Self-care Medical Devices Market Globally Expected to Drive Growth through 2031

Fact.MR’s self-care medical devices industry analysis shows that the global market was valued at US$ 13 Bn in 2020, and is projected to top US$ 20 Bn by 2031, expanding at a CAGR of 6%. Demand for blood pressure monitors is projected to reach a valuation of US$ 3 Bn by 2031, surging at an impressive CAGR of 8%, with that for holter monitors expanding at 5%.

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Key Segments Covered in Self-care Medical Devices Industry Research

By Product
Self-monitoring of Blood Glucose
Sleep Apnea Devices
Insulin Pumps

Body Temperature Monitors
Inhalers
Pedometers
Blood Pressure Monitors
Nebulizers
Male External Catheters
Holter Monitors

By End User
Self-care Medical Devices for Geriatrics
Self-care Medical Devices for Pediatrics
Self-care Medical Devices for Adults
Self-care Medical Devices for Pregnant Women

By Distribution Channel
Self-care Medical Devices Sold at Pharmacies
Self-care Medical Devices Sold through Online Stores
Self-care Medical Devices Sold at Supermarkets and Hypermarkets

The latest industry analysis and survey on Self-care Medical Devices provides sales outlook in 20+ countries, across key categories. Insights and outlook on Self-care Medical Devices market drivers, trends, and influencing factors are also included in the study.

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This report gives you access to decisive data such as:

• Demand of Self-care Medical Devices Market & Growth drivers
• Factors limiting Self-care Medical Devices market growth
• Current key trends of Self-care Medical Devices Market
• Market Size of Self-care Medical Devices and Self-care Medical Devices Sales projections for the coming years

Key Takeaways from Market Study
Valuation of self-care medical devices was estimated at US$ 13 Bn in 2020, and is expected to top US$ 20 Bn by 2031.
Key factors driving demand for self-care medical devices include new technological advancements and rising demand for homecare treatments.
North America holds close to 40% of the market share for self-care medical devices.
In China, demand for self-care medical devices was estimated at US$ 4 Bn in 2020, and is anticipated to expand at a CAGR of 9% over the coming ten years.
Demand for blood glucose monitors accounts for 58% of market share for self-care medical devices.
Global demand for blood pressure monitors is anticipated to reach a valuation of around US$ 3 Bn by 2031-end.

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The Market insights of Self-care Medical Devices will improve the revenue impact of businesses in various industries by:
• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Self-care Medical Devices Market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Self-care Medical Devices market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Self-care Medical Devices market .

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Competitive Landscape
Major players in the market are focused on launching new products to expand their product portfolio. In addition to that, manufacturers of these devices are making relentless efforts to offer portable and easy to use devices.

Portable and user-friendly devices are likely to encourage patients to adopt a more active role in keeping a track of their health. Furthermore, various awareness programs by medical associations are likely to assist in widening the scope of the global self-care medical devices market.

In June 2020, AireHealth, a developer of portable nebulizer that pairs with a smartphone app for remote monitoring, acquired BreathResearch, a respiratory health company, in order to develop its digital respiratory health platform.

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This release was published on openPR.