Top 50 Companies in Smart Therapeutic Devices Market Worldwide 2025: Market Research Report (2024–2035) Statistics Report Till 2035
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Smart Therapeutic Devices Market Size is projected to Grow from USD 76.14 Billion in 2024 to USD 286.52 Billion by 2035, at a CAGR of 12.8% during the forecast period 2025–2035. The market for Smart Therapeutic Devices is growing demand due to rising prevalence of chronic diseases, technological advancements in AI and IoT, increasing demand for remote and personalized healthcare, the increasing adoption of telemedicine, and encouraging government policies that facilitate digital health solutions.
Introduction
Smart therapeutic devices market refers to sophisticated medical devices with smart techniques to provide target, track patient health and improve treatment results. These devices are used in chronic diseases, rehabilitation, pain management and treatment of drug administration. Their major strength is a concurrent monitoring of integration with data, personal medical, wireless transmission, and healthcare IT infrastructure, which improves patient compliance and remote care. Opportunity to increase chronic diseases, aging population and telemedicine increase are increasing opportunities. Governments promote smart medical equipment through financing digital health programs, support telemedicine, apply rules for safety and data secrecy, and encourage innovation to improve healthcare access and chronic disease management globally. Major drivers are technological development such as IOT and AI, increase in spending in healthcare, and government policies supporting digital health solutions. As healthcare makes changes for patient-focused care, smart medical equipment is important to improve the results of treatment and reduce hospital attacks, leading to the market dynamic and rapidly.
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Smart Therapeutic Devices Market Size & Statistics
- The Market Size for Smart Therapeutic Devices Was estimated to be worth USD 76.14 Billion in 2024.
- The Market Size is going to Expand at a CAGR of 12.8% between 2025 and 2035.
- The Global Smart Therapeutic Devices Market Size is anticipated to reach USD 286.52 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Smart Therapeutic Devices Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Smart Therapeutic Devices Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the smart therapeutic devices market.
Increased healthcare expenses, increasing incidence of chronic diseases, and an increasing population is increasing the Asia Pacific market for smart medical devices. China, India and Japan have strong investment in digital health, telemedicine and mobile health. Internet and smartphone penetration and increase in government initiative for more access to remote care also improves demand. In addition, the extension of the middle class and awareness about healthcare increases the demand for inexpensive, network health solutions.
North America is expected to generate the highest demand during the forecast period in the Smart Therapeutic Devices market.
North America led the market of smart medical equipment, fuel by concentration of sophisticated healthcare infrastructure and top medical technology firms. Connected solutions, early digital health technology, strong R&D expenses, and high chronic disease management awareness market growth drive through are supporting reimbursement policies. Top devices are insulin pumps, neurostimulators and wearballs. In addition, the demand for intelligent medical equipment in the area continues to increase in the increasing cases of lifestyle related conditions such as diabetes and cardiovascular diseases in the US and Canada.
Top 10 Trends in the Smart Therapeutic Devices Market
- AI and IoT Integration
- Wearable Technology
- Personalized Medicine
- Remote Patient Monitoring (RPM)
- Smart Drug Delivery Systems
- Robot-Assisted Devices
- Advanced Sensors and Biometrics
- Digital Therapeutics
- 5G and Edge AI
- Focus on Home Healthcare
1. AI and IoT Integration
Artificial intelligence (AI) and the Internet of Things (IoT) are being used for personalized healthcare, predictive analytics, and smarter decision-making in treatment.
2. Wearable Technology
Wearable devices like smartwatches, patches, and smart clothing are increasingly used for continuous monitoring and therapy delivery for conditions such as heart disease and diabetes.
3. Personalized Medicine
Smart devices enable tailored treatment plans based on real-time patient data, moving towards precision medicine for more effective outcomes.
4. Remote Patient Monitoring (RPM)
The surge in telehealth and at-home care is driving the need for connected devices that allow for remote monitoring and therapeutic interventions, particularly for chronic diseases.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Smart Therapeutic Devices market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Smart Therapeutic Devices Market
- Medtronic
- Abbott
- Koninklijke Philips N.V.
- Dexcom
- Johnson & Johnson
- Boston Scientific
- GE HealthCare
- Siemens Healthineers
- F. Hoffmann-La Roche Ltd (Roche)
- Fitbit/Apple
- Others
1. Medtronic
Headquarters: Ireland
Medtronic is a major player in the Smart Therapeutic Devices Market, recognized as a leader in areas like smart insulin pumps and neurostimulators, and is investing in connected devices that integrate AI and IoT for personalized, home-based treatments for chronic diseases like diabetes and neurological disorders. The company is also developing innovative solutions such as the Smart MDI system with InPen and Simplera CGM, which are designed to improve disease management through actionable alerts and data-driven insights, contributing to the broader growth of the smart medical devices market driven by advancements in personalized and remote care.
2. Abbott
Headquarters: U.S.
Abbott is a leading player in the smart therapeutic devices market, offering innovations in patient monitoring and connected care for conditions like heart rhythm issues and neurological disorders. Key products include insertable cardiac monitors (ICMs), hemispheric monitoring systems, and digital platforms like NeuroSphere™, which use mobile apps and connected technologies for remote patient management and improved treatment adherence. The company also extends its smart device technology to consumer biowearables, as seen with its Lingo product for glucose monitoring and overall health tracking.
3. Koninklijke Philips N.V.
Headquarters: Netherlands
Koninklijke Philips N.V. is a significant player in the smart therapeutic devices market through its Connected Care segment, which focuses on AI-powered remote patient monitoring and connected solutions. The company offers integrated platforms, including its HealthSuite digital platform, that combine devices like non-invasive ventilators and CPAP/BiPAP machines with data analysis and AI to improve patient care in hospital and home settings. Philips leverages its expertise in respiratory and sleep care, medical device connectivity, and strategic partnerships to deliver advanced, patient-centric therapeutic solutions.
4. Dexcom
Headquarters: U.S.
Dexcom is a significant player in the smart medical devices market, particularly through its dominant presence in the continuous glucose monitoring (CGM) sector, holding a ~74% market share in the U.S. in 2024. The company's strategy involves integration with other health technologies, such as its partnership and investment in Oura's ring to link activity, sleep, and nutrition with glucose data. Dexcom also enables personalized therapy by integrating with automated insulin delivery systems like Tandem Diabetes Care's devices. These strategic moves position Dexcom at the forefront of the growing trend toward remote patient monitoring and personalized care within the smart therapeutic devices market.
Are you ready to discover more about the Smart Therapeutic Devices market?
The report provides an in-depth analysis of the leading companies operating in the global Smart Therapeutic Devices market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Medtronic
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Abbott
- Koninklijke Philips N.V.
- Dexcom
- Johnson & Johnson
- Boston Scientific
- GE HealthCare
- Siemens Healthineers
- F. Hoffmann-La Roche Ltd (Roche)
- Fitbit/Apple
- Others
Conclusion
The smart therapeutic devices are experiencing rapid expansion in the market, which is fuel from the increasing demand for patient-centered and data-driven healthcare solutions. These refined tools, which are integrated with healthcare IT infrastructure and leverage technologies such as IOT and AI, are important for management of chronic diseases, remote care facilities and treatment results. Major drivers for market development include increasing prevalence of chronic diseases, increasing aging population and a global change towards telemedicine and home healthcare. Additionally, assistant government policies and increased health care expenses and more market development are accelerating.
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