Smart Medical Devices Market Size, Share, and Trends 2024 to 2034

The global smart medical devices market size is calculated at USD 59.26 billion in 2025 and is forecasted to reach around USD 168 billion by 2034, accelerating at a CAGR of 12.30% from 2025 to 2034. The North America smart medical devices market size surpassed USD 21.91 billion in 2024 and is expanding at a CAGR of 12.31% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 4083
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Medical Devices Market 

5.1. COVID-19 Landscape: Smart Medical Devices Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Medical Devices Market, By Product

8.1. Smart Medical Devices Market Revenue and Volume Forecast, by Product

8.1.1. Diagnostics and Monitoring

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Therapeutics Devices

8.1.2.1. Market Revenue and Volume Forecast

Chapter 9. Global Smart Medical Devices Market, By End-User

9.1. Smart Medical Devices Market Revenue and Volume Forecast, by End-User

9.1.1. Homecare Settings

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Hospitals

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Others

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Smart Medical Devices Market, By Modality 

10.1. Smart Medical Devices Market Revenue and Volume Forecast, by Modality

10.1.1. Portable

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Wearable

10.1.2.1. Market Revenue and Volume Forecast

Chapter 11. Global Smart Medical Devices Market, By Distribution Channel 

11.1. Smart Medical Devices Market Revenue and Volume Forecast, by Distribution Channel

11.1.1. Pharmacies

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Online Channel

11.1.2.1. Market Revenue and Volume Forecast

Chapter 12. Global Smart Medical Devices Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Product

12.1.2. Market Revenue and Volume Forecast, by End-User

12.1.3. Market Revenue and Volume Forecast, by Modality

12.1.4. Market Revenue and Volume Forecast, by Distribution Channel

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Product

12.1.5.2. Market Revenue and Volume Forecast, by End-User

12.1.5.3. Market Revenue and Volume Forecast, by Modality

12.1.5.4. Market Revenue and Volume Forecast, by Distribution Channel

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Product

12.1.6.2. Market Revenue and Volume Forecast, by End-User

12.1.6.3. Market Revenue and Volume Forecast, by Modality

12.1.6.4. Market Revenue and Volume Forecast, by Distribution Channel

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Product

12.2.2. Market Revenue and Volume Forecast, by End-User

12.2.3. Market Revenue and Volume Forecast, by Modality

12.2.4. Market Revenue and Volume Forecast, by Distribution Channel

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Product

12.2.5.2. Market Revenue and Volume Forecast, by End-User

12.2.5.3. Market Revenue and Volume Forecast, by Modality

12.2.5.4. Market Revenue and Volume Forecast, by Distribution Channel

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Product

12.2.6.2. Market Revenue and Volume Forecast, by End-User

12.2.6.3. Market Revenue and Volume Forecast, by Modality

12.2.6.4. Market Revenue and Volume Forecast, by Distribution Channel

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Product

12.2.7.2. Market Revenue and Volume Forecast, by End-User

12.2.7.3. Market Revenue and Volume Forecast, by Modality

12.2.7.4. Market Revenue and Volume Forecast, by Distribution Channel

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Product

12.2.8.2. Market Revenue and Volume Forecast, by End-User

12.2.8.3. Market Revenue and Volume Forecast, by Modality

12.2.8.4. Market Revenue and Volume Forecast, by Distribution Channel

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Product

12.3.2. Market Revenue and Volume Forecast, by End-User

12.3.3. Market Revenue and Volume Forecast, by Modality

12.3.4. Market Revenue and Volume Forecast, by Distribution Channel

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Product

12.3.5.2. Market Revenue and Volume Forecast, by End-User

12.3.5.3. Market Revenue and Volume Forecast, by Modality

12.3.5.4. Market Revenue and Volume Forecast, by Distribution Channel

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Product

12.3.6.2. Market Revenue and Volume Forecast, by End-User

12.3.6.3. Market Revenue and Volume Forecast, by Modality

12.3.6.4. Market Revenue and Volume Forecast, by Distribution Channel

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Product

12.3.7.2. Market Revenue and Volume Forecast, by End-User

12.3.7.3. Market Revenue and Volume Forecast, by Modality

12.3.7.4. Market Revenue and Volume Forecast, by Distribution Channel

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Product

12.3.8.2. Market Revenue and Volume Forecast, by End-User

12.3.8.3. Market Revenue and Volume Forecast, by Modality

12.3.8.4. Market Revenue and Volume Forecast, by Distribution Channel

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Product

12.4.2. Market Revenue and Volume Forecast, by End-User

12.4.3. Market Revenue and Volume Forecast, by Modality

12.4.4. Market Revenue and Volume Forecast, by Distribution Channel

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Product

12.4.5.2. Market Revenue and Volume Forecast, by End-User

12.4.5.3. Market Revenue and Volume Forecast, by Modality

12.4.5.4. Market Revenue and Volume Forecast, by Distribution Channel

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Product

12.4.6.2. Market Revenue and Volume Forecast, by End-User

12.4.6.3. Market Revenue and Volume Forecast, by Modality

12.4.6.4. Market Revenue and Volume Forecast, by Distribution Channel

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Product

12.4.7.2. Market Revenue and Volume Forecast, by End-User

12.4.7.3. Market Revenue and Volume Forecast, by Modality

12.4.7.4. Market Revenue and Volume Forecast, by Distribution Channel

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Product

12.4.8.2. Market Revenue and Volume Forecast, by End-User

12.4.8.3. Market Revenue and Volume Forecast, by Modality

12.4.8.4. Market Revenue and Volume Forecast, by Distribution Channel

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Product

12.5.2. Market Revenue and Volume Forecast, by End-User

12.5.3. Market Revenue and Volume Forecast, by Modality

12.5.4. Market Revenue and Volume Forecast, by Distribution Channel

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Product

12.5.5.2. Market Revenue and Volume Forecast, by End-User

12.5.5.3. Market Revenue and Volume Forecast, by Modality

12.5.5.4. Market Revenue and Volume Forecast, by Distribution Channel

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Product

12.5.6.2. Market Revenue and Volume Forecast, by End-User

12.5.6.3. Market Revenue and Volume Forecast, by Modality

12.5.6.4. Market Revenue and Volume Forecast, by Distribution Channel

Chapter 13. Company Profiles

13.1. Abbott

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Apple, Inc

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Fitbit, Inc.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Dexcom, Inc

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. F. Hoffmann-La Roche Ltd

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Zephyr

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Sonova, NeuroMetrix, Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Medtronic

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Johnson & Johnson

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global smart medical devices market size is expected to increase USD 168 billion by 2034 from USD 52.66 billion in 2024.

The global smart medical devices market will register growth rate of 12.30% between 2025 and 2034.

The major players operating in the smart medical devices market are Abbott, Apple, Inc, Fitbit, Inc., Dexcom, Inc, F. Hoffmann-La Roche Ltd, Zephyr, Sonova, NeuroMetrix, Inc., Medtronic, Johnson & Johnson., and Others.

The driving factors of the smart medical devices market are an increasing demand for efficient healthcare operations and increasing demand for remote monitoring systems.

North America region will lead the global smart medical devices market during the forecast period 2025 to 2034.

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