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Global Home-care Monitoring and Diagnostics Market 2016-2020

About Home-care Monitoring and Diagnostics

Home-care diagnostics and monitoring devices refer to a wide range of medical products (including heart rate monitors, blood glucose level indicators, and nebulizers), and services, that provide health monitoring, treatment, and physical support to individuals. People need not visit a hospital or any other healthcare facility to benefit from these offerings; they can be accessed with comfort at homes.

Technavio’s analysts forecast the global home-care diagnostics and monitoring market to grow at a CAGR of 8.71% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global home-care diagnostics and monitoring market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of global home-care diagnostics and monitoring devices.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Home-care Monitoring and Diagnostics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott Diagnostics
  • Johnson & Johnson
  • Roche Diagnostics
  • Philips Healthcare
  • Omron Healthcare
  • Medtronic
Other prominent vendors
  • Animas
  • Bioptik Technology
  • Chongqing Haray International Business
  • Fitbit
  • Gluco-Ease
  • GlySens
  • Grove Instruments
  • Jawbone
  • Nike
  • QRS Diagnostic
Market driver
  • Increasing incidence of chronic diseases and rise in geriatric population
  • For a full, detailed list, view our report
Market challenge
  • Challenges related to designing of devices
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of product bundling strategy by vendors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Home-care Monitoring and Diagnostics Market 2016-2020

Technavio recognizes the following companies as the key players in the global home-care monitoring and diagnostics market: Abbott Diagnostics, Johnson & Johnson, Roche Diagnostics, Philips Healthcare, Omron Healthcare, and Medtronic

Other Prominent Vendors in the market are: Animas, Bioptik Technology, Chongqing Haray International Business, Fitbit, Gluco-Ease, GlySens, Grove Instruments, Jawbone, Nike, and QRS Diagnostic

Commenting on the report, an analyst from Technavio’s team said: “Vendors are bundling two or more products or services to achieve product differentiation and provide better solutions. For example, along with vital signs monitors, vendors are offering accessories to individuals to monitor their blood pressure levels. Patients consider using such packaged offerings to individual products as they prove to be cost-effective. Additionally, vendors are gaining significant popularity worldwide by providing testing kits comprising blood pressure monitors, thermometers, blood glucose monitors, and pulse oximeters. This marketing strategy has helped various vendors to take competitive advantage. This trend is expected to show a strong impact on the market growth during the forecast period.”

According to the report, the increase in per capita income globally has increased the disposable income. Most people in developed and developing countries are now able to use self-care medical devices owing to their increased disposable income. This has led end-users to spend more on improving their living standards. The growing demand for self-care medical devices and home-based therapy have increased market growth. Over the past decade, the disposable income of more than 40% of people in North America and about 30% in Europe has increased. A rise in the disposable income of people in APAC has led to high customer expenditure and changes in consumption patterns of self-care medical devices. More number of people worldwide are now able to seek basic diagnostic management on their own. These spending patterns of individuals present significant growth opportunities for vendors and investors to expand their businesses, particularly in emerging markets. End-users are ready to pay premium prices for branded sports equipment and pedometers for factors such as comfort, quality, and efficiency.

Further, the report states that the market is highly competitive with the presence of a few established vendors, and many new and small companies. Both global and local vendors offer a wide range of ambulatory blood pressure monitors, most of which are similar in design and technology. Global companies invest significantly in marketing, promotion, and improvement of their brand quality to gain profit margins. However, the intense competition in the market leads to price war. This causes global vendors to lower the average selling price of their devices to compete for high volume and low-cost sales agreement. Vendors also offer discounts, which further contribute to market competition. Thus, vendors, particularly leading companies, are operating on low-profit margins.

Companies Mentioned

Abbott Diagnostics, Johnson & Johnson, Roche Diagnostics, Philips Healthcare, Omron Healthcare, Medtronic, Animas, Bioptik Technology, Chongqing Haray International Business, Fitbit, Gluco-Ease, GlySens, Grove Instruments, Jawbone, Nike, QRS Diagnostic.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global Home-care diagnostics and monitoring devices market overview 2015
    • Market size and forecast
      • Table Global home-care monitoring and diagnostics market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global home-care diagnostics and monitoring devices 2015
    • SMBG devices
      • Table Global home-care SMBG devices market 2015-2020 ($ billions)
      • Table Opportunity analysis of home-care SMBG devices market
    • Sleep apnea devices
      • Table Global home-care sleep apnea devices market 2015-2020 ($ billions)
      • Table Opportunity analysis of home-care sleep apnea devices market
    • Blood pressure and heart rate monitors
      • Table Global home-care blood pressure and heart rate monitors market 2015-2020 ($ millions)
      • Table Opportunity analysis of global home-care blood pressure and heart rate monitors market
    • Pulse oximeters
      • Table Global home-care pulse oximeters market 2015-2020 ($ millions)
      • Table Opportunity analysis of global home-care pulse oximeters market
    • Temperature monitors
      • Table Global home-care temperature monitors market 2015-2020 ($ millions)
      • Table Opportunity analysis of home-care temperature monitors market
    • Pregnancy test kits
      • Table Global home-care pregnancy test kits market 2015-2020 ($ millions)
      • Table Opportunity analysis of global home-care pregnancy test kits market
    • Pedometers
      • Table Global home-care pedometers market 2015-2020 ($ millions)
      • Table Opportunity analysis of global home-care pedometers market
  • Geographical segmentation
    • Table Global home-care monitoring and diagnostics market by geography 2015-2020 (% revenues)
    • Table Global home-care monitoring and diagnostics market by geography 2015-2020 ($ billion)
    • Home-care monitoring and diagnostics market in Americas
      • Table Home-care monitoring and diagnostics market in Americas 2015
      • Table Home-care monitoring and diagnostics market in Americas 2015-2020 ($ billions)
    • Home-care monitoring and diagnostics market in EMEA
      • Table Home-care monitoring and diagnostics market in EMEA 2015
      • Table Home-care diagnostics and monitoring market in EMEA 2015-2020 ($ billions)
    • Home-care monitoring and diagnostics market in APAC
      • Table Home-care diagnostics and monitoring devices market in APAC 2015
      • Table Home-care monitoring and diagnostics market in APAC 2015-2020 ($ billions ($ billions)
      • Table Home-care monitoring and diagnostics market overview in India 2015
  • Market drivers
    • Increasing incidence of chronic diseases and rise in geriatric population
    • Growing demand for home-care monitoring equipment
    • Rising disposable income levels and living standards
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Competitive pricing pressure and counterfeit products
    • Challenges related to designing of devices
    • Limitations of home healthcare devices
    • Rising cases of home-healthcare fraud
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing adoption of product bundling strategy by vendors
    • Rising focus on online promotion and marketing strategies
    • Technological advances enabling market penetration
    • Integration of mobile devices with home healthcare systems
  • Vendor landscape
    • Competitive Scenario
      • Table Competitive structure analysis of global home-care diagnostics and monitoring market 2015
    • Competitive landscape
      • Table Competitive landscape analysis of global home-care diagnostics market 2016
    • Abbott Diagnostics
      • Table Abbott Diagnostics strength assessment
      • Table Abbott Diagnostics strategy assessment
      • Table Abbott Diagnostics: Opportunity assessment
    • Johnson & Johnson
      • Table Johnson & Johnson strength assessment
      • Table Johnson & Johnson strategy assessment
      • Table Johnson & Johnson Diagnostics: Opportunity assessment
    • Roche Diagnostics
      • Table Roche Diagnostics strength assessment
      • Table Roche Diagnostics strategy assessment
      • Table Roche Diagnostics: Opportunity assessment
    • Philips Healthcare
      • Table Philips Healthcare strength assessment
      • Table Philips Healthcare strategy assessment
      • Table Philips Healthcare: Opportunity assessment
    • Omron Healthcare
      • Table Omron Healthcare strength assessment
      • Table Omron Healthcare strategy assessment
      • Table Omron Healthcare: Opportunity assessment
    • Medtronic
      • Table Medtronic strength assessment
      • Table Medtronic strategy assessment
      • Table Medtronic: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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