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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
The 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 heath 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.
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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.
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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?
Table Of Contents – Major Key Points
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
……..CONTINUED
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