Market Overview:
The global home healthcare monitoring device market is expected to grow at a CAGR of 7.5% 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 growing demand for home healthcare services. Based on type, the blood pressure monitors segment is expected to account for the largest share of the global home healthcare monitoring device market in 2018. This segment is also projected to grow at a high CAGR during the forecast period. The growth in this segment can be attributed to factors such as increasing incidence of hypertension and other cardiovascular diseases and growing awareness about early diagnosis and treatment of these conditions. Based on application, rehabilitation is expected to account for the largest share of the global home healthcare monitoring device market in 2018.
Product Definition:
A home healthcare monitoring device is a device that allows for the tracking of a patient's health from the comfort of their own home. This can include things such as blood pressure, heart rate, oxygen levels and more. Home healthcare monitoring devices are often used to help patients who are chronically ill or have a condition that requires frequent monitoring. They can also be helpful for people who are recovering from surgery or an illness and need to be monitored closely.
Blood Pressure Monitors:
Blood pressure monitors are devices used to measure the blood pressure of a patient. It is an invasive procedure and involves two punctures being made in the skin, one on the forehead and another near the elbow. The machine that measures blood pressure must be approved by the U.S Food and Drug Administration (FDA).
Blood Glucose Monitors:
Blood glucose monitors are devices used to measure blood sugar levels in humans. They are also used as a tool for the diagnosis of diabetes and other related diseases. Blood glucose monitors can be classified into two types: self-monitoring devices and insulin monitoring systems. Self-monitoring devices include lancets, testing strips, continuous glucose monitoring systems, etc., while insulin monitoring systems include analog & digital meters with test strips and pen needles for drawing blood samples.
Application Insights:
The home healthcare monitoring devices are used in a variety of applications such as rehabilitation, infusion therapy, unskilled care, respiratory therapy and others. The other application segment includes the use of home healthcare monitoring devices in diabetes management and cardiovascular diseases. Infusion therapy is expected to be the fastest-growing segment over the forecast period owing to increasing usage of parenteral nutrition for patients requiring long-term nutritional support at home.
The skilled care application is expected to witness growth with a CAGR exceeding 7% from 2018 to 2030 due largely on account of government initiatives that aim at improving access to high quality skilled health services for all citizens across all regions globally.
Regional Analysis:
North America dominated the global home healthcare monitoring devices market in 2016. The presence of favorable reimbursement policies, increasing awareness about early diagnosis and availability of highly skilled physicians are some factors attributing to its large share. Moreover, the high cost of hospitalization is another factor contributing to its growth. According to a study published by Truven Health Analytics in 2017, an average hospital stay costs around USD X for a patient with chronic diseases such as diabetes or heart failure.
Asia Pacific region is expected to grow at the highest rate during the forecast period owing to various government initiatives being undertaken in this region regarding quality medical care at home rather than expensive institutional care settings which offer sub-optimal services due low reimbursements from insurance companies.
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 healthcare monitoring devices, as they are more affordable and convenient than hospital-based care for the elderly.
- 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 healthcare monitoring devices that can help patients manage their conditions effectively outside a hospital setting.
- Technological advancements: Home healthcare monitoring devices are becoming increasingly sophisticated with new features being added regularly, such as wireless connectivity, automatic data logging, cloud storage capabilities etc., making them more user-friendly and efficient than ever before. This is likely to fuel their adoption among consumers in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Healthcare Mornitoring Device Market Research Report
By Type
Blood Pressure Monitors, Blood Glucose Monitors, Pulse Oximeters, Peak Flow Meters, Heart Rate Monitors, Fetal Monitoring Devices, Others
By Application
Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, Others
By Companies
Philips Healthcare (Netherlands), Kindred Healthcare (US), Linde Group (Germany), Almost Family Inc. (US), Abbott Laboratories (US), LHC Group (US), A&D (Japan), Amedisys (US), Fresenius (Germany), Omron (Japan), McKesson (US), Philips Healthcare (Netherlands), Kinnser Software, Inc. (US), Roche (Switzerland)
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Home Healthcare Mornitoring Device Market Report Segments:
The global Home Healthcare Mornitoring Device market is segmented on the basis of:
Types
Blood Pressure Monitors, Blood Glucose Monitors, Pulse Oximeters, Peak Flow Meters, Heart Rate Monitors, Fetal Monitoring Devices, 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
Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, 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:
- Philips Healthcare (Netherlands)
- Kindred Healthcare (US)
- Linde Group (Germany)
- Almost Family Inc. (US)
- Abbott Laboratories (US)
- LHC Group (US)
- A&D (Japan), Amedisys (US)
- Fresenius (Germany)
- Omron (Japan)
- McKesson (US)
- Philips Healthcare (Netherlands)
- Kinnser Software, Inc. (US)
- Roche (Switzerland)
Highlights of The Home Healthcare Mornitoring 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:
- Blood Pressure Monitors
- Blood Glucose Monitors
- Pulse Oximeters
- Peak Flow Meters
- Heart Rate Monitors
- Fetal Monitoring Devices
- Others
- By Application:
- Rehabilitation
- Infusion Therapy
- Unskilled Care
- Respiratory Therapy
- 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 Healthcare Mornitoring 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 healthcare monitoring device is a small, portable device that helps caregivers keep track of the health and well-being of their loved ones at home. These devices can be used to monitor heart rate, blood pressure, breathing rates, and more. They can also provide alerts if there are any changes in a person's vital signs that may indicate an issue.
Some of the key players operating in the home healthcare mornitoring device market are Philips Healthcare (Netherlands), Kindred Healthcare (US), Linde Group (Germany), Almost Family Inc. (US), Abbott Laboratories (US), LHC Group (US), A&D (Japan), Amedisys (US), Fresenius (Germany), Omron (Japan), McKesson (US), Philips Healthcare (Netherlands), Kinnser Software, Inc. (US), Roche (Switzerland).
The home healthcare mornitoring device market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Healthcare Mornitoring 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 Healthcare Mornitoring Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Healthcare Mornitoring 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 Healthcare Mornitoring 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 Healthcare Mornitoring Device Market Size & Forecast, 2020-2028
4.5.1 Home Healthcare Mornitoring Device Market Size and Y-o-Y Growth
4.5.2 Home Healthcare Mornitoring Device Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Blood Pressure Monitors
5.2.2 Blood Glucose Monitors
5.2.3 Pulse Oximeters
5.2.4 Peak Flow Meters
5.2.5 Heart Rate Monitors
5.2.6 Fetal Monitoring Devices
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Rehabilitation
6.2.2 Infusion Therapy
6.2.3 Unskilled Care
6.2.4 Respiratory Therapy
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Healthcare Mornitoring 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 Healthcare Mornitoring 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Blood Pressure Monitors
9.6.2 Blood Glucose Monitors
9.6.3 Pulse Oximeters
9.6.4 Peak Flow Meters
9.6.5 Heart Rate Monitors
9.6.6 Fetal Monitoring Devices
9.6.7 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 Market Size Forecast by Applications
9.10.1 Rehabilitation
9.10.2 Infusion Therapy
9.10.3 Unskilled Care
9.10.4 Respiratory Therapy
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Blood Pressure Monitors
10.6.2 Blood Glucose Monitors
10.6.3 Pulse Oximeters
10.6.4 Peak Flow Meters
10.6.5 Heart Rate Monitors
10.6.6 Fetal Monitoring Devices
10.6.7 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 Market Size Forecast by Applications
10.10.1 Rehabilitation
10.10.2 Infusion Therapy
10.10.3 Unskilled Care
10.10.4 Respiratory Therapy
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Blood Pressure Monitors
11.6.2 Blood Glucose Monitors
11.6.3 Pulse Oximeters
11.6.4 Peak Flow Meters
11.6.5 Heart Rate Monitors
11.6.6 Fetal Monitoring Devices
11.6.7 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 Market Size Forecast by Applications
11.10.1 Rehabilitation
11.10.2 Infusion Therapy
11.10.3 Unskilled Care
11.10.4 Respiratory Therapy
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Blood Pressure Monitors
12.6.2 Blood Glucose Monitors
12.6.3 Pulse Oximeters
12.6.4 Peak Flow Meters
12.6.5 Heart Rate Monitors
12.6.6 Fetal Monitoring Devices
12.6.7 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 Market Size Forecast by Applications
12.10.1 Rehabilitation
12.10.2 Infusion Therapy
12.10.3 Unskilled Care
12.10.4 Respiratory Therapy
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Blood Pressure Monitors
13.6.2 Blood Glucose Monitors
13.6.3 Pulse Oximeters
13.6.4 Peak Flow Meters
13.6.5 Heart Rate Monitors
13.6.6 Fetal Monitoring Devices
13.6.7 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) Market Size Forecast by Applications
13.10.1 Rehabilitation
13.10.2 Infusion Therapy
13.10.3 Unskilled Care
13.10.4 Respiratory Therapy
13.10.5 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 Healthcare Mornitoring Device Market: Competitive Dashboard
14.2 Global Home Healthcare Mornitoring Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Healthcare (Netherlands)
14.3.2 Kindred Healthcare (US)
14.3.3 Linde Group (Germany)
14.3.4 Almost Family Inc. (US)
14.3.5 Abbott Laboratories (US)
14.3.6 LHC Group (US)
14.3.7 A&D (Japan), Amedisys (US)
14.3.8 Fresenius (Germany)
14.3.9 Omron (Japan)
14.3.10 McKesson (US)
14.3.11 Philips Healthcare (Netherlands)
14.3.12 Kinnser Software, Inc. (US)
14.3.13 Roche (Switzerland)
