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Global Self-care Medical Devices Market 2016-2020

  • Published: Apr 2016
  • Pages: 106
  • SKU: IRTNTR8908
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This market research study offers a comprehensive analysis of the global self-care medical devices market by application (SMBG, peritoneal dialysis, sleep apnea, insulin pumps, body temperature monitors, inhalers, pedometers, blood pressure monitors, nebulizers, male external catheters, and Holter monitors), and by geography (the Americas, APAC, and EMEA). Major vendors in this market are Abbott, Johnson & Johnson (J&J), Medtronic, Omron, Philips, and Roche Diagnostics.

Overview of the global self-care medical devices market

Technavio’s market research analyst predicts that the global self-care devices market will grow at a steady CAGR of approximately 9% during the forecast period. Factors such as public awareness have resulted in the need for self-care devices. Increased knowledge of one’s health condition and the advantages of using devices like insulin pumps and glucose monitors have played a significant role in market demand. Moreover, device manufacturers are focused on offering easy to use and portable devices so that patients can take a more active role in monitoring their health. Additionally, awareness programs by various medical associations will help to increase the market growth of self-care medical devices during the forecast period.

Advances in technology have played a significant role in product innovation and also ease of use. Current market trends show that wearable technology has made it easier for consumers to not only use devices regularly but also monitor their health status. For instance, insulin pumps have changed significantly over the last decade. These pumps help to deliver the right amount of glucose to a diabetic and stop when the threshold is reached. Sensors continually monitor a patient and indicate low blood glucose levels. Such advancements are expected to fuel the growth of the devices market for many health conditions during the forecast period.

Segmentation by application and analysis of the self-care medical devices market

  • Self-monitoring of blood glucose (SMBG)
  • Peritoneal dialysis
  • Sleep apnea
  • Insulin pumps
  • Body temperature monitors
  • Inhalers
  • Pedometers
  • Blood pressure monitors
  • Nebulizers
  • Male external catheters
  • Holter monitors

During 2015, the SMBG devices segment of the self-care devices market accounted for the largest market share and is expected to generate revenues of close to USD 17 billion by the end of the forecast period. An increased incidence of diabetes in adults and children alike globally is driving the demand for more SMBG devices. 

Geographical segmentation and analysis of the self-care medical devices market

  • Americas
  • APAC
  • EMEA

The global self-care medical care devices market will be dominated by the Americas with a market share of close to 46%. Factors fueling market growth are health issues like diabetes, respiratory disorders, incontinence among the elderly and other chronic illnesses. Ordering these devices is very easy due to online retailing, increased consumer awareness and reimbursement for use by insurance carriers. Moreover, the sales of self-monitoring medical devices products in the US have increased due to the growing awareness about chronic diseases such as CVDs, CKD, diabetes, ERSD, and obesity, which had led many individuals to undergo regular tests and check-ups.

Competitive landscape and key vendors

The self-care medical devices market is saturated with the presence of many international and regional vendors.  Regional players are finding it difficult to compete with well-established vendors due to factors like price, technology and product quality. Competition is expected to intensify on the basis of product extensions, innovation and mergers.

Key vendors in this market are -

  • Abbott
  • Johnson & Johnson (J&J)
  • Medtronic
  • Omron
  • Philips
  • Roche Diagnostics

Other prominent vendors in this market are Animas, Arkray, B. Braun Melsungen, Baxter, BioDerm, Bionime, Bioptik Technology, Chongqing Haray International Business, Coloplast, Consort Medical, DaVita Healthcare, Dexcom, Diversified Specialty Institue Holdings, Fitbit, Garmin, Gerresheimer, Gluco-Ease, GlySens, Grove Instruments, Hollister, Huaren Pharmaceutical, IA Collaborative, Insulet, Integrity Applications, Jawbone, LabStyle Innovations, LifeWatch DigiTrack, M Pharmaceutical, Medical Components, Medisana, MicroPort, MidMark, Mortara Instrument, Nike, Nipro, Nipro Diagnostics, Nova Biomedical, NxStage Medical, NYPRO, OrSense, PARI Medical Holding, QRS Diagnostic, RPC BRAMLAGE, Scottcare, Senseonics, Sterimed, Sunrising Enterprise, Tandem, Tekcapital, Valeritas, Welch Allyn, and Wuhan HNC Technology.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global self-care medical devices market?
  • What are the key market trends impacting the growth of the global self-care medical devices market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global self-care medical devices market?
  • What are the market opportunities and threats faced by the vendors in the global self-care medical devices market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global self-care medical devices market?

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Table of Contents

PART 01:  Executive summary

PART 02:  Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03:  Market research methodology

  • Research methodology
  • Economic indicators

PART 04:  Introduction

  • Key market highlights

PART 05:  Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06:  Market segmentation by application

  • Global self-care medical devices market by product type
  • SMBG
  • PD
  • Sleep apnea devices
  • Insulin pumps
  • Body temperature monitors
  • Inhalers
  • Pedometers
  • Blood pressure monitors
  • Nebulizers
  • Male external catheters
  • Holter monitors

PART 07:  Global SMBG devices market

  • Market overview
  • Market size and forecast

PART 08:  Global PD market

  • Market overview
  • Market size and forecast

PART 09:  Global sleep apnea devices market

  • Market overview
  • Market size and forecast

PART 10:  Global insulin pumps market

  • Market overview
  • Market size and forecast

PART 11:  Global body temperature monitors market

  • Market overview
  • Market size and forecast

PART 12:  Global inhalers market

  • Market overview
  • Market size and forecast

PART 13:  Global pedometers market

  • Market overview
  • Market size and forecast

PART 14:  Global blood pressure monitors market

  • Market overview
  • Market size and forecast

PART 15:  Global nebulizers market

  • Market overview
  • Market size and forecast

PART 16:  Global male external catheter market

  • Market overview
  • Market size and forecast

PART 17:  Global Holter monitors market

  • Market overview
  • Market size and forecast

PART 18:  Geographical segmentation

  • Global self-care medical devices market by geography
  • Self-care medical devices market in Americas
  • Self-care medical devices market in EMEA
  • Self-care medical devices market in APAC

PART 19:  Market drivers

  • Increased incidence of chronic diseases and rise in older population
  • Rise in public awareness
  • Growing use of home healthcare devices
  • Rise in disposable income levels and living standards

PART 20:  Impact of drivers

PART 21:  Market challenges

  • High cost of self-care medical devices
  • Inadequate reimbursements
  • Lack of patient compliance
  • Intense competition among vendors

PART 22:  Impact of drivers and challenges

PART 23:  Market trends

  • Advances in technology
  • Increase in online purchasing
  • Untapped market in emerging countries
  • Growing preference among active athletes
  • Increased adoption of multi-parameter medical devices
  • Launch of Holter monitors with novel features

PART 24:  Vendor landscape

  • Competitive scenario
  • Market share analysis
  • Abbott Laboratories
  • Johnson & Johnson
  • Medtronic
  • Omron Healthcare
  • Philips Healthcare
  • Roche Diagnostics
  • Other prominent vendors

PART 25:  Appendix

  • List of abbreviations

PART 26:  Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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