Household Healthcare Devices Market was valued at USD 50.1 Billion in 2022 and is projected to reach USD 82.4 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global household healthcare devices market was valued at approximately $52.5 billion in 2022, with a compound annual growth rate (CAGR) of 7.8% projected from 2023 to 2030. The market encompasses a range of devices designed for personal health monitoring and management, including blood pressure monitors, glucose meters, and wearable fitness trackers. The growth is driven by increasing health awareness, a rising prevalence of chronic diseases, and advancements in technology that enhance the functionality and accessibility of these devices. As more consumers seek proactive health management solutions and the adoption of telehealth services grows, the demand for home-based healthcare devices is expected to rise significantly.
Opportunities in the household healthcare devices market are substantial, particularly in emerging markets where rising income levels and healthcare infrastructure improvements are boosting the adoption of these technologies. Innovations in device connectivity and the integration of artificial intelligence for more personalized health insights are creating new growth avenues. Additionally, the expansion of e-commerce platforms and the increased availability of user-friendly and affordable devices are expected to further accelerate market growth. These factors collectively contribute to the market's evolving landscape and its potential for substantial future development.
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Merck & Co.
3M Health Care
Siemens
Bayer AG
Abbott Laboratories
Cardinal Health
GE Healthcare
Invacare Corporation
Roche
Phillips Healthcare
Medtronic
Omron Healthcare
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Household Healthcare Devices Market
Offline Channel
Online Sales
Based on Types the Market is categorized into Below types that held the largest Household Healthcare Devices market share In 2023.
Diagnostics and Monitoring
Therapeutics
Home Mobility Assist Devices
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Household Healthcare Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Household Healthcare Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Household Healthcare Devices Market, By Type
6. Global Household Healthcare Devices Market, By Application
7. Global Household Healthcare Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Household Healthcare Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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