Posted by Global Smart Medical Devices Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Smart Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Smart Medical Devices Market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global smart medical devices market size reached US$ 40.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.39% during 2023-2028.
Intelligent healthcare devices incorporate cutting-edge technologies and connectivity elements to elevate patient care, oversee health statuses, and optimize healthcare operations. These devices offer immediate data and valuable insights to both patients and medical practitioners. They play a pivotal role in monitoring vital signs, tracking medication adherence, and enabling remote patient monitoring, enabling proactive healthcare management and timely interventions. By gathering, analyzing, and transmitting essential health data, they empower healthcare providers to make well-informed choices. Given their capacity to facilitate tailored treatment strategies, the global demand for smart medical devices is on the rise.
Global Smart Medical Devices Market Trends and Drivers:
Presently, a significant contributor to the market’s expansion is the escalating incidence of chronic illnesses worldwide. Additionally, the market outlook is favorable due to heightened interest in healthcare solutions that enhance data sharing efficiency while elevating overall patient care quality. Notably, the increasing adoption of real-time remote monitoring by healthcare providers to track patients’ vital signs further fuels market growth. Moreover, the cost-effectiveness of smart medical devices is attracting interest from industry investors, presenting a lucrative growth opportunity. Furthermore, the incorporation of artificial intelligence (AI) and machine learning (ML) into smart medical devices for predictive healthcare analysis actively contributes to market advancement.
Global Smart Medical Devices Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Abbott Laboratories, Activinsights Ltd, Apple Inc., Debiotech SA, Enable Injections, Fitbit LLC (Google LLC), Koninklijke Philips N.V., Medtronic PLC, NeuroMetrix Inc., Omron Healthcare Co Ltd (Omron Corporation), Sonova Holding AG, Sotera Wireless Inc. and VitalConnect.
The report segmented the market on the basis of region, product type, distribution channel, application and end user.
Breakup by Product Type:
- Diagnostic and Monitoring
- Blood Glucose Monitors
- Heart Rate Monitors
- Pulse Oximeters
- Blood Pressure Monitors
- Breath Analyzer
- Other Diagnostic Monitoring Products
- Therapeutic Devices
- Portable Oxygen Concentrators and Ventilators
- Insulin Pumps
- Hearing Aid
- Other Therapeutic Devices
Breakup by Distribution Channel:
- Pharmacies
- Online
- Others
Breakup by Application:
- Oncology
- Diabetes
- Auto-Immune Disorders
- Infectious Diseases
- Others
Breakup by End User:
- Hospitals and Clinics
- Home-Care Setting
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800