The global market valuation was determined by analyzing recurring software revenue, monitoring connected device shipments, and modeling ASP across hardware/software bundles. The methodology comprised the following:
Identification of over 50 key manufacturers in North America, Europe, Asia-Pacific, and Latin America, including traditional medical device multinationals, consumer health tech crossover entities, and connected sensor specialists
The following is a product mapping of diagnostic monitoring devices (continuous glucose monitors, smart ECG patches, connected inhalers), therapeutic devices (smart insulin pumps, automated insulin delivery systems, connected neurostimulators), and rehabilitation/portable devices (smart wound care sensors, connected orthopedic braces, medication adherence monitors).
An examination of the annual revenues of smart/connected device portfolios, which include hardware sales, SaaS subscription revenue, and remote monitoring service fees, as reported and modeled.
Manufacturers that account for 65-70% of the global market share in 2024 are included in the coverage.
Derive segment-specific valuations for wearable, implantable, and stationary smart device categories through extrapolation using bottom-up (device shipment volume × blended ASP by country, including hardware plus average 12-month software subscription) and top-down (manufacturer IoT/connected health revenue validation) approaches.