Homecare Monitoring Market Size (Value, Volume, ASP) by Segments, Share, Trend and SWOT Analysis, Regulatory and Reimbursement Landscape, Procedures, and Forecast, 2015-2030

Homecare Monitoring Market Report Overview

The homecare monitoring market size is valued at $434.9 million in 2021. Home care monitoring includes various healthcare items and these gadgets provide effective health monitoring and diagnosis to individuals. They are portable, user-friendly devices that enable simple access at the convenience of the patient’s home. 

Homecare monitoring devices use digital technology to transmit or transfer communication between the patients and the providers. Patients are capable of monitoring themselves to collect data about their health at various times of the day and send the data securely and electronically to clinicians and technicians. 

Homecare Monitoring Market Overview 2021-2030 ($ Million) 

The homecare monitoring market research report provides insights into key business strategies by understanding the trends shaping and driving the homecare monitoring market. It will also help you to drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the homecare monitoring market in the future. 

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Homecare Monitoring Market Dynamics

Home care monitoring became an essential strategy to face COVID-19 and chronic diseases. Increased awareness among patients and their families, and public-private initiatives developed in a short period, contributed to this practice. After COVID-19, both the public and private sectors are expected to increase their reliance on home care for infectious and chronic diseases.

As the prevalence of diseases rises and the workforce ages, there will be a growing demand for healthcare. Healthcare systems both now and in the future welcome technologies that help lessen this strain.  Homecare monitoring in combination with digital health technology will offer patients more control over their health from home. Additionally, the use of cutting-edge technologies in digitally transformed healthcare systems will increase patient care quality while lowering costs.

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Homecare Monitoring Market Segmentation by Regions

The key regions in the homecare monitoring market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. In 2021, North America held the largest homecare monitoring market share. The region is also expected to retain its position during the forecast period. In addition, the US holds the largest contribution to the regional market.

The regional growth is mainly due to a rise in the prevalence and incidence of diseases such as influenza, chronic obstructive pulmonary disease (COPD), pneumonia, Asthma, and other lung diseases which need continuous monitoring. The end-users of homecare monitoring can range from newborns to adults. The usage varies in condition for relatively stable patients.

Homecare Monitoring Market Analysis by Regions, 2021 (%)

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Homecare Monitoring Market Segments

The key segment of the homecare monitoring market is the external remote patient monitoring devices, which is sub-segmented into vital signs monitoring device. Oxygen saturation monitoring and blood pressure monitoring are the key sub-segments of vital signs monitoring devices. Oxygen saturation monitoring had the highest market value in the homecare monitoring market.

Homecare Monitoring Market Analysis, by Sub-Segments

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Homecare Monitoring Market - Competitive Landscape

Some of the leading companies in the homecare monitoring market are Omron Healthcare, Philips Healthcare, Masimo Corp, Hill-Rom Holdings Inc, and Contec Medical System. Omron Healthcare held the largest homecare monitoring market share in terms of value and volume in 2021.

 Homecare Monitoring Market Analysis by Companies, 2021 (%)

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Segments Covered in this Report.

Homecare Monitoring Market Segment Outlook ($ Million, 2015-2030)

• External remote patient monitoring devices
  • Vital signs monitoring devices
    • Blood Pressure monitoring
    • Oxygen saturation monitoring

Homecare Monitoring Market Regional Outlook ($ Million, 2015-2030)

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• South and Central America

Scope

This report provides:

• Insightful review of the key industry trends.
• Annualized total homecare monitoring devices market revenue by segment and market outlooks.
• Granular data on the total installed base, units, average selling prices, and market values by segment.
• Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the homecare monitoring market.
• Competitive dynamics insights and trends provided for the homecare monitoring market.
• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Reasons to Buy

The model will enable you to:

• Understand the impact of COVID-19 on the homecare monitoring market.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving the homecare monitoring market.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the homecare monitoring market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
• Track device sales in the global and country-specific homecare monitoring market from 2015-2030.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.