Homecare Self-monitoring devices are consumer-grade devices that help to monitor the health of individuals at home. These devices are usually low-cost and easily procurable, and they can be operated by patients or their caretakers with minimal training. Healthcare monitoring has been of interest to researchers for a long time and daily monitoring is very important in chronic diseases such as asthma, diabetes, and hypertension. Various self-monitoring devices are used in homecare such as automatic blood pressure monitors, blood glucose monitors, pulse oximeters, electrocardiographs, digital thermometers, and infrared thermometers. Appointments at Doctor’s surgeries can now be a long wait, so self-monitoring at home will help patients monitor their conditions and ask for help if needed. Remote patient monitoring (RPM) devices allow providers to monitor, report, and analyze their patient’s acute or chronic conditions from outside the hospital or clinic setting.
Market Dynamics
Market players are increasing product approval by regulatory bodies, which is expected to drive the growth of the global homecare self-monitoring device market, over the forecast period. For instance, on April 14, 2023, Abbott. a U.S.-based medical devices and healthcare company got U.S. Food and Drug Administration (FDA) approval for FREESTYLE LIBRE 3 SYSTEM. It is continuous glucose monitoring (iCGM) system having features like the world's smallest, thinnest, and most discreet glucose sensor. The most accurate 14-day CGM system to help reduce time spent in hypoglycemia and improve overall glucose control. Painless to apply and wear with a simple piece applicator. The Real-time glucose alarms in self-monitoring devices let you know the minute your glucose is too high or too low.
Key features of the study:
- This report provides an in-depth analysis of the global homecare self-monitoring device market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global homecare self-monitoring device market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies Key companies covered as a part of this study include Abbott- diabetes, Roche Diabetes Care, HELYXON HealthCare Solutions Private Ltd, GE HealthCare, ResMed, Inc., MIR Medical International Research USA. Inc, F. Hoffmann-La Roche Ltd, BAYER HEALTHCARE, OMRON Healthcare India, Guardian Connect system, InBody Asia., Medtronic plc, KARABINIS MEDICAL SA, Pulsatom Healthcare, Cofoe Medical Technology Co., Ltd, Pylo Health.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global homecare self-monitoring device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global homecare self-monitoring device market
Detailed Segmentation:
- Global Homecare Self-Monitoring Device Market, By Type:
- Blood Pressure Monitors
- Blood Glucose Monitors
- SPO2 Monitoring Kit
- ECG Machines
- Sleep Testing Device
- Others (Thermometers, Weight Scale, Among Others)
- Global Homecare Self-Monitoring Device Market, By Application:
- Metabolic Disorders
- Circulatory Disorders
- Respiratory Track Disorder
- Others (Weight Management And Others)
- Global Homecare Self-Monitoring Device Market, By device type:
- Wearable
- Hand Held
- Others (Patches And Others)
- Global Homecare Self-Monitoring Device Market, By Region:
- North America
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Abbott- diabetes.
- Roche Diabetes Care
- HELYXON HealthCare Solutions Private Ltd
- GE HealthCare
- ResMed, Inc.
- MIR Medical International Research USA. Inc
- F. Hoffmann-La Roche Ltd
- BAYER HEALTHCARE
- OMRON Healthcare India
- Guardian Connect system
- InBody Asia.
- Medtronic plc
- KARABINIS MEDICAL SA
- Pulsatom healthcare
- Cofoe Medical Technology Co.Ltd
- Pylo Health
