Market Size of North America Patient 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 |
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North America Patient Monitoring Market Analysis
The North America Patient 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 market in the North America region is growing at a good pace and certain factors that are driving this growth include rising incidence of chronic diseases due to the lifestyle changes in the region, an increase in the aging population, and growing demand for remote monitoring devices. The United States, being the largest economy in this region, the country's population trend largely affects the growth of the market studied in both, positive and negative manner. For instance, the rising geriatric population in the United States is acting as a growth factor for the use of patient monitoring devices. According to the United States Bureau data, the number of Americans aged 65 years and above is projected to become more than double (from 46 million in 2016 to over 98 million by 2060), and the 65-and-older age group's share of the total population is likely to rise to nearly 24% from 15%. The growing geriatric population is more prone to diseases, which increases the usage of remote monitoring devices. Thus, the increase in the aging population is expected to boost the market in the North America region.
