Global Self-Care Medical Devices Market to Reach USD 45.9 Billion by 2033, Propelled by Introduction of More Precise Products

October 30, 2024 | Healthcare

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The latest report by IMARC Group, titled “Self-Care Medical Devices Market Report 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, and Others), End-User (Geriatric, Pediatrics, Adults, Pregnant Women, and Others), Distribution Channel (Pharmacies, Online Stores, Supermarkets and Hypermarkets, and Others), and Region 2025-2033”, finds that the global self-care medical devices market reached a value of USD 25.9 Billion in 2024. Self-care medical devices refer to instruments that are used by patients to monitor physiological changes without the involvement of medical professionals. These devices aid in tracking or observing parameters such as blood pressure, glucose levels, body temperature, and peak expiratory flow rate. They also provide indications about the current status of chronic illnesses which are necessary for optimizing the patient’s treatment. Nowadays, several self-care devices, such as wearable and smart trackers, are gaining popularity across the globe as they offer a convenient means of monitoring patient health and enable the timely diagnosis of an ailment.

Global Self-Care Medical Devices Market Trends:

With a rise in the number of people suffering from lifestyle diseases, as well as the continuous advancements in technology, patients are shifting toward more sophisticated devices to self-monitor their physical well-being. In addition to this, several medical associations are conducting programs to create awareness among patients about the benefits of self-care medical devices. These cost-effective tools help to reduce the patient burden in terms of hospital visits for minor medical conditions, which in turn has increased their sales. Consequently, manufacturers are investing substantially in research and development (R&D) to introduce devices that can gauge physiological changes more accurately. Also, several leading players are offering portable and easy-to-use devices by incorporating precise sensors that enable patients to keep a regular check on their health irregularities. Looking forward, the market value is projected to reach USD 45.9 Billion by 2033, registering a CAGR of 5.89% during 2025-2033.

Market Summary:

Based on the device type, self-monitoring of blood glucose (SMBG) represents the leading segment, accounting for the majority of the market share. Other major types of self-care medical devices are peritoneal dialysis (PD), sleep apnea devices, insulin pumps, body temperature monitors, inhalers, pedometers, blood pressure monitors, nebulizers, male external catheters, Holter monitors and others.
On the basis of the end-user, the market has been segregated into geriatric, pediatrics, adults, pregnant women and others.
The market has been categorized based on the distribution channel into pharmacies, online stores, supermarkets and hypermarkets and others.
Region-wise, North America enjoys the dominant position in the market. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Johnson & Johnson, Medtronic PLC, Abbott Laboratories, Bayer HealthCare LLC, Koninklijke Philips N.V., General Electric Company, F. Hoffmann-La Roche AG, ResMed, Inc., Omron Healthcare, Martifarm Ltd., OraSure Technologies, Baxter and B. Braun Melsungen.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Device Type, End-User, Distribution Channel, Region
Region Covered	North America, Europe, Asia Pacific, Middle East and Africa, Latin America
Companies Covered	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
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Self-Care Medical Devices Market to Reach USD 45.9 Billion by 2033, Propelled by Introduction of More Precise Products

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