North America Patient Care Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 19.16 Billion |
| Market Size (2029) | USD 27.54 Billion |
| CAGR (2024 - 2029) | 7.52 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Patient Care Monitoring Market Analysis
The North America Patient Care Monitoring Market size is estimated at USD 19.16 billion in 2024, and is expected to reach USD 27.54 billion by 2029, growing at a CAGR of 7.52% during the forecast period (2024-2029).
The major contributing factors are the growing burden of chronic diseases and growing preference for home care setting.
According to the Centres for Disease Control and Prevention, heart disease is one of the leading causes of death in the United States. According to the American Heart Association, the annual incidence for heart attack in the United States was reported to be around 720,000 and 335,000 recurrent attacks. The adaptation of sedentary lifestyle such as poor diet, high sugar diet which poses a high threat of heart disease. Therefore, the aforementioned factors are expected to fuel the market growth.
North America Patient Care Monitoring Market Trends
This section covers the major market trends shaping the North America Patient Care Monitoring Market according to our research experts:
Weight Management & Fitness Monitoring is expected to Show a Significant Growth During the Forecast Period
The adoption of a sedentary lifestyle in people, such as physical inactivity, poor diet, high consumption of sugar, etc. has led to many of the chronic conditions such as diabetes, obesity, cardiovascular diseases and others. According to the data of the Centre for Disease Control and Prevention, 2017-2018, approximately 42.4% of the people are obese or overweight in America. Furthermore, according to the American Diabetes Association, in 2018, approximately 34.2 million people in the United States were suffering from diabetes. Furthermore, according to the Government of Canada, almost one out of three people in Canada are suffering from diabetes. Thus, weight management and fitness monitoring have a pivotal role in the prevention of these diseases. Therefore, it is expected to propel the market growth in this segment.
North America Patient Care Monitoring Industry Overview
The key players in the North America Patient Care Monitoring market are Abbott Laboratories , Baxter International Inc., Boston Scientific Corporation, Becton, Dickinson and Company, GE Healthcare, Johnson & Johnson, Masimo Corporation, Medtronic and Omron Corporation.
North America Patient Care Monitoring Market Leaders
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Abbott Laboratories
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Boston Scientific Corporation
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Beckton, Dickinson and Company
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GE Healthcare
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Johnson & Johnson
*Disclaimer: Major Players sorted in no particular order
North America Patient Care Monitoring Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Burden of Chronic Diseases due to Lifestyle Changes
- 4.2.2 Growing Preference for Home and Remote Monitoring
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4.3 Market Restraints
- 4.3.1 Resistance from Healthcare Industry Professionals Toward the Adoption of Patient Monitoring Systems
- 4.3.2 High Cost of Technology
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type of Devices
- 5.1.1 Hemodynamic Monitoring Devices
- 5.1.2 Neuro-Monitoring Devices
- 5.1.3 Cardiac-Monitoring Devices
- 5.1.4 Multi-parameters Monitors
- 5.1.5 Respiratory Monitoring Devices
- 5.1.6 Remote Patient Monitoring Devices
- 5.1.7 Other Devices
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5.2 By Application
- 5.2.1 Cardiology
- 5.2.2 Neurology
- 5.2.3 Respiratory
- 5.2.4 Fetal & Neonatal
- 5.2.5 Remote Monitoring
- 5.2.6 Weight Management & Fitness Monitoring
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5.3 By End User
- 5.3.1 Home Healthcare
- 5.3.2 Hospitals & Clinics
- 5.3.3 Other End Users
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Abbott Laboratories
- 6.1.2 Baxter International Inc.
- 6.1.3 Boston Scientific Corporation
- 6.1.4 Becton, Dickinson and Company
- 6.1.5 GE Healthcare
- 6.1.6 Johnson & Johnson
- 6.1.7 Masimo Corporation
- 6.1.8 Medtronic
- 6.1.9 Omron Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityNorth America Patient Care Monitoring Industry Segmentation
As per the scope of the report, patient monitoring devices are the devices that are used to continuously monitor the patient's vital parameters, using a medical monitor, and collect medical and other forms of health data from individuals. The market is segmented By Type of Device, By Target Area, By End User and Geography.
| By Type of Devices | Hemodynamic Monitoring Devices | |
| Neuro-Monitoring Devices | ||
| Cardiac-Monitoring Devices | ||
| Multi-parameters Monitors | ||
| Respiratory Monitoring Devices | ||
| Remote Patient Monitoring Devices | ||
| Other Devices | ||
| By Application | Cardiology | |
| Neurology | ||
| Respiratory | ||
| Fetal & Neonatal | ||
| Remote Monitoring | ||
| Weight Management & Fitness Monitoring | ||
| By End User | Home Healthcare | |
| Hospitals & Clinics | ||
| Other End Users | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico |
North America Patient Care Monitoring Market Research FAQs
How big is the North America Patient Care Monitoring Market?
The North America Patient Care Monitoring Market size is expected to reach USD 19.16 billion in 2024 and grow at a CAGR of 7.52% to reach USD 27.54 billion by 2029.
What is the current North America Patient Care Monitoring Market size?
In 2024, the North America Patient Care Monitoring Market size is expected to reach USD 19.16 billion.
Who are the key players in North America Patient Care Monitoring Market?
Abbott Laboratories, Boston Scientific Corporation, Beckton, Dickinson and Company, GE Healthcare and Johnson & Johnson are the major companies operating in the North America Patient Care Monitoring Market.
What years does this North America Patient Care Monitoring Market cover, and what was the market size in 2023?
In 2023, the North America Patient Care Monitoring Market size was estimated at USD 17.82 billion. The report covers the North America Patient Care Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Patient Care Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Remote Monitoring and Control Industry Report
Statistics for the 2024 North America Remote Monitoring and Control market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Remote Monitoring and Control analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
