Self-Care Medical Devices Market Growth to 2020 Driven by Rise in Public Awareness
PUNE, India, April 18, 2016 /PRNewswire-iReach/ -- The self-care medical devices market has seen a significant change in product innovation, market growth, and IT integration of medical devices have led to the development of better and more sophisticated self-care medical devices market. The adoption of connected services in wearable technology has enabled customers to use various types of connected services.
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Complete report on self-care medical devices market spread across 106 pages, analyzing 6 major companies and providing 46 data exhibits is now available at http://www.reportsnreports.com/reports/524626-global-self-care-medical-devices-market-2016-2020.html.
The analysts forecast the global self-care medical devices market to grow at a CAGR of 8.64% during the period 2016-2020.Increasing awareness among people about diabetes and self-monitoring of blood glucose and using insulin pumps has a significant impact on the growth of the global self-care medical devices market.
Segmentation by Application and Analysis of the Self-Care Medical Devices Market - Self-monitoring of blood glucose (SMBG), Peritoneal dialysis, Sleep apnea, Insulin pumps, Body temperature monitors, Inhalers, Pedometers, Blood pressure monitors, Nebulizers, Male external catheters and Holter monitors
During 2015, the SMBG devices segment of the self-care medical devices market accounted for the largest market share and is expected to generate revenues of close to USD 17 billion by the end of the forecast period. An increased incidence of diabetes in adults and children alike globally is driving the demand for more SMBG devices. Order a copy of Global Self-Care Medical Devices Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524626.
Geographical Segmentation and Analysis of the Self-Care Medical Devices Market – Americas, APAC ad EMEA
The global self-care medical care devices market will be dominated by the Americas with a market share of close to 46%. Factors fueling market growth are health issues like diabetes, respiratory disorders, incontinence among the elderly and other chronic illnesses. Ordering these devices is very easy due to online retailing, increased consumer awareness and reimbursement for use by insurance carriers. Moreover, the sales of self-monitoring medical devices products in the US have increased due to the growing awareness about chronic diseases such as CVDs, CKD, diabetes, ERSD, and obesity, which had led many individuals to undergo regular tests and check-ups.
The self-care medical devices market is saturated with the presence of many international and regional vendors. Regional players are finding it difficult to compete with well-established vendors due to factors like price, technology and product quality. Competition is expected to intensify on the basis of product extensions, innovation and mergers.
Key players in the global self-care medical devices market: Abbott Laboratories, Johnson and Johnson, Medtronic plc, Omron Healthcare Inc., Philips Healthcare, and Roche Diagnostics.
Other prominent vendors in the market are: Animas, Arkray, B. Braun Melsungen, Baxter, BioDerm, Bionime, Bioptik Technology, Chongqing Haray International Business, Coloplast, Consort Medical, DaVita Healthcare, Dexcom, Diversified Specialty Institue Holdings, Fitbit, Garmin, Gerresheimer, Gluco-Ease, GlySens, Grove Instruments, Hollister, Huaren Pharmaceutical, IA Collaborative, Insulet, Integrity Applications, Jawbone, LabStyle Innovations, LifeWatch DigiTrack, M Pharmaceutical, Medical Components, Medisana, MicroPort, MidMark, Mortara Instrument, Nike, Nipro, Nipro Diagnostics, Nova Biomedical, NxStage Medical, NYPRO, OrSense, PARI Medical Holding, QRS Diagnostic, RPC BRAMLAGE, Scottcare, Senseonics, Sterimed, Sunrising Enterprise, Tandem, Tekcapital, Valeritas, Welch Allyn, and Wuhan HNC Technology.
Further, the self-care medical devices market report states that discomfort is a main factor contributing to non-compliance in people using self-care medical devices. Vendors should consider safety, usability, efficacy, comfort, and disposal when designing a device. The compliance rate with older people (naïve patients) has overhead numerous complications in terms of drug delivery, diagnostics, and sometimes may cause injury. These patients should be encouraged to use self-care medical devices with better compliance.
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