GENERAL ELECTRIC, Koninklijke Philips N.V. and Medtronic are Dominating the North America Elderly Monitors Market in 2020

North America Elderly Monitors Market is expected to grow with the CAGR of 5.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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North America elderly monitors market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.    

Major players operating in the North America elderly monitors market are introducing a wide range of products along with launching new products and adopting strategic initiatives, such as acquisitions, agreements into the market. This helps companies maximize their sales with enhanced product portfolio.

For instance,

  • In April 2021, GENERAL ELECTRIC announced that it has updated its Smart Signal predictive maintenance software solution that helps industrial companies proactively predict, diagnose, forecast, and prevent equipment failures. It helps in acquiring more accurate and early predictive analytics for hundreds of common industrial assets.

GENERAL ELECTRIC is the dominating player in North America elderly monitors market. Other key players existing in the market include 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.

North America Elderly Monitors MarketGENERAL ELECTRIC

GENERAL ELECTRIC was founded in 1892, and headquartered in Boston, the U.S. The company is focused on building, moving, powering, and curing the world by inventing the next era of industries. It has business segments including power, healthcare, renewable energy, capital, and aviation, in which healthcare is the market focused segment. The company also provides various product categories including patient monitoring, pharmaceutical imaging agents, healthcare IT, pharmaceutical IT, and virtual care solutions In which patient monitoring is the market focused category.   

For instance,

  • In April 2021, GENERAL ELECTRIC announced its collaboration with Verizon Business to create a cross-country testbed powered by Verizon 5G ultra-wideband. This collaboration helped the company improve its product portfolio by delivering new technology. The company has presence in Americas, Asia-Pacific, Middle East, and Europe. The company also has various subsidiary companies such as ALSTOM Power Systems (France), ALSTOM UK Holdings Ltd. (United Kingdom & Northern Ireland), Amersham Health Norge AS (Norway), Baker Hughes, a GE company, LLC (Delaware), and Bently Nevada, LLC (Delaware) among others

Koninklijke Philips N.V.

Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, the Netherlands. The company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy, and health informatics. In addition, it offers solutions in consumer health and home care. The business segment of the company includes diagnosis & treatment businesses, personal health businesses, connected care & health, and others and which diagnosis & treatment businesses is the market focused segment. The company provided various products under personal care, household products, mother & child care, health, lighting, sound & vision, automotive part, and accessories categories. The market focused products lie under the health product category. The company has initiated several strategic initiatives to expand its market growth.

For instance,

  • 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 to expand its business.

The company has wide presence across Europe, North America, South America, Asia-Pacific, Middle East and Africa. It also has various subsidiary companies including Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (The Netherlands), Philips Medical Systems Nederland B.V. (The Netherlands), Philips Ultrasound, Inc. (U.S.), and Philips Oral Healthcare, LLC (U.S.) among others.

Medtronic

Medtronic was incorporated in 1949 and headquartered in Dublin, Ireland. The company focuses on treatment of various health conditions and offers patient monitoring systems, respiratory systems, and more in domains such as cardiovascular, respiratory, and diabetes. It has business segments including cardiac and vascular group, minimally invasive therapies group, restorative therapies group and diabetes group, among which diabetes group is the market focused business segment. In addition, the company has various product categories including advanced surgical technology, cardiac rhythm, cardiovascular, diabetes, digestive & gastrointestinal, ear, nose & throat, general surgery, gynaecological, neurological, oral, maxillofacial & dental, patient monitoring, renal care, respiratory, spinal & orthopaedic, surgical navigation & imaging, and urological and patient monitoring is the market focused category.

The company has wide presence across North America, Europe, Middle East and Africa, South America, and Asia-Pacific. It has various subsidiary companies such as A&E Hangers Taiwan Co., Ltd. (Taiwan), A&E Products Group, Inc. (Delaware), Accucomp (Pty.) Ltd. (Delaware), and Airox, Inc. (France) and Arterial Vascular Engineering UK Limited (U.K.) among others. The company has initiated many strategic initiatives to expand its market.

For instance-

  • In November 2020, Medtronic announced that it had been ranked as one of the leading firms for sustainability by the Dow Jones Sustainability North America Index (DJSI North America). This recognition received by the company has increased its credibility, leading to increased demand for its products in the market.