North America Elderly Monitors Market is expected to grow significantly due to rising prevalence of chronic diseases. Increasing geriatric population and rising collaborations among key players are also propelling the growth of the market. However, high cost of monitoring devices may hamper the market growth in the forecast period.
North America Elderly Monitors Market Scenario
According to Data Bridge Market Research, the market for North America elderly monitors market in the U.S. has the highest market share in the elderly monitors market. Market leaders are GENERAL ELECTRIC, Koninklijk Philips N.V., and Medtronic, which account for an estimated market share of approximately 55% to 60%.
- In April 2021, GENERAL ELECTRIC announced its collaboration with Verizon Business to create a cross-country testbed powered by Verizon 5G ultra-wideband. This helped the company improve its product portfolio by delivering new technology.
- In March 2021, Koninklijke Philips N.V. announced that it has partnered with Dutch development bank FMO to improve access to quality primary care in Africa. The partnership increased the healthcare expenditure in the African region and helped the company expand its business.
Trends Impacting the Market
Now the question is which other regions GENERAL ELECTRIC, Koninklijke Philips N.V., Medtronic are targeting? Data Bridge Market Research has estimated a large growth in North America elderly monitors market and the market leaders are targeting the U.S., Canada, and Mexico to be their next revenue pockets for 2021.
The medical elderly monitors market is becoming more competitive with companies, such as GENERAL ELECTRIC, Koninklijke Philips N.V., and Medtronic, as they are the top dominating companies in the market having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the elderly monitors market.
For more analysis on the elderly monitors market request for a briefing with our analysts https://www.databridgemarketresearch.com/reports/north-america-elderly-monitors-market
North America Elderly Monitors Market Development
- In May, AMC Health announced the launch of Congestive Heart Failure (CHF) and Chronic Obstructive Pulmonary Disease (COPD) programs with Blue Cross & Blue Shield of Rhode Island (BCBSRI) for its medicare advantage members. The product has enabled remote ease and quick for the users. This product launch increased the company’s product portfolio leading to increased demand and sales of products in future.
Scope of the North America Elderly Monitors Market
North America elderly monitors market is segmented on the basis of countries into the U.S., Canada, and Mexico.
All country based analysis of North America elderly monitors market is further analyzed based on further segmentation. On the basis of product, the North America elderly monitors market is segmented into safety monitoring devices, pads, communication aids, activity monitors, location monitors, and caregiver call systems. The safety monitoring devices are further segmented into fall monitors, motion sensors, central monitoring, portable paging system, and wheel chair monitoring system. The fall monitors are further segmented into corded fall monitors and cordless fall monitors. The pads segment is further segmented into bed sensor pads, chair sensor pads, and floor sensor mats.
To know more about the study https://www.databridgemarketresearch.com/reports/north-america-elderly-monitors-market
Key Pointers Covered in North America Elderly Monitors Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
Key Market Competitors Covered in the Report
Key market players operating in the North America elderly monitors market are listed below:
- Koninklijke Philips N.V.
- Wansview
- Smart Care Giver Corporation
- Resideo Technologies, Inc.
- Care Innovations, LLC
- Boston Scientific Corporation
- Biotronik
- Abbott
- Medtronic
- Reolink
- Arlo
- AlertONE
- Alive Technologies
- EarlySense
- Kwido (Ideable Solutions)
- Emfit, Withings
- Omron Healthcare, Inc.
- AMC Health
- GE among others
Above are the key players covered in the report, to know about more and exhaustive list of elderly monitors market companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-elderly-monitors-market
Research Methodology: North America Elderly Monitors Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Clinicians, Healthcare Professionals, Researchers, Academician.
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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- Global Elderly Care Market
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- Global Transcutaneous Monitors Market
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