Global Self-Care Medical Devices Market was valued at USD 20.7 billion in 2019 which is expected to reach USD 31 billion by 2027 at a CAGR 8.2 %.
Qualiket Research has launched a new report on the global self-care medical devices market. This report covers the latest market trends as well as the growth prospects of the global Self-Care Medical Devices Market for 2020-2027. This report is exhaustively researched and analyzed with the help of market players to improve their business strategies and ensure long-term success.
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Rise in healthcare awareness as well as rapid growth of infections and chronic diseases like asthma, diabetes, blood pressure, and others are considered as key driving factors which are expected to boost the global self-care medical devices market growth. Furthermore, increase in need for self-care and home based treatments due to hectic work schedule will positively contribute the market growth. Also, self-care devices offer various benefits such as maintenance of privacy, quick access, cost efficiency, and quick results for the diagnosis and treatment which expected to propel the market growth during this forecast period. Furthermore, continuous research and development activities in self care medical devices are anticipated as opportunities to the market during this analysis period.
Impact of COVID 19
Global self-care medical devices market will rise from COVID-19 pandemic at moderate growth rate during 2020 to 2027. This market report includes comprehensive information derived from in-depth analysis on self-care medical devices industry historical and forecast market data. To expand moderately as the continuous developments in global self-care medical devices market and impact of COVID 19 during this forecast period.
The global Self-Care Medical Devices Market has been segmented on the basis of type and end user. On the basis of type, the market has been segmented into Blood Glucose Monitors, Blood Pressure Monitors, Body Temperature Monitors, Nebulizers, Pedometers, Pregnancy/Fertility Test Kits, Sleep Apnea Monitors, Heart Rate Monitors, and Others. Based on end user, the market has been segmented into Adults, Geriatric, Pediatrics, and Pregnant Women.
Geographically, the global self-care medical devices market is segmented into five regions such as North America, Latin America, Asia Pacific, and Middle East and Africa.
North America held the largest revenue share owing to technologically advanced devices, and supportive government initiatives for early diagnosis of diseases are among some factors drive the market growth during this forecast period. High adoption of diagnostics, monitoring, therapeutic systems, for disease management is projected to bode well for regional growth.
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The top key players are profiled in this report including GE Healthcare, Bayer, Abbott, Roche, Omron, Medtronic, Philips Healthcare, and 3M Healthcare, ResMed, Inc. and Johnson & Johnson,
Key Features of the Report
- Global self-care medical devices market report covers in depth-analysis, market size, market share, and CAGR for the forecast 2019-2027.
- This research study also offer key insights about market driving factors, restraining factors, opportunities, new product launch, regional analysis, and strategies adopted by key players.
- Qualiket Research Report profiles key players based on following parameters such as Company overview, product portfolio, financial performance, geographical presence, key developments, and future plans.
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.