PUBLISHER: Grand View Research | PRODUCT CODE: 1771515
PUBLISHER: Grand View Research | PRODUCT CODE: 1771515
Smart Diagnostics & Monitoring Devices Market Summary
The global smart diagnostics and monitoring devices market size was estimated at USD 13.42 billion in 2024 and is projected to reach USD 26.14 billion by 2030, growing at a CAGR of 11.96% from 2025 to 2030. This growth is driven by the rising demand for real-time health monitoring and the increasing burden of chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders.
The expanding adoption of blood glucose monitors, wearable ECGs, and smart thermometers reflects a broader shift toward personalized and preventive healthcare. Technological advancements, particularly in embedded sensors, AI-enabled analytics, and wireless connectivity, have enabled seamless integration of devices like smart clothing, contact lenses, and medical tricorders into consumer health ecosystems. The global increase in chronic conditions such as diabetes, hypertension, and cardiovascular diseases is a significant driver for the smart diagnostics and monitoring devices industry. These conditions require continuous management and monitoring, leading to a higher demand for advanced diagnostic tools. For instance, in December 2024, the World Health Organization reported that chronic diseases are responsible for 75% of all deaths globally, highlighting the urgent need for effective diagnostic and monitoring solutions.
The rising incidence of diabetes, driven by factors such as aging, obesity, and unhealthy lifestyles, is significantly the growth of the blood glucose monitoring devices market. Obesity, in particular, is a leading contributor to the development of diabetes. According to the World Health Organization (WHO), over 1 billion people will be classified as obese in 2022, including 650 million adults, 340 million adolescents, and 39 million children, a figure that continues to rise. If current trends continue, WHO projects that by 2025, around 167 million individuals, both adults and children, will face worsening health issues linked to excess weight.
Progress in mobile-based blood pressure monitoring technology is anticipated to fuel the market growth significantly. Companies are prioritizing the development of innovative, affordable, and easy-to-use solutions that meet the requirements of both patients and healthcare professionals. Enhancements in devices such as digital sphygmomanometers are central to this advancement. For instance, in July 2024, Smart Meter launched the first cellular-connected blood pressure monitor, tailored explicitly for remote patient monitoring and chronic care management through cellular networks.
Global Smart Diagnostics And Monitoring Devices Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global smart diagnostics and monitoring devices market report based on product, distribution channel, end-use, and region: