Rising Demand for Wearable Healthcare Devices Is Increasing the Growth of Global Home Medical Equipment Market.

Published: Nov 2019

The global home medical equipment market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2022-2028). The increasing demand for wearable healthcare devices, such as smart watches and monitoring devices, due to rising awareness related to healthcare and the sedentary lifestyle, further contribute to the market growth. People are more concern about their health and fitness due to which wearable healthcare devices are more in demand and manufacturers are also focusing in updating their devices according to customers needs. Additionally, integration of artificial intelligence with the smartphones and wearable medical devices have increased the adoption. For instance, in December 2021, Huawei has expanded its smartwatch lineup with the launch of Huawei Watch D in China.The smartwatch comes equipped with a blood pressure and ECG monitor. The smartwatch has also been registered as a Class II medical device by the Drug Administration in China.

Browse the full report description of “Global Home Medical Equipment Market Size, Share & Trends Analysis Report by Type (Diagnostic and Monitoring Device, Therapeutic Devices, and Mobility Care Devices) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/home-medical-equipment-market-size

DexCom to launch new glucose monitoring system in May 2022. Dexcom ONE system is a real-time CGM (rt-CGM) that will be more affordable and accessible for people with diabetes in the UK. Dexcom ONE is currently in review to be added to drug tariffs across the UK regions. Dexcom ONE, a wearable sensor and transmitter, puts people firmly in control of their diabetes. By continuously monitoring glucose levels and sending real-time values wirelessly to a compatible smart device via the Dexcom ONE mobile app, the technology eliminates the need for painful finger pricks.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Type

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape-Abbott Laboratories Inc., Becton, Dickinson and Co., F. Hoffmann-La Roche Ltd, General Electric Co., Bayer AG, and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Home Medical Equipment Market Report Segment

By Type

Diagnostic and Monitoring Device

Therapeutic Devices

Mobility Care Devices

Global Home Medical Equipment Market Report Segment by Region

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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