2025
Table 154: List of Few Emerging Startups
List of Figures
Summary Figure: Global Market Shares of Smart Medical Devices, by Region, 2024
Figure 1: Porter’s Five Forces Analysis of the Smart Medical Devices Market
Figure 2: Value Chain of the Smart Medical Devices Industry
Figure 3: Market Dynamics of Smart Medical Devices
Figure 4: Emerging Technologies in Smart Medical Devices
Figure 5: Patents Granted for Smart Medical Devices, by Year, January 2022-March 2025
Figure 6: Patents Granted for Smart Medical Devices, by Top Jurisdiction, 2022-2025
Figure 7: Global Market Shares of Smart Medical Devices, by Product Type, 2024
Figure 8: Global Market Shares of Implantable Smart Medical Devices, by Region, 2024
Figure 9: Global Market Shares of Wearable Smart Medical Devices, by Region, 2024
Figure 10: Global Market Shares of Non-Wearable Smart Medical Devices, by Region, 2024
Figure 11: Global Market Shares of Smart Medical Devices, by Application, 2024
Figure 12: Global Market Shares of Smart Medical Devices for Cardiovascular Applications, by Region, 2024
Figure 13: Global Market Shares of Smart Medical Devices for Diabetes, by Region, 2024
Figure 14: Global Market Shares of Smart Medical Devices for Neurology, by Region, 2024
Figure 15: Global Market Shares of Smart Medical Devices for Sleep Disorders, by Region, 2024
Figure 16: Global Market Shares of Smart Medical Devices for Other Diseases, by Region, 2024
Figure 17: Global Market Shares of Smart Medical Devices, by End User, 2024
Figure 18: Global Market Shares of Smart Medical Devices for Hospitals and Clinics, by Region, 2024
Figure 19: Global Market Shares of Smart Medical Devices in Home Healthcare Settings, by Region, 2024
Figure 20: Global Market Shares of Smart Medical Devices for Others End Users, by Region, 2024
Figure 21: Global Market Shares of Smart Medical Devices, by Region, 2024
Figure 22: North American Market Shares of Smart Medical Devices, by Country, 2024
Figure 23: European Market Shares of Smart Medical Devices, by Country, 2024
Figure 24: Asia-Pacific Market Shares of Smart Medical Devices, by Country, 2024
Figure 25: MEA Market Shares of Smart Medical Devices, by Country, 2024
Figure 26: South American Market Shares of Smart Medical Devices, by Country, 2024
Figure 27: Company Share Analysis of Smart Medical Devices Manufacturers, 2024
Figure 28: Key ESG Metrics for Companies in the Smart Medical Devices Industry
Figure 29: Abbott: Revenue Share, by Business Unit, FY 2024
Figure 30: Abbott: Revenue Share, by Country/Region, FY 2024
Figure 31: Boston Scientific Corp.: Revenue Share, by Business Unit, FY 2024
Figure 32: Boston Scientific Corp.: Revenue Share, by Country/Region, FY 2024
Figure 33: Dexcom Inc.: Revenue Share, by Sales Channel, FY 2024
Figure 34: Dexcom Inc.: Revenue Share, by Country/Region, FY 2024
Figure 35: F. Hoffmann-La Roche Ltd.: Revenue Share, by Business Unit, FY 2024
Figure 36: F. Hoffmann-La Roche Ltd.: Revenue Share, by Country/Region, FY 2024
Figure 37: Insulet Corp.: Revenue Share, by Business Unit, FY 2024
Figure 38: Insulet Corp.: Revenue Share, by Country/Region, FY 2024
Figure 39: Koninklijke Philips N.V.: Revenue Share, by Business Unit, FY 2024
Figure 40: Koninklijke Philips N.V.: Revenue Share, by Country/Region, FY 2023
Figure 41: LivaNova PLC: Revenue Share, by Business Unit, FY 2024
Figure 42: LivaNova PLC: Revenue Share, by Country/Region, FY 2024
Figure 43: Medtronic: Revenue Share, by Business Unit, FY 2023
Figure 44: Medtronic: Revenue Share, by Country/Region, FY 2023
Figure 45: Novo Nordisk A/S: Revenue Share, by Business Unit, FY 2024
Figure 46: Novo Nordisk A/S: Revenue Share, by Country/Region, FY 2024
Figure 47: Omron Corp.: Revenue Share, by Business Unit, FY 2023
Figure 48: Omron Corp.: Revenue Share, by Country/Region, FY 2023
Figure 49: Ypsomed: Revenue Share, by Business Unit, FY 2023
Figure 50: Ypsomed: Revenue Share, by Country/Region, FY 2023

Companies Mentioned

  • Abbott
  • Biotronik
  • Boston Scientific Corp.
  • Connectedhealth
  • Debiotech SA
  • Dexcom Inc.
  • F. Hoffmann-La Roche Ltd.
  • Health Care Originals
  • Insulet Corp.
  • Koninklijke Philips N.V.
  • Livanova PLC
  • Medtronic
  • Novo Nordisk A/S
  • Omron Corp.
  • Ypsomed

Table Information

Report AttributeDetails
No. of Pages179
PublishedJuly 2025
Forecast Period2025 - 2030
Estimated Market Value ( USD ) in 2025 $ 87.7 Billion
Forecasted Market Value ( USD ) by 2030 $ 193.3 Billion
Compound Annual Growth Rate17.1%
Regions CoveredGlobal
No. of Companies Mentioned15

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