Market Size of North America Patient Care Monitoring Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 Patient Care Monitoring Market Size Summary
The North America Patient Care Monitoring Market is poised for significant growth, driven by the increasing prevalence of chronic diseases and a rising preference for home care settings. The market is experiencing a surge in demand due to lifestyle changes that have led to conditions such as obesity, diabetes, and cardiovascular diseases. These health issues are exacerbated by sedentary lifestyles, poor dietary choices, and high sugar consumption, which are prevalent in the region. As a result, there is a growing need for effective patient care monitoring solutions to manage and prevent these chronic conditions, thereby propelling market expansion.
Key players in the North America Patient Care Monitoring Market include prominent companies such as Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation, Becton, Dickinson and Company, GE Healthcare, Johnson & Johnson, Masimo Corporation, Medtronic, and Omron Corporation. These companies are at the forefront of developing innovative monitoring technologies that cater to the evolving healthcare needs of the population. The market's growth trajectory is supported by advancements in medical technology and an increasing focus on preventive healthcare, which are expected to continue shaping the industry landscape over the forecast period.
North America Patient Care Monitoring Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Rising Burden of Chronic Diseases due to Lifestyle Changes
-
1.2.2 Growing Preference for Home and Remote Monitoring
-
-
1.3 Market Restraints
-
1.3.1 Resistance from Healthcare Industry Professionals Toward the Adoption of Patient Monitoring Systems
-
1.3.2 High Cost of Technology
-
-
1.4 Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type of Devices
-
2.1.1 Hemodynamic Monitoring Devices
-
2.1.2 Neuro-Monitoring Devices
-
2.1.3 Cardiac-Monitoring Devices
-
2.1.4 Multi-parameters Monitors
-
2.1.5 Respiratory Monitoring Devices
-
2.1.6 Remote Patient Monitoring Devices
-
2.1.7 Other Devices
-
-
2.2 By Application
-
2.2.1 Cardiology
-
2.2.2 Neurology
-
2.2.3 Respiratory
-
2.2.4 Fetal & Neonatal
-
2.2.5 Remote Monitoring
-
2.2.6 Weight Management & Fitness Monitoring
-
-
2.3 By End User
-
2.3.1 Home Healthcare
-
2.3.2 Hospitals & Clinics
-
2.3.3 Other End Users
-
-
2.4 By Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
2.4.1.3 Mexico
-
-
-
North America Patient Care Monitoring Market Size 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.
