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North America Patient Care Monitoring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The North America Patient Care Monitoring market is segmented By Product Type (Hemodynamic Monitoring Device, Neuro-Monitoring Device, Cardiac Monitoring, Multi-parameter Monitor, Respiratory Monitoring Device, Other Devices), By Application, By End User and Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2018 - 2026
Base Year:
2020
CAGR:
5.78 %
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Market Overview
North America Patient Care Monitoring market is expected to register a high CAGR during the forecast period. 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.
Scope of the report
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 | |||||
|
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Key Market Trends
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.
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Competitive Landscape
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.
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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
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
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
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
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
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
5.3 By End User
5.3.1 Home Healthcare
5.3.2 Hospitals & Clinics
5.3.3 Other End Users
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
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
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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