Home Health Monitoring Devices Market Forecast 2025–2034: Insights on Market Size and Competitive Landscape
Home Health Monitoring Devices Global Market Report 2025
The Business Research Company's Home Health Monitoring Devices Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, July 2, 2025 /EINPresswire.com/ -- Presenting recent statistics, the home health monitoring devices market has witnessed a vigorous growth pattern. It has shot up from $1.34 billion in 2024 to $1.42 billion in 2025, marking a compound annual growth rate CAGR of 5.5%. The reasons driving the growth within the historical period can be traced back to the rising prevalence of chronic diseases, expanding geriatric population worldwide, growing awareness about preventive healthcare, spiraling healthcare costs promoting home care resolutions, and the escalating adoption of IoT in healthcare.
What Is The Projected Future Growth Of The Home Health Monitoring Devices Market Size?
At the ongoing pace, the home health monitoring devices market size is anticipated to see a strong surge in the upcoming years, reaching $1.74 billion in 2029 at a CAGR of 5.3%. The predictive growth within the forecast period can be attributed to expanding demand for remote patient monitoring, supportive government initiatives promoting telehealth and remote monitoring, advances in internet connectivity and mobile network penetration, increasing smartphone penetration, and a heightened demand for real-time health monitoring and alerts.
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Does Telehealth Adoption Fuel The Demand For Home Health Monitoring Devices Market?
The growing adoption of telehealth, which uses technology to facilitate healthcare and consultations from a distance, eliminating the need for in-person visits, is presumed to accelerate the growth of the home health monitoring devices market. The ascending demand for telehealth is due to the convenience it offers, allowing patients quicker consultations with doctors right from their homes, saving time and travel. In essence, the rise in telehealth adoption lays a solid foundation for home health monitoring devices, as it allows healthcare providers to remotely access real-time patient data essential for accurate diagnosis, timely intervention, and effective ongoing care without demanding in-person visits.
This spur in telehealth usage has been confirmed by a survey conducted by Rock Health, a US-based company focused on digital health and healthcare innovation.
Which Key Industry Players Are Shaping The Home Health Monitoring Devices Market Scenario?
The home health monitoring devices market is populated by major players like Abbott Laboratories Inc., Omron Healthcare Co. Ltd., Garmin Ltd., ResMed Inc., Masimo Corporation, ChoiceMMed America Corp., Beurer GmbH, iRhythm Technologies Inc., A&D Company Limited, Microlife Corporation, Telli Health LLC, AliveCor Inc., CareSimple Inc., BioBeat Technologies Ltd., BioIntelliSense Inc., Tenovi Inc., 100Plus Inc., BodiMetrics LLC, Oxitone Medical Ltd., and Guangdong Transtek Medical Electronics Co. Ltd.
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What Are The Emerging Trends In The Home Health Monitoring Devices Market?
Indeed, there is a strong emphasis on developing advanced solutions among the major companies operating in the home health monitoring devices market. A tangible example is the development of smartwatches for virtual patient monitoring, designed to integrate seamlessly with health apps and telehealth platforms, facilitating easy data sharing with healthcare providers. In July 2024, KORE, a U.S.-based Internet of Things IoT company, launched the mCareWatch 241, a smartwatch for virtual patient monitoring. This watch is equipped with an emergency SOS function, communication features, and GPS location tracking, all intended to provide reliable safety, along with a suite of health monitoring tools.
How Is The Home Health Monitoring Devices Market Segmented?
The home health monitoring devices market report encompasses –
1 By Type: Heart Monitors, Breath Monitors, Hematology Monitors, Multi-Parameter Monitors, Other Types
2 By Application: Care Centre, Household, Other Applications
3 By End User: Elderly Population, Chronic Disease Patients, General Health-Conscious Consumers, Post-Operative And Rehabilitation Patients, Healthcare Providers And Caregivers
Subsegments:
1 By Heart Monitors: ECG Monitors, Heart Rate Monitors, Blood Pressure Monitors, Holter Monitors, Implantable Loop Recorders
2 By Breath Monitors: Pulse Oximeters, Spirometers, Capnographs, Breath Analyzers
3 By Hematology Monitors: Blood Glucose Monitors, INR Monitors, Hemoglobin Monitors, Blood Clotting Time Monitors
4 By Multi-Parameter Monitors: Vital Signs Monitors, Portable ICU Monitors, Wearable Multi-Parameter Devices
5 By Other Types: Body Temperature Monitors, Sleep Apnea Monitors, Urine Analyzers, Electrolyte Monitors, Activity And Fitness Trackers
What Are The Regional Insights In The Home Health Monitoring Devices Market?
In 2024, North America had the largest share in the home health monitoring devices market. Asia-Pacific, however, is projected to outstrip other regions in terms of growth in the forecast period. The regions covered in the home health monitoring devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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