DUBLIN--(BUSINESS WIRE)--The "Self-Care Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global self-care medical devices market size reached US$ 21.0 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 32.2 Billion by 2027, exhibiting a CAGR of 7.38% during 2021-2027.
Companies Mentioned
- Johnson & Johnson
- Medtronic
- Abbott Laboratories
- Bayer HealthCare
- Koninklijke Philips
- General Electric Company
- F. Hoffmann-La Roche AG
- ResMed
- Omron Healthcare
- Martifarm
- OraSure Technologies
- Baxter
- B. Braun Melsungen
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Self-care medical devices are used for monitoring and maintaining vital parameters of patients such as blood sugar level, blood pressure and heart rate. These devices can be used by the patients themselves and do not require the presence of a medical professional. The electrical variants of self-care medical devices display physiological information at regular intervals using sensors and other input devices that are attached to the patient. They provide cost-effective, periodical check-ups to the patients and help with the timely diagnosis of an ailment.
Owing to the growing prevalence of chronic and lifestyle diseases, such as cardiovascular diseases (CVD) and diabetes, along with increasing health awareness among consumers, there has been a rise in the demand for devices that can continuously track the physical well-being of patients.
Furthermore, consumer awareness regarding the advantages of self-care medical devices and the benefits of keeping a regular check on health irregularities in increasing worldwide. As these devices help in significantly reducing the chances of contracting any severe disease, there has been significant growth in their sales.
Additionally, manufacturers are taking initiatives to produce devices that are portable and can be used by patients of all age groups. Advancements in the wearable technology, coupled with the incorporation of sensors to gauge physiological changes more accurately, are also augmenting the products demand. Increasing geriatric population and rising disposable incomes, along with salient characteristics of these devices such as maintenance of privacy, quick access and timely diagnostic reports, are some of the other factors catalyzing market growth.
Key Questions Answered in This Report:
- How has the global self-care medical devices market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global self-care medical devices industry?
- What has been the impact of COVID-19 on the global self-care medical devices industry?
- What is the breakup of the market based on the device type?
- What is the breakup of the market based on the end-user?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the global self-care medical devices industry?
- What are the key driving factors and challenges in the global self-care medical devices industry?
- What is the structure of the global self-care medical devices industry and who are the key players?
- What is the degree of competition in the global self-care medical devices industry?
- What are the profit margins in the global self-care medical devices industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Self-Care Medical Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Device Type
5.5 Market Breakup by End-User
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Device Type
7 Market Breakup by End-User
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
13.1 Key Price Indicators
13.2 Price Structure
13.3 Margin Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/dx0wg9
