Global Home-care Monitoring and Diagnostics Market Size, Share, Analysis, Industry Growth and Forecast Research Report 2016-2020 Market Reports Center
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 Technavioâ€™ s team said: â€œ 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.â€? Know more about sample report: https://marketreportscenter.com/request-sample/470039 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 selfcare 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 lowcost sales agreement. Vendors also offer discounts, which further contribute to market competition. Thus, vendors, particularly leading companies, are operating on low-profit margins. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Get discount: https://marketreportscenter.com/request-discount/470039
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? Table of content: https://marketreportscenter.com/reports/470039/global-home-caremonitoring-and-diagnostics-market-2016-2020#toc About Us: Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. Market Reports Center’s team consistently works to update and extend our existing repository of market research reports by partnering with new publishers and adding their studies to our website. Contact us for more details: Sam Collins Market Reports Center Phone No: 1-646-883-3044 (US) Email: email@example.com Web - https://marketreportscenter.com
Technavio Announces the Publication of its Research Report Global Home-care Monitoring and Diagnostics Market 2016-2020 Technavio recognize...