Covid-19 Impact On Self-care Medical Devices Market Key Trends,Industry Analysis,Opportunities,Top Key Players By 2027


Posted July 16, 2020 by ShrutiCMI

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

 
Self-care Medical Devices Market :Key Trends
The adoption of this new Regulation on 5 April 2017 establishes a new legislative framework for medical devices, including self-care medical devices. The Regulation entered into force on 25 May 2017 and will become fully applicable on 26 May 2020.
Self care medical tools are products that treat or prevent ailments by a physical mode of action such as some emollients,Glucose Meters,Blood Pressure Monitors, Temperature Monitors,Holter Monitors,PregnancyTest Kits,,nasal sprays)
In the pandemic of the coronavirus(COVID-19),the Government of almost every country announced that it may take almlost one-year delay for the Medical Device Regulation No matter it will huge loss for Healthcare providers ,manufacturers and other actors,and to allow authorities to focus fully on urgent priorities.
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Self-care Medical Devices Market:Key Market Takeaways
Companies now adopting new technologies like IoT It also known as the Internet of Medical Things or IoMT which help in healthcare professionals to be more connective with patients and to achieve more real time data.
Due to the increasing prevalence of technologies,The Internet of Medical Things is expected to reach highest value during forecast period.
Self-care Medical Devices like 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.
Self-care Medical Devices Market:Opportunities
Increasing healthcare expenditure is expected to offer huge CAGR during the forecast period of 2020 to 2026 and a valuation that the market may surpass in the coming years
The assessment also deduce a high rising growth opportunities for players in Self-care medical devices in global market.For instance,according to the U.S. health spending in the Centers for Medicare Services,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.
Self-care Medical Devices Market:Key players
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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Last Updated July 16, 2020