The global self-care medical devices market size reached US$ 21.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32.2 Billion by 2027, exhibiting a growth rate (CAGR) of 7.27% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Self-care medical devices are used for monitoring and maintaining vital parameters of patients such as blood sugar level, blood pressure and heart rate. These devices can be used by the patients themselves and do not require the presence of a medical professional. The electrical variants of self-care medical devices display physiological information at regular intervals using sensors and other input devices that are attached to the patient. They provide cost-effective, periodical check-ups to the patients and help with the timely diagnosis of an ailment.

Owing to the growing prevalence of chronic and lifestyle diseases, such as cardiovascular diseases (CVD) and diabetes, along with increasing health awareness among consumers, there has been a rise in the demand for devices that can continuously track the physical well-being of patients. Furthermore, consumer awareness regarding the advantages of self-care medical devices and the benefits of keeping a regular check on health irregularities in increasing worldwide. As these devices help in significantly reducing the chances of contracting any severe disease, there has been significant growth in their sales. Additionally, manufacturers are taking initiatives to produce devices that are portable and can be used by patients of all age groups. Advancements in the wearable technology, coupled with the incorporation of sensors to gauge physiological changes more accurately, are also augmenting the products demand. Increasing geriatric population and rising disposable incomes, along with salient characteristics of these devices such as maintenance of privacy, quick access and timely diagnostic reports, are some of the other factors catalyzing market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global self-care medical devices market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on device type, end-user and distribution channel.

Breakup by Device Type:

Self-Monitoring of Blood Glucose (SMBG)
PD
Sleep Apnea Devices
Insulin Pumps
Body Temperature Monitors
Inhalers
Pedometers
Blood Pressure Monitors
Nebulizers
Male External Catheters
Holter Monitors
Others

Breakup by End-User:

Geriatric
Pediatrics
Adults
Pregnant Women
Others

Breakup by Distribution Channel:

Pharmacies
Online Stores
Supermarkets and Hypermarkets
Others

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Johnson & Johnson, Medtronic, Abbott Laboratories, Bayer HealthCare, Koninklijke Philips, General Electric Company, F. Hoffmann-La Roche AG, ResMed, Omron Healthcare, Martifarm, OraSure Technologies, Baxter and B. Braun Melsungen, etc.

Key questions answered in this report:
How has the global self-care medical devices market performed so far and how will it perform in the coming years?
What are the key regional markets in the global self-care medical devices industry?
What has been the impact of COVID-19 on the global self-care medical devices industry?
What is the breakup of the market based on the device type?
What is the breakup of the market based on the end-user?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the global self-care medical devices industry?
What are the key driving factors and challenges in the global self-care medical devices industry?
What is the structure of the global self-care medical devices industry and who are the key players?
What is the degree of competition in the global self-care medical devices industry?
What are the profit margins in the global self-care medical devices industry?