The global smart medical devices market is set to soar from $87.7 billion in 2025 to $193.3 billion by 2030, with a CAGR of 17.1%. These IoT healthcare solutions, equipped with sensors for improved patient outcomes, offer insights into trends, drivers, and the competitive landscape in key regions.
Smart Medical Devices Market
Smart Medical Devices Market ·GlobeNewswire Inc.
Dublin, Aug. 28, 2025 (GLOBE NEWSWIRE) — The “Smart Medical Devices: Global Markets” report has been added to ResearchAndMarkets.com’s offering.
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.
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 growth of the global market is attributed to factors such as advancements in innovation and technologies, an increasing number of chronic diseases, and product launches of novel smart medical devices.
Smart medical devices are abbreviated as Self-Directed, Motivated, Adaptive, Resource-Enriched, and Technologies-Embedded (SMART). These IoT-based devices are embedded with sensors that collect and analyze data and transmit it to the patient or physician via a connected network using various modes of technology, such as Bluetooth, WiFi, and others.
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.
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
The report 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.
Company Profiles
Key Attributes:
Report Attribute
Details
No. of Pages
179
Forecast Period
2025 – 2030
Estimated Market Value (USD) in 2025
$87.7 Billion
Forecasted Market Value (USD) by 2030
$193.3 Billion
Compound Annual Growth Rate
17.1%
Regions Covered
Global
Key Topics Covered:
Chapter 1 Executive Summary
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
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
Chapter 8 Sustainability in Smart Medical Devices Market: ESG Perspective
Chapter 9 Appendix
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