The self-care medical device market, which encompasses blood pressure monitors, heart rate monitors, pregnancy and fertility test kits, sleep apnea monitors and similar devices, is forecasted to reach $16.8 billion worldwide by 2017, according to a report from Transparency Market Research.
The market growth will be driven by rising incidence of chronic and lifestyle diseases such as diabetes and hypertension, according to the report.
Some of the key players in the market include 3M Healthcare, Abbott Laboratories, GE Healthcare, Medtronic, Johnson and Johnson and Philips Healthcare.
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