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Increasing Chronic Disease Incidence To Drive Global Home Healthcare Monitoring Device Market Growth

Home healthcare monitoring devices are medical devices that provide cost-effective, convenient, safe, and appropriate setting to patients in their house itself. Several devices are utilized for at-home care to be taken of patients, such as, wheel chair, infusion pumps, glucose meters, apnea monitors, and cannula.

Within recent years, the home healthcare monitoring device market has changed within recent years, on account of the rise in incidence of numerous chronic diseases and substantial increase in elderly population. In addition, technological improvements such as portability, smaller size, and ease to access will further drive the growth of the global home healthcare monitoring device market. Also, new technologies like medication administration devices, needle-free diabetic care, and durable medical devices, such as lift chairs & medical beds, will fuel the market expansion. Nevertheless, the increase in concerns associated with patient safety and strain in acclimatizing to medical devices might hamper market growth to some extent.

The global home healthcare monitoring device market can be segregated based on type, disease, and region. The type segment is split into home diagnostics & monitoring devices (further sub-divided into home conventional monitors and home telemedicine patient monitoring systems), home therapeutic device (further sub-categorized into home IV devices, home dialysis machines, home respiratory therapy device, and other home therapeutic devices), and home patient support devices (further sub-segmented into home healthcare furniture, home mobility assist equipment, and bathroom safety equipment). The disease segment is classified into motion impairments, diabetes, sleep disorder, respiratory diseases, hypertension, kidney failure, and other diseases.

The global home healthcare monitoring device market is projected to be governed by North America with biggest share during the forecast period. This regional expansion is contributed by the rise in chronic diseases like high blood pressure, diabetes, asthma, and others. Likewise, Asia Pacific is also expected to witness considerable growth during the forecast period on account of increase in consciousness among people regarding advantages of home healthcare monitoring device and rise in disposable income.

Few of prominent players profiled in the global home healthcare devices market consist of Becton, Dickinson and Co., A&D Co. Ltd., DeVilbiss Healthcare LLC, Cardinal Health Inc., Gambro, Fresenius Medical Care AG & Co. KGaA, I-FlOW, Hill-Rom Holdings Inc., Kinetic Concepts Inc., Johnson & Johnson, Mason Medical Products, Linde Group, OMRON Corp., NxStage Medical Inc., ResMed Corp., Permobil AB, Teleflex Inc., Smiths Group plc, and Wallach Surgical Devices Inc. To cite, UPOlife, a Latvian healthtech startup, is introducing a remote health monitoring solution to assist deal with cardiovascular diseases within Europe. The new heart monitoring product of UPOlife is a pocket-size, personal, portable electrocardiogram device that functions in group with cloud-based AI analytics and an app.

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