The North America Veterinary Patient Monitoring Devices market reached USD 115.38 Million in 2013 by registering a CAGR of 4.5% across North America. Moreover, the market is expected to garner USD 189.22 Million by the end of 2025.
The North American demand for Veterinary Patient Monitoring Devices is increasing due to massive growth of healthcare industry across the region. Further, increasing awareness about animal diseases and rising incidence of animal diseases is key growth driver for North America Veterinary Patient Monitoring Devices market over the forecast period. U.S is slated to account for a market share of 88.0% by 2027 in the North America Veterinary Patient Monitoring Devices market. Further, the market is expected to account USD 166.5 Million by 2025 from USD 100.4 Million in 2013.
The U.S. market is further segmented on the basis of product type into Cardiac Monitoring, Respiratory Monitoring Devices, Hematological Monitoring Devices, Anesthesia Systems Monitoring Devices, Renal Function Monitoring Devices, Telemetry Devices, Multi-parameter Monitors and Other monitoring devices. In this segment Cardiac Monitoring devices hold the highest market share in 2013 and is expected to hold the same position with 25.6% share in the year 2024.
The U.S. market is also divided on the basis of configuration into Portable, Implantable and Modular & Compact monitoring devices out of which portable devices are expected to achieve a heist CAGR of 5.0% over the forecast period.
The market is also divided on the basis of type into wireless and wired patient monitoring device within which wireless devices are expected to grow with the highest CAGR of 5.0% over the forecast period and is expected to capture a market value of USD 60.9 Million in the year 2025.
The U.S. market is also divided on the basis of End-User into hospitals, clinics and others out of which hospitals are expected to achieve a high CAGR of 5.0% over the forecast years and is expected to capture a CAGR of USD 106.6 Million in the year 2025.
Canada market is expected to expand at a CAGR of 3.8% during the forecast period i.e. 2018-2024. The market is projected to reach to a valuation of USD 22.7 Million by the end of 2024 from USD 15.0 Million in 2013. It is also expected to mark a growth rate of 4.3% in 2025.