(MENAFN- America News Hour)
CRIFAX added a report on 'North America Patient Care Monitoring Equipment Market, 2021-2030' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated in the report.
The North America Patient Care Monitoring Equipment market in North America region is anticipated to observe a vibrant growth during the 2021-2030 period. This can be attributed to the growing developments in the healthcare sector as a result of rising research and development activities in this industry. The increasing initiatives taken by various research institutes and organizations for improving medical facilities and services are further leading to the market growth. The Centers for Disease Control and Prevention, a prominent public health institute of the United States, provided grant funding for a large number of healthcare initiatives in the region in 2018. The initiative such as vaccines for children and chronic disease prevention & health promotion received the highest portion of resources with 50.87% and 10.07% of a total of USD 7,496,307,789 respectively. This was followed by HIV/AIDS, viral Hepatitis, STI & TB prevention which received 9.82% as well as injury prevention and control with 5.66% of the funds. The growing number of health disorders and rising demand for improved treatment and preventive measures have led to the technological advancements in the medical industry.
Get the inside scoop with Sample report:
On account of growing personal expenditure on healthcare in the United States, the healthcare industry in the region is developing at a rapid pace, thereby resulting in the growth of the North America Patient Care Monitoring Equipment market. The personal healthcare expenditure in the country has witnessed a significant increase in the past decade from USD 1,804 Billion in 2006 to USD 2,834 Billion in 2016, which resulted in an average annual percent change of 4.6% during this period as reported by CDC. Hospital expenses accounted for the highest share with 38.2% of the total personal healthcare expenditure in United States in 2016. This was followed by physician & clinical, prescription drugs and dental expenses which held 23.5%, 11.6% and 4.4% share respectively. The inclination of the population to spend in this industry in exchange for enhanced technologies and advanced treatment methods as well as dental and hospital care is estimated to give rise to the growth of North America Patient Care Monitoring Equipment Market in the North America region by the end of 2028.
Get the inside scoop with Sample report:
Furthermore, to provide better understanding of internal and external marketing factors, the multi-dimensional analytical tools such as SWOT and PESTEL analysis have been implemented in the North America Patient Care Monitoring Equipment market report. Moreover, the report consists of market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter's five forces analysis, absolute $ opportunity and anticipated cost structure of the market.
CRIFAX is driven by integrity and commitment to its clients, and provides cutting-edge marketing research and consulting solutions with a step-by-step guide to accomplish their business prospects. With the help of our industry experts having hands on experience in their respective domains, we make sure that our industry enthusiasts understand all the business aspects relating to their projects, which further improves the consumer base and the size of their organization. We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. This has helped us to carve a niche in delivering 'distinctive business services' that enhanced our global clients' trust in our insights, and helped us to outpace our competitors as well.
U.K. Phone: +44 161 394 2021
U.S. Phone: +1 917 924 8284
Michael is a freelance writer with high proficiency for technical content writing. He loves to write on recent trends and developments taking place across industries owing to his keen interest for research. He has strong professional skill required to conduct in-depth industry analysis in addition to several other subject areas such as working on new innovations and technology, strategic planning, business strategies and market research.
Further, my major areas of interest are on subjects such as ICT, energy and power, and healthcare.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.