- Diagnostic Devices
- Monitoring Devices
- Therapeutic Devices
- Rehabilitation Devices
- Others
Smart Medical Devices Market size was expected to reach USD 23.06 billion by 2029 at a CAGR of 22.6% from 2023-2029. Smart medical devices are being utilized as vital devices by doctors to distinguish different sicknesses by checking crucial signs. Chronic illnesses, for example, hypertension and diabetes have in this way got a new point of view from both the therapeutic business and the patients. From a more extensive point of view, these gadgets have radically diminished the workload for social insurance suppliers by nearly checking persistent well-being and making brisk moves if there should arise an occurrence of any real change in the readings. The business players are engaged with different systems, for example, mergers and acquisitions and new item dispatch. For Instance, Medtronic gained Covidien Plc in January 2015. Through this securing, the organization is relied upon to bring down generation costs and extend its item portfolio to expand market penetration. Similarly, in April 2018, Teradata presented the initial 4D examination that can be utilized as a part of wearable and individual restorative gadgets to interpret the three-dimensional geospatial area information with time as the fourth measurement.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
One of the key factors adding to the development of the overall smart medical devices market is the mounting elderly populace, who are inclined to an expansive scope of illnesses, expanding their dependence on brilliant restorative gadgets for efficient malady administration. Moreover, the ascent in acknowledgment of cell phones around the world, expanding use of remote and cell phone for medicinal gadgets, developing focus on wellness and wellbeing, and rising charge for home social insurance is anticipated to drive market development. In addition, the mounting innovative progressions are additionally foreseen to goad the development of the smart medical devices market. Restrictive costs relating to the innovative progressions combined with constrained repayment strategies can obstruct the smart medicinal devices market development over the estimate time frame.
The smart medical devices market is projected to expand at a CAGR of 22.6% during the forecast period
Philips, Fitbit, Monica Healthcare, Garmin, LifeWatch, Omron
North America is the fastest-growing region in the smart medical devices market
1.Executive Summary |
2.Global Smart Medical Devices Market Introduction |
2.1.Global Smart Medical Devices Market - Taxonomy |
2.2.Global Smart Medical Devices Market - Definitions |
2.2.1.Product |
2.2.2.Type |
2.2.3.End User |
2.2.4.Region |
3.Global Smart Medical Devices Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Smart Medical Devices Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Smart Medical Devices Market By Product, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
5.1. Diagnostic Devices |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Monitoring Devices |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Therapeutic Devices |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Rehabilitation Devices |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Smart Medical Devices Market By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
6.1. Portable |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Wearable |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7.Global Smart Medical Devices Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Diagnostic Centers |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Ambulatory Surgical Centers |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Homecare |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Smart Medical Devices Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Smart Medical Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
9.1. Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Diagnostic Devices |
9.1.2.Monitoring Devices |
9.1.3.Therapeutic Devices |
9.1.4.Rehabilitation Devices |
9.1.5.Others |
9.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Portable |
9.2.2.Wearable |
9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals |
9.3.2.Diagnostic Centers |
9.3.3.Ambulatory Surgical Centers |
9.3.4.Homecare |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Smart Medical Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Diagnostic Devices |
10.1.2.Monitoring Devices |
10.1.3.Therapeutic Devices |
10.1.4.Rehabilitation Devices |
10.1.5.Others |
10.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Portable |
10.2.2.Wearable |
10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals |
10.3.2.Diagnostic Centers |
10.3.3.Ambulatory Surgical Centers |
10.3.4.Homecare |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11.Asia Pacific (APAC) Smart Medical Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Diagnostic Devices |
11.1.2.Monitoring Devices |
11.1.3.Therapeutic Devices |
11.1.4.Rehabilitation Devices |
11.1.5.Others |
11.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Portable |
11.2.2.Wearable |
11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals |
11.3.2.Diagnostic Centers |
11.3.3.Ambulatory Surgical Centers |
11.3.4.Homecare |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Smart Medical Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Diagnostic Devices |
12.1.2.Monitoring Devices |
12.1.3.Therapeutic Devices |
12.1.4.Rehabilitation Devices |
12.1.5.Others |
12.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Portable |
12.2.2.Wearable |
12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals |
12.3.2.Diagnostic Centers |
12.3.3.Ambulatory Surgical Centers |
12.3.4.Homecare |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Smart Medical Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Diagnostic Devices |
13.1.2.Monitoring Devices |
13.1.3.Therapeutic Devices |
13.1.4.Rehabilitation Devices |
13.1.5.Others |
13.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Portable |
13.2.2.Wearable |
13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals |
13.3.2.Diagnostic Centers |
13.3.3.Ambulatory Surgical Centers |
13.3.4.Homecare |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Philips (Netherlands) |
14.2.2.Fitbit (US) |
14.2.3.Monica Healthcare (UK) |
14.2.4.Garmin (Switzerland) |
14.2.5.LifeWatch (Switzerland) |
14.2.6.Omron (Japan) |
14.2.7.Jawbone (US) |
14.2.9.Polar (Finland) |
14.2.10.VitalConnect (US) |
14.2.11.Activeinsights (UK) |
14.2.12.Misfit (US) |
15. Research Methodology |
16. Appendix and Abbreviations |