Self-care medical devices help patients to take care of their health at home without assistance and guidance of healthcare professionals. Devices like blood pressure monitors, pulse oximeters, thermometers, and glucose meters help patients regularly monitor their vital parameters. The increasing focus on preventive healthcare and rising awareness about health and wellness have boosted the adoption of self-care medical devices.
The global self-care medical devices Market is estimated to be valued at US$ 22.3 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The self-care medical devices market has been witnessing robust growth driven by rising health awareness among the general population. With growing health consciousness, people are increasingly taking responsibility for their health by closely monitoring vital parameters such as blood pressure, blood glucose, body temperature etc. through self-care medical devices. This helps them to identify potential health issues at an early stage and seek timely medical assistance. The increasing accessibility and affordability of self-care medical devices has further fueled their adoption. Devices are now easier to use and more affordable which has boosted self-monitoring habits especially in developing regions. Advanced technologies are also driving new product innovations in self-care medical devices for improved functionality and ease of use.
Segment Analysis
The global self-care medical devices market is dominated by diagnostic and monitoring devices segment, which accounts for around 45% share of the total market. Devices such as glucometers, cardiovascular monitors, pregnancy/fertility test kits, and cholesterol monitors are extensively used for diagnosing and monitoring health issues from the comfort of home. Rising cases of chronic diseases worldwide and growing preference for remote monitoring are fueling demand for these devices.
Key Takeaways
The global self-care medical devices market is expected to witness high growth in the coming years. Factors such as increasing incidence of lifestyle diseases, rising medical costs, growing geriatric population, and technological advancements are expected to drive the demand for self-care medical devices.
The Global Self-Care Medical Devices Market Demand is estimated to be valued at US$ 22.3 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030.
Regional analysis
North America currently dominates the global market and is expected to continue its dominance over the forecast period. High healthcare spending, early adoption of advanced technologies, and presence of major players in the region are some of the key factors supporting the growth of self-care medical devices market in North America. Asia Pacific is expected to witness the highest growth over the coming years on account of rapidly growing geriatric population, increasing prevalence of chronic diseases, and rising medical tourism in countries such as China, India, and South Korea.
Key players
Key players operating in the self-care medical devices market include Heraeus Holding, Ossila Limited, Nanoshel LLC, Nagase ChemteX Corporation, Suzhou Yacoo Science Co., Ltd., Agfa-Gevaert N.V., and Qingdao Topwell Chemical Materials Co., Ltd. Heraeus Holding is one of the leading players focusing on developing innovative diagnostic devices such as glucometers and pregnancy test kits. Ossila Limited is a UK-based company offering a diverse range of self-care medical devices for measuring parameters like blood pressure, body temperature, and pulse oximetry.
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Global Self-care Medical Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Self-care Medical Devices Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/646-self-care-medical-devices-industry-market-reportThe report also covers the complete competitive landscape of the global Self-care Medical Devices market with company profiles of key players such as: Medtronic plc.Koninklijke Philips N.V.Bayer HealthCare LLCGeneral Electric CompanyF.
Hoffmann-La Roche AGJohnson & JohnsonResMed, Inc.Omron Healthcare, Inc.Martifarm Ltd.OraSure Technologies, Inc.The detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeBlood Glucose MonitorsBlood Pressure MonitorsBody Temperature MonitorsNebulizersPedometersPregnancy/Fertility Test KitsSleep Apnea MonitorsHeart Rate MonitorsHIV Test KitsOthersBy End UsersGeriatricPaediatricsAdultsPregnant WomenBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Self-care Medical Devices Market @ https://www.decisiondatabases.com/contact/download-sample-646The Global Self-care Medical Devices Market has been exhibited in detail in the following chapters –Chapter 1 Self-care Medical Devices Market Preface Chapter 2 Executive SummaryChapter 3 Self-care Medical Devices Industry AnalysisChapter 4 Self-care Medical Devices Market Value Chain AnalysisChapter 5 Self-care Medical Devices Market Analysis By TypeChapter 6 Self-care Medical Devices Market Analysis By End UsersChapter 7 Self-care Medical Devices Market Analysis By GeographyChapter 8 Competitive Landscape Of Self-care Medical Devices CompaniesChapter 9 Company Profiles Of Self-care Medical Devices IndustryPurchase the complete Global Self-care Medical Devices Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-646Other Reports by DecisionDatabases.com:Global Implantable Medical Devices Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Nitinol Medical Devices Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global 3D Printing Medical Devices Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Self-care medical devices are used for monitoring and measuring various vital parameters of a patient.
Some of the most commonly used self-care medical devices are sleep apnea monitors, nebulizers, pedometers, pregnancy/fertility test kits, Holter monitors, temperature monitors, blood pressure monitors, and blood glucose monitors.
Such medical devices play an important role in monitoring heart rate, blood sugar level, hypertension, and other conditions.
Self-care medical devices help patients to manage their ailments at the comfort of their home.
These devices are available in variety of forms with a variety of features.One of the big changes we see today is the growing number of individuals who are self-care practitioners.
A primary reason for this is that the medical industry has become more reliant on diagnosing and treating disease using highly technical means and expensive equipment.
