Self-Care Medical Devices Market to Reach US$30,419.8 Million by 2028 | 3M Healthcare, Abbott Laboratories
Self-care medical devices are used to measure and monitor various vital parameters of a patient.
SEATTLE, WASHINGTON, USA, Aug. 9, 2022 /EINPresswire.com/ — This article provides an overview of this rapidly growing market and describes some of the most common self-care products available in the self-care medical device market . . Self-care medical devices include blood glucose monitors, blood pressure monitors, body temperature monitors, nebulizers, pedometers, pregnancy/fertility test kits, sleep apnea monitors, and heart rate monitors cardiac.
The market for self-care medical devices is expected to witness significant growth owing to the high prevalence of chronic diseases. According to the study, “Global and regional diabetes prevalence Estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and this number is expected to reach 578 million by 2030 and 700 million by 2045.
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The increase in the geriatric population is also contributing to the growth of the self-care medical devices market. According to the United Nations Population Fund, the geriatric population in Asia-Pacific is expected to triple between 2010 and 2050 to reach 1.3 billion people by 2050.
Pedometers: One of the most promising applications of pedometers is tracking one’s fitness level. Many players in the self-care medical device market are offering their devices, which allow users to track and maintain their fitness levels from the comfort of their homes. Given that market trends over the past decade indicate that sales of fitness products are set to see strong increases, companies looking to enter this line of business should make significant marketing investments to capture current trends in the market.
Moreover, the emergence of Covid-19 is also expected to contribute to the growth of the self-care medical devices market. Globally, as of 4:42 p.m. CEST on April 26, 2021, there have been 146,841,882 confirmed cases of COVID-19, including 3,104,743 deaths, according to reports from the World Health Organization.
The major players are: 3M Healthcare, Abbott Laboratories, Bayer AG, GE Healthcare, F.Hoffmann-La Roche, Johnson & Johnson, Medtronic, Inc., Omron Healthcare, Philips Healthcare and ResMed, Inc.
Heart rate monitors and accessories: These devices are another emerging area of the global self-care medical device market. Heart rate monitors and heart rate belts are gaining popularity around the world. These devices allow users to effectively monitor their heart rate, helping them better manage their fitness routines. High-end heart rate monitor watches are available in North America, so companies that manufacture these products should capitalize on the high demand for these products.
By introducing new devices to the global self-care medical device market, companies can improve the quality of life of patients across the world. They can also leverage the knowledge and experience of healthcare providers by introducing them to these innovative devices.
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Promising Regions & Countries Mentioned In The Self-Care Medical Devices Market Report:
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Chile, Peru)
Europe (Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland)
Middle East and Africa (GCC, North Africa, South Africa)
Asia-Pacific (China, Southeast Asia, India, Japan, Korea, Western As)
Self-Care Medical Devices Market report analyzed by the following points:
1. Company Profile
2. Analysis of business sectors
3. Financial analysis
4. SWOT Analysis
5. Possible impact of Covid -19 on latest market conditions
The report answers the following questions:
1. What are the factors driving the growth of the market?
2. What factors are restraining the market growth?
3. What are the future opportunities in the market?
4. Which are the fastest growing companies and what are their recent developments in the Medical Self-Care Devices market?
5. What key developments can we expect in the coming years?
In conclusion, Self-Care Medical Devices Market report is a reliable source for accessing market data which will exponentially accelerate your business. The report provides major locale, economic scenarios with item value, benefit, supply, limit, generation, demand, market development rate, figure, etc. In addition, the report introduces new task SWOT analysis, speculation feasibility investigation and venture capital return investigation.
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