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.
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