According to Goldstein Research, global smart medical devices market is expected to reach USD 69.1 billion by 2025, expanding at a CAGR of 6.75% over the forecast period, 2017-2025. The growing potential of new care models like healthcare security, remote care and transforming healthcare with IoT to improve security, privacy, interoperability, and analytics for medical devices is likely to spur the growth prospects for this market. Global smart medical devices market segmentation has been done on the basis of product type, modality, distribution channel, end-user and geography. Based on product type, diagnostic & monitoring smart medical devices held the largest market share in global smart medical devices market in 2017 owing to spiraling technological advancements, whooping investments, smart and digitally accessed medical devices coupled with intensifying awareness among patients to manage their health conditions. Global Smart medical devices market is dominated by North America region, expected to generate revenue of USD 27.67 billion by 2025 due to mounting preponderance of chronic disease and large number of incoming small and medium-sized enterprises, along with constant market consolidation efforts by the more prominent players.
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Market Segmentation
On the basis of our in-depth analysis, Global Smart Medical devices Market can be segmented as follows:
By Product Type
• Diagnostic and Monitoring Devices
• Therapeutic Device
• Injury Prevention
• Rehabilitation Device
By Modality
• Portable
• Wearable
By Distribution Channel
• Online
• Offline
By End User
• Hospitals
• Clinics
• Home Care Settings
• Diagnostics Lab
By region
• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Global (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Global) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Global, New Zealand and Rest of Global) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Smart Medical devices Market Outlook 2024” contains detailed overview of the Smart medical devices market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, modality, distribution channel and end-users.
Further, for the in-depth analysis, Smart Medical devices Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as Invacare Corporation; Abbott, AirStrip Technologies, Agfa-Gevaert, Alcatel-Lucent, Apple, AT&T, AthenaHealth, Epic Systems, Evolent Health, F. Hoffmann-La Roche, Google, Honeywell Life Care Solutions, HP Enterprises Services, Huawei Technologies, IBM, Johnson and Johnson, Medtronic, Microsoft, Misfit, Olympus, OMRON, Proteus Digital Health, Qualcomm, Samsung Electronics, STANLEY Healthcare Solutions, Voxiva, Warby Parker, WellDoc, Zebra Technologies, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Global Smart medical devices market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Goldstein Research
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on healthcare market research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.