Home Health Monitoring Devices Global Market Report 2025

The home health monitoring devices market size has grown strongly in recent years. It will grow from $1.34 billion in 2024 to $1.42 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth during the historic period can be attributed to the increasing prevalence of chronic diseases, a growing global geriatric population, heightened awareness of preventive healthcare, rising healthcare costs driving demand for home care solutions, and the expanding adoption of IoT in healthcare.

The home health monitoring devices market size is expected to see strong growth in the next few years. It will grow to $1.74 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth during the forecast period can be attributed to increasing demand for remote patient monitoring, government initiatives supporting telehealth and remote monitoring, improved internet connectivity and mobile network coverage, rising smartphone adoption, and growing demand for real-time health monitoring and alerts. Key trends in the forecast period include advancements in wearable technology, development of AI-powered health monitoring devices, adoption of chronic disease management programs, technological progress in biosensors and medical-grade sensors, and improved accuracy and reliability of home health monitoring devices.

The increasing adoption of telehealth is expected to drive the growth of the home health monitoring devices market in the coming years. Telehealth involves using technology to deliver medical care and consultations remotely, eliminating the need for in-person visits. Its rising demand stems from the convenience it offers, allowing patients to quickly consult doctors from home, saving time and reducing travel. The expansion of telehealth supports the demand for home health monitoring devices by enabling healthcare providers to access real-time patient data remotely, which is crucial for accurate diagnosis, timely intervention, and effective ongoing care without face-to-face visits. For example, in February 2023, a survey conducted by Rock Health, a US-based company focused on digital health and healthcare innovation, involving 8,014 respondents between July and August 2022, found that 80% of participants had used telemedicine at least once in 2022, up 8% from 72% in 2021. Thus, the growing adoption of telehealth will contribute to the expansion of the home health monitoring devices market.

Leading companies in the home health monitoring devices market are focusing on creating advanced solutions, such as smartwatches for virtual patient monitoring, designed to seamlessly integrate with health apps and telehealth platforms to facilitate easy data sharing with healthcare providers. A smartwatch for virtual patient monitoring is a wearable digital device that continuously tracks and transmits health-related data in real-time, allowing remote healthcare providers to monitor a patient’s physiological condition and respond proactively. For example, in July 2024, KORE, a US-based Internet of Things (IoT) company, introduced the mCareWatch 241, a smartwatch for virtual patient monitoring. This watch features an emergency SOS function to help users quickly access assistance when needed. It includes calling capabilities, GPS location tracking, and quick-dial options to ensure dependable communication and safety. Essential health monitoring features include a heart rate sensor, step counter, fall detection, and inactivity alerts. Additionally, users can set geo-fencing alerts and reminders, which are accessible through a dedicated mobile app and web interface.

In April 2024, Royal Philips, a Netherlands-based manufacturer of home health monitors, partnered with smartQare to enhance and automate continuous monitoring of hospital and outpatient patients. The collaboration aims to integrate SmartQare’s viQtor solution with Philips’ leading clinical patient monitoring systems to improve ongoing patient monitoring both within hospitals and remotely, initially across Europe. smartQare is a Netherlands-based manufacturer of home health monitoring devices.

Major players in the home health monitoring devices market are 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., Guangdong Transtek Medical Electronics Co. Ltd.

North America was the largest region in the home health monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in home health monitoring devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the home health monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Home health monitoring devices are medical or wellness tools designed for use by individuals at home to track, measure, and manage various health-related parameters. These devices assist in early detection of health problems, management of chronic diseases, and preventive care, often minimizing the need for frequent hospital visits.

The primary types of home health monitoring devices include heart monitors, breath monitors, hematology monitors, multi-parameter monitors, and others. Heart monitors are wearable devices that continuously monitor the heart’s rhythm and rate, aiding in the detection of irregularities such as arrhythmias. They are utilized in care centers, households, and other settings by a range of end users including elderly individuals, patients with chronic diseases, health-conscious consumers, post-operative and rehabilitation patients, as well as healthcare providers and caregivers.

The home health monitoring devices market research report is one of a series of new reports that provides home health monitoring devices market statistics, including home health monitoring devices industry global market size, regional shares, competitors with a home health monitoring devices market share, detailed home health monitoring devices market segments, market trends and opportunities, and any further data you may need to thrive in the home health monitoring devices industry. This home health monitoring devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The home health monitoring devices market consists of sales of blood pressure monitors, pulse oximeters, thermometers, ECG monitors, and wearable health trackers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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