Overview

Self-Care Medical Devices Market Introduction

Self-care medical devices market value is estimated to reach over USD $ 30 billion by 2027 end, registering a CAGR over 8% during the forecast period of 2020-2027.

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.

The Asia Pacific is expected to create a lucrative market for self-care medical devices manufactures. Along with this, changing lifestyle patterns and growing awareness is expected to create a high growth rate during the forecast period. North America and Europe Self-Care Medical Devices markets account major share in the global market due to high penetration among the general population. Latin America and Rest of the world market are expected to witness significant growth rate during the forecast period during increasing market player’s presence in these regions.

Major market players include
Medtronic, Depuy Synthes, Fresenius Medical Care, Philips Healthcare, GE Healthcare, Siemens Healthineers, Cardinal Health, Stryker, Koninklijke Philips N.V., Bayer HealthCare LLC, General Electric Company,F. Hoffmann-La Roche AG, Johnson & Johnson, ResMed, Inc., Omron Healthcare, Inc., Martifarm Ltd., OraSure Technologies, Inc.

Self-Care Medical Devices Market Segmentation:

By Type

Blood Glucose Monitors
Blood Pressure Monitors
Body Temperature Monitors
Nebulizers
Pedometers
Pregnancy/Fertility Test Kits
Sleep Apnea Monitors
Heart Rate Monitors
HIV Test Kits
Others

By End Users

Geriatric
Paediatrics
Adults
Pregnant Women

By Region

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on global self-care medical devices market by type, by end-user and region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies