Self-Care Medical Devices Market Report: Trends, Forecast and Competitive Analysis to 2030

Self-Care Medical Devices Trends and Forecast

The future of the global self-care medical device market looks promising with opportunities in the geriatric, paediatric, adult, and pregnant women markets. The global self-care medical device market is expected to reach an estimated $31.9 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing cases of chronic diseases, rising healthcare awareness among consumers, and on-going advancement in the wearable technology.

A more than 150-page report is developed to help in your business decisions.

Self-Care Medical Devices by Segment

The study includes a forecast for the global self-care medical devices by type, end use, and region.

Self-Care Medical Devices Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Blood Glucose Monitors
• Blood Pressure Monitors
• Body Temperature Monitors
• Nebulizers
• Pedometers
• Pregnancy or Fertility Test Kits
• Sleep Apnea Monitors
• Heart Rate Monitors
• HIV Test Kits
• Others

Self-Care Medical Devices Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Geriatric
• Paediatrics
• Adults
• Pregnant Women

Self-Care Medical Devices Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Self-Care Medical Devices Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies self-care medical devices companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the self-care medical devices companies profiled in this report include-

• Medtronic
• Koninklijke Philips
• Bayer Healthcare
• General Electric
• F. Hoffmann-La Roche
• Johnson & Johnson
• Resmed
• Omron Healthcare
• Orasure Technologies
• Abbott

Self-Care Medical Devices Market Insights

Lucintel forecast that blood glucose monitors will remain the largest segment over the forecast period due to increasing number of people diagnosed with diabetes and growing awareness about diabetes management across the globe.

Geriatric will remain the largest segment due to the increasing geriatric population who often has higher healthcare needs, including the use of self-care medical devices.

North America will remain the largest region over the forecast period due to the growing product launches supported by the government authorities, the increasing burden of chronic diseases and the rising geriatric population in the region.

Features of the Global Self-Care Medical Device Market

Market Size Estimates: Self-care medical devices market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Self-care medical devices market size by type, end use, and region. in terms of value ($B).

Regional Analysis: Self-care medical devices market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and region.s for the self-care medical devices market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the self-care medical devices market

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the self-care medical devices market size?

Answer: The global self-care medical device market is expected to reach an estimated $31.9 billion by 2030.

Q.2. What is the growth forecast for the self-care medical devices market?

Answer: The global self-care medical device market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the self-care medical devices market?

Answer: The major drivers for this market are growing cases of chronic diseases, rising healthcare awareness among consumers, and on-going advancement in the wearable technology.

Q.4. What are the major segments for the self-care medical devices market?

Answer: The future of the global self-care medical device market looks promising with opportunities in the geriatric, paediatric, adult, and pregnant women markets.

Q.5. Who are the key self-care medical devices market companies?

Answer: some of the key self-care medical devices companies are as follows:

• Medtronic
• Koninklijke Philips
• Bayer HealthCare
• General Electric
• F. Hoffmann-La Roche
• Johnson & Johnson
• ResMed
• Omron Healthcare
• OraSure Technologies
• Abbott

Q.6. Which self-care medical devices market segment will be the largest in future?

Answer: Lucintel forecast that blood glucose monitors will remain the largest segment over the forecast period due to increasing number of people diagnosed with diabetes and growing awareness about diabetes management across the globe.

Q.7. In self-care medical devices market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the growing product launches supported by the government authorities, the increasing burden of chronic diseases and the rising geriatric population in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the self-care medical device market by type (blood glucose monitors, blood pressure monitors, body temperature monitors, nebulizers, pedometers, pregnancy or fertility test kits, sleep apnea monitors, heart rate monitors, HIV test kits, and others), end use (geriatric, paediatrics, adults, and pregnant women), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?