(PharmaNewsWire.Com, January 04, 2017 ) Home-care Monitoring & Diagnostics Market, 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 and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Home-care Monitoring & Diagnostics globally.
The Home-care Monitoring & Diagnostics Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Home-care Monitoring & Diagnostics Market:
Abbott Diagnostics Johnson & Johnson Roche Diagnostics Philips Healthcare Omron Healthcare Medtronic
Other Prominent Vendors of Home-care Monitoring & Diagnostics Market Are:
Animas Bioptik Technology Chongqing Haray International Business Fitbit
“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.”
According to the Home-care Monitoring & Diagnostics Market 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 self-care 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.
Report also presents Geographical Segmentation analysis of Home-care Monitoring & Diagnostics Market of Americas, APAC, EMEA region.
Further, the Home-care Monitoring & Diagnostics Market 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 low-cost sales agreement. Vendors also offer discounts, which further contribute to market competition. Thus, vendors, particularly leading companies, are operating on low-profit margins.
Key questions answered in Home-care Monitoring & Diagnostics market report:
What will the Home-care Monitoring & Diagnostics market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving Home-care Monitoring & Diagnostics market? What are the challenges to Home-care Monitoring & Diagnostics market growth? Who are the key vendors in Home-care Monitoring & Diagnostics market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
Market Reports World is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including: