SELF-CARE MEDICAL DEVICES MARKET ANALYSIS

Self-care Medical Devices Market, by Product Type (Blood Glucose Monitors, Blood Pressure Monitors, Temperature Monitors, Holter Monitors, Pregnancy/Fertility Test Kits, Sleep Apnea Monitors, Nebulizers, and Pedometers), by End User (Home Care Settings and Rehabilitation Center), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Jul 2023
Code : CMI3957
Pages :167
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Self-care Medical Devices Market - Driver

Increasing product launches by key market players

Increasing product launches by key market players are expected to aid the growth of the global self-care medical devices market over the forecast period. For instance, in February 2022, InBody Pvt. Ltd., a medical technology company, launched InBody BP 170 blood pressure monitor, which provides patients with the option to self-record and track key health metrics at home.

Global Self-care Medical Devices Market: Restraint

Increasing product recalls by regulatory authorities.

Increasing product recalls by regulatory authorities are expected to hinder the market growth over the forecast period. For instance, in August 2021, Abbott, a medical technology company, announced that the U.S. Food and Drug Administration (FDA) recalled FreeStyle and FreeStyle Flash blood glucose meters, as they produce low blood sugar results incorrectly when used with FreeStyle or FreeStyle Lite blood glucose test strips.