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The global mobile cardiac telemetry systems market accounted to US$ 564.8 Mn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2019 – 2027, to account to US$ 1,546.4 Mn by 2027.
Europe cardiac telemetry systems market is expected to grow at highest rate during the forecast period owing to rising prevalence of the cardiovascular diseases, increasing developments in healthcare including, high quality of network of hospitals and medical centres. In addition, emergence of new local players with competitive product portfolio are expected to fuel the market growth in Europe region.
The “Global Mobile Cardiac Telemetry Systems Market Analysis to 2025” is a specialized and in-depth study of the Mobile Cardiac Telemetry Systems industry with a focus on the global market trend. The report aims to provide an overview of the Global Mobile Cardiac Telemetry Systems Market with detailed market segmentation by type, service, destination, end user, and geography. The Global Mobile Cardiac Telemetry Systems Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. It also provides market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
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Some of the Major Players In Mobile Cardiac Telemetry Systems Market:
An exclusive Mobile Cardiac Telemetry Systems Market research report created through broad primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Mobile Cardiac Telemetry Systems Market By Type, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Mobile Cardiac Telemetry Systems Market. Additionally, the report also highlights market entry strategies for various companies across the globe.
According to the European Cardiovascular Disease Statistics 2017, in Europe, every year cardiovascular disease (CVD) causes 3.9 million deaths and more than 1.8 million deaths in the European Union (EU). Furthermore, as per the American Heart Association (AHA) 2019 statistics, 121.5 million adults in the U.S. which is around half of the US adult population, suffers from cardiovascular disease.
The mobile cardiac telemetry systems market by technology is segmented into lead based and patch based systems. In 2018, the mobile cardiac telemetry systems with lead based segment held a largest market share of 60.1% of the mobile cardiac telemetry systems market, by technology. This segment is also expected to dominate the market in 2027 owing to advancements in ambulatory cardiac monitoring, and increasing rate of heart rhythm disorders. Moreover, the patch-based segment is anticipated to witness the fastest growth rate of 12.7% during the forecast period, 2019 to 2027 owing to advances in the technology of wearable cardiac monitors.
Strategic acquisition and product launches were observed as the most adopted strategy in global mobile cardiac telemetry systems industry. Few of the recent product launch and acquisitions are listed below:
2018: Medtronic discontinued marketing for its SEEQ Mobile Cardiac Telemetry (MCT) System to concentrate support on its Reveal LINQ Insertable Cardiac Monitor (ICM) System.
2016: BioTelemetry, Inc acquired Geneva Healthcare, Inc. which is the leading provider of remote monitoring for implantable cardiac devices.
2015: Medicomp launched TelePatch, which was the latest breakthrough in the world of ECG patches.
Mobile Cardiac Telemetry Systems Market – Market Segmentation
By End User
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