Monitoring the Well-Being of North America's Elderly Population

North America elderly monitors market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.7% in the forecast period of 2021 to 2028 and is expected to reach USD 1,378.92 million by 2028 from USD 910.22 million in 2020. Rising prevalence of chronic diseases and surging pool of geriatric population are major drivers which are expected to propel growth of the market in the forecast period.

North America Elderly Monitors Market Scope and Market Size
North America elderly monitors market is segmented on the basis of product, modality, monitoring type, acuity scale, end user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of product, the North America elderly monitors market is segmented into safety monitoring devices, pads, communication aids, activity monitors, location monitors, caregiver call systems, and others. In 2021, the safety monitoring devices segment is expected to dominate the market due to rising technological advancements, which leads increased sales and demand for the product.
• On the basis of modality, the North America elderly monitors market is segmented into portable and fixed. In 2021, the fixed segment is expected to dominate the market because of increasing awareness and preferences for home healthcare.

Get More Info: https://www.databridgemarketresearch.com/reports/north-america-elderly-monitors-market

The market in the U.S. is expected to hold the dominant share of the North America elderly monitors market due to increasing prevalence of chronic diseases in the country. The U.S. is expected to grow with the highest CAGR in the forecast period due to increasing healthcare expenditure in medical devices in the country. The U.S. market is dominating in the market due to rising geriatric population. It is expected to grow with the most promising growth rate in the forecast period of 2021 to 2028 because of rising demand for elderly monitoring devices. Canada is expected to showcase substantial growth in the North America market due to rising disposable income in the country. On the other hand, Mexico is expected to grow in the forecast period of 2021 to 2028 due to improving technological advancement in the country.

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