Global Self-Care Medical Devices Market to Grow at CAGR of 7.0% from 2013 to 2019

Self-care medical devices are those devices that have a physical mode of action to treat and prevent medical conditions such as hypertension, diabetes, obstructive sleep apnea and others. Healthcare is moving towards a precision based model of personal care.

Self-care medical devices play a major role in providing personal care that ultimately helps the patients or individuals to manage episodic acute conditions and chronic illnesses. It is a primary form of care for various chronic diseases namely cardiovascular, blood pressure, diabetes and others. It is referred to as an action that contributes in maintaining personal health with the use of various self-monitoring devices.

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Rising emphasis on preventive medicine is expected to widen the market for self-care medical devices. These self-monitoring devices measure, monitor, display and document psychological information obtained at regular intervals from patient. The potential to reduce healthcare complications is expected to create significant demand for self-care monitoring devices such as heart rate monitors, blood glucose monitors, blood pressure monitors, sleep apnea monitors and nebulizers.

Transparency Market Research, a leading U.S. based market research firm analyzes the global market for self-care medical devices and estimates a CAGR of 7.0% for the period 2013 to 2019.

Cardiovascular conditions, rising blood glucose levels and blood pressure levels require continuous monitoring that ultimately propels the demand for self-care medical devices. These diseases require regular monitoring and visits to healthcare centers that inflate medical expenses. Thus, self-care medical devices are seeing fast adoption by consumers, to measure parameters on a regular basis and also cut down medical costs and save time.

Self-care medical devices mainly includeblood pressure monitors, blood glucose monitors, sleep apnea monitors, body temperature monitors, pregnancy/fertility test kits, heart rate monitors, nebulizers and pedometers. These are used as primary care devices by patients, that enables a shift of treatment from hospital to home based healthcare. Factors such as increase in incidence rate of chronic diseases, rise in obese population, diabetes and hypertension are also accentuating the growth of self-care medical devices market.

In addition, the need to provide high quality devices at lower rate is the latest trend observed in the area of self-monitoring and diagnostics. The demand for self-care medical devices is increasing with more number of patients preferring to monitor specific diseases at home.

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Rapid advancements in self-care medical devices, namely, nebulizers, blood pressure monitors, heart rate meters and blood glucose monitors are contributing to the growth of this market. Also, remote communication technology that allows healthcare professionals to support the use of self-care devices is further increasing the uptake of self-care medical devices.

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