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Global Smart Medical Devices Market Size study & Forecast, by Product (Diagnostic & Monitoring, Therapeutic Devices), by Distribution Channel (Pharmacies, Online channel, Others), by End-user (Hospitals, Clinics, Homecare, Others) and Regional Analysis, 2022-2029

December 2022 | 200 pages | ID: G77CBA19EF1AEN
Bizwit Research & Consulting LLP

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Global Smart Medical Devices Market is valued at approximately USD 80.63 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2022-2029. Smart medical devices are electronic devices that keep track of a patient's physical examination, effectively collecting data, and transmitting it to a care provider or doctor via the internet. The internet of things and artificial intelligence have contributed to the development of attractive features in the new smart medical devices that allow them to notify patients about symptoms and provide customized and precise treatment. The reminders for treatment appointments, medication renewals, and other health-related activities have enhanced the quality of treatment. The key factors driving the market growth are growing demand for smartphone-compatible and wireless medical devices, growing importance of real-time data driven approaches for diagnostics and treatment, and rising internet penetration rate and adoption of big data.

According to ITU, in 2022, the ITU estimates that 5.3 billion people, or 66% of the world's population, will be using the Internet. This represents a 24% growth from 2019 with an expected 1.1 billion individuals using the internet during that period. Also, rising prevalence of diabetes, asthma and other diseases would create lucrative opportunities for the market during forecasted period. However, the high cost of devices and patients’ privacy concerns stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Smart Medical Devices Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising technological advancements, the early adoption of advanced medical devices and presence of key market players in the region. Asia Pacific is expected to grow with the highest growth rate during the forecast period, owing to factors such as growing population, improvement in living standards due to rising disposable income, and demand for new technologically advanced products that would create lucrative growth prospects for the global Smart Medical Devices Market across the Asia Pacific region.

Major market players included in this report are:
Johnson & Johnson Private Limited (U.S.)
Abbott (U.S.)
Apple Inc. (U.S.)
Medtronic (Ireland)
F. Hoffman-La Roche Ltd. (U.S.)
Fitbit, Inc. (U.S.)
Dexcom Inc. (U.S.)
NeuroMetrix, Inc. (U.S.)
CeQur Simplicity (Switzerland)
Huawei Devices Co., Ltd. (China)

Recent Developments in the Market:
In 2020, the world's first electro-thermal activity sensor on a smartwatch, Fitbit Sense, made accessible, according to Fitbit, Inc. It features cutting-edge heart rate tracking technology and will help users manage stress. The most advanced smartwatch for health is Fitbit Sense. This will help the company in the coming years to generate more revenue.
In 2020, NeuroMetrix, Inc. announced the launch of the Quell App for the Apple Watch for pain management. New pain-relieving features and high-level integration will be made possible. The user will find it easier to use the device and monitor wrist pain relief as a result. This will boost consumer demand and support business growth.

Global Smart Medical Devices Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Distribution Channel, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Diagnostic & Monitoring
Therapeutic Devices

By Distribution Channel:
Pharmacies
Online channel
Others
By End User:
Hospitals
Clinics
Homecare
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Smart Medical Devices Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Smart Medical Devices Market, by Product, 2019-2029 (USD Billion)
  1.2.3. Smart Medical Devices Market, by Distribution Channel, 2019-2029 (USD Billion)
  1.2.4. Smart Medical Devices Market, by End-user, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SMART MEDICAL DEVICES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SMART MEDICAL DEVICES MARKET DYNAMICS

3.1. Smart Medical Devices Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Growing Demand for Smartphone-Compatible and Wireless Medical Devices
    3.1.1.2. Rising Internet Penetration Rate and Adoption of Big Data
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Smart Medical Devices
    3.1.2.2. Patients’ Privacy Concerns
  3.1.3. Market Opportunities
    3.1.3.1. Rising Prevalence of Diabetes, Asthma and Other Diseases

CHAPTER 4. GLOBAL SMART MEDICAL DEVICES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL SMART MEDICAL DEVICES MARKET, BY PRODUCT

6.1. Market Snapshot
6.2. Global Smart Medical Devices Market by Product, Performance - Potential Analysis
6.3. Global Smart Medical Devices Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Smart Medical Devices Market, Sub Segment Analysis
  6.4.1. Diagnostic & Monitoring
  6.4.2. Therapeutic Devices

CHAPTER 7. GLOBAL SMART MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL

7.1. Market Snapshot
7.2. Global Smart Medical Devices Market by Distribution Channel, Performance - Potential Analysis
7.3. Global Smart Medical Devices Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
7.4. Smart Medical Devices Market, Sub Segment Analysis
  7.4.1. Pharmacies
  7.4.2. Online channel
  7.4.3. Others

CHAPTER 8. GLOBAL SMART MEDICAL DEVICES MARKET, BY END-USER

8.1. Market Snapshot
8.2. Global Smart Medical Devices Market by End-user, Performance - Potential Analysis
8.3. Global Smart Medical Devices Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
8.4. Smart Medical Devices Market, Sub Segment Analysis
  8.4.1. Hospitals
  8.4.2. Clinics
  8.4.3. Homecare
  8.4.4. Others

CHAPTER 9. GLOBAL SMART MEDICAL DEVICES MARKET, REGIONAL ANALYSIS

9.1. Smart Medical Devices Market, Regional Market Snapshot
9.2. North America Smart Medical Devices Market
  9.2.1. U.S. Smart Medical Devices Market
    9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Distribution Channel breakdown estimates & forecasts, 2019-2029
    9.2.1.3. End-user breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Smart Medical Devices Market
9.3. Europe Smart Medical Devices Market Snapshot
  9.3.1. U.K. Smart Medical Devices Market
  9.3.2. Germany Smart Medical Devices Market
  9.3.3. France Smart Medical Devices Market
  9.3.4. Spain Smart Medical Devices Market
  9.3.5. Italy Smart Medical Devices Market
  9.3.6. Rest of Europe Smart Medical Devices Market
9.4. Asia-Pacific Smart Medical Devices Market Snapshot
  9.4.1. China Smart Medical Devices Market
  9.4.2. India Smart Medical Devices Market
  9.4.3. Japan Smart Medical Devices Market
  9.4.4. Australia Smart Medical Devices Market
  9.4.5. South Korea Smart Medical Devices Market
  9.4.6. Rest of Asia Pacific Smart Medical Devices Market
9.5. Latin America Smart Medical Devices Market Snapshot
  9.5.1. Brazil Smart Medical Devices Market
  9.5.2. Mexico Smart Medical Devices Market
  9.5.3. Rest of Latin America Smart Medical Devices Market
9.6. Rest of The World Smart Medical Devices Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Johnson & Johnson Private Limited (U.S.)
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Abbott (U.S.)
  10.2.3. Apple Inc. (U.S.)
  10.2.4. Medtronic (Ireland)
  10.2.5. F. Hoffman-La Roche Ltd. (U.S.)
  10.2.6. Fitbit, Inc. (U.S.)
  10.2.7. Dexcom Inc. (U.S.)
  10.2.8. NeuroMetrix, Inc. (U.S.)
  10.2.9. CeQur Simplicity (Switzerland)
  10.2.10. Huawei Devices Co., Ltd. (China)

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Smart Medical Devices Market, report scope
TABLE 2. Global Smart Medical Devices Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Smart Medical Devices Market estimates & forecasts by Product 2019-2029 (USD Billion)
TABLE 4. Global Smart Medical Devices Market estimates & forecasts by Distribution Channel 2019-2029 (USD Billion)
TABLE 5. Global Smart Medical Devices Market estimates & forecasts by End-user 2019-2029 (USD Billion)
TABLE 6. Global Smart Medical Devices Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Smart Medical Devices Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Smart Medical Devices Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Smart Medical Devices Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Smart Medical Devices Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Smart Medical Devices Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Smart Medical Devices Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Smart Medical Devices Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Smart Medical Devices Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Smart Medical Devices Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Smart Medical Devices Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Smart Medical Devices Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Smart Medical Devices Market
TABLE 71. List of primary sources, used in the study of global Smart Medical Devices Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Smart Medical Devices Market, research methodology
FIG 2. Global Smart Medical Devices Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Smart Medical Devices Market, key trends 2021
FIG 5. Global Smart Medical Devices Market, growth prospects 2022-2029
FIG 6. Global Smart Medical Devices Market, porters 5 force model
FIG 7. Global Smart Medical Devices Market, pest analysis
FIG 8. Global Smart Medical Devices Market, value chain analysis
FIG 9. Global Smart Medical Devices Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Smart Medical Devices Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Smart Medical Devices Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Smart Medical Devices Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Smart Medical Devices Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Smart Medical Devices Market, regional snapshot 2019 & 2029
FIG 15. North America Smart Medical Devices Market 2019 & 2029 (USD Billion)
FIG 16. Europe Smart Medical Devices Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Smart Medical Devices Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Smart Medical Devices Market 2019 & 2029 (USD Billion)
FIG 19. Global Smart Medical Devices Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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