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NA Patient Care Monitoring Market Size Share & Industry 2031

North America Patient Care Monitoring Market

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Segments - by Product Types (Respiratory Monitoring Devices, Multi-parameter Monitors, Neuromonitoring Devices, Remote Patient Monitoring Devices, Hemodynamic Monitoring Devices, Cardiac Monitoring Devices, and Others), Applications (Weight Management & Fitness Monitoring, Respiratory, Cardiology, Fatal & Nonfatal, Neurology, and Others), End-users (Hospitals & Clinics, Home Healthcare, and Others), and Geography (Mexico, Canada, The US, and Rest of North America) – North America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031

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Report Description

North America Patient Care Monitoring Market Outlook

The North America Patient Care Monitoring Market size was valued at USD 16.57 Billion in 2022 and is expected to surpass USD 31.82 Billion by 2031, expanding at a CAGR of 7.52% during the forecast period, 2023 – 2031. Growth of the market is attributed to rising burden of chronic diseases, changing lifestyles, and growing geriatric population.

Patient monitoring systems are manufactured to provide services at suitable time and place, allowing data access and data entry by medical personnel at the hospitals and nursing homes. monitoring healthcare technologies are estimated to generate new industries and applications to deal with healthcare issues in the coming years. Patient monitoring system permits efficient response and patient mobility in emergency situations.

The covid-19 pandemic affected the demand and supply of North America patient care monitoring market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

North America Patient Care Monitoring Market Trends, Drivers, Restraints, and Opportunities

Growing preference for remote & home monitoring is projected to boost the market in the coming years.
Increasing use of portable devices to promote growth is the major factor fueling the market.
High price of products is anticipated to restrict market growth.
Lack of awareness about patient monitoring system is projected to hamper the market expansion.
R&D investment and technological advancement in patient care monitoring system is projected to create lucrative opportunities for the market players.

Scope of Patient Care Monitoring Market Report

The report on the North America patient care monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	North America Patient Care Monitoring Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Product Types (Respiratory Monitoring Devices, Multi-parameter Monitors, Neuromonitoring Devices, Remote Patient Monitoring Devices, Hemodynamic Monitoring Devices, Cardiac Monitoring Devices, and Other Devices), Applications (Weight Management & Fitness Monitoring, Respiratory, Cardiology, Fatal & Nonfatal, Neurology, and Others), End-users (Hospitals & Clinics, Home Healthcare, and Others)
Geographical Scope	Mexico, Canada, The US, and Rest of North America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report	Omnon Corp.; Siemens Healthcare GmbH; Medtronic Care Management Services LLC; General Electronic Company (GE Healthcare); Boston Scientific Corp.; Becton, Dickinson & Company; Abbott Laboratories; Johnson & Johnson; Koninklijke Philips NV; Baxter International Inc.; and Honeywell International Inc.

North America Patient Care Monitoring Market Segment Insights

The hemodynamic monitoring devices accounts for key share of the market

Based on product types, the North America patient care monitoring market is divided into respiratory monitoring devices, multi-parameter monitors, neuromonitoring devices, remote patient monitoring devices, hemodynamic monitoring devices, cardiac monitoring devices, and others.

The hemodynamic monitoring devices segment accounts for a key share of the market. Growth of the market is attributed to reduction in readmissions and increasing research into hemodynamics monitoring system.

However, the respiratory monitoring devices segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing population of aged people and rising prevalence of unhealthy routine.

The respiratory segment accounts for a significant share of the market

Based on applications, the market is categorized into weight management & fitness monitoring, respiratory, cardiology, fatal & nonfatal, neurology, and others. The respiratory segment accounts for a significant share of the market.

Growth of the market is attributed to technological advancement in handiness of equipment and increasing number of critically ill geriatric cases. However, the cardiology segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising prevalence of diabetes and increasing demand for home based & non-invasive monitoring systems.

The hospitals & clinics segment accounts for a key share of the market

On the basis of end-users, the North America patient care monitoring market is fragmented into hospitals & clinics, home healthcare, and others. The hospitals & clinics segment accounts for a key share of the market. Growth of the market is attributed to penetration of monitoring devices in market and increasing per capita income.

However, the home healthcare segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing availability of trained professions and rising funding from private organizations.

North America Patient Care Monitoring Market Regional Outlook

United States is estimated to hold a major market share

On the basis of region, the North America patient care monitoring market is categorized as Mexico, Canada, United states, and Rest of North America. The market of Canada is anticipated to expand at a high CAGR during the forecast period due to launching of new products and increasing healthcare expenditure. The United States is estimated to hold a major market share due to continuation of demographic & economic trend and increasing medical tourism.

Segments

Product Types

Respiratory Monitoring Devices
Multi-parameter Monitors
Neuromonitoring Devices
Remote Patient Monitoring Devices
Hemodynamic Monitoring Devices
Cardiac Monitoring Devices
Others

Applications

Weight Management & Fitness Monitoring
Respiratory
Cardiology
Fatal & Nonfatal
Neurology
Others

End-users

Hospitals & Clinics
Home Healthcare
Others

Geography

Mexico
Canada
The US
Rest of North America

Key Players

Omnon Corp.
Siemens Healthcare GmbH
Medtronic Care Management Services LLC
General Electronic Company (GE Healthcare)
Boston Scientific Corp.
Becton, Dickinson & Company
Abbott Laboratories
Johnson & Johnson
Koninklijke Philips NV
Baxter International Inc.
Honeywell International Inc.

Competitive Landscape

Key players competing in the North America patient care monitoring market include Omnon Corp.; Siemens Healthcare GmbH; Medtronic Care Management Services LLC; General Electronic Company (GE Healthcare); Boston Scientific Corp.; Becton, Dickinson & Company; Abbott Laboratories; Johnson & Johnson; Koninklijke Philips NV; Baxter International Inc.; and Honeywell International Inc.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Patient Care Monitoring Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Patient Care Monitoring Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Patient Care Monitoring Market - Supply Chain
  4.5. Global Patient Care Monitoring Market Forecast
     4.5.1. Patient Care Monitoring Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Patient Care Monitoring Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Patient Care Monitoring Market Absolute $ Opportunity
5. Global Patient Care Monitoring Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Patient Care Monitoring Market Size and Volume Forecast by Applications
     5.3.1. Weight Management & Fitness Monitoring
     5.3.2. Respiratory
     5.3.3. Cardiology
     5.3.4. Fatal & Nonfatal
     5.3.5. Neurology
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Patient Care Monitoring Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Patient Care Monitoring Market Size and Volume Forecast by End Users
     6.3.1. Hospitals & Clinics
     6.3.2. Home Healthcare
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Patient Care Monitoring Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Patient Care Monitoring Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Patient Care Monitoring Demand Share Forecast, 2019-2026
8. North America Patient Care Monitoring Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Patient Care Monitoring Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Patient Care Monitoring Market Size and Volume Forecast by Applications
     8.4.1. Weight Management & Fitness Monitoring
     8.4.2. Respiratory
     8.4.3. Cardiology
     8.4.4. Fatal & Nonfatal
     8.4.5. Neurology
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Patient Care Monitoring Market Size and Volume Forecast by End Users
     8.7.1. Hospitals & Clinics
     8.7.2. Home Healthcare
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Patient Care Monitoring Demand Share Forecast, 2019-2026
9. Latin America Patient Care Monitoring Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Patient Care Monitoring Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Patient Care Monitoring Market Size and Volume Forecast by Applications
     9.4.1. Weight Management & Fitness Monitoring
     9.4.2. Respiratory
     9.4.3. Cardiology
     9.4.4. Fatal & Nonfatal
     9.4.5. Neurology
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Patient Care Monitoring Market Size and Volume Forecast by End Users
     9.7.1. Hospitals & Clinics
     9.7.2. Home Healthcare
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Patient Care Monitoring Demand Share Forecast, 2019-2026
10. Europe Patient Care Monitoring Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Patient Care Monitoring Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Patient Care Monitoring Market Size and Volume Forecast by Applications
     10.4.1. Weight Management & Fitness Monitoring
     10.4.2. Respiratory
     10.4.3. Cardiology
     10.4.4. Fatal & Nonfatal
     10.4.5. Neurology
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Patient Care Monitoring Market Size and Volume Forecast by End Users
     10.7.1. Hospitals & Clinics
     10.7.2. Home Healthcare
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Patient Care Monitoring Demand Share Forecast, 2019-2026
11. Asia Pacific Patient Care Monitoring Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Patient Care Monitoring Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Patient Care Monitoring Market Size and Volume Forecast by Applications
     11.4.1. Weight Management & Fitness Monitoring
     11.4.2. Respiratory
     11.4.3. Cardiology
     11.4.4. Fatal & Nonfatal
     11.4.5. Neurology
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Patient Care Monitoring Market Size and Volume Forecast by End Users
     11.7.1. Hospitals & Clinics
     11.7.2. Home Healthcare
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Patient Care Monitoring Demand Share Forecast, 2019-2026
12. Middle East & Africa Patient Care Monitoring Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Patient Care Monitoring Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Patient Care Monitoring Market Size and Volume Forecast by Applications
     12.4.1. Weight Management & Fitness Monitoring
     12.4.2. Respiratory
     12.4.3. Cardiology
     12.4.4. Fatal & Nonfatal
     12.4.5. Neurology
     12.4.6. Others
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Patient Care Monitoring Market Size and Volume Forecast by End Users
     12.7.1. Hospitals & Clinics
     12.7.2. Home Healthcare
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Patient Care Monitoring Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Patient Care Monitoring Market: Market Share Analysis
  13.2. Patient Care Monitoring Distributors and Customers
  13.3. Patient Care Monitoring Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Omnon Corp.
     13.4.2. Siemens Healthcare GmbH
     13.4.3. Medtronic Care Management Services LLC
     13.4.4. General Electronic Company (GE Healthcare)
     13.4.5. Boston Scientific Corp.
     13.4.6. Becton, Dickinson & Company
     13.4.7. Abbott Laboratories

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