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- North America Patient Monitoring Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Patient monitoring devices are the devices which are very effective in handling post-surgery care and monitoring the ageing population. The data is displayed on a CRT, LED or LCD screen as data channels along the time axis. The displayed values are computed parameters depending upon the maximum, minimum and average values.
North America Patient Monitoring Devices Market Segments Size & Growth:
North America Patient Monitoring Devices Market size is projected to reach approximately $8.24 billion by the end of 2024 with a CAGR of close to 7.0% from $5.96 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include Rising incidences of chronic diseases due to lifestyle changes, Increase in ageing population, need to contain healthcare expenditure, Demand for home-based monitoring devices, and Ease of use and portability devices to promote the growth. However, Stringent regulatory framework, Lack of proper reimbursement, and Resistance from the healthcare industry professional towards the adoption of patient monitoring systems are thereby hampering the market growth.
North America Patient Monitoring Devices Market Segments Share:
North America Patient Monitoring Devices Market is categorised into Type of Device which comprises of Patient Monitors/Portals, Clinical Decision Supports Systems, Clinical Measurements, Fetal Maternal Monitors, Surveillance & Networking, and Others. By Target Area, the market is segmented into Cardiology, Neurology, Respiratory, Fetal & Neonatal, Weight Monitoring, Temperature Monitoring, Remote Monitoring, and Others. Among them, Cardiology segment holds the most significant share in the market because of increasing demand for ECG devices and increased rate of cardiac and other comorbid diseases such as diabetes and high blood pressure. By Geography, USA is projected for the highest share in 2017. The significant factors backing the growth of the market in this region are the ageing population and increased lifestyle diseases that are further serving the overall prevalence of chronic diseases.
North America Patient Monitoring Devices Market Trends:
- Close to 100 million wearable remote patient monitoring (RPM) devices will ship during the next 5 years, according to ABI Research, boosted by growing interest and awareness about the benefits of supporting healthcare away from the hospital and into patients’ homes.
- Abbott Laboratories has launched a new product called FreeStyle Libre Pro Flash Glucose Monitoring System, is a professional continuous glucose monitoring (CGM) device indicated for detecting trends and tracking patterns in persons (age 18 and older) with diabetes.
North America Patient Monitoring Devices Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and Global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Abbott Laboratories
- GE Healthcare
- Baxter
- Medtronic
- Johnson & Johnson Inc
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Ease of use and portability devices to promote the growth
4.1.2 Demand for home-based monitoring devices
4.1.3 Need to contain healthcare expenditure
4.1.4 Increase in aging population
4.1.5 Rising incidences of chronic diseases due to lifestyle changes
4.2 Restraints
4.2.1 Lack of proper reimbursement
4.2.2 Stringent regulatory framework
4.2.3 Resistance from the healthcare industry professional towards the adoption of patient monitoring systems
4.3 Opportunities
4.3.1 Mergers, Acquisitions, and Joint Ventures
4.3.2 Private Institutional Nursing
4.4 Challenges
4.4.1 Irregular Reimbursement Scenario
Chapter 5 North America Patient Monitoring Devices Market – By Type of Device
5.1 Patient Monitors/Portals
5.2 Clinical Decision Supports Systems
5.3 Clinical Measurements
5.3.1 Gas Monitoring
5.3.2 Blood Pressure
5.3.3 Capnography
5.3.4 ECG
5.3.5 Hemodynamic Extension
5.3.6 Ventilation
5.3.7 Pulse Oximetry
5.3.8 Accessories
5.4 Fetal Maternal Monitors
5.5 Surveillance & Networking
5.6 Wireless Monitoring
5.7 Cable-less Measurement
5.8 Others
Chapter 6 North America Patient Monitoring Devices Market – By Target Area
6.1 Cardiology
6.2 Neurology
6.3 Respiratory
6.4 Fetal & Neonatal
6.5 Weight Monitoring
6.6 Temperature Monitoring
6.7 Remote Monitoring
6.8 Others
Chapter 7 North America Patient Monitoring Devices Market – By Geography
7.1 Introduction
7.2 U.S.
7.3 Canada
7.4 Mexico
Chapter 8 North America Patient Monitoring Devices Market – Company Profiles
8.1 Abbott Laboratories
8.2 Drager Medical GmbH
8.3 GE Healthcare
8.4 Johnson & Johnson Inc
8.5 Masimo Corporation
8.6 Medtronic
8.7 Omron Healthcare
8.8 Mindray Medical
8.9 Mortara Instrument Inc
8.10 Nonin Medical
8.11 Alere Inc,
8.12 Baxter
8.13 Bosch Medical
8.14 Boston Scientific
8.15 Covidien
Chapter 9 North America Patient Monitoring Devices Market – Competitive Landscape
9.1. Market Share Analysis
9.2. Strategies Adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 10 Market Insights
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Patient monitoring devices are the devices which are very effective in handling post-surgery care and monitoring the ageing population. The data is displayed on a CRT, LED or LCD screen as data channels along the time axis. The displayed values are computed parameters depending upon the maximum, minimum and average values.
North America Patient Monitoring Devices Market Segments Size & Growth:
North America Patient Monitoring Devices Market size is projected to reach approximately $8.24 billion by the end of 2024 with a CAGR of close to 7.0% from $5.96 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include Rising incidences of chronic diseases due to lifestyle changes, Increase in ageing population, need to contain healthcare expenditure, Demand for home-based monitoring devices, and Ease of use and portability devices to promote the growth. However, Stringent regulatory framework, Lack of proper reimbursement, and Resistance from the healthcare industry professional towards the adoption of patient monitoring systems are thereby hampering the market growth.
North America Patient Monitoring Devices Market Segments Share:
North America Patient Monitoring Devices Market is categorised into Type of Device which comprises of Patient Monitors/Portals, Clinical Decision Supports Systems, Clinical Measurements, Fetal Maternal Monitors, Surveillance & Networking, and Others. By Target Area, the market is segmented into Cardiology, Neurology, Respiratory, Fetal & Neonatal, Weight Monitoring, Temperature Monitoring, Remote Monitoring, and Others. Among them, Cardiology segment holds the most significant share in the market because of increasing demand for ECG devices and increased rate of cardiac and other comorbid diseases such as diabetes and high blood pressure. By Geography, USA is projected for the highest share in 2017. The significant factors backing the growth of the market in this region are the ageing population and increased lifestyle diseases that are further serving the overall prevalence of chronic diseases.
North America Patient Monitoring Devices Market Trends:
- Close to 100 million wearable remote patient monitoring (RPM) devices will ship during the next 5 years, according to ABI Research, boosted by growing interest and awareness about the benefits of supporting healthcare away from the hospital and into patients’ homes.
- Abbott Laboratories has launched a new product called FreeStyle Libre Pro Flash Glucose Monitoring System, is a professional continuous glucose monitoring (CGM) device indicated for detecting trends and tracking patterns in persons (age 18 and older) with diabetes.
North America Patient Monitoring Devices Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and Global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Abbott Laboratories
- GE Healthcare
- Baxter
- Medtronic
- Johnson & Johnson Inc
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Ease of use and portability devices to promote the growth
4.1.2 Demand for home-based monitoring devices
4.1.3 Need to contain healthcare expenditure
4.1.4 Increase in aging population
4.1.5 Rising incidences of chronic diseases due to lifestyle changes
4.2 Restraints
4.2.1 Lack of proper reimbursement
4.2.2 Stringent regulatory framework
4.2.3 Resistance from the healthcare industry professional towards the adoption of patient monitoring systems
4.3 Opportunities
4.3.1 Mergers, Acquisitions, and Joint Ventures
4.3.2 Private Institutional Nursing
4.4 Challenges
4.4.1 Irregular Reimbursement Scenario
Chapter 5 North America Patient Monitoring Devices Market – By Type of Device
5.1 Patient Monitors/Portals
5.2 Clinical Decision Supports Systems
5.3 Clinical Measurements
5.3.1 Gas Monitoring
5.3.2 Blood Pressure
5.3.3 Capnography
5.3.4 ECG
5.3.5 Hemodynamic Extension
5.3.6 Ventilation
5.3.7 Pulse Oximetry
5.3.8 Accessories
5.4 Fetal Maternal Monitors
5.5 Surveillance & Networking
5.6 Wireless Monitoring
5.7 Cable-less Measurement
5.8 Others
Chapter 6 North America Patient Monitoring Devices Market – By Target Area
6.1 Cardiology
6.2 Neurology
6.3 Respiratory
6.4 Fetal & Neonatal
6.5 Weight Monitoring
6.6 Temperature Monitoring
6.7 Remote Monitoring
6.8 Others
Chapter 7 North America Patient Monitoring Devices Market – By Geography
7.1 Introduction
7.2 U.S.
7.3 Canada
7.4 Mexico
Chapter 8 North America Patient Monitoring Devices Market – Company Profiles
8.1 Abbott Laboratories
8.2 Drager Medical GmbH
8.3 GE Healthcare
8.4 Johnson & Johnson Inc
8.5 Masimo Corporation
8.6 Medtronic
8.7 Omron Healthcare
8.8 Mindray Medical
8.9 Mortara Instrument Inc
8.10 Nonin Medical
8.11 Alere Inc,
8.12 Baxter
8.13 Bosch Medical
8.14 Boston Scientific
8.15 Covidien
Chapter 9 North America Patient Monitoring Devices Market – Competitive Landscape
9.1. Market Share Analysis
9.2. Strategies Adopted by top companies
9.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 10 Market Insights
10.1. Industry Experts Insights
10.2. Analysts Opinions
10.3. Investment Opportunities
Chapter 11 Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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