Smart medical devices, as the name suggests are intelligent, autonomous instruments that improve workflow in healthcare settings by providing instantaneous and real-time actionable intelligence which help surgeons, healthcare practitioners and caregivers to achieve better patient outcomes. The concept of connected healthcare has revolutionized the treatments given to patients through advanced remote monitoring products.

The smart technology prevents the plunge, and thus, it also reduces the need extra cost incurred during a treatment procedure. Courtesy to the emerging technology, digital health and the inception of the IoT has made it easier to integrate smart wearable medical devices to the Internet fusing communication with functionality to provide continuous actionable data.

Smart medical devices also offer the supporting hardware aligned with the emerging trends in the medical sectors such as delivering point-of-care service in the remote management of medical conditions for severally ill patients, in rehab centers, as well as to those who have unconfined to medical monitoring and support.

Market Insights

The Global Smart Medical Devices Market is dynamic and is expected to witness healthy growth according to a report by Market Research Future. Biotech companies have identified this demand and are working toward catering to it by increasing investments toward the development of more efficient methods of self-administration of drugs. Patient-centric biologics and the growing participation of patients in their treatments have significantly increased the demand for Smart Medical Devices. Market Research Future's report provides insights into the market and reveals various important market figures along with predictions for the market over the assessment period.

Smart Medical Devices, also known as large volume injection devices, are a fairly innovative port of injectable drug delivery as it offers the ability to deliver a high volume of drugs, typically larger than 1 to 2 ml. This represents high potential for the development of treatment to pharmaceutical companies which are increasingly submitting drug approvals for biologics which is expected to be a significant driver of the Smart Medical Devices market. Although there are many areas of therapy where Smart Medical Devices can find applications, the use of Smart Medical Devices for the treatment of cancer is expected to be a driver of note in the global market due to the rapidly rising population.

Majority of large volume injectibles are presently administered via IV which require close monitoring in a clinical setting, and the ongoing nature of such drug administration has led to a demand for Smart Medical Devices. Reducing the need to visit a hospital and or appointments, self-administration in the comfort of one's own home is a highly attractive concept to patients with chronic diseases and is an important factor driving the demand for Smart Medical Devices. Applications for Smart Medical Devices also lie in the treatment of autoimmune diseases, cardiovascular, and neurological diseases. The growing elderly population across the globe has also led to the recording of high numbers of chronic diseases.

Moreover, this demographic has a high demand for ease of treatment which works in favor of the Smart Medical Devices market. Technological advancements are ongoing and are expected to open up multiple avenues for opportunities in the coming years and offer superior safety to conventional injectors.

Market Segmentation

MRFR's report covers the segmentation on the basis of type, technology, application, end-use, and region. Types of Smart Medical Devices include off-body, on-body, and handheld. Various technologies are used in Smart Medical Devices including rotary pump, spring based, expanding battery, pressurized gas, collapsible reservoir, motor driven, and others. Smart Medical Devices have applications in oncology, auto-immune disorders, cardiovascular diseases, diabetes, infectious diseases, and others. End-users for Smart Medical Devices include clinic, hospital, home care setting, ambulatory services, and others.

Key Players

Market players of note in the global Smart Medical Devices market include Unilife Corporation, Johnson & Johnson Services, Inc., Debiotech S.A., Enable Injections, Sensile Medical AG, Becton Dickinson and Company, F. Hoffmann-La Roche Ltd., Amgen Inc., West Pharmaceutical Services Inc., Insulet Corporation, CeQur SA, and SteadyMed Therapeutics, Inc.


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