Smart Medical Devices Market to Grow at 17.1% CAGR Through 2030

“Smart medical devices are reshaping healthcare through real-time monitoring, early diagnosis, and personalized treatment, driven by innovation, rising demand for remote patient care, and the global shift toward value-based healthcare.”

Boston, Aug. 13, 2025 (GLOBE NEWSWIRE) -- According to the latest study from BCC Research, “Smart Medical Devices: Global Markets” is projected to grow from $87.7 billion in 2025 to $193.3 billion by the end of 2030, at a compound annual growth rate (CAGR) of 17.1% from 2025 through 2030.

The report provides a detailed analysis of the global smart medical devices market, segmented by product type, application, and end user. It highlights the growing adoption of implantable, wearable, and non-wearable devices across major medical areas such as cardiovascular health, diabetes management, neurology, and sleep disorders. The study also explores regional market dynamics in North America, Europe, Asia-Pacific, South America, and the Middle East and Africa, identifying major trends, challenges, and innovations driving growth. It concludes with insights into leading market players and their product offerings, emphasizing advances in device performance and functionality.

This report is particularly relevant today because smart medical devices are transforming healthcare by enabling real-time monitoring, early diagnosis, and personalized treatment. They play a vital role in managing chronic conditions like diabetes, cardiovascular, and respiratory diseases, while also supporting emergency response and telecare. Their integration with digital platforms enhances data sharing and clinical decision-making, promoting preventive care and reducing hospital visits. As healthcare systems worldwide focus on to improving outcomes and lowering costs, the adoption of smart medical devices is becoming increasingly critical.

The factors driving the market’s growth include:

Increasing Prevalence of Chronic Diseases and Aging Population: The global rise in chronic conditions like diabetes and heart disease, along with a growing elderly population, is driving demand for smart medical devices. These devices help monitor health continuously and manage long-term conditions more effectively, reducing hospital visits and improving patient outcomes.

Improved Wireless Communication and Digital Health Technologies: Advances in wireless tech (like 5G, Bluetooth, and cloud computing) have enabled real-time data sharing between patients and healthcare providers. This supports remote monitoring, telehealth, and faster decision-making, making healthcare more accessible and more efficient.

Development of Internet of Things (IoT) Technologies in Healthcare: IoT technology connects medical devices to networks, allowing them to collect and transmit health data automatically. This enables predictive care, real-time alerts, and better management of patients and hospital resources, enhancing the overall healthcare ecosystem.

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Report Synopsis

Interesting facts:

Wearables and AI: Demand for wearable health monitors is rising. AI boosts diagnostics and treatments, and the Internet of Medical Things (IoMT) enables remote, proactive care.

Smart Medications and Home Care: Devices like smart inhalers and pill trackers improve medication compliance; home healthcare use is growing, making care more patient centric.

Emerging startups:

• ComeBack Mobility
• Senzo, Inc.
• Parasym
• Able Human Motion
• Biomotum

The report addresses the following questions:

1. What are the projected size and growth rate of the market?

• The global market for smart medical devices was valued at $75.9 billion in 2024 and is projected to reach $193.3 billion by the end of 2030. The market is expected to grow at a CAGR of 17.1% during the forecast period.

2. Which factors are driving the growth of the market?

• The increasing prevalence of chronic diseases and an aging population improved wireless communication and digital health technologies and the development of IoT technologies in healthcare.

3. Which market segments are covered in the report?

• The market in this report is segmented into product type, application, and end user. Based on type, the report covers implantable smart medical devices, wearable smart medical devices, and non-wearable smart medical devices. The market is segmented by application into cardiovascular, diabetes, neurology, sleep disorders, and others. End users include hospitals and clinics, home healthcare settings, and others.

4. Which application segment will be dominant through the forecast period?

• Cardiovascular will be the dominant application in the smart medical devices market.

5. Which region has the largest market share?

• The North America market for smart medical devices was valued at $34.3 billion in 2024 and is projected to reach $85.8 billion in 2030, at a CAGR of 16.9% during the forecast period.

Market leaders include:

• Abbott
• Biotronik
• Boston Scientific Corp.
• Connectedhealth
• Debiotech SA
• Dexcom Inc.
• F. Hoffmann-La Roche Ltd.
• Health Care Originals
• Insulet Corp.
• Koninklijke Philips N.V.
• Livanova Plc
• Medtronic
• Novo Nordisk A/S
• Omron Corp.
• Ypsomed

Related reports:

Needle-Free Devices: Technologies and Global Markets: This report offers a detailed analysis of the global needle-free devices market, examining current market dynamics, technological advances, and product performance. It includes insights into popular products, clinical trials, new product approvals, and emerging technologies. The market is segmented by product type (such as needle-free injectors and transdermal patches), application (vaccines and insulin delivery), and end-users (hospitals and homecare settings). Regional outlooks are provided for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa, along with profiles of leading companies and their strategic initiatives.

Global Implantable Remote Patient Monitoring Devices Market: This report provides an in-depth analysis of the implantable remote patient monitoring (IRPM) devices market, covering product types, medical indications, and end-user segments. It highlights key market players, their rankings, and strategic developments, offering insights into competitive dynamics. The market is segmented into device categories such as cardiovascular, brain, gastrointestinal, respiratory, hematological, and musculoskeletal monitoring. It also examines applications across diseases like cardiovascular conditions, brain disorders, and diabetes.

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