Global self-care medical devices market expected to reach USD 16.8 billion by 2019
Published on April 25, 2014 at 8:59 AM
Research and Markets (http://www.researchandmarkets.com/research/zvrjkt/selfcare_medical) have announced the addition of the "Self-Care Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 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.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Self-Care Medical Devices Market, by Segments
Chapter 5 Self-Care Medical Devices Market, by Geography
Chapter 6 Recommendations
Chapter 7 Company Profiles
F .Hoffmann-La Roche
Johnson & Johnson