Global Self-care Medical Devices Market 2016-2020

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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