Market Overview:
The global patient home monitoring 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 incidence of chronic diseases, technological advancements in patient home monitoring devices, and rising demand for remote patient monitoring services. Based on type, the global patient home monitoring market is segmented into vital sign monitors, blood pressure monitors, pulse oximeters, heart rate monitor (ECG), temperature monitors, respiratory rate monitors, brain monitor (EEG), and others. The vital sign monitor segment is expected to account for the largest share of the global patient home monitoring market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018 to 2030. This growth can be attributed to increasing demand for portable and easy-to-use vital sign monitors worldwide. Based on application, the global patient home monitoring market is divided into cancer treatment applications; cardiovascular diseases treatment applications; diabetes treatment applications; sleep disorder treatment applications; and other applications such as neurology disorders diagnosis & management etc.).
Product Definition:
Patient home monitoring is a system that allows doctors to monitor patients' health conditions from a remote location. This system is important because it allows doctors to detect any changes in a patient's health condition and make necessary adjustments.
Vital Sign Monitors:
Vital sign monitors are electronic devices that provide real-time vital signs of a patient. They are used in healthcare facilities for two purposes, firstly to monitor patients and secondly to generate the reports. The major factor driving the growth of this market is increasing demand for home healthcare services which has led to an increase in demand for these devices as they can be used at home too. Also, it saves time and cost involved in hospital visits which is also boosting their adoption rate globally.
Blood Pressure Monitor:
Blood pressure monitor is a wearable device that measures blood pressure at the wrist with the help of a cuff. It is mainly used for measuring blood pressure in patients who need to be monitored regularly. The home monitoring devices are portable and can be carried around by patients themselves, which helps them maintain their normal BP levels.
This device has been designed keeping in mind patient convenience as well as healthcare professionals’ ease of handling such data records.
Application Insights:
The application segment is divided into cancer treatment, cardiovascular diseases treatment, diabetes treatment, sleep disorder treatment and others. In 2017, the cancer treatments segment dominated the global market with a share of over 40%. This can be attributed to an increase in prevalence of various cancers such as lung cancer and breast cancer across the globe. According to data published by WHO in 2018, around 1 in 6 women are estimated to develop invasive breast carcinoma during their lifetime which accounts for over 500 thousand cases every year globally. Thus increasing incidences of these types of cancers across the world may drive demand for patient home monitoring devices used for diagnostics or therapy monitoring purposes thus propelling growth during forecast years.
Oncology is one of the fastest growing segments owing to technological advancements coupled with rising awareness about early diagnosis that enables effective management & Treatment options leading to improved quality Of Life (QOL).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels regarding patient safety, and favorable government initiatives are some of the major factors responsible for its large share. For instance, according to a study published in JAMA Internal Medicine by researchers from Harvard T.H. Chan School of Public Health, between January 1 and December 31 2015 more than 10 million people used home health care services; approximately 6% were diagnosed with cancer during this time period which is about double the rate compared to 5 years ago (2010).
Asia Pacific region is expected to witness lucrative growth over the forecast period owing to increasing geriatric population coupled with growing medical tourism industry especially due to low cost of treatment & diagnosis as comparedto developed countries such as U.S., Germany & UK etc.
Growth Factors:
- Increasing incidence of chronic diseases: The Patient Home Monitoring market is driven by the increasing incidence of chronic diseases such as diabetes, heart failure, and respiratory disorders. According to the World Health Organization (WHO), chronic diseases account for 60% of all deaths globally. This is expected to drive the demand for Patient Home Monitoring devices and services in the coming years.
- Growing awareness about patient safety: There is a growing awareness among patients and healthcare professionals about patient safety and its importance in preventing hospital-acquired infections (HAIs). This is driving the demand for Patient Home Monitoring devices and services as they help reduce HAIs by providing timely information on patients’ health status.
- Rising geriatric population: The global geriatric population is growing at a rapid pace due to advances in medical technology and rising life expectancy rates. This is leading to an increase in the number of elderly patients who are susceptible to various chronic diseases that can be monitored using Patient Home Monitoring devices/services .
Scope Of The Report
Report Attributes
Report Details
Report Title
Patient Home Monitoring Market Research Report
By Type
Vital Sign Monitors, Blood Pressure Monitor, Pulse Oximeters, Heart Rate Monitor (ECG), Temperature Monitor, Respiratory Rate Monitor, Brain Monitor (EEG), Others
By Application
Cancer Treatment, Cardiovascular Diseases Treatment, Diabetes Treatment, Sleep Disorder Treatment
By Companies
Biotronik, Boston Scientific Corporation, CAS Medical Systems, CONTEC MEDICAL, Dragerwerk, GE Healthcare, Guangdong Biolight Meditech, Medtronic, Mindray Medical, Nihon Kohden, Philips Healthcare, Spacelabs Healthcare, St. Jude Medical, Protech Home Medical
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Patient Home Monitoring Market Report Segments:
The global Patient Home Monitoring market is segmented on the basis of:
Types
Vital Sign Monitors, Blood Pressure Monitor, Pulse Oximeters, Heart Rate Monitor (ECG), Temperature Monitor, Respiratory Rate Monitor, Brain Monitor (EEG), 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
Cancer Treatment, Cardiovascular Diseases Treatment, Diabetes Treatment, Sleep Disorder Treatment
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:
- Biotronik
- Boston Scientific Corporation
- CAS Medical Systems
- CONTEC MEDICAL
- Dragerwerk
- GE Healthcare
- Guangdong Biolight Meditech
- Medtronic
- Mindray Medical
- Nihon Kohden
- Philips Healthcare
- Spacelabs Healthcare
- St. Jude Medical
- Protech Home Medical
Highlights of The Patient Home Monitoring 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:
- Vital Sign Monitors
- Blood Pressure Monitor
- Pulse Oximeters
- Heart Rate Monitor (ECG)
- Temperature Monitor
- Respiratory Rate Monitor
- Brain Monitor (EEG)
- Others
- By Application:
- Cancer Treatment
- Cardiovascular Diseases Treatment
- Diabetes Treatment
- Sleep Disorder Treatment
- 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 Patient Home Monitoring 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?
Patient home monitoring is a type of telehealth technology that allows patients to receive care and support from health professionals remotely. Patients use devices such as smart phones, tablets, or computers to access online resources and communicate with healthcare providers. Home monitoring can help improve patient compliance with prescribed treatments and provide peace of mind for caregivers.
Some of the major players in the patient home monitoring market are Biotronik, Boston Scientific Corporation, CAS Medical Systems, CONTEC MEDICAL, Dragerwerk, GE Healthcare, Guangdong Biolight Meditech, Medtronic, Mindray Medical, Nihon Kohden, Philips Healthcare, Spacelabs Healthcare, St. Jude Medical, Protech Home Medical.
The patient home monitoring market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Patient Home Monitoring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Patient Home Monitoring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Patient Home Monitoring Market - Supply Chain
4.5. Global Patient Home Monitoring Market Forecast
4.5.1. Patient Home Monitoring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Patient Home Monitoring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Patient Home Monitoring Market Absolute $ Opportunity
5. Global Patient Home Monitoring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Patient Home Monitoring Market Size and Volume Forecast by Type
5.3.1. Vital Sign Monitors
5.3.2. Blood Pressure Monitor
5.3.3. Pulse Oximeters
5.3.4. Heart Rate Monitor (ECG)
5.3.5. Temperature Monitor
5.3.6. Respiratory Rate Monitor
5.3.7. Brain Monitor (EEG)
5.3.8. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Patient Home Monitoring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Patient Home Monitoring Market Size and Volume Forecast by Application
6.3.1. Cancer Treatment
6.3.2. Cardiovascular Diseases Treatment
6.3.3. Diabetes Treatment
6.3.4. Sleep Disorder Treatment
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Patient Home Monitoring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Patient Home Monitoring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Patient Home Monitoring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Patient Home Monitoring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Patient Home Monitoring Demand Share Forecast, 2019-2029
9. North America Patient Home Monitoring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Patient Home Monitoring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Patient Home Monitoring Market Size and Volume Forecast by Application
9.4.1. Cancer Treatment
9.4.2. Cardiovascular Diseases Treatment
9.4.3. Diabetes Treatment
9.4.4. Sleep Disorder Treatment
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Patient Home Monitoring Market Size and Volume Forecast by Type
9.7.1. Vital Sign Monitors
9.7.2. Blood Pressure Monitor
9.7.3. Pulse Oximeters
9.7.4. Heart Rate Monitor (ECG)
9.7.5. Temperature Monitor
9.7.6. Respiratory Rate Monitor
9.7.7. Brain Monitor (EEG)
9.7.8. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Patient Home Monitoring Demand Share Forecast, 2019-2029
10. Latin America Patient Home Monitoring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Patient Home Monitoring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Patient Home Monitoring Market Size and Volume Forecast by Application
10.4.1. Cancer Treatment
10.4.2. Cardiovascular Diseases Treatment
10.4.3. Diabetes Treatment
10.4.4. Sleep Disorder Treatment
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Patient Home Monitoring Market Size and Volume Forecast by Type
10.7.1. Vital Sign Monitors
10.7.2. Blood Pressure Monitor
10.7.3. Pulse Oximeters
10.7.4. Heart Rate Monitor (ECG)
10.7.5. Temperature Monitor
10.7.6. Respiratory Rate Monitor
10.7.7. Brain Monitor (EEG)
10.7.8. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Patient Home Monitoring Demand Share Forecast, 2019-2029
11. Europe Patient Home Monitoring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Patient Home Monitoring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Patient Home Monitoring Market Size and Volume Forecast by Application
11.4.1. Cancer Treatment
11.4.2. Cardiovascular Diseases Treatment
11.4.3. Diabetes Treatment
11.4.4. Sleep Disorder Treatment
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Patient Home Monitoring Market Size and Volume Forecast by Type
11.7.1. Vital Sign Monitors
11.7.2. Blood Pressure Monitor
11.7.3. Pulse Oximeters
1.7.4. Heart Rate Monitor (ECG)
11.7.5. Temperature Monitor
11.7.6. Respiratory Rate Monitor
11.7.7. Brain Monitor (EEG)
11.7.8. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Patient Home Monitoring Demand Share, 2019-2029
12. Asia Pacific Patient Home Monitoring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Patient Home Monitoring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Patient Home Monitoring Market Size and Volume Forecast by Application
12.4.1. Cancer Treatment
12.4.2. Cardiovascular Diseases Treatment
12.4.3. Diabetes Treatment
12.4.4. Sleep Disorder Treatment
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Patient Home Monitoring Market Size and Volume Forecast by Type
12.7.1. Vital Sign Monitors
12.7.2. Blood Pressure Monitor
12.7.3. Pulse Oximeters
12.7.4. Heart Rate Monitor (ECG)
12.7.5. Temperature Monitor
12.7.6. Respiratory Rate Monitor
12.7.7. Brain Monitor (EEG)
12.7.8. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Patient Home Monitoring Demand Share, 2019-2029
13. Middle East & Africa Patient Home Monitoring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Patient Home Monitoring Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Patient Home Monitoring Market Size and Volume Forecast by Application
13.4.1. Cancer Treatment
13.4.2. Cardiovascular Diseases Treatment
13.4.3. Diabetes Treatment
13.4.4. Sleep Disorder Treatment
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Patient Home Monitoring Market Size and Volume Forecast by Type
13.7.1. Vital Sign Monitors
13.7.2. Blood Pressure Monitor
13.7.3. Pulse Oximeters
13.7.4. Heart Rate Monitor (ECG)
13.7.5. Temperature Monitor
13.7.6. Respiratory Rate Monitor
13.7.7. Brain Monitor (EEG)
13.7.8. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Patient Home Monitoring Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Patient Home Monitoring Market: Market Share Analysis
14.2. Patient Home Monitoring Distributors and Customers
14.3. Patient Home Monitoring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Biotronik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boston Scientific Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CAS Medical Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CONTEC MEDICAL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dragerwerk
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE Healthcare
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guangdong Biolight Meditech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Medtronic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mindray Medical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nihon Kohden
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Philips Healthcare
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Spacelabs Healthcare
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. St. Jude Medical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Protech Home Medical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
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