Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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.

Blood glucose monitors, blood pressure monitors, temperature monitors, Holter monitors, pregnancy/fertility test kits, sleep apnea monitors, nebulizers, and pedometers are some of the most commonly used self-care medical devices.

The global self-care medical devices market is estimated to account for US$ 18,090.1 Mn in terms of value and is expected to reach US$ 30,419.8 Mn by the end of 2027.

Global Self-care Medical Devices Market: Drivers

Increasing prevalence of lifestyle diseases is expected to propel growth of the global self-care medical devices market over the forecast period. For instance, 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 the number is expected to reach 578 million by 2030 and 700 million by 2045.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.     

Approval and launch of new devices is expected to propel growth of the global self-care medical devices market over the forecast period. For instance, in April 2020, Axonics Modulation Technologies, Inc. received the U.S. Food & Drug Administration approval for its next generation rechargeable implantable neurostimulator, r-SNM System, under a premarket approval supplement.

Blood Glucose Monitors held dominant position in the global self-care medical devices market in 2019, accounting for 57.8% share in terms of value, followed by blood pressure monitors and sleep apnea monitors, respectively.

Figure 1. Global Self-care Medical Devices Market Share (%), by Value, by Product Type, 2019

Self-care Medical Devices  | Coherent Market Insights

Global Self-care Medical Devices Market: Restraints                          

Product recalls are expected to hinder growth of the market. For instance, in September 2019, Johnson and Johnson Vision Care recalled two full and one partial master lots of 1-DAY ACUVUE MOIST for ASTIGMATISM Contact Lenses in EMEA, owing to failure to meet quality standards.

Moreover, inaccuracy of self-care medical devices is also expected to limit growth of the market. Self-care devices such as pregnancy kits and fertility test kits provide false positive results.    

Side effects and risks associated with implantation of self-care medical devices is expected to hinder growth of the market. Neuromodulation implanting surgery has certain side effects on the body such as allergy and hoarseness. The neuromodulation devices also carry some risks, owing to the electrical impulses generated by it. The device may cause damages to the nearby nerves and blood vessels, as in the case of a VNS pacemaker, it might cause damages to the vagus nerve, carotid artery and jugular veins.

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Self-care Medical Devices Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 16,853.7 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.7% 2027 Value Projection: US$ 30,419.8 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Product Type: Blood Glucose Monitors, Blood Pressure Monitors, Temperature Monitors, Holter Monitors, Pregnancy/Fertility Test Kits, Sleep Apnea Monitors, Nebulizers, Pedometers.
Companies covered:

3M Healthcare, Abbott Laboratories, Bayer AG, GE Healthcare, F .Hoffmann-La Roche, Johnson & Johnson, Medtronic, Inc., Omron Healthcare, Philips Healthcare, and ResMed, Inc.

Growth Drivers:
  • Product Launches
  • Increasing demand for homecare treatment
Restraints & Challenges:
  • Alternative treatment options
  • High costs

Global Self-care Medical Devices Market: Opportunities 

High prevalence of cardiovascular diseases in emerging economies is expected to offer lucrative growth opportunities for players in the global self-care medical devices market. For instance, the Journal of American Collage of Cardiology reported a prevalence of 54.6 million for cardiovascular diseases in India in a study published in July 2018.       

Moreover, digitalization in self-care medical devices is also expected to aid in growth of the market. For instance, in June 2020, AireHealth, a developer of portable nebulizer that pairs with a smartphone app for remote monitoring, acquired BreathResearch, a respiratory health company, in order to develop its digital respiratory health platform.

Increasing healthcare expenditure is expected to offer lucrative growth opportunities for players in the global self-care medical devices market. For instance, according to The Centers for Medicare & Medicaid Services, the U.S. health spending is projected to reach nearly US$ 6.0 trillion by 2027.

The global self-care medical devices market was valued at US$ 16,853.7 Mn in 2019 and is forecast to reach a value of US$ 30,419.8 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027.

Figure 2. Global Self-care Medical Devices Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Self-care Medical Devices  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the market are focused on offering guidelines regarding use of self-care devices during Covid-19 pandemic. For instance, in April 2020, Abbott Laboratories announced that the FreeStyle Libre 14 day system, a CGM technology, can be used in the hospital setting 2 during the COVID-19 pandemic, according to the U.S. Food and Drug Administration (FDA).

Self-care devices are effective in management of various chronic disorders. For instance, in June 2020, Abbott Laboratories announced new late-breaking data that demonstrated efficacy of its FreeStyle Libre system, in reducing hemoglobin A1c (HbA1c) levels for people living with type 2 diabetes.

Self-care medical devices are currently regulated by Council Directive 93/42/EEC concerning medical devices. However, in May 2020, this Directive will be replaced by Regulation (EU) 2017/745 on medical devices, amending Directive 2001/83/EC, Regulation (EC) No 178/2002 and Regulation (EC) No 1223/2009 and repealing Council Directives 90/385/EEC and 93/42/EEC.

The market has witnessed increasing adoption of smartphone-based pedometers, due to increasing use of smartphones. For instance, according to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.     

Global Self-care Medical Devices Market: Competitive Landscape

Major players operating in the global Self-care Medical Devices Market include, 3M Healthcare, Abbott Laboratories, Bayer AG, GE Healthcare, F .Hoffmann-La Roche, Johnson & Johnson, Medtronic, Inc., Omron Healthcare, Philips Healthcare, and ResMed, Inc.

Global Self-care Medical Devices Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in January 2020, ResMed Inc. launched AirFit F30i, its first tube-up full face CPAP mask.

October 2019: OMRON Healthcare, Inc. launched newly redesigned models of its blood pressure monitors with new features

Self-care medical devices are products that help the patients in managing their ailments, and disorders at the comfort of their home. Such products include blood glucose monitors, sleep apnea monitors, temperature monitors, pedometers, and others. These devices come in variety of forms, and with variety of features.  

Restraints of the Global Self-care Medical Devices Market

Major factors hampering the growth of the self-care medical devices market during the forecast period constitutes of availability of alternative options, and high costs.

Key features of the study:

  • This report provides in-depth analysis of the global self-care medical devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global self-care medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include 3M Healthcare, Abbott Laboratories, Bayer AG, GE Healthcare, F .Hoffmann-La Roche, Johnson & Johnson, Medtronic, Inc., Omron Healthcare, Philips Healthcare, and ResMed, Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global self-care medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Self-care Medical Devices Market, By Product Type:
    • Blood Glucose Monitors
    • Blood Pressure Monitors
    • Temperature Monitors
    • Holter Monitors
    • Pregnancy/Fertility Test Kits
    • Sleep Apnea Monitors
    • Nebulizers
    • Pedometers
  • Global Self-care Medical Devices Market, By Geography:
    • North America
      • By Product Type
        • Blood Glucose Monitors
        • Blood Pressure Monitors
        • Temperature Monitors
        • Holter Monitors
        • Pregnancy/Fertility Test Kits
        • Sleep Apnea Monitors
        • Nebulizers
        • Pedometers
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Blood Glucose Monitors
        • Blood Pressure Monitors
        • Temperature Monitors
        • Holter Monitors
        • Pregnancy/Fertility Test Kits
        • Sleep Apnea Monitors
        • Nebulizers
        • Pedometers
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Blood Glucose Monitors
        • Blood Pressure Monitors
        • Temperature Monitors
        • Holter Monitors
        • Pregnancy/Fertility Test Kits
        • Sleep Apnea Monitors
        • Nebulizers
        • Pedometers
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Blood Glucose Monitors
        • Blood Pressure Monitors
        • Temperature Monitors
        • Holter Monitors
        • Pregnancy/Fertility Test Kits
        • Sleep Apnea Monitors
        • Nebulizers
        • Pedometers
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Rest of LATAM
    • Middle East:
      • By Product Type
        • Blood Glucose Monitors
        • Blood Pressure Monitors
        • Temperature Monitors
        • Holter Monitors
        • Pregnancy/Fertility Test Kits
        • Sleep Apnea Monitors
        • Nebulizers
        • Pedometers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Blood Glucose Monitors
        • Blood Pressure Monitors
        • Temperature Monitors
        • Holter Monitors
        • Pregnancy/Fertility Test Kits
        • Sleep Apnea Monitors
        • Nebulizers
        • Pedometers
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • 3M Health Care*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Abbott Laboratories
    • Bayer AG
    • GE Healthcare
    • F .Hoffmann-La Roche
    • Johnson & Johnson
    • Medtronic, Inc.
    • Omron Healthcare
    • Philips Healthcare
    • ResMed, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
    • Impact of COVID-19 Analysis
  4. Global Self-care Medical Devices Market, By Product Type, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Blood Glucose Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Blood Pressure Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Temperature Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Holter Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Pregnancy/Fertility Test Kits
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Sleep Apnea Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Nebulizers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Pedometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Self-care Medical Devices Market, By Regions, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  6. Competitive Landscape
    • Company Profiles
      • 3M Health Care
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Bayer AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • F .Hoffmann-La Roche
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Johnson & Johnson
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medtronic, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Omron Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Philips Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • ResMed, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 33 market data tables and 24 figures on “Self-care Medical Devices Market – Global forecast to 2027.

Frequently Asked Questions

The global self-care medical devices market was valued at US$ 16,853.7 Mn in 2019 and is forecast to reach a value of US$ 30,419.8 Mn by 2027 at a CAGR of 7.7% between 2020 and 2027.
Major factor driving the growth of global self-care medical devices market during the forecast period include increasing product launches, and increasing demand for homecare treatments.
Major factors hampering the growth of the self-care medical devices market during the forecast period constitutes of availability of alternative options, and high costs.
Blood glucose monitors held dominant position in the global self-care medical devices market in 2019.
North America Self-care Medical Devices market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are 3M Healthcare, Abbott Laboratories, Bayer AG, GE Healthcare, F .Hoffmann-La Roche, Johnson & Johnson, Medtronic, Inc., Omron Healthcare, Philips Healthcare, and ResMed, Inc.
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