This report was recently updated on April 18 2024 with the latest and most recent
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Global Self-Care Medical Devices Market Size, Trends & Analysis - Forecasts To 2026 By Type (Blood Pressure Monitors, Powder Thickeners, Body Temperature Monitors, Nebulizers, Pedometers, Pregnancy/Fertility Test Kits, Sleep Apnea Monitors, Heart Rate Monitors, HIV Test Kits, Other), By End User (Geriatric, Pediatrics, Adults, Pregnant Women, Others), By Region (North America, Europe, Asia Pacific, CSA, MEA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Self-Care Medical Devices Market Insights
The global self-care medical devices market is estimated to witness a high CAGR during the forecast period (2020-2026). Self-care medical devices assist in better patient compliance and improvement in the disease management. General medical conditions such as hypertension, diabetes, and fever, among others require regular monitoring. Self-care medical devices support patients to monitor and manage the illness. Increasing healthcare awareness, and rapid growth of infections & chronic diseases such as diabetes, asthma, and blood pressure among others is driving the market growth. Rising need for self-care and home-based treatments and decrease in doctor visits are some of the major factors expected to propel the market growth for self-care medical devices.
Self-Care Medical Devices Market: By Type
On the basis of type, the global self-care medical devices market is segmented into blood pressure monitors, powder thickeners, body temperature monitors, nebulizers, pedometers, pregnancy/fertility test kits, sleep apnea monitors, heart rate monitors, and HIV test kits, among others. The blood pressure monitors are expected to hold the largest market share during the forecast period. The changing lifestyle, poor dietary habits coupled with growing geriatric population are driving the market for blood pressure monitors.
Self-Care Medical Devices Market: By Region
On the basis of region, the global self-care medical devices market is divided into North America, Europe, Asia Pacific, Middle East Africa and Central & South America. North America region is expected to hold the largest market share in the global self-care medical devices market. The rising incidence of cardiovascular and respiratory diseases are the major factors driving the market growth of self-care medical devices in the North American region. Preference for home based healthcare monitoring has led to reduction of frequent visits to clinics and hospitals. Increasing investments in healthcare infrastructure by the government and private sector is anticipated to fuel the market growth in the U.S. and Canada. Asia Pacific region is expected to grow at a highest CAGR during the forecast period. Growing population along with sedentary lifestyle and rising stress levels are driving the market growth in the region. A high prevalence of diabetes and cardiovascular diseases in middle income nations, as compared to that in high-income nations, and adoption of self-care medical procedures is also driving the market growth in the region.
Self-Care Medical Devices Market Share & Competitor Analysis
Some of the key players operating in the Self-Care Medical Devices market are Medtronic Plc., 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., Abbott Laboratories, Koninklijke Philips, General Electric Company, and F. Hoffmann-La Roche AG among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Self-Care Medical Devices Market Report
Self-Care Medical Devices Market: By Type
Self-Care Medical Devices Market: By End User
Self-Care Medical Devices Market: By Region
The global Self-Care Medical Devices Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Self-Care Medical Devices Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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