Smart Diagnostic and Monitoring Medical Device Market Share

North America Market Statistics

Regionally, the global smart diagnostic and monitoring medical device market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, North America industry is predicted to dominate majority revenue share by 2037, on the back of high adoption of medical technology and rapid advancement in the field of healthcare in the region. Moreover, growing elderly population and rise in chronic illnesses such as cardiovascular disease within the population increased the need for home-based and remote patient monitoring devices, which is estimated to expand the smart diagnostic and monitoring medical device market size in the region during the forecast period. The American Heart Association published a report showing that in 2018, coronary heart disease (CHD) accounted for nearly 13% of death solely in the United States.  In addition, improvements in healthcare infrastructure and medical services are also expected to fuel the market growth in the region.