According to FutureWise analysis, the self-care medical devices market in 2025 is US$ 24.69 billion, and is expected to reach US$ 43.38 billion by 2033 at a CAGR of 7.3%. The rise in this sector is driven by heightened health awareness, an aging demographic, and the growing occurrence of chronic illnesses like diabetes and hypertension. Innovations in wearable technology, remote monitoring systems, and accessible diagnostic kits are enabling people to take charge of their health in a more proactive and independent manner.
Self-care medical devices are used by laypersons without the involvement of physicians, which includes nasal sprays, throat lozenges, dental implants and contact lens for eye etc. These devices are helpful in the monitoring of daily blood glucose levels, blood pressure and body temperatures. Currently, various self-care medical devices are available includes smart track devices, wearable devices like wrist watches can measure heartbeat, daily walking distance and also measures the daily sleeping hours etc., the main advantages of devices are cost-effective and reduces the patient burden in terms of a hospital visit for small medical conditions.
An increasing prevalence of chronic diseases has boosted the growth of self-care medical devices market. Self-care medical devices increase patient compliance and improve disease management. The recent advent of technologies led to the development of a smart tract for real-time monitoring of health conditions. Further, increasing awareness of the general population regarding self-care medical devices boosted the growth of the market. Self-care medical devices market is expected to witness a single-digit growth rate during the forecast period.
AI-Powered Diagnostics: The incorporation of artificial intelligence in diagnostic tools improves accuracy and personalization, allowing for early detection and enhanced disease management.