North America Patient Monitoring Device Market Report 2018: Market Reached USD 1,881.8 Million in 2013 and is Expected to Garner USD 3,329.9 Million by the End of 2024

DUBLIN, Dec. 11, 2018 /PRNewswire/ --

The "North America Patient (Human) Monitoring Device Market Outlook 2024" report has been added to ResearchAndMarkets.com's offering.

The North America Patient Monitoring Devices market reached USD 1,881.8 Million in 2013 by registering a CAGR of 5.6% across the globe. Moreover, the market is expected to garner USD 3,329.9 Million by the end of 2024.

The North America demand for Patient Monitoring Devices is increasing due to massive growth of healthcare industry across the globe. Further, increasing awareness about growing incidences of cardiovascular diseases, respiratory diseases, renal disorders, different types of cancer, is also resulting in an increased demand for patient monitoring devices in the North America region.

United States is slated to account for a share of 84.1% by 2024 in the Patient Monitoring Devices market. The growth in the region can be attributed to growing incidence rates of diseases that require surgical intervention and constant or frequent monitoring, such as Cardiac Arrest, Arrhythmia, Cardiomyopathy, Coronary artery disease, heart failure, asthma, bronchitis, cystic fibrosis, chronic obstructive pulmonary disease, lung cancer, kidney transplants, kidney failures, other cancers and all surgical procedures performed under anesthesia.

Increasing technological innovations in Patient Monitoring Devices is also expected to impel the growth of Patient Monitoring Devices market in the North America. U.S. is the prominent market driving the growth in the region.

Additionally, U.S. Patient Monitoring Devices market reached USD 1,561.9 Million in 2013 and is expected to reach USD 2,800.5 Million by the end of 2024, expanding at a CAGR of 5.8% over the forecast period i.e. 2018-2024. U.S. Patient Monitoring Devices market is expected to achieve Y-o-Y growth rate of 6.1% in 2024 as compared to previous year.

The U.S. market is further segmented on the basis of product type into vital sign monitoring, infusion pumps, cardiac monitoring, respiratory monitoring devices, hematological monitoring devices, anesthesia systems monitoring devices, renal function monitoring devices, telemetry devices, multi-parameter monitors and other monitoring devices. In this segment vital sign monitoring devices hold the highest market share in 2013 and is expected to hold the same position with 30% share in the year 2024.

The U.S. market is also divided on the basis of Type into wireless and wired patient monitoring device within which wireless devices are expected to grow with the highest CAGR of 6.2% over the forecast period and is expected to capture a market value of USD 1,705.3 Million in the year 2024.

The U.S. market is also divided on the basis of End-User into hospitals, clinics, Research Institutions, Ambulatory Surgical Centers (ASCs) (comprising of independent endoscopy centers, day surgery centers, GI Labs), Independent ER Centers, Independent Long Term Acute Care and Nursing Centers.

Canada market is expected to expand at a CAGR of 5.0% during the forecast period i.e. 2018-2024. The market is projected to reach to a valuation of USD 529.5 Million by the end of 2024 from USD 319.9 Million in 2013. It is also expected to mark a growth rate of 5.3% in 2024.

Some of the major players in this market are Smith's Medical, Medtronic, GE Healthcare and Abbott.

Key Topics Covered:
 
1. Research Methodology

2. Market Definitions, Assumptions & Abbreviations

3. Market Taxonomy

4. Setting Up the Distribution Channel and Value Chain Analysis

5. Market Entry, Winning Strategies and Strategies to capture the clients

6. List of Potential Hospitals Ambulatory Surgical Centers

7. Process to Procure Patient (Human) Monitoring System

8. North America Patient (Human) Monitoring Devices Market - Executive Summary

9. Patient (Human) Monitoring Devices Product Overview

10. Recent Changes and Development in Patient (Human) Monitoring Devices Market by Geography

11. Regional Average Pricing Analysis, 2017

12. Patient Density Analysis

13. Supply Chain Analysis

14. Porter's Five Force Model Analysis

15. Patient (Human) Monitoring Devices Market - Risk Analysis

16. Market Dynamics & Its Impact Analysis

17. North America Patient (Human) Monitoring Devices Market Value Forecast (USD Million) & Y-o-Y Growth (%), 2013-2024

18. Business Opportunities in the Patient(Human) Monitoring Devices Market, By Country

19. Competitive Landscape

20. Guide to the Industry by Region & Analyst's Recommendations

Companies Mentioned

• BioTelemetry Inc.
• Medtronic
• Honeywell HomMed
• Boston Scientific
• Applied Cardiac Systems
• GE Healthcare
• Philips Healthcare
• Roche Diagnostics
• Abbott Laboratories
• Paragon Medical Supply Inc.

For more information about this report visit https://www.researchandmarkets.com/research/j2dcc3/north_america?w=5

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