According to FutureWise analysis, the market for self-care medical devices in 2023 is US$ 22.3 billion, and is expected to reach US$ 42.26 billion by 2031 at a CAGR of 8.30%.
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.
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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 User
- Geriatric
- Paediatrics
- Adults
- Pregnant Women
By Region
- Europe
- North America
- Asia-Pacific
- Latin America
- Rest of World
Competitive Landscape in the Self-Care Medical Devices Market:
- 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 and Johnson
- ResMed, Inc.
- Omron Healthcare, Inc.
- Martifarm Ltd.
- OraSure Technologies, Inc.
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Self-Care Medical Devices Market By Type, By End-User and by Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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