The home-care monitoring and diagnostics market has the potential to grow by USD 8.51 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.06%.
This home-care monitoring and diagnostics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (SMBG devices, sleep apnea devices, blood pressure and heart rate monitors, and others) and geography (North America, Europe, Asia, and ROW). The home-care monitoring and diagnostics market report also offers information on several market vendors, including Abbott Laboratories, Bioptik Technology Inc., Chembio Diagnostics Inc., F. Hoffmann-La Roche Ltd., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, OMRON Corp., PHC Holdings Corp., and VectraCor Inc. among others.
What will the Home-care Monitoring and Diagnostics Market Size be in 2021?
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Home-care Monitoring and Diagnostics Market: Key Drivers and Trends
The increasing incidence of chronic diseases and rise in the geriatric population are notably driving the home-care monitoring and diagnostics market growth, although factors such as competitive pricing pressure and counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the home-care monitoring and diagnostics industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This home-care monitoring and diagnostics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Home-care Monitoring and Diagnostics Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Abbott Laboratories
- Bioptik Technology Inc.
- Chembio Diagnostics Inc.
- F. Hoffmann-La Roche Ltd.
- Johnson and Johnson Inc.
- Koninklijke Philips NV
- Medtronic Plc
- OMRON Corp.
- PHC Holdings Corp.
- VectraCor Inc.
The vendor landscape of the home-care monitoring and diagnostics market entails successful business strategies deployed by the vendors. The home-care monitoring and diagnostics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the home-care monitoring and diagnostics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Home-care Monitoring and Diagnostics Market?
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40% of the market’s growth will originate from North America during the forecast period. The US is the key market for home-care monitoring and diagnostics market in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The growing demand for home-care monitoring equipment will facilitate the home-care monitoring and diagnostics market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
What are the Revenue-generating Product Segments in the Home-care Monitoring and Diagnostics Market?
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The home-care monitoring and diagnostics market share growth by the SMBG devices segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the home-care monitoring and diagnostics market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
What are the Key Factors Covered in this Home-care Monitoring and Diagnostics Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive home-care monitoring and diagnostics market growth during the next five years
- Precise estimation of the home-care monitoring and diagnostics market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the home-care monitoring and diagnostics market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of home-care monitoring and diagnostics market vendors
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