GITNUX MARKETDATA REPORT 2024
Smart Medical Devices Industry Statistics
The smart medical devices industry is expected to experience significant growth driven by increasing demand for remote patient monitoring and personalized healthcare solutions.
In this post, we explore the dynamic landscape of the smart medical devices industry, backed by an array of compelling statistics. From the impressive market growth projections to the evolving trends in healthcare technology, the data paints a vivid picture of the sector’s promising future. Take a closer look at the numbers that are shaping the future of healthcare technology.
Statistic 1
"The global smart medical devices market size was valued at USD 60.8 billion in 2019."
Statistic 2
"The market is projected to reach USD 195.57 billion by 2026."
Statistic 3
"The projected compound annual growth rate (CAGR) for the smart medical devices industry is 17.5% from 2022 to 2026."
Statistic 4
"By 2020, the therapeutic device segment was valued at USD 22.0 billion."
Statistic 5
"The mHealth sector will generate around USD 188.5 billion in revenue by 2025."
Statistic 6
"Fitness applications accounted for 31.8% of the total market revenue share in 2019."
Statistic 7
"The Asia-Pacific region is expected to observe the fastest growth in the smart medical devices market during the forecast period."
Statistic 8
"The global smart pills market is estimated to reach USD 3.0 billion by 2025."
Statistic 9
"By end user, home care settings dominated the smart medical devices market with a 31.9% share in 2020."
Statistic 10
"The blood glucose monitors segment is valued at around USD 19.9 billion in 2019 and is projected to showcase significant growth over the forecast period."
Statistic 11
"The global connected wearable patch market is projected to reach USD 10.7 billion by 2024 from USD 6.4 billion in 2021 at a CAGR of 10.6% during the forecast period."
Statistic 12
"Telehealth device revenue is projected to increase up to USD 25 billion by the end of 2025."
Statistic 13
"The penetration of internet users worldwide reached 59.5% of the global population in 2020, leading to an increase in the use of health apps and the growth of the smart medical devices market."
Statistic 14
"Adoption of technologies like IoT in the healthcare sector is projected to grow to a market size of USD 534.3 billion by 2025."
Statistic 15
"The global population above the age of 65 will increase from 703.5 million in 2019 to 1.5 billion by 2050, directly increasing the demand for smart medical devices."
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