Press Releases

Global smart medical devices are expected to grow at a CAGR of 16% during the forecast period. Electronic devices that are portable, including a processing system, memory to store data, sensors to diagnose and monitor activities, and the ability to transmit data are known as smart medical devices. Smart medical devices aid doctors in monitoring numerous chronic conditions like diabetes, COPD, hypertension, etc. as well as detecting various ailments from body vital signals. The increased market demand for smartphone-compatible and wireless medical devices, surging awareness and emphasis on health and fitness, rising number of people suffering from chronic diseases, increased expenditure on healthcare, and mounting demand for wearable devices, thus propelling the market development of the global smart medical devices industry. Moreover, increased internet use for smart medical devices in the healthcare industry along with adoption in data management, snowballing responsiveness and demand of real-time data of the patient, and mounting market demand of home-care therapeutic and diagnostic settings globally will bolster the market development of the smart medical devices industry.

The COVID-19 pandemic has led to increased adoption of digital health and telemedicine solutions, thereby proliferating market development of the smart medical devices industry.

The role of the IoT and artificial intelligence in smart medical devices has created appealing features that can alert patients about their symptoms and provide personalized and precise medication.

In June 2022, OMRON VENTURES CO., LTD. is pleased to announce an investment in Visby Medical, Inc., a company that develops and sells the world's first disposable portable PCR testing devices.

Bowse 63 market data Tables and 40 Figures spread through 225 Pages and in-depth TOC on " Smart Medical Devices Market by Product Type (Diagnostics and Monitoring Devices, Therapeutic Devices, and Injury Prevention and Rehabilitation Devices, and Others), by Modality (Wearables and Non-Wearables), by End-User (Hospitals, Clinics, Home Care, Sports Club, and Others), by Distribution Channel (Pharmacies, Online Channels, and Others), and Region - Global Forecast to 2030

By Modality, the wearables segment is anticipated to have the fastest growth during the forecast period.

Based on Modality, the Global Smart Medical Devices Market is bifurcated into Wearables and Noon-Wearables. Because these devices are simple to use and don't require a lot of specialized knowledge to understand the results, demand for wearable medical devices has surged significantly. Examples include sensors, ECG devices, and smartwatches with fitness trackers. As a result, the user can monitor their vital signs to maintain track of their health status without having to visit clinics or hospitals. The older population is predicted to embrace wearable medical gadgets as it is convenient to use.

Global Smart Medical Devices Market Segmentation and Key Players

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“Asia-Pacific is anticipated to grow at a faster pace in the Smart Medical Device Market during the forecast period.”

Asia-Pacific is anticipated to grow at a faster pace during the forecast period owing to a surge in investment and support from the government. Furthermore, growth in the prevalence of chronic and lifestyle diseases due to an unhealthy lifestyle will propel market growth in the region. Additionally, it is projected that during the forecast period, the region's market would be driven by a significant proportion of aged persons, rising health awareness, and rising disposable income.

Some of the major players in the global Smart Medical Devices industry include Fitbit, Medtronic, F. Hoffmann-La Roche Ltd, Abbott, OMRON Corporation, Sonova, NeuroMetrix, Inc., Johnson & Johnson Services, Inc., SAMSUNG, and Boston Scientific Corporation.

Global Smart Medical Devices Market Coverage

Product Type Insight and Forecast 2025-2030

• Diagnostics and Monitoring Devices
  • Heart Rate Monitors
  • Blood Glucose Monitors
  • EEG/ECG Monitors
  • Pulse Oximeters
  • Cardiac Event Monitors
  • Blood Pressure Monitors
  • Breathalyzers
  • Medical Tricorders
  • Fetal Monitors
  • Blood Analyte Analyzers
  • Others
• Therapeutic Devices
  • Portable Oxygen Concentrators & Ventilators
  • Neuro-Stimulators
  • Insulin Pumps
  • Hearing Aids
  • Others
• Injury Prevention and Rehabilitation Devices
  • Body Motion Devices
  • Fall Detection Devices
  • Others
• Others

Modality Insight and Forecast 2025-2030

• Wearables
• Non-Wearables

End-User Insight and Forecast 2025-2030

• Hospitals
• Clinics
• Home Care
• Sports Club
• Others

Distribution Channel Insight and Forecast 2025-2030

• Pharmacies
• Online Channels
• Others

Geographical Segmentation

Smart Medical Devices Market by Region

North America

• By Product Type
• By Modality
• By End-User
• By Distribution Channel
• By Country – U.S., Canada, and Mexico

Europe

• By Product Type
• By Modality
• By End-User
• By Distribution Channel
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Product Type
• By Modality
• By End-User
• By Distribution Channel
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Product Type
• By Modality
• By End-User
• By Distribution Channel
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries