The global home health monitoring device market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing integration of health monitoring technologies with the wearables such as a smartwatch, fit bands, and many others. This factor will fuel the growth of the market during the forecast period.
Today, smartphones and wireless devices play a major role in health monitoring while sitting at the home. It offers various benefits such as cardiac telemetry, ECG recording, remote monitoring systems, blood pressure, and many others. Due to the COVID-19 pandemic, people globally have become aware of personal health and have understood the importance of it, this has lead to the huge demand for the home health monitoring devices such as oxymeter, glucometer, temperature monitoring devices, and many others. This will fuel the demand of the market during the forecast period.
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Some of the key players in the global home health monitoring device market are Abbott Laboratories, Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Edwards Lifesciences Corporation, Omron Corporation, and many others. For instance, In July 2020, Medtronic launched Insertable Cardiac Monitor (ICM) after it got approval from US FDA, it will be beneficial to monitor those patients who are suffering from abnormal heart rhythms. The data captured by the device is transfer to MyCareLink Heart Mobile App. Such integration of technology with health devices will fuel the growth of the market significantly during the forecast period.
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Market Coverage
- Segment Covered-
o By Product
o By End-User
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – Abbott Laboratories, Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Edwards Lifesciences Corporation, Omron Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Home Health Monitoring Device Market by Segments
- By Product
- Glucometer
- Cardiac Monitoring Devices
- Oxymeter
- Multi-parameter monitoring devices
- Temperature monitoring devices
- By End-User
- Hospitals
- Ambulatory Surgery Centres
- Home Care Settings
- Others
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