The global self-care medical devices market is estimated to be USD 10.5 billion in 2012 and is expected to reach USD 16.8 billion by 2019, growing at a CAGR of 7.0% from 2013 to 2019.
Albany, NY -- (SBWIRE) -- 09/21/2016 -- Self-care medical devices are those devices that are used for measuring and monitoring various vital parameters of a patient. These devices play an important role in monitoring blood sugar level, heart rate, hypertension and other conditions. With increasing healthcare awareness, the demand for self-care medical devices is also expected to increase during the forecast period. In addition, technological advancements and increasing disposable income are the key factors accentuating the growth of self-care medical devices market globally. Rising trend of regular personal monitoring and emphasis on preventive medicine will also further drive the demand for automated and self-care devices during the forecast period. The demand for self-care medical devices is increasing with more number of patients preferring to monitor specific diseases at home. Rapid advancements in self-care medical devices namely blood glucose monitors, blood pressure monitors, nebulizers and heart rate meters are contributing to the growth of this market. Also, remote communication technology that allows healthcare professionals to support the use of self-care is further increasing the uptake of self-care medical devices.
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The market for self-care medical devices is segmented as blood glucose monitors, blood pressure monitors, temperature monitors, holter monitors, pregnancy/fertility test kits, sleep apnea monitors, nebulizers and pedometers. This report also explains various technological advancements taking place in each segment. The report includes market estimations of the global self-care medical devices market in terms of value (USD million) for the period 2013 – 2019, considering 2012 as the base year. In addition, current market trends and recent developments are taken into consideration while determining the growth rate of the global self-care medical devices market. The report provides market size and forecasts for each segment and geographic region with CAGR % for the period from 2013 to 2019.
The market is also forecasted in terms of value (USD million) for the period 2013 – 2019 for four major geographic regions, namely North America, Europe, Asia-Pacific and Rest of the World (RoW). The market overview section of the report discusses the market dynamics that include drivers, restraints and opportunities influencing the market. In addition, major events have also been discussed in the section that have boosted the growth of the market and expected to further propel the growth during the forecast period. Also, this section covers market attractiveness analysis (by geography) for the year 2012 and Porter's five forces analysis for the global self-care medical devices market. Market share (%) by revenue for the major players operating in this market has also been provided for the year 2012 in the competitive landscape section, followed by a list of recommendations for the existing and new players. In addition, the report also profiled key players of the market on various parameters such as business overview, financial overview, product portfolio, business strategies and recent developments of the respective company.
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Some of the key market players of the global self-care medical devices market include 3M Healthcare, Abbott Laboratories, GE Healthcare, Medtronic, Inc., Johnson and Johnson, Philips Healthcare and others. Market players are profiled in this report on the basis of attributes such as company overview, financial overview, business strategies adopted by the companies to ensure sustainability and maximize profits, product portfolio and recent developments.
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