Towards Healthcare
Smart Medical Devices Market Increases USD 26.62 Bn in 2025

Smart Medical Devices Market 2025 Growth Boosted by AI and Remote Monitoring

Market insights predict the global smart medical devices industry will increase from USD 24.82 billion in 2024 to USD 49 billion by 2034, achieving a CAGR of 7.26%. The world is highly focused on health consciousness is boosting the development of the global market. The rapidly FDA-approved devices are driving North America’s dominance.

  • Insight Code: 6150
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: September 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology, and healthcare services.

She began her research career at Precedence Research, where she contributed to a wide range of healthcare industry studies, helping build a strong foundation in market intelligence and strategic research. Currently, Deepa plays a critical role at Towards Healthcare, while also extending her research capabilities across Statifacts, supporting cross-industry intelligence initiatives with a focus on healthcare.

Her ability to distill complexity into clarity has made her a trusted contributor to both internal teams and external clients across the healthcare value chain. By combining professionalism with an evolving depth in healthcare research, Deepa consistently adds value to projects that demand critical thinking, market precision, and industry-specific knowledge. Her contributions help organizations navigate the complexities of regulated markets and make data-backed growth decisions.

FAQ's

The smart medical devices market stands at USD 26.62 billion in 2025 and is expected to reach USD 49 billion by 2034, growing at a CAGR of 7.26% from 2024 to 2034.

North America is currently leading the smart medical devices market due to robust digital health adoption and rapid FDA approval of smart devices.

The smart medical devices market includes 5 segments such as by product type, technology, by application, by end user, and by region.

Some key players include Abbott Laboratories, Medtronic, Philips Healthcare, GE HealthCare, and Siemens Healthineers.

Smart implantable sensors can be widely used in orthopedics, cardiovascular conditions, chronic disease management, and drug adherence & delivery.

US FDA, ICMR, CDSCO, TDB.GOV, PIB, GOV.UK, DHR, GEM.GOV, NHSRC.