Self-care medical devices such as glucose meters, blood pressure monitors, thermometers, and pregnancy/fertility-testing kits allow users to actively monitor important health signs and symptoms without requiring a certified healthcare professional. They provide ease of testing and help manage diseases like diabetes, hypertension, fever, and others. The growing prevalence of chronic diseases due to lifestyle changes and rising geriatric population has boosted demand for self-monitoring of health parameters.
Market key trends:
Growing demand for connected or wireless devices is a key trend in the self-care medical devices market. Connected devices help users monitor their healthcare signs remotely and share test results with physicians or family members. They also offer additional features like data storage, backup, analysis and reminders to ensure timely testing. Devices with Bluetooth, Wi-Fi and cellular connectivity provide ease of monitoring and management of chronic conditions from home. This prevents unnecessary visits to clinics or hospitals, saves costs and improves patient outcomes. Growing popularity of telehealth is propelling demand for smart, self-care medical devices with advanced connectivity.
Segment Analysis
The global self-care medical devices market is dominated by the blood pressure monitors segment, which accounted for XX% share in 2024. Blood pressure monitors help patients keep track of their blood pressure regularly without visiting a physician. The growing prevalence of hypertension worldwide is the major factor driving the demand for blood pressure monitors. The blood glucose monitoring devices segment is expected to witness the highest growth during the forecast period, growing at a CAGR of XX%. This is owing to the rising diabetic population globally and the need for regular blood glucose level checks.
Key Takeaways
The Global Self-Care Medical Devices Market Growth is expected to witness high over the forecast period. The global self-care medical devices market is estimated to be valued at US$ 25.69 billion in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024 to 2031.
Europe currently dominates the market, accounting for approximately 30% share. The prevalence of lifestyle diseases such as diabetes and hypertension is high in the region. Moreover, favorable government initiatives toward self-care and preventing hospital visits have boosted the adoption of self-care medical devices. The Asia Pacific region is expected to witness the fastest growth during the forecast period. Countries such as China, India, and Japan have a huge patient population suffering from various lifestyle diseases. Additionally, the increasing healthcare expenditure and growing medical technologies adoption are fueling the market growth.
Key players operating in the self-care medical devices market are Hans Zipperle AG, Archer Daniels Midland Company, Kerry Group, Sensient Technologies, AGRANA Beteiligungs-AG, Kanegrade Natural Ingredients, Taura Natural Food Ingredients, Olam International Limited, Sunopta, Inc., Roquette Freres, Sensoryeffects Ingredient Solutions, Yaax International Ltd, Diana SAS, Svz International BV, DMH Ingredients Inc., Cargill Incorporated, Tate & Lyle PLC, and Dohler Group. Cargill Inc. and Kerry Group dominate the market, together accounting for over 30% share. Their wide product portfolio and strong distribution networks have strengthened their market presence.
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