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 various features. Self-care medical devices are used for measuring and monitoring various vital parameters of a patient. These devices play an important role in monitoring blood sugar level, heart rate, hypertension, and other conditions. Blood glucose monitors, blood pressure monitors, temperature monitors, holter monitors, pregnancy/fertility test kits, sleep apnea monitors, nebulizers, and pedometers are some of the most commonly used self-care medical devices. Self-care medical devices are used for measuring and monitoring various vital parameters of patients. General medical conditions such as hypertension, diabetes, fever, and other such conditions require regular monitoring. Self-care medical devices support patients by monitoring and managing the illness. These devices are used for monitoring the body temperature, blood pressure, and daily blood glucose levels.

Market Dynamics

Increasing product approvals by regulatory authorities are expected to drive the global self-care medical devices market growth over the forecast period. For instance, in February 2021, Axonics, Inc., a medical technology company, announced the U.S. Food and Drug Administration (FDA) approval of third-generation implantable neurostimulator, manufactured by Axonics, for the treatment of urinary and bowel dysfunction. The third-generation implantable neurostimulator system upgrades the embedded software in the implantable inhibitory neurotransmitter and the functionality of the patient remote control. These modifications give patients the ability to make broader stimulation parameter adjustments at home.

Key features of the study:

• This report provides an in-depth analysis of the global self-care medical devices market, and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global self-care medical devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include 3M, Abbott, Bayer AG, F. Hoffmann-La Roche Ltd, Inc., GE Healthcare, Johnson & Johnson Services, Inc., Medtronic, OMRON Healthcare, Inc., ResMed, Advin Health Care, Koninklijke Philips N.V., NeuroPace, Inc., Natus Medical Incorporated, and Fisher & Paykel Healthcare Limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type upgrade, market expansion, and marketing tactics
• The global self-care medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global self-care medical devices market

Detailed Segmentation:

• Global Self-care Medical Devices Market, Product Type:
  • Blood Glucose Monitors
  • Blood Pressure Monitors
  • Temperature Monitors
  • Holter Monitors
  • Pregnancy/Fertility Test Kits
  • Sleep Apnea Monitors
  • Nebulizers
  • Pedometers
• Global Self-care Medical Devices Market, By End User:
  • Home Care Settings
  • Rehabilitation Center
• Global Self-care Medical Devices Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    
    • South Africa
    • Central Africa
    • North Africa
• Company Profiles
  • 3M
  • Abbott
  • Bayer AG
  • F.Hoffmann-La Roche Ltd
  • GE Healthcare
  • Johnson & Johnson Services, Inc.
  • Medtronic
  • OMRON Healthcare, Inc.
  • ResMed
  • Advin Health Care
  • Koninklijke Philips N.V.
  • NeuroPace, Inc.
  • Natus Medical Incorporated
  • Fisher & Paykel Healthcare Limited