North America Digital Patient Monitoring Devices Market Size & Outlook
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North America digital patient monitoring devices market highlights
- The North America digital patient monitoring devices market generated a revenue of USD 57,337.0 million in 2023.
- The market is expected to grow at a CAGR of 25% from 2024 to 2030.
- In terms of segment, wearable devices was the largest revenue generating type in 2023.
- MHealth is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 57,337.0 million |
| Market revenue in 2030 | USD 272,770.8 million |
| Growth rate | 25% (CAGR from 2023 to 2030) |
| Largest segment | Wearable devices |
| Fastest growing segment | MHealth |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, Remote Patient Monitoring |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, AT&T, Athenahealth, Abbott Laboratories, Koninklijke Philips NV, Hill-Rom, Medtronic PLC, OMRON Corp, Fitbit, Garmin Ltd, ResMed Inc, Siren |
Other key industry trends
- In terms of revenue, North America region accounted for 40.8% of the global digital patient monitoring devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 126,721.1 million by 2030.
North America dominated the digital patient monitoring devices market in 2020 and is expected to maintain its position during the forecast period. Major factors contributing to growth of this region are increasing geriatric population, growing burden of chronic diseases due to lifestyle changes, and increasing preference for home & remote monitoring.
According to CDC, heart disease is one of the leading causes of deaths in the U.S. According to the American Heart Association, the yearly incidence for heart attack in the U.S. was reported to be around 720,000 and 335,000 recurrent attacks. Adoption of sedentary lifestyle, such as a high sugar diet, poses a high risk of developing heart disease.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| ResMed Inc | View profile | 10,140 | 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 | www.resmed.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| Fitbit | View profile | 251-500 | San Francisco, California, United States, North America | www.fitbit.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
North America Digital Patient Monitoring Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Digital Patient Monitoring Devices Market Outlook will help companies and investors design strategic landscapes.
Wearable Devices was the largest segment with a revenue share of 31.3% in 2023.
Horizon Databook has segmented the North America digital patient monitoring devices market based on wireless sensor technology, mhealth, telehealth, wearable devices, remote patient monitoring covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the digital patient monitoring devices market in 2020 and is expected to maintain its position during the forecast period. Major factors contributing to growth of this region are increasing geriatric population, growing burden of chronic diseases due to lifestyle changes, and increasing preference for home & remote monitoring.
According to CDC, heart disease is one of the leading causes of deaths in the U.S. According to the American Heart Association, the yearly incidence for heart attack in the U.S. was reported to be around 720,000 and 335,000 recurrent attacks. Adoption of sedentary lifestyle, such as a high sugar diet, poses a high risk of developing heart disease.
- North America Digital Patient Monitoring Devices Market Type Outlook (Revenue, USD Million , 2018-2030)
- Wireless Sensor Technology
- mHealth
- Telehealth
- Wearable Devices
- Remote Patient Monitoring
- North America Digital Patient Monitoring Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Diagnostic Monitoring Devices
- Therapeutic Monitoring Devices
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Digital Patient Monitoring Devices Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Digital Patient Monitoring Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Digital Patient Monitoring Devices Market, 2018-2030 (US$M)
North America Type - Digital Patient Monitoring Devices Market Statistics, 2023 - 2030 (US$M)
