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Global Self-Care Medical Devices Market to be Worth US$16.8 Billion by 2019
A new market report published by Transparency Market Research is Self-Care Medical Devices Market (Blood Pressure Monitors, Heart Rate Monitors, Body Temperature Monitors, Blood Glucose Monitors, Pregnancy/Fertility Test Kits, Pedometers, Sleep Apnea Monitors and Nebulizers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast (Value and Volume),2013 - 2019
Published 07 October 2015
The Global self-care medical devices market was worth US$10.5 billion in 2012 and will grow to reach US$16.8 billion by 2019.
The report, titled “Self-Care Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast (Value and Volume), 2013-2019”, also states that the market for self-care medical devices will expand at a compound annual growth rate of 7.0% between 2013 and 2019.
The research report analyzes the global self-care medical devices market on the basis of segment and geography. Segment-wise, the market for self-care medical devices is categorized into pedometers, blood pressure monitors, heart rate monitors, sleep apnea monitors, pregnancy/fertility test kits, nebulizers, blood glucose monitors, and body temperature monitors. Regionally, the self-care medical devices market is divided into North America, Europe, Asia-Pacific, and Rest of the World.
Geographically, North America dominated the self-care medical devices market, accounting for more than 40% of the total market share in 2012. This regional market for self-care medical devices is anticipated to maintain its leading position throughout the forecast period of 2013 to 2019. Increasing prevalence of respiratory and cardiovascular diseases, coupled with unhealthy diet and sedentary lifestyle are some of the primary factors stimulating the North American self-care medical devices market. In addition, advancement in medical technologies and preference for home-based monitoring and customized healthcare has also been driving the self-care medical devices market in this region.
Asia-Pacific, on the other hand, is expected to register the fastest growth rate of 9.9% during the forecast period of 2013-2019. The major reasons attributed for this exceptional growth rate of the self-care medical devices market in the region are sedentary lifestyle, escalating levels of stress, and geriatric population, with a subsequent rise in incidences of stroke, hypertension, diabetes, and cardiovascular and respiratory diseases. The growing prevalence of these disorders has warranted an increase in the demand for self-care medical devices. Moreover, there has been a remarkable rise in awareness regarding self-care medical devices, thereby fueling the growth of the market.
Browse the full Self-Care Medical Devices Market (Blood Pressure Monitors, Heart Rate Monitors, Body Temperature Monitors, Blood Glucose Monitors, Pregnancy/Fertility Test Kits, Pedometers, Sleep Apnea Monitors and Nebulizers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast (Value and Volume),2013 - 2019 report at http://www.transparencymarketresearch.com/self-care-medical-devices.html
The self-care medical devices market is highly competitive, with the presence of many key players. The leading participants evaluated in the self-care medical devices market study are Philips Healthcare, GE Healthcare, 3M Healthcare, Johnson & Johnson, Abbott Laboratories, Omron Healthcare, Medtronic, Inc., ResMed, Inc., Bayer AG, and F .Hoffmann-La Roche. These companies are profiled and assessed on the basis of company overview, product portfolio, financial overview, recent developments, and business strategies. Due to stiff competition, every player has been striving towards gaining a larger share of the self-care medical devices market with the help of innovative products that are portable, cost-effective, and user-friendly.
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Mr. Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
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