Home monitoring devices give access to a range of essential and registered home monitoring devices for monitoring certain chronic and acute conditions. This device allows the continuous monitoring of patient's heart rate, pulse rate, blood pressure, blood oxygen saturation, and many other physiological parameters.
MARKET SCOPE
The "Global Home Healthcare Monitoring Device Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Home Healthcare Monitoring Device market with detailed market segmentation by product and application. The report provides key statistics on the market status of the leading Home Healthcare Monitoring Device market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product the market is segmented as, blood glucose monitoring systems, cardiac monitoring devices, multiparameter monitoring devices, respiratory monitoring devices, temperature monitoring devices, hemodynamic monitoring devices, fetal and neonatal monitoring devices, neuromonitoring devices, weight monitoring devices, and others patient monitoring devices.
- Based on the application the market is segmented as, cardiac patient monitoring, blood glucose monitoring, respiratory monitoring, others.
MARKET DYNAMICS
Drivers:
- Rising prevalence of chronic and acute health conditions.
- The high cost of hospitals and continuous visits to hospitals.
- Extensive R&D efforts by medical device companies to develop advanced devices for home patient monitoring is expected to fuel market growth.
- The presence of an advance medical technology.
Restraints:
- Education and training is required for the operation of home patient monitoring devcies.
- Whereas, the high cost of maintainance is expected to restrain the market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Home Healthcare Monitoring Device market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the Home Healthcare Monitoring Device market in these regions.
IMPACT OF COVID-19 ON HOME HEALTHCARE MONITORING DEVICE MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Home Healthcare Monitoring Device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the Home Healthcare Monitoring Device market are anticipated to have lucrative growth opportunities in the future with the rising demand for Home Healthcare Monitoring Device in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Home Healthcare Monitoring Device market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABBOTT LABORATORIES
- MASIMO CORPORATION
- COMPUMEDICS LIMITED
- SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO.,
- NIHON KOHDEN CORPORATION
- HILL-ROM HOLDINGS, INC.
- DRAGERWERK AG AND CO. KGAA
- EDWARDS LIFESCIENCES CORPORATION
- OMRON CORPORATION