Self-care Medical Devices Market Rapid Growth By top Players 3M Healthcare, Abbott Laboratories, Bayer AG, GE Healthcare, F .Hoffmann-La Roche, Johnson & Johnson, Medtronic, Inc., Omron Healthcare, Philips Healthcare

Self-care medical devices are products that help the patients in managing their ailments, and disorders at the comfort of their home. Such products include blood glucose monitors, sleep apnea monitors, temperature monitors, pedometers, and others. These devices come in variety of forms, and with variety of features.

PDF Brochure of This Business Research Report:
https://www.coherentmarketinsights.com/insight/request-pdf/3957

Global Self-care Medical Devices Market: Drivers

Approval and launch of new devices is expected to propel growth of the global self-care medical devices market over the forecast period. For instance, in April 2020, Axonics Modulation Technologies, Inc. received the U.S. Food & Drug Administration approval for its next generation rechargeable implantable neurostimulator, r-SNM System, under a premarket approval supplement.

Global Self-care Medical Devices Market: Opportunities

Increasing healthcare expenditure is expected to offer lucrative growth opportunities for players in the global self-care medical devices market. For instance, according to The Centers for Medicare & Medicaid Services, the U.S. health spending is projected to reach nearly US$ 6.0 trillion by 2027.

Market Trends

Self-care medical devices are currently regulated by Council Directive 93/42/EEC concerning medical devices. However, in May 2020, this Directive will be replaced by Regulation (EU) 2017/745 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC.

The market has witnessed increasing adoption of smartphone-based pedometers, due to increasing use of smartphones. For instance, according to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.

Request For Customization Of This Business Research Report:
https://www.coherentmarketinsights.com/insight/request-customization//3957

Global Self-care Medical Devices Market: Competitive Landscape

Major players operating in the global Self-care Medical Devices Market include, 3M Healthcare, Abbott Laboratories, Bayer AG, GE Healthcare, F .Hoffmann-La Roche, Johnson & Johnson, Medtronic, Inc., Omron Healthcare, Philips Healthcare, and ResMed, Inc.

Global Self-care Medical Devices Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in October 2019, OMRON Healthcare, Inc. launched newly redesigned models of its blood pressure monitors with new features

Segmentation

By Product Type
Blood Glucose Monitors
Blood Pressure Monitors
Temperature Monitors
Holter Monitors
Pregnancy/Fertility Test Kits
Sleep Apnea Monitors
Nebulizers
Pedometers

Apply Promo Code “STAYHOME” and Get Up to 30% Discount

Buy This Complete A Business Report:
https://www.coherentmarketinsights.com/insight/buy-now/3957

Coherent Market Insights 1001 4th Ave,
#3200 Seattle, WA 98154,U.S.
Phone: US +1-206-701-6702/UK +44-020 8133 4027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.