Market Overview:
The global home health monitoring device market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in home health monitoring devices. Based on type, the global home health monitoring device market is segmented into heart monitors, breath monitors, hematology monitors, multi-parameter monitors, and others. The heart monitor segment is expected to account for the largest share of the global home health monitoring device market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to increasing awareness about heart diseases and their early detection among consumers worldwide. Based on application, the global home health monitoring device market is divided into care centres and households segments.
Product Definition:
A home health monitoring device is a piece of technology that helps patients keep track of their health while at home. This can include devices that track heart rate, blood pressure, or other vital signs, as well as devices that help patients monitor their medication schedules or diet. Home health monitoring devices can be important for patients who are recovering from surgery or an illness, as they can help ensure that the patient is following the doctor's orders and taking care of themselves properly. Home health monitoring devices can also be helpful for elderly patients who live alone, as they can provide peace of mind to family members and caregivers.
Heart Monitors:
The global heart monitors, it's usage and growth factor in home health monitoring device market size was valued at USD 2.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of rising geriatric population base, increasing prevalence of cardiovascular diseases (CVDs) & hypertension along with growing demand for remote patient monitoring devices.
Breath Monitors:
Breath monitors are devices used to measure the oxygen level in expired air. They are most commonly used in home health monitoring, but can also be used as a stand-alone device for patients with respiratory issues. The primary function of breath monitors is to ensure that patients receive adequate oxygen levels during respiration and help treat conditions such as hypercapnia (elevated carbon dioxide), hypoxemia (low oxygen) or anoxia (absence of oxygen).
Application Insights:
The others segment dominated the global home health monitoring device market in 2017, accounting for 33.3% share of the overall revenue. The segment includes diabetes monitors, spirometry monitors and pharmacology machines among others. These devices help monitor a patient¢â‚¬â„¢s condition at home without having to go to a hospital or clinic every day. Some of these devices can even be used as substitutes for visiting a doctor frequently, which is expected to drive their demand in near future.
The care centre application segment is expected register the fastest CAGR over the forecast period owing to increasing cases of chronic diseases such as heart diseases and cancer that need constant medical monitoring at regular intervals throughout treatment course along with rising awareness about these products among healthcare professionals globally who are increasingly adopting remote patient monitoring due to advantages such as improved accuracy compared to traditional methods along with cost-effectiveness benefits that will further boost growth over next few years especially in Europe.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of home health care services providers, high healthcare expenditure, and favorable reimbursement policies & regulations. The U.S., which is at the forefront of this region, has one of the highest per capita healthcare expenditures in the world coupled with an efficient insurance coverage system that covers almost all expenses incurred during hospitalization or medical treatments at outpatient clinics and hospitals.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving economic conditions and rising disposable income levels in emerging countries such as India & China & Indonesia among others; thus resulting into increased demand for advanced home health care devices for self-monitoring purposes.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increased demand for home health monitoring devices, as they are more suited for elderly patients than hospitals or clinics.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes, heart disease, and respiratory disorders is increasing globally due to changing lifestyles and environmental factors. This is leading to an increased demand for home health monitoring devices as they help patients manage their conditions effectively outside a hospital setting.
- Technological advancements: Home health monitoring devices are becoming increasingly sophisticated with new features being added regularly, such as wireless connectivity and cloud-based data storage capabilities These advancements are making these devices more user-friendly and affordable, which is likely to lead to higher adoption rates among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Health Monitoring Device Market Research Report
By Type
Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, Others
By Application
Care Centre, Household, Others
By Companies
Compumedics Limited, Getinge AB, HILL-ROM HOLDINGS, INC., Masimo Corporation, Roche Diagnostics Limited, Edwards Lifesciences Corporation, Philips Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Abbott Laboratories, Omron Healthcare, GE Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Home Health Monitoring Device Market Report Segments:
The global Home Health Monitoring Device market is segmented on the basis of:
Types
Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Care Centre, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Compumedics Limited
- Getinge AB
- HILL-ROM HOLDINGS, INC.
- Masimo Corporation
- Roche Diagnostics Limited
- Edwards Lifesciences Corporation
- Philips Healthcare
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Abbott Laboratories
- Omron Healthcare
- GE Healthcare
Highlights of The Home Health Monitoring Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heart Monitors
- Breath Monitors
- Hematology Monitors
- Multi-parameter Monitors
- Others
- By Application:
- Care Centre
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Health Monitoring Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A home health monitoring device (HHMD) is a wearable or portable device that monitors vital signs, such as heart rate and blood pressure, in patients at home. HHMDs can be used to improve patient care by providing real-time information about a patient's health status.
Some of the key players operating in the home health monitoring device market are Compumedics Limited, Getinge AB, HILL-ROM HOLDINGS, INC., Masimo Corporation, Roche Diagnostics Limited, Edwards Lifesciences Corporation, Philips Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Abbott Laboratories, Omron Healthcare, GE Healthcare.
The home health monitoring device market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Health Monitoring Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Health Monitoring Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Health Monitoring Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Health Monitoring Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Health Monitoring Device Market Size & Forecast, 2018-2028
4.5.1 Home Health Monitoring Device Market Size and Y-o-Y Growth
4.5.2 Home Health Monitoring Device Market Absolute $ Opportunity
Chapter 5 Global Home Health Monitoring Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Health Monitoring Device Market Size Forecast by Type
5.2.1 Heart Monitors
5.2.2 Breath Monitors
5.2.3 Hematology Monitors
5.2.4 Multi-parameter Monitors
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Health Monitoring Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Health Monitoring Device Market Size Forecast by Applications
6.2.1 Care Centre
6.2.2 Household
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Health Monitoring Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Health Monitoring Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Health Monitoring Device Analysis and Forecast
9.1 Introduction
9.2 North America Home Health Monitoring Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Health Monitoring Device Market Size Forecast by Type
9.6.1 Heart Monitors
9.6.2 Breath Monitors
9.6.3 Hematology Monitors
9.6.4 Multi-parameter Monitors
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Health Monitoring Device Market Size Forecast by Applications
9.10.1 Care Centre
9.10.2 Household
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Health Monitoring Device Analysis and Forecast
10.1 Introduction
10.2 Europe Home Health Monitoring Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Health Monitoring Device Market Size Forecast by Type
10.6.1 Heart Monitors
10.6.2 Breath Monitors
10.6.3 Hematology Monitors
10.6.4 Multi-parameter Monitors
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Health Monitoring Device Market Size Forecast by Applications
10.10.1 Care Centre
10.10.2 Household
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Health Monitoring Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Health Monitoring Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Health Monitoring Device Market Size Forecast by Type
11.6.1 Heart Monitors
11.6.2 Breath Monitors
11.6.3 Hematology Monitors
11.6.4 Multi-parameter Monitors
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Health Monitoring Device Market Size Forecast by Applications
11.10.1 Care Centre
11.10.2 Household
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Health Monitoring Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Health Monitoring Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Health Monitoring Device Market Size Forecast by Type
12.6.1 Heart Monitors
12.6.2 Breath Monitors
12.6.3 Hematology Monitors
12.6.4 Multi-parameter Monitors
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Health Monitoring Device Market Size Forecast by Applications
12.10.1 Care Centre
12.10.2 Household
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Health Monitoring Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Health Monitoring Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Health Monitoring Device Market Size Forecast by Type
13.6.1 Heart Monitors
13.6.2 Breath Monitors
13.6.3 Hematology Monitors
13.6.4 Multi-parameter Monitors
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Health Monitoring Device Market Size Forecast by Applications
13.10.1 Care Centre
13.10.2 Household
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Health Monitoring Device Market: Competitive Dashboard
14.2 Global Home Health Monitoring Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Compumedics Limited
14.3.2 Getinge AB
14.3.3 HILL-ROM HOLDINGS, INC.
14.3.4 Masimo Corporation
14.3.5 Roche Diagnostics Limited
14.3.6 Edwards Lifesciences Corporation
14.3.7 Philips Healthcare
14.3.8 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
14.3.9 Abbott Laboratories
14.3.10 Omron Healthcare
14.3.11 GE Healthcare
