Global Smart Medical Devices Market- Industry Trends and Forecast to 2028

Segmentation

Short Description
Global Smart Medical Devices Market, By Product Type (Diagnostics and Monitoring Devices and Therapeutic Device), Type (On-Body (Adhesive Patch), Off-Body (Belt Clip) and Hand Held), Technology (Spring-Based, Motor-Driven, Rotary Pump, Expanding Battery, Pressurized Gas and others), Modality (Wearable and Non-Wearable), Application (Oncology, Diabetes, Auto-Immune Disorders, Infection Diseases, Sports and Fitness, Sleep Disorders and others), End User (Hospitals, Clinics, Home Care, Sports Club and Others), Distribution Channel (Pharmacies, Online Channel and Others), Country (Germany, France, U.K., Italy, Spain, Russia, Switzerland, Netherlands, Belgium, Turkey, Ireland and Rest of Europe, Japan, China, Australia, South Korea, India, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, U.S., Canada, Mexico, Brazil, Argentina and Rest of South America, South Africa, Saudi Arabia, UAE, Israel and Rest of Middle East and Africa) Industry Trends & Forecast to 2028       

Market Definition:
Smart medical devices are important medical tools which are used by physicians to monitor the vital physiological parameters of various diseases. These smart devices are intended for enhancing patient care quality by monitoring real time data and communicating the same to physician through a connected device.
The use of smart medical devices has several benefits such as it saves times, saves hospital visit expenses thereby helping the people to get more aware towards their health and fitness. The use of smart medical devices is gaining popularity across the globe and it is particularly popular in emerging markets. The smart devices are also capable of analysing the patients health condition by continuously monitoring of health parameters and can take quick action against the challenges. Smart devices have the benefit as it is reliable for patients to use these devices as per their convenience.
Increasing adoption of smart phones and demand of smart phone compatible medical devices, wearable devices are driving the growth of the market. Advanced methodologies present in the field are also propelling the growth of the global smart medical devices market.
Market Segmentation:
Global smart medical devices market is categorized into product type, type, technology, modality, application, end user and distribution channel.

On the basis of product type, global smart medical devices market is segmented into diagnostics & monitoring devices & therapeutic devices. 

On the basis of type, global smart medical devices market is segmented into on-body (adhesive patch), off-body (belt clip) and hand held.

On the basis of technology, global smart medical devices market is segmented into spring-based, motor-driven, rotatory pump, expanding battery, pressurized gas and others. 

On the basis of modality, global smart medical devices market is segmented into wearable and non-wearable. In 2021, wearable segment is expected to dominate the market because of increasing demand of wireless devices to monitor the health condition.
On the basis of application, global smart medical devices market is segmented into oncology, diabetes, auto-immune disorders, infection diseases, sports and fitness, sleep disorder and others. In 2021, sports and fitness segment is expected to dominate market because of rising prevalence of chronic diseases.
On the basis of end user, global smart medical devices market is segmented into hospitals, clinics, home care, sport club and others. In 2021, home care segment is expected to dominate the market because of increasing geriatric population and prevalence of chronic diseases.
On the basis of distribution channel, global smart medical devices market is segmented into pharmacies, online channel and others. In 2021, online channel segment is expected to dominate the market because of increasing demand of wireless and smart devices.

Market Players

The key market players for global smart medical devices market are listed below:

 Fitbit, Inc.
 Dexcom, Inc.
 NeuroMetrix, Inc.
 CeQur SA
 Huawei Device Co., Ltd.
 Johnson & Johnson Services, Inc.
 Abbott,
 Apple Inc.
 Medtronic
 F. Hoffman-La Roche Ltd
 Sonova
 BAE Systems
 Seiko Epson Corporation
 VitalConnect, Activinsights Ltd.
 Omron Healthcare, Inc.
 Sotera Wireless, Inc.
 West Pharmaceutical Services, Inc.
 Insulet Corporation
 SAMSUNG ELECTRONICS CO., LTD.
 Garmin Ltd.
 Debiotech S.A.
 Enable Injections
 LG Electronics

Methodology