COVID-19 Reveals Both Necessity and Limitations of Home Health Monitoring Devices

The global market for home health monitoring systems should grow from $12.3 billion in 2020 to reach $29.1 billion by 2025, at a compound annual growth rate (CAGR) of 18.8%, according to the BCC Research report Home Health Monitoring Device Industry: Global Markets. 
Due to the increased burden placed on healthcare facilities, authorities encouraged people to quarantine themselves at home and use telehealth and other remote healthcare options. This has had implications on the home health monitoring devices and gadgets industry. 
Monitoring vital signs has been paramount to breaking COVID-19 growth cycles and saving lives. It also helped lower the burden on healthcare facilities worldwide and treat about 70% of COVID-19-affected patients in their homes. 
Although the pandemic raised the demand for health monitoring products, it also demonstrated their many limitations. For example, it was unclear to many users how they should take readings and what to do next if readings showed results that needed further action. 
Report Highlights 
Read the full report here: https://www.bccresearch.com/market-research/healthcare/home-health-monitoring-devices-market.html. 
About BCC Research 
BCC Research publishes market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering current and emerging industrial and technology sectors. For more information about BCC Research, visit bccresearch.com. 
Source: BCC Research