North America Remote Patient Monitoring Devices Market Size & Outlook
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North America remote patient monitoring devices market highlights
- The North America remote patient monitoring devices market generated a revenue of USD 1,869.6 million in 2023.
- The market is expected to grow at a CAGR of 18.3% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,869.6 million |
| Market revenue in 2030 | USD 6,069.1 million |
| Growth rate | 18.3% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vital Sign Monitors, Specialized Monitors |
| Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, North America region accounted for 36.1% of the global remote 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 4,403.7 million by 2030.
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Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CareValidate | View profile | 11-50 | Atlanta, Georgia, United States, North America | https://www.carevalidate.com/ |
| Vital Farms Inc Ordinary Shares | View profile | 447 | 3601 South Congress Avenue, Suite C100, Austin, TX, United States, 78704 | https://www.vitalfarms.com |
| American Well Corp Ordinary Shares - Class A | View profile | 1104 | 75 State Street, 26th Floor, Boston, MA, United States, 02109 | https://business.amwell.com |
| shenzhen mindray automation equipment co. | View profile | 101-250 | Baoan, Guangdong, China, Asia | https://www.mindray-ele.com |
| BioTelemetry | View profile | 1001-5000 | Malvern, Pennsylvania, United States, North America | https://www.gobio.com |
| OSI Systems Inc | View profile | 6423 | 12525 Chadron Avenue, Hawthorne, CA, United States, 90250 | https://www.osi-systems.com |
| Masimo Corp | View profile | 3796 | 52 Discovery, Irvine, CA, United States, 92618 | https://www.masimo.com |
| Welch Allyn | View profile | 1001-5000 | Skaneateles Falls, New York, United States, North America | https://www.welchallyn.com/en.html |
| BIOTRONIK | View profile | 5001-10000 | Berlin, Berlin, Germany, Europe | https://www.biotronik.com/de-de |
| Draegerwerk AG & Co KGaA | View profile | 16476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | https://www.draeger.com |
| Nihon Kohden Corp | View profile | 6325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | http://www.nihonkohden.co.jp |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
| Roche Holding AG ADR | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
North America remote 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 remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.54% in 2023. Horizon Databook has segmented the North America remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
North America is the most developed market for remote patient monitoring devices. The increasing use of remote patient monitoring for regular, continuous, and long-term monitoring of patients, along with reducing the frequency of hospital visits, is anticipated to fuel the growth of this market over the forecast period.
Additionally, the rise in chronic diseases that need routine monitoring, coupled with the presence of sophisticated healthcare infrastructure, is further likely to drive the market. These devices are being increasingly adopted by medical practitioners and patients due to their various advantages.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America remote patient monitoring devices market , including forecasts for subscribers. This continent databook contains high-level insights into North America remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America remote patient monitoring devices market size, by country, 2018-2030 (US$M)
North America Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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