Self-Care Medical Devices Market Size, Share, Competitive Insights, Opportunity Analysis, and Trends 2023-2030 | According to RationalStat
The global self-care medical devices market is projected to reach US$ 30.5 billion by 2030, at a CAGR of 6.7%.
Wilmington, Delaware, Oct. 18, 2023 (GLOBE NEWSWIRE) —
Global Self-Care Medical Devices Market: Segmental and Market Share Analysis
- On the basis of the type, the blood pressure monitor segment is anticipated to capture the major market share due to the rising prevalence of stress, and anxiety among the younger as well as the adult population.
- Based on the application, adults are anticipated to cover a significant market share as the geriatric population is more prone to blood pressure and blood glucose related issues.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 19.5 billion |
| Market Size Forecast | US$ 30.8 billion |
| Growth Rate | 6.7% |
| Dominant Segment | Blood Pressure Monitors |
| Leading Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the self-care medical devices market include,
- In February 2022, InBody introduced the new BP 170 automatic blood pressure monitor, which provides individuals with the option to self-record and track key health metrics at home.
- In May 2021, CardieX launched a new subsidiary called Conneqt was devoted to developing blood pressure monitoring devices for at-home and on-the-go use.
Some of the prominent players and suppliers operating and contributing significantly to the self-care medical devices market growth include Medtronic plc., Koninklijke Philips N.V., Bayer HealthCare LLC, General Electric Company, Hoffmann-La Roche AG, Johnson & Johnson, ResMed, Inc, Omron Healthcare, Inc., OraSure Technologies Inc., and Abbott Inc., among others.
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RationalStat has segmented the self-care medical devices market based on type, application, and region
- Global Self-Care Medical Devices Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Blood Glucose Monitors
- Blood Pressure Monitors
- Body Temperature Monitors
- Nebulizers
- Pedometers
- Pregnancy/Fertility Test Kits
- Others
- Global Self-Care Medical Devices Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Geriatric
- Paediatrics
- Adults
- Pregnant Women
- Global Self-Care Medical Devices Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Self-Care Medical Devices Market
- US
- Canada
- Latin America Self-Care Medical Devices Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Self-Care Medical Devices Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Self-Care Medical Devices Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Self-Care Medical Devices Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Self-Care Medical Devices Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Self-Care Medical Devices Market
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Key Questions Answered in the Self-Care Medical Devices Report:
- What will be the market value of the self-care medical devices market by 2030?
- What is the market size of the self-care medical devices market?
- What are the market drivers of the self-care medical devices market?
- What are the key trends in the self-care medical devices market?
- Which is the leading region in the self-care medical devices market?
- What are the major companies operating in the self-care medical devices market?
- What are the market shares by key segments in the self-care medical devices market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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