Global Smart Medical Devices Market to Reach $60.1 Billion by 2030
The global market for Smart Medical Devices estimated at US$30.2 Billion in the year 2023, is expected to reach US$60.1 Billion by 2030, growing at a CAGR of 10.3% over the period 2023-2030. Diagnostics & Monitoring Devices, one of the segments analyzed in the report, is expected to record 10% CAGR and reach US$40 Billion by the end of the analysis period. Growth in the Therapeutic Devices segment is estimated at 11.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.3 Billion, While China is Forecast to Grow at 9.6% CAGR
The Smart Medical Devices market in the U.S. is estimated at US$9.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
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