Categories
Pharmaceutical

Revenue Share of Electrical Variants of Self-Care Medical Devices is Anticipated to Top US$ 20 Bn by 2031

As per a new report published by Fact.MR – a market research and competitive intelligence provider, the market for self-care medical devices is anticipated to top US$ 20 Bn by 2031, and is poised to expand at a CAGR of 6%. Demand for blood glucose monitors accounts for 58% of overall market share.

Rise in the prevalence of various chronic diseases has led to the growth of the global self-care medical devices market. These devices assist in better patient compliance and improvement in disease management.

Recent entry of top-notch technologies has made the invention of a smart tract with real-time health monitoring feature a reality. In addition, rising awareness among people regarding these devices will further propel demand for self-care medical devices in the years to come.

“With rising preference for homecare treatments by patients, demand for self-care medical devices is set to propel over the coming years,” Says a Fact.MR analyst.

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Augmented knowledge of one’s condition of health and advantages pertaining to the use of medical gadgets such as glucose monitors and insulin pumps is further likely to pave way for the growth of the global self-care medical devices market over the years.

Key Segments Covered in Self-care Medical Devices Industry Research

  • By Product
    • Self-monitoring of Blood Glucose
    • Sleep Apnea Devices
    • Insulin Pumps
    • Body Temperature Monitors
    • Inhalers
    • Pedometers
    • Blood Pressure Monitors
    • Nebulizers
    • Male External Catheters
    • Holter Monitors
  • By End User
    • Self-care Medical Devices for Geriatrics
    • Self-care Medical Devices for Pediatrics
    • Self-care Medical Devices for Adults
    • Self-care Medical Devices for Pregnant Women
  • By Distribution Channel
    • Self-care Medical Devices Sold at Pharmacies
    • Self-care Medical Devices Sold through Online Stores
    • Self-care Medical Devices Sold at Supermarkets and Hypermarkets

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self care medical devices market by FactMR

Key Takeaways from Market Study

  • Valuation of self-care medical devices was estimated at US$ 13 Bn in 2020, and is expected to top US$ 20 Bn by 2031.
  • Key factors driving demand for self-care medical devices include new technological advancements and rising demand for homecare treatments.
  • North America holds close to 40% of the market share for self-care medical devices.
  • In China, demand for self-care medical devices was estimated at US$ 4 Bn in 2020, and is anticipated to expand at a CAGR of 9% over the coming ten years.
  • Demand for blood glucose monitors accounts for 58% of market share for self-care medical devices.
  • Global demand for blood pressure monitors is anticipated to reach a valuation of around US$ 3 Bn by 2031-end.

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Winning Strategy

Major players in the market are adopting strategies such as launching new products to expand their product portfolios and investing in new R&D projects aimed towards product innovation.

Many manufacturers are working towards making portable and easy-to-use devices.  New and upcoming companies can direct their focus towards product innovation and carrying out awareness campaigns for better reach and costumer acquisition.

  • Johnson & Johnson
  • Medtronic
  • Abbott Laboratories
  • Bayer HealthCare
  • Koninklijke Philips
  • General Electric Company
  • F. Hoffmann-La Roche AG
  • ResMed
  • Omron Healthcare
  • Martifarm
  • OraSure Technologies

Find More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the self-care medical devices market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of product (self-monitoring of blood glucose, sleep apnea devices, insulin pumps, body temperature monitors, inhalers, pedometers, blood pressure monitors, nebulizers, male external catheters, and holter monitors), end user (geriatric, pediatrics, adults, and pregnant women), and distribution channel (pharmacies, online stores, and supermarkets & hypermarkets), across major regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa).

Key Points Covered in Self-care Medical Devices Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • COVID-19 Impact on Sales of Self-care Medical Devices and How to Navigate
  • Recommendation on Key Winning Strategies

For More Insights  https://www.biospace.com/article/bone-marrow-processing-systems-growth-driven-by-progressions-in-bone-marrow-needles-and-harvest-technology-says-fact-mr/

Key Questions Answered in Report

  • Which are the most lucrative markets for self-care medical devices?
  • Which factors will impact the demand for self-care medical devices?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the self-care medical devices industry?
  • What are the winning strategies of stakeholders in the market?

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Categories
Pharmaceutical

Demand for Medical Device Automatic Cleaning Is Surged Owing to the Implementation of Infection Control Standards: Report Fact.MR

Fact.MR – a market research and competitive intelligence provider, projects the global demand for medical device cleaning market to have a positive outlook, expanding at a CAGR of above 6% across the 2021-2031 forecast period.

Medical device cleaning is a vital and important part of any surgical process. Most medical devices are reused in healthcare procedures, such as scissors, scalpels, retractors, endoscopes, and forceps. To avoid any kind of infection among patients and healthcare workers, medical device need to be sterilized and cleaned properly before using in consequent surgical procedures.

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Medical device cleaning contains disinfectants and detergents that are used for cleaning and sanitization of medical devices. Various types of chemicals and detergents are used in medical device cleaning according to the type of the device. Glutaraldehyde, enzymatic and non-enzymatic detergents, alcohol, and peracetic acid are widely utilized medical device cleaners around the world.

Government organizations across the globe are involved in issuing guidelines for spreading awareness about efficient infection prevention measures, which is expected to contribute to the growth of the overall market during the forecast period.

“Growing implementation of prevention measures to curb hospital-acquired infections and deployment of new techniques & materials for medical device cleaning have propelled demand in the market,” says a Fact.MR analyst.        

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medical device cleaning market by FactMR

Key Segments in Medical Device Cleaning Industry Research

  • Process
    • Disinfection
    • Automatic Cleaning
    • Manual Cleaning
    • Precleaning
  • Application
    • Medical Device Cleaning of Surgical Instruments
    • Medical Device Cleaning of Endoscopes
    • Medical Device Cleaning of Ultrasound Probes
    • Medical Device Cleaning of Dental Instruments
  • End User
    • Medical Device Cleaning for Hospitals and Clinics
    • Medical Device Cleaning for Diagnostic Centers
    • Medical Device Cleaning for Dental Clinics
    • Medical Device Cleaning for Ambulatory Surgical Centers

Key Takeaways from Market Study

  • Global medical device cleaning market to top US$ 2 Bn by 2031
  • Disinfection segment projected to reach around US$ 1 Bn by 2031
  • Automatic cleaning projected to record around 4% CAGR over the next 10 years
  • Market in Japan to record 4% CAGR over the forecast period of 2021- 2031
  • China forecast to reach a projected market size above US$ 460 Mn by 2031
  • Market in Canada projected to expand at above 3% CAGR over the next 10 years

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Market Competition

Companies leverage strategic collaborative initiatives to increase their market share and profitability. Companies operating in the market are also acquiring start-ups working on medical device cleaning processes to strengthen their product capabilities.

  • In 2020, Getinge announced the acquisition of 100% shares of Quadralene. Quadralene is a global manufacturer of, and expert in, decontamination products such as detergents and disinfectants for the healthcare and dental sector.
  • In 2019, Fortive completed the acquisition of the Advanced Sterilization Products business segment from Johnson & Johnson, which also includes the STERRAD Sterilization System.
  • STERIS PLC
  • 3M Company
  • Getinge Group
  • Advanced Sterilization Products
  • Ecolab Inc.
  • Metrex Research, LLC
  • Ruhof Corporation
  • Cantel Medical Corporation
  • BODE Chemie Gmbh
  • Integra LifeSciences Holdings Corporation
  • Sklar Surgical Instruments
  • Sterigenics International LLC

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the medical device cleaning market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study divulges essential insights on the market on the basis of process (disinfection, automatic cleaning, manual cleaning, and precleaning), application (surgical instruments, endoscopes, ultrasound probes, and dental instruments), and end user (hospitals and clinics, diagnostic centers, dental clinics, and ambulatory surgical centers), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

Key Points Covered in Medical Device Cleaning Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Medical Device Cleaning Product Sales and How to Navigate
  • Recommendation on Key Winning Strategies

Key Questions Answered in Report

  • Which are the most lucrative medical device cleaning markets?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the medical device cleaning market?
  • What are the winning strategies of stakeholders in the market?

For More Insights https://www.biospace.com/article/facial-spasm-treatment-demand-augmented-by-growing-awareness-of-the-treatment-options-says-fact-mr

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com