DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d8b2dg/selfcare_medical) has announced the addition of the "Global Self-Care Medical Devices Market Forecasts & Opportunities, 2013-2019" report to their offering.
Self-care medical devices are used for measuring and monitoring various vital parameters of a patient. These devices play an important role in monitoring blood sugar level, heart rate, hypertension and other conditions. These devices measure, monitor, display and document physiological information obtained at regular intervals via sensors or other input devices attached to a patient. Increasing emphasis on preventive medicine is expected to widen the market for self-care medical devices.
The global self-care medical devices market is estimated to be USD 10.5 billion in 2012 and is expected to reach USD 16.8 billion by 2019, growing at a CAGR of 7.0% from 2013 to 2019. Rising incidence of chronic diseases as well as lifestyle disorders (obesity, diabetes, hypertension and others) coupled with increasing healthcare awareness are driving the demand for self-care medical devices market globally.
Self-care medical devices are further segmented as blood pressure monitors, blood glucose monitors, body temperature monitors, heart rate monitors, sleep apnea monitors and others. These devices are used for primary care by patients, witnessing a paradigm shift in treatment from hospital to home based healthcare. Manufacturers are coming up with new and innovative digital blood pressure monitoring devices that are portable, easy to use and provide accurate readings instantly. Blood glucose monitors accounted for the largest market share in the year 2012 as compared to other self-care medical devices. Sedentary lifestyle, poor dietary habits coupled with growing geriatric population has resulted in a steady rise in the number of individuals diagnosed with diabetes. In addition, technological advancements and increasing awareness about managing diabetes are the factors accentuating the growth of the market for blood glucose monitors during the forecast period.
North America contributed the largest share, i.e. over 40%, in 2012 of the global self-care medical devices market. The rising incidence of cardiovascular and respiratory diseases is the major driving factor for the growth of self-care medical devices market in the North American region. Preference for home based healthcare monitoring has led to reduction of frequent visits to clinics and hospitals, consequently increasing the uptake of self-care medical devices. The Asia-Pacific region is expected to witness the fastest growth due to expanding population coupled with sedentary lifestyle and rising stress levels. A high prevalence of diabetes and cardiovascular diseases in middle income nations, as compared to that in high-income nations, has left a large number of people undiagnosed and untreated. However, growing awareness among these people has triggered the demand for self-care medical devices and is expected to further grow during the forecast period.
The global self-care medical devices market is segmented into the following categories:
- Blood Glucose Monitors
- Blood Pressure Monitors
- Body Temperature Monitors
- Pregnancy/Fertility Test Kits
- Sleep Apnea Monitors
- Heart Rate Monitors
Key Topics Covered:
- Executive Summary
- Market Overview
- Self-Care Medical Devices Market, by Segments
- Self-Care Medical Devices Market, by Geography
- Company Profiles
- 3M Healthcare
- Abbott Laboratories
- Bayer AG
- F .Hoffmann-La Roche
- GE Healthcare
- Johnson & Johnson
- Medtronic, Inc.
- Omron Healthcare
- Philips Healthcare
- ResMed, Inc.
For more information visit http://www.researchandmarkets.com/research/d8b2dg/selfcare_medical