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Smart Medical Devices Market - Global Industry Analysis

Smart Medical Devices Market by Product (Diagnostic & Monitoring Devices, Therapeutic Devices & Injury Prevention & Rehabilitation Devices), by Modality (Portable & Wearable) and by End User (Hospitals, Clinics, Home Healthcare & Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 20-Jul-2018 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-2692 Status : Published

Global smart medical devices market expected to generate revenue of around USD 63.68 billion by end of 2024, growing at a CAGR of around 7.28% between 2018 and 2024. Smart medical devices are used as an important tool by physicians across the globe to monitor vital signs of various diseases.

Description

The report covers forecast and analysis for the smart medical devices market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the smart medical devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart medical devices market on a global level.

In order to give the users of this report a comprehensive view of the smart medical devices market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type and modality segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Smart Medical Devices Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new modality launch, agreements, partnerships, collaborations & joint ventures, research & development, modality, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

The study provides a decisive view on the smart medical devices market by segmenting the market based on product, modality, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. Based on the product, the market is segmented into diagnostic and monitoring devices, therapeutic devices, injury prevention, and rehabilitation devices. Based on modality, the market is segmented into portable and wearable. Based on the end user, the market is segmented into hospitals, clinics, home healthcare, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further categorization into major countries. This segmentation includes demand for smart medical devices market based on individual product, modality, and end user in all the regions and countries.

Some of the key players in smart medical devices market include as Apple, Inc., Abbott Laboratories, Fitbit, Inc., Dexcom, Inc., Johnson & Johnson, NeuroMetrix, Inc., Samsung Electronics Co., Ltd., F. Hoffmann-La Roche Ltd., Medtronic plc, and Sonova, and others.

This report segments the global smart medical devices market as follows:

Global Smart Medical Devices Market: Product Segment Analysis

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

Global Smart Medical Devices Market: Modality Segment Analysis

  • Portable
  • Wearable

Global Smart Medical Devices Market: End User Segment Analysis

  • Hospitals
  • Clinics
  • Home Healthcare
  • Others

Global Smart Medical Devices Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global smart medical devices market, 2015 - 2024 (USD Billion)
    • 2.2. Global smart medical devices market: snapshot
  •  
  • Chapter 3. Smart Medical Devices Market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global smart medical devices market drivers: impact analysis
      • 3.2.2. Convenience of tracking health issues through smart medical devices bodes well for global market
      • 3.2.3. Diagnostic and monitoring devices to remain popular as inclination towards fitness is increasing
    • 3.3. Market Restraints
      • 3.3.1. Global smart medical devices market restraints: impact analysis
      • 3.3.2. High Cost
    • 3.4. Opportunities
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by product segment
      • 3.6.2. Market attractiveness analysis, by modality segment
      • 3.6.3. Market attractiveness analysis, by end user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Smart Medical Devices Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global smart medical devices market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Smart Medical Devices Market- Product Segment Analysis
    • 5.1. Global smart medical devices market: product overview
      • 5.1.1. Global smart medical devices market revenue share, by product, 2015 and 2024
    • 5.2. Diagnostic & Monitoring Devices
      • 5.2.1. Global smart medical devices market for diagnostic & monitoring devices, 2015 - 2024 (USD Billion)
      • 5.2.2. Blood Glucose Monitors
        • 5.2.2.1. Global smart medical devices market for blood glucose monitors, 2015 - 2024 (USD Billion)
      • 5.2.3. Heart Rate Monitors
        • 5.2.3.1. Global smart medical devices market for heart rate monitors, 2015 - 2024 (USD Billion)
      • 5.2.4. EEG/ECG Monitors
        • 5.2.4.1. Global smart medical devices market for EEG/ECG monitors, 2015 - 2024 (USD Billion)
      • 5.2.5. Pulse Oximeters
        • 5.2.5.1. Global smart medical devices market for pulse oximeters, 2015 - 2024 (USD Billion)
      • 5.2.6. Blood Pressure Monitors
        • 5.2.6.1. Global smart medical devices market blood pressure monitors, 2015 - 2024 (USD Billion)
      • 5.2.7. Fetal Monitors
        • 5.2.7.1. Global smart medical devices market for fetal monitors, 2015 - 2024 (USD Billion)
      • 5.2.8. Breathalyzers
        • 5.2.8.1. Global smart medical devices market for breathalyzers, 2015 - 2024 (USD Billion)
      • 5.2.9. Blood Analyte Analyzers
        • 5.2.9.1. Global smart medical devices market for blood analyte analyzers, 2015 - 2024 (USD Billion)
      • 5.2.10. Smart Clothing
        • 5.2.10.1. Global smart medical devices market for smart clothing, 2015 - 2024 (USD Billion)
      • 5.2.11. Others
        • 5.2.11.1. Global smart medical devices market for others, 2015 - 2024 (USD Billion)
    • 5.3. Therapeutic Devices
      • 5.3.1. Global smart medical devices market for therapeutic devices, 2015 - 2024 (USD Billion)
      • 5.3.2. Portable Oxygen Concentrators & Ventilators
        • 5.3.2.1. Global smart medical devices market for portable oxygen concentrators & ventilators, 2015 - 2024 (USD Billion)
      • 5.3.3. Insulin Pumps
        • 5.3.3.1. Global smart medical devices market for insulin pumps, 2015 - 2024 (USD Billion)
      • 5.3.4. Neuro-Stimulators
        • 5.3.4.1. Global smart medical devices market for neuro-stimulators, 2015 - 2024 (USD Billion)
      • 5.3.5. Hearing Aids
        • 5.3.5.1. Global smart medical devices market for hearing aids, 2015 - 2024 (USD Billion)
      • 5.3.6. Others
        • 5.3.6.1. Global smart medical devices market for others, 2015 - 2024 (USD Billion)
    • 5.4. Injury Prevention & Rehabilitation Devices
      • 5.4.1. Global smart medical devices market for injury prevention & rehabilitation devices, 2015 - 2024 (USD Billion)
      • 5.4.2. Body Motion Devices
        • 5.4.2.1. Global smart medical devices market for body motion devices, 2015 - 2024 (USD Billion)
      • 5.4.3. Fall Detection Devices
        • 5.4.3.1. Global smart medical devices market for fall detection devices, 2015 - 2024 (USD Billion)
      • 5.4.4. Others
        • 5.4.4.1. Global smart medical devices market for fall Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Smart Medical Devices Market- Modality Segment Analysis
    • 6.1. Global smart medical devices market: modality overview
      • 6.1.1. Global smart medical devices market revenue share, by modality, 2015 and 2024
    • 6.2. Portable
      • 6.2.1. Global smart medical devices market for portable, 2015 - 2024 (USD Billion)
    • 6.3. Wearable
      • 6.3.1. Global smart medical devices market for wearable, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global Smart Medical Devices Market- End User Segment Analysis
    • 7.1. Global smart medical devices market: end user overview
      • 7.1.1. Global smart medical devices market revenue share, by end user, 2015 and 2024
    • 7.2. Hospitals
      • 7.2.1. Global smart medical devices market for hospitals, 2015 - 2024 (USD Billion)
    • 7.3. Clinics
      • 7.3.1. Global smart medical devices market for clinics, 2015 - 2024 (USD Billion)
    • 7.4. Home Healthcare
      • 7.4.1. Global smart medical devices market for home healthcare, 2015 - 2024 (USD Billion)
    • 7.5. Others
      • 7.5.1. Global smart medical devices market for others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Global Smart Medical Devices Market- Regional Segment Analysis
    • 8.1. Global smart medical devices market: regional overview
      • 8.1.1. Global smart medical devices market revenue share, by region, 2015 and 2024
    • 8.2. North America
      • 8.2.1. North America smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.2.2. North America smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
      • 8.2.3. North America smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.2.4.2. The U.S. smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.2.4.3. The U.S. smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.2.5. Canada
        • 8.2.5.1. Canada smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.2.5.2. Canada smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.2.5.3. Canada smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.3.2. Europe smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
      • 8.3.3. Europe smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.3.4. U.K.
        • 8.3.4.1. U.K. smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.4.2. U.K. smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.3.4.3. U.K. smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.3.5. Germany
        • 8.3.5.1. Germany smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.5.2. Germany smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.3.5.3. Germany smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.6.2. France smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.3.6.3. France smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.3.7. Rest of Europe
        • 8.3.7.1. Rest of Europe smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.7.2. Rest of Europe smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.3.7.3. Rest of Europe smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.4.2. Asia Pacific smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
      • 8.4.3. Asia Pacific smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.4.2. China smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.4.4.3. China smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. Japan smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.5.2. Japan smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.4.5.3. Japan smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. India smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.6.2. India smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.4.6.3. India smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.4.7. Rest of Asia Pacific
        • 8.4.7.1. Rest of Asia Pacific smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.7.2. Rest of Asia Pacific smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.4.7.3. Rest of Asia Pacific smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.5.2. Latin America smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
      • 8.5.3. Latin America smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.5.4.2. Brazil smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.5.4.3. Brazil smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.5.5. Rest of Latin America
        • 8.5.5.1. Rest of Latin America smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.5.5.2. Rest of Latin America smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.5.5.3. Rest of Latin America smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.6.2. The Middle East and Africa smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
      • 8.6.3. The Middle East and Africa smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.6.4. Saudi Arabia
        • 8.6.4.1. Saudi Arabia smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.6.4.2. Saudi Arabia smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.6.4.3. Saudi Arabia smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.6.5. UAE
        • 8.6.5.1. UAE smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.6.5.2. UAE smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.6.5.3. UAE smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.6.6. South Africa
        • 8.6.6.1. South Africa smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.6.6.2. South Africa smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.6.6.3. South Africa smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
      • 8.6.7. Rest of the Middle East and Africa
        • 8.6.7.1. Rest of the Middle East and Africa smart medical devices market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.6.7.2. Rest of the Middle East and Africa smart medical devices market revenue, by modality, 2015 - 2024 (USD Billion)
        • 8.6.7.3. Rest of the Middle East and Africa smart medical devices market revenue, by end user, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Abbott Laboratories
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Apple, Inc.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Dexcom, Inc.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Fitbit, Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. F. Hoffmann-La Roche Ltd.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Johnson & Johnson
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Medtronic plc
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. NeuroMetrix, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Samsung Electronics Co., Ltd.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Sonova
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

List of Figures 

1. Market research process
2. Market research methodology
3. Global smart medical devices market revenue, 2015 – 2024 (USD Billion) 
4. Porter’s five forces analysis
5. Smart medical devices market attractiveness analysis, by product segment
6. Smart medical devices market attractiveness analysis, by modality segment
7. Smart medical devices market attractiveness analysis, by end user segment
8. Smart medical devices market: market attractiveness analysis, by regional segment
9. Company market share analysis, 2017 
10. Global smart medical devices market revenue share by product, 2015 and 2024
11. Global smart medical devices market for diagnostic & monitoring devices, 2015 – 2024 (USD Billion)
12. Global smart medical devices market for therapeutic devices, 2015 – 2024 (USD Billion)
13. Global smart medical devices market for injury prevention & rehabilitation devices, 2015 – 2024 (USD Billion)
14. Global smart medical devices market revenue share by modality, 2015 and 2024
15. Global smart medical devices market for portable, 2015 – 2024 (USD Billion)
16. Global smart medical devices market for wearable, 2015 – 2024 (USD Billion)
17. Global smart medical devices market revenue share by end user, 2015 and 2024
18. Global smart medical devices market for hospital, 2015 – 2024 (USD Billion)
19. Global smart medical devices market for clinics, 2015 – 2024 (USD Billion)
20. Global smart medical devices market for home healthcare, 2015 – 2024 (USD Billion)
21. Global smart medical devices market for others, 2015 – 2024 (USD Billion)
22. Global smart medical devices market revenue share by regions, 2015 and 2024
23. North America smart medical devices market, 2015 – 2024, (USD Billion)
24. Europe smart medical devices market, 2015 – 2024, (USD Billion)
25. Asia Pacific smart medical devices market, 2015 – 2024, (USD Billion)
26. Latin America smart medical devices market, 2015 – 2024, (USD Billion)
27. The Middle East and Africa smart medical devices market, 2015 – 2024, (USD Billion)


List of Tables

1. Smart medical devices market: market snapshot                                                                                                                        
2. Drivers of global smart medical devices market: impact analysis 
3. Restraints of global smart medical devices market: impact analysis  
4. North America smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
5. North America smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
6. North America smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
7. The U.S. smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
8. The U.S. smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
9. The U.S. smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
10. Canada smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
11. Canada smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
12. Canada smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
13. Europe smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
14. Europe smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
15. Europe smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
16. U.K. smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
17. U.K. smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
18. U.K. smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
19. Germany smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
20. Germany smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
21. Germany smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
22. France smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
23. France smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
24. France smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
25. Rest of Europe smart medical devices market revenue, by product, 2015 – 2024 (USD Billion) 
26. Rest of Europe smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
27. Rest of Europe smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
28. Asia Pacific smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
29. Asia Pacific smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
30. Asia Pacific smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
31. China smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
32. China smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
33. China smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
34. Japan smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
35. Japan smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
36. Japan smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
37. India smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
38. India smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
39. India smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
40. Rest of Asia Pacific smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
41. Rest of Asia Pacific smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
42. Rest of Asia Pacific smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
43. Latin America smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
44. Latin America smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
45. Latin America smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
46. Brazil smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
47. Brazil smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
48. Brazil smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
49. Rest of Latin America smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
50. Rest of Latin America smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
51. Rest of Latin America smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
52. The Middle East and Africa smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
53. The Middle East and Africa smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
54. The Middle East and Africa smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
55. Saudi Arabia smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
56. Saudi Arabia smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
57. Saudi Arabia smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
58. UAE smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
59. UAE smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
60. UAE smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
61. South Africa smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
62. South Africa smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
63. South Africa smart medical devices market revenue, by end user, 2015 – 2024 (USD Billion)
64. Rest of the Middle East and Africa smart medical devices market revenue, by product, 2015 – 2024 (USD Billion)
65. Rest of the Middle East and Africa smart medical devices market revenue, by modality, 2015 – 2024 (USD Billion)
66. Rest of the Middle East and Africa smart medical devices market revenue, by the end user, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

The devices which we use are getting smarter when they are fitted with a range of microprocessors, sensors, algorithms, and communication which makes them the smart medical device. A smart medical device is a software appliance which is used for a variety of diagnostic and therapeutic purposes. It is used in a large range of applications like glucose monitoring, insulin delivery, monitoring heart rate and pain relief, and many other applications. In the healthcare sector, smartphones play a large role in monitoring and operating these smart medical devices. 

Globally the rising prevalence of chronic diseases and rising health concerns, along with increasing healthcare expenditure, and increasing demand for wearable devices is expected to boost the market for smart medical devices market. Companies like Fitbit, Inc. and Apple, Inc. have come up with innovative products which are further boosting the market growth for these devices. Smart blood pressure monitors and smart clothing are also expected to garner a huge market share in the forecast period.

The market for smart medical devices is segmented on the basis of product into diagnostic and monitoring devices, therapeutic devices, and injury prevention and rehabilitation devices. The diagnostic and monitoring devices market is further segmented into EEG/ECG monitors, blood glucose monitors, heart rate monitors, fetal monitors, pulse oximeters, breathalyzers, blood pressure monitors, blood smart clothing, analyte analyzers, and others. On the basis of therapeutic devices, the market is further divided into neuro-stimulators, portable oxygen hearing aids, concentrators & ventilators, insulin pumps, and others. The injury prevention and rehabilitation devices market is further divided into body motion devices, fall detection devices, and others. Based on modality, the market is segmented portable and wearable. Based on the end user, the market is segmented into hospitals, clinics, home healthcare, and others.

Regionally North America holds a larger share of the smart medical devices market due to huge acceptance for advanced medical technologies and well-developed healthcare sector, which is promoting the growth of the market in this region. Also, the healthcare system is highly benefited by the improved per capita income, favorable economic conditions, and a high standard of living. Followed by which is the Europe market which is expected to gain substantial market share in the forecast period. According to the Reflection and Orientation Paper, for innovation and collaborative projects, the European Union contributed USD 43.5 million in 2016, for wearable medical devices.

Some of the key players in smart medical devices market include Apple, Inc., Abbott Laboratories, Fitbit, Inc., Dexcom, Inc., Johnson & Johnson, NeuroMetrix, Inc., Samsung Electronics Co., Ltd., F. Hoffmann-La Roche Ltd., Medtronic Plc, and Sonova.

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