“Self-care Medical Devices Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global self-care medical devices market. Self-care medical devices are used to monitor and regulate the body temperature, blood pressure, glucose levels, and heart rate by patients without the intervention of medical professionals. They are available in the market in the form of inhalers, nasal sprays, throat lozenges, pulse oximeters and glucometers. They are affordable and help in the timely diagnosis of various ailments.
Due to the rising prevalence of lifestyle diseases, including asthma, cardiovascular diseases (CVD), and diabetes, health-conscious consumers are increasingly opting for self-care medical devices that can assist in keeping a track of their physical well-being. Moreover, manufacturers are introducing smart devices with improved sensors that offer enhanced convenience and provide accurate results, which are gaining widespread preference among end users.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the self-care medical devices market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the self-care medical devices market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the self-care medical devices market in detail for the latest trends, outlook and opportunities.
The report analyses the competitive structure of the self-care medical devices industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the self-care medical devices industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the self-care medical devices industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the self-care medical devices industry. Furthermore, the value chain analysis of the self-care medical devices industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global Self-care Medical Devices Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the self-care medical devices industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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