• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Opinions
    • Top 30
    • Research
    • Supply Chain
    • Device Sectors
    • Directory
    • Events
    • Resources
    • Microsites
    • More
  • Magazine
  • News
  • Opinions
  • Top 30
  • Research
  • Supply Chain
  • Device Sectors
  • Directory
  • Events
  • Resources
  • Microsites
  • Current / Back Issues
    Features
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Reprints
    Subscribe Now
    Advertise Now
    Top Features
    Pharmaceutical Focus: A Look at Combination Products

    The Printed World: Additive Manufacturing in Medtech

    The Lost Year: 2020 Year in Review

    Extrusion Evolution

    Little Big Parts: Micromolding Under the Microscope
    OEM News
    Supplier News
    Service / Press Releases
    Online Exclusives
    Press Releases
    People in the News
    Product & Service Releases
    Supplier News
    Medtech Makers
    Technical Features
    International News
    Videos
    Product & Service Releases
    Live From Shows
    Top News
    Cretex Companies CEO Steps Down

    Data Show Porex's Medical Device Filtration Materials Protect Against Virus, Bacteria Spread

    Endoscopic Hemostasis Devices Market Valued at $730 Million

    Henry Schein Buys Majority Interest in Prism Medical Products

    Boston Scientific's Vercise Genus DBS Earns FDA Approval
    From the Editor
    Blogs
    Guest Opinions
    Top Opinions
    Pharmaceutical Focus: A Look at Combination Products

    The Printed World: Additive Manufacturing in Medtech

    The Lost Year: 2020 Year in Review

    Extrusion Evolution

    Little Big Parts: Micromolding Under the Microscope
    Top 30 Medical Device Companies
    Market Data
    White Papers
    Top Research
    Fixing Face Mask Form and Function

    The Heart of the Matter: Trends in Cardiology

    Virtually the Same? The Challenges of Online Conferences

    Digital Health Delivers During a Year for the Ages

    Advanced Technology for Staking and Swaging Medical Plastics
    3D/Additive Manufacturing
    Contract Manufacturing
    Electronics
    Machining & Laser Processing
    Materials
    Molding
    Packaging & Sterilization
    R&D & Design
    Software & IT
    Testing
    Tubing & Extrusion
    Cardiovascular
    Diagnostics
    Digital Health
    Neurological
    Patient Monitoring
    Surgical
    Orthopedics
    All Companies
    Categories
    Company Capabilities
    Add New Company
    Outsourcing Directory
    Creganna Medical, part of TE Connectivity

    maxon

    Concise Engineering

    MW Life Sciences

    Qosina Corp.
    MPO Summit
    Industry Events
    Webinars
    Live From Show Event
    Industry Associations
    Videos
    Career Central
    eBook
    Slideshows
    Top Resources
    Meeting Critical Ventilator Product Requirements Amid Pandemic

    Impact of COVID-19 on the Medtech Supply Chain

    Finding the Upside to a Challenging Year

    Preparing Your Design Controls for FDA Approval

    A 'Trial and Error' Approach to Micromolded Parts
    Companies
    News Releases
    Product Releases
    Press Releases
    Product Spec Sheets
    Service Releases
    Case Studies
    White Papers
    Brochures
    Videos
    Outsourcing Directory
    FUTEK Advanced Sensor Technology Inc.

    Unicep

    PTI Engineered Plastics Inc.

    Spectrum Plastics Group

    Concise Engineering
    • Magazine
      • Current/Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Editions
      • Subscribe Now
      • Advertise Now
    • News
    • Directory
      • All Companies
      • ALL CATEGORIES
      • Industry Associations
      • Company Capabilities
      • Add Your Company
    • Supply Chain
      • 3D/Additive Manufacturing
      • Contract Manufacturing
      • Electronics
      • Machining & Laser Processing
      • Materials
      • Molding
      • Packaging & Sterilization
      • R&D & Design
      • Software & IT
      • Testing
      • Tubing & Extrusion
    • Device Sectors
      • Cardiovascular
      • Diagnostics
      • Digital Health
      • Neurological
      • Patient Monitoring
      • Surgical
      • Orthopedics
    • Top 30 Company Report
    • Expert Insights
    • Slideshows
    • Videos
    • Podcasts
    • Resources
    • eBook
    • Infographics
    • Whitepapers
    • Research
      • White Papers
      • Case Studies
      • Product Spec Sheets
      • Market Data
    • MPO Summit
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Microsite
      • Companies
      • Product Releases
      • Product Spec Sheets
      • Services
      • White Papers / Tech Papers
      • Press Releases
      • Videos
      • Literature / Brochures
      • Case Studies
    • About Us
      • About Us
      • Contact Us
      • Advertise with Us
      • eNewsletter Archive
      • Privacy Policy
      • Terms of Use
    Market Data

    Consumer Medical Devices Global Revenue to Grow 4 Percent In 2013

    Affordable Care Act cited as a reason for U.S. consumer medical devices market growth.

    Related CONTENT
    • Randomized Penumbra 3D Trial of Next-Gen Stent Retriever Meets Primary Endpoints
    • NightBalance Nets $13.9 Million in Latest Funding Round
    • Aytu BioScience Awarded Health Canada Approval for Male Infertility Detection
    • DS Healthcare Group to Acquire Radiancy Inc.
    • Designing for the Consumer Market
    09.16.13
    Market researcher IHS, based in Englewood, Colo., has forecasted the total worldwide market for consumer medical devices to grow by 4 percent to reach $8.2 billion by the end of 2013, compared to revenue of $7.9 billion in 2012. According to the report, the top three products are hearing aids, blood glucose meter and blood pressure monitors.

    “One important reason for the consistent rise in revenue over the years of consumer medical devices is that the worldwide population of those aged 65 and above will continue to grow over time, making up an increasingly larger percentage,” said Roeen Roashan, IHS analyst for consumer medical devices and digital health. “As a result, health monitoring will increase. And while evident in all regions, the phenomenon will be particularly apparent in Europe and Asia.”

    Activity monitors, body composition analyzers and heart-rate monitors are some of the fastest growing devices. The report also found blood pressure monitor devices to be an important contributor to the market with revenue this year of some $838 million, 10 percent of the overall takings projected in 2013 for consumer medical devices. Blood pressure monitors are predicted to reach revenue of more than $963 million in 2017.


     


    Adding to the growth of the market for blood pressure monitors is a rise in hypertension in emerging markets such as India due to dietary changes influenced by rise in income.

    In terms of region, the Asia-Pacific is the fastest growing, while the Americas and Europe, Middle East, and Africa (EMEA) regions are still the largest centers of market activity. Denmark and the United Kingdom have been especially successful in implementing telehealth, or the remote monitoring of health conditions via monitors and compatible devices.

    “Given the changes brought by the Affordable Care Act and the intent of moving away from a fee-for-service model, healthcare in the United States is shifting towards the idea of ‘value over volume’ and where reimbursement is based on quality,” said Roashan of the U.S. consumer medical device market. “Preventive care and home monitoring will play an important role in increasing the quality of healthcare and decreasing the costs. The Affordable Care Act brings free preventive care to the table and this is a driver of growth for consumer medical devices.”
    Suggested For You
    Randomized Penumbra 3D Trial of Next-Gen Stent Retriever Meets Primary Endpoints Randomized Penumbra 3D Trial of Next-Gen Stent Retriever Meets Primary Endpoints
    NightBalance Nets $13.9 Million in Latest Funding Round NightBalance Nets $13.9 Million in Latest Funding Round
    Aytu BioScience Awarded Health Canada Approval for Male Infertility Detection Aytu BioScience Awarded Health Canada Approval for Male Infertility Detection
    DS Healthcare Group to Acquire Radiancy Inc. DS Healthcare Group to Acquire Radiancy Inc.
    Designing for the Consumer Market Designing for the Consumer Market
    Leveraging the Direct-to-Consumer Market Leveraging the Direct-to-Consumer Market
    FDA Approves App That Turns iPads Into Blood Loss Monitors FDA Approves App That Turns iPads Into Blood Loss Monitors
    FDA OKs Technology That Preserves Lungs for Transport and Transplant FDA OKs Technology That Preserves Lungs for Transport and Transplant
    China’s Ultrasound Market Primed for Strong Growth China’s Ultrasound Market Primed for Strong Growth
    Medtech’s Consumerization Medtech’s Consumerization
    Ultrasonic Boom Expected in China Ultrasonic Boom Expected in China
    Study Predicts Consumer Medical Device Market Growth Study Predicts Consumer Medical Device Market Growth
    China China's Ultrasound Market Will Surge More Than 60 Percent in Five Years, Report Claims
    Disposable Ambulatory Infusion Pumps to Enjoy Strong Growth, Report Says Disposable Ambulatory Infusion Pumps to Enjoy Strong Growth, Report Says
    Blood Pressure Monitors Show Steady Growth Blood Pressure Monitors Show Steady Growth

    Related Market Data

    • Market for Infection Control Devices Shows Steady Growth

      Market for Infection Control Devices Shows Steady Growth

      Healthcare facilities continue to look for safe and cost-effective ways to prevent infections and injuries.
      05.22.14

    • U.S. Demand for Disposable Medical Supplies Shows Steady But Modest Gains

      Safety-enhanced devices will lead growth.
      02.06.14

    • Cardiovascular | R&D & Design

      Report Predicts Combination Products Market Will Reach $115 Billion in 2019

      Aging populations and increased risk of chronic diseases are responsible for this growth.
      01.03.14


    • Strokes Increasing Among Young Adults, Study Finds

      Low- to middle-income countries hardest hit.
      12.08.13

    • Contract Manufacturing
      Report: The Chinese Orthopedic Industry, 2013-2015

      Report: The Chinese Orthopedic Industry, 2013-2015

      Small companies predicted to suffer as industry giants take over.
      11.14.13

    • Software & IT
      Disposable Ambulatory Infusion Pumps to Enjoy Strong Growth, Report Says

      Disposable Ambulatory Infusion Pumps to Enjoy Strong Growth, Report Says

      United States and China will be the top markets.
      08.21.13


    • Contract Manufacturing

      Life-Science Jobs Index Shows Mixed Results for Q2

      Medical device sector posts stronger gains.
      08.15.13

    • United States Will Continue to Lead Device Packaging Demand, Data Shows

      United States Will Continue to Lead Device Packaging Demand, Data Shows

      Global market will reach $25.7 billion in 2017.
      08.08.13

    • Steroid Injection Therapy May Increase Risk of Spinal Fracture

      ...
      07.02.13


    • Contract Manufacturing

      Sector Spotlight

      Demographic Changes and Disposable Technology Help Fuel GI Endoscope Markets in Brazil, India and China
      Dr. Kamran Zamanian, Sara Whitmore and Olivia Fellows 10.08.12

    • Glucose Monitoring Device Sector Should Post Gains

      The sector’s market value could rise by $4 billion by 2018.
      08.02.12

    • Report Predicts Heart Valve Market Will Reach $1.5 Billion by 2016

      Report Predicts Heart Valve Market Will Reach $1.5 Billion by 2016

      Growth attributed to elderly demographic and the rise in non-surgical valve replacements.
      06.26.12


    • R&D & Design

      Europe's Trauma Market to Show Steady Growth

      New report highlights market drivers.
      04.18.12

    • Tubing & Extrusion
      Europe

      Europe's DES Market to Slow, Study Predicts

      Biotechnology options offer alternative and market growth.
      01.26.12

    • Tubing & Extrusion
      Urological Device Market to Make Steady Growth

      Urological Device Market to Make Steady Growth

      New report shows sector almost doubling before the end of the decade.
      01.26.12


    Trending
    • Portable, Home-Use Device Quickly Measures Inflammation Levels
    • Masimo Earns CE Mark For New Fingertip Pulse Oximeter
    • TPI Partners With Zeiss
    • Top 10 Trends In The Medical Device And Equipment Industry
    • Understanding Food-Grade Vs. Biocompatibility For Medical Device Materials
    Breaking News
    • Cretex Companies CEO Steps Down
    • Data Show Porex's Medical Device Filtration Materials Protect Against Virus, Bacteria Spread
    • Endoscopic Hemostasis Devices Market Valued at $730 Million
    • Henry Schein Buys Majority Interest in Prism Medical Products
    • Boston Scientific's Vercise Genus DBS Earns FDA Approval
    View Breaking News >
    CURRENT ISSUE

    November/December 2020

    • Pharmaceutical Focus: A Look at Combination Products
    • The Printed World: Additive Manufacturing in Medtech
    • The Lost Year: 2020 Year in Review
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    NIH Study Compares Low-Fat, Plant-based to Low-Carb, Animal-Based Diet
    Gadot Positions Mineral Line for Vegan Market
    Nutritfy India to Launch Global Broadcast Channel Covering Nutrition
    Coatings World

    Latest Breaking News From Coatings World

    LINE-X Launches Dealer Program with International Truck
    PPG Reports Q4, Full-year 2020 Financial Results
    BASF Begins Implementing Ralignment of Global Business Services Unit
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cretex Companies CEO Steps Down
    Data Show Porex's Medical Device Filtration Materials Protect Against Virus, Bacteria Spread
    Endoscopic Hemostasis Devices Market Valued at $730 Million
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pfizer, BioNTech Enter Vax Pact with COVAX
    FDA Approves Janssen’s CABENUVA
    AGC Biologics Appoints Boulder Site GM
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Coty Appoints Chief Procurement Officer
    Lageen Tubes Launches Mono-Material PE Tube Solutions
    Jason Jones Loses Battle with Covid-19
    Happi

    Latest Breaking News From Happi

    Carol’s Daughter Adds New Hair Products
    Moroccan Gold Series Launches NuDo Shampoo
    Youbody Debuts Waterless Body Wash
    Ink World

    Latest Breaking News From Ink World

    BOBST Demonstrates Future of Flexible Packaging Production at Virtual Open House
    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    AR Packaging Acquiring Firstan Holdings Ltd
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Gallus planning virtual event for March
    Lemu Group engineers mask-making machine
    Niagara Label upgrades with Nilpeter flexo press
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Freudenberg to Establish Apparel Interlining Competence Centers
    Minet Adds Spunlace Line in Romania
    Lemu Group Engineers Mask-Making Machine
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Cretex Companies CEO Steps Down
    Conformis Enters Development & Supply Agreement with SITES Medical
    Sectra, RSA Biomedical Sign Distribution Agreement for Implant Stability Tool
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Ambiq Wins IoT Semiconductor Company of the Year Award
    Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login