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Mobile Cardiac Telemetry Systems Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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Mobile Cardiac Telemetry Systems Market
1. Mobile Cardiac Telemetry Systems Market – Overview
A mobile cardiac telemetry system is a type of wearable device that helps to monitor and record the electrical activity of the heart. It is often used to detect arrhythmias, or abnormal heart rhythms.

The mobile cardiac telemetry system market is expected to grow at a healthy rate in the coming years. This can be attributed to the rising prevalence of cardiovascular diseases and the growing awareness about the early detection and treatment of these conditions. Additionally, the increasing adoption of technologically advanced products and the growing number of patients undergoing cardiac surgeries are also expected to contribute to market growth.

The mobile cardiac telemetry system market can be segmented based on product type, end-user, and geography. Based on product type, the market can be classified into event monitors, loop event recorders, and Holter monitors. The event monitors segment is expected to grow at the highest CAGR during the forecast period. This is due to the growing preference for these devices as they provide real-time monitoring of the heart and enable early detection of arrhythmias.

Based on end-user, the mobile cardiac telemetry system market can be divided into hospitals, ambulatory surgical centers, and cardiac clinics. The hospitals segment is expected to account for the largest share of the market in 2018. This is due to the increasing number of cardiovascular diseases and the growing number of cardiac surgeries being performed in hospitals.

The mobile cardiac telemetry system market is expected to witness strong growth in North America and Europe due to the presence of a large number of players in these regions and the growing awareness about the early detection and treatment of cardiovascular diseases. The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing number of cardiovascular diseases and the growing number of cardiac surgeries being performed in this region.

Some of the key players in the mobile cardiac telemetry system market are Abbott Laboratories (US), Biotronik SE & Co. KG (Germany), Boston Scientific Corporation (US), GE Healthcare (US), LivaNova PLC (UK), Medtronic plc (Ireland), PHILIPS Healthcare (Netherlands), SCHILLER AG (Switzerland), ST

2. Mobile Cardiac Telemetry Systems Market – Drivers
The Mobile Cardiac Telemetry Systems market is expected to grow significantly in the next few years owing to the rising prevalence of cardiovascular diseases and the growing geriatric population. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, accounting for 17.9 million deaths in 2016. The number is projected to rise to more than 23.6 million by 2030.

The rising prevalence of cardiovascular diseases is one of the major drivers for the Mobile Cardiac Telemetry Systems market. Cardiovascular diseases are often asymptomatic and can go undetected until they lead to a heart attack or stroke. Mobile cardiac telemetry systems are designed to continuously monitor patients for arrhythmias that could lead to these life-threatening events.

Another driver for the Mobile Cardiac Telemetry Systems market is the growing geriatric population. The elderly are at a higher risk of developing cardiovascular diseases, and the number of people aged 65 and over is expected to grow from 703 million in 2017 to 1.5 billion by 2050, according to the United Nations.

The rising prevalence of cardiovascular diseases and the growing geriatric population are expected to drive the Mobile Cardiac Telemetry Systems market over the forecast period.

3. Mobile Cardiac Telemetry Systems Market – Restraints
The growth of the mobile cardiac telemetry systems market is being hindered by certain restraints. These restraints have been identified as follows:

1. Lack of awareness about the benefits of mobile cardiac telemetry systems

There is a lack of awareness about the benefits of mobile cardiac telemetry systems, especially in developing countries. This is one of the major restraints for the growth of the mobile cardiac telemetry systems market.

2. High cost of mobile cardiac telemetry systems

The high cost of mobile cardiac telemetry systems is another restraint for the growth of the market. These systems are expensive and not affordable for all patients.

3. Lack of trained personnel

There is a lack of trained personnel to operate and interpret the data from mobile cardiac telemetry systems. This is a major restraint for the growth of the market.

4. Mobile Cardiac Telemetry Systems Market – Opportunity
The mobile cardiac telemetry systems market is expected to grow at a CAGR of around 9.5% during the forecast period of 2020-2025.

The major factors driving the growth of the mobile cardiac telemetry systems market are the rising prevalence of cardiovascular diseases and the growing preference for remote patient monitoring. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, accounting for nearly 17.9 million deaths in 2019. The WHO also predicts that the number of deaths due to cardiovascular diseases will rise to more than 23.6 million by 2030. The growing prevalence of cardiovascular diseases is expected to increase the demand for mobile cardiac telemetry systems during the forecast period.

Mobile cardiac telemetry systems are used for the remote monitoring of patients with cardiac conditions. These systems are used to monitor patients with arrhythmias, congestive heart failure, and myocardial infarction. Mobile cardiac telemetry systems help in the early detection of cardiac problems and help in the timely treatment of these conditions. These systems are also used to monitor the progress of patients post-surgery. The growing preference for remote patient monitoring is expected to increase the demand for mobile cardiac telemetry systems during the forecast period.

The mobile cardiac telemetry systems market is segmented by product type, by end user, and by region.

On the basis of product type, the mobile cardiac telemetry systems market is segmented into wearable and handheld. The wearable segment is expected to grow at the highest CAGR during the forecast period. Wearable mobile cardiac telemetry systems are easy to use and are more comfortable than handheld systems. These systems are also more discrete than handheld systems. The growing preference for wearable mobile cardiac telemetry systems is expected to drive the growth of the segment during the forecast period.

On the basis of end user, the mobile cardiac telemetry systems market is segmented into hospitals, clinics, and home care settings. The hospitals segment is expected to grow at the highest CAGR during the forecast period. Hospitals are the major end users of mobile cardiac telemetry systems. These systems are used in hospitals for the remote monitoring of patients with cardiac conditions. The growing number

5. Mobile Cardiac Telemetry Systems Market – Future Trend
The mobile cardiac telemetry systems market is expected to grow significantly in the next few years. This is mainly due to the increasing prevalence of cardiovascular diseases and the growing demand for early diagnosis and treatment of these diseases.

Mobile cardiac telemetry systems are used to monitor the heart rhythm and detect any abnormalities. These systems can be used to monitor patients with arrhythmias, heart failure, and other cardiovascular conditions. They are also used to monitor patients during and after cardiac surgery.

The global mobile cardiac telemetry systems market is segmented based on product type, application, end user, and geography.

Based on product type, the market is segmented into event monitors, Holter monitors, and loop event monitors. Event monitors are further classified into implantable event monitors and external event monitors. Holter monitors are further classified into 3-lead Holter monitors and 5-lead or more Holter monitors. Loop event monitors are further classified into single-loop event monitors and dual-loop event monitors.

Based on application, the market is segmented into arrhythmia detection, heart failure monitoring, and post-operative monitoring.

Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and home care settings.

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The major players in the mobile cardiac telemetry systems market are Boston Scientific Corporation, GE Healthcare, Philips Healthcare, Medtronic, Inc., and Zoll Medical Corporation.

The mobile cardiac telemetry systems market is expected to grow at a CAGR of 7.5% from 2018 to 2025.

The major factors driving the growth of this market are the increasing prevalence of cardiovascular diseases, the growing demand for early diagnosis and treatment of these diseases, and the growing number of clinical trials for mobile cardiac telemetry systems.

The mobile cardiac telemetry systems market is expected to be restrained by the high cost of these systems and the lack of trained personnel to operate these systems.

The opportunity in this market is the growing number of wearable devices with cardiac monitoring features.

The challenge

Key Players Covered 

 

Medtronic, BioTelemetry, Inc., Siemens Healthcare GmbH, Boston Scientific Corporation, Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., SHL Telemedicine, The ScottCare Corporation, Medicomp Inc., Preventice Services, LLC., Applied Cardiac Systems, Inc., and others.

 

SEGMENTATION 

 

 

 SEGMENTATION

 

 

  DETAILS

 

 

By Product Type

 

 

·      Multiple Lead Mobile Cardiac Telemetry Systems

·      Mobile Cardiac Telemetry Patch

 

 

By Disease Indication

 

 

·      Cardiovascular Diseases

·      Angina Pectoris

·      Atherosclerosis

·      Heart Failure

·      Others

 

 

By End User

 

 

·      Hospitals

·      Specialty Clinics

·      Diagnostic Centres

·      Home Care Settings

·      Others

 

 

By Geography

 

 

·      North America (USA and Canada)

·      Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

 

 

 

By Product Type

 

 

·      Multiple Lead Mobile Cardiac Telemetry Systems

·      Mobile Cardiac Telemetry Patch

 

 

By Disease Indication

 

 

·      Cardiovascular Diseases

·      Angina Pectoris

·      Atherosclerosis

·      Heart Failure

·      Others

 

 

By End User

 

 

·      Hospitals

·      Specialty Clinics

·      Diagnostic Centres

·      Home Care Settings

·      Others

 

Medtronic, BioTelemetry, Inc., Siemens Healthcare GmbH, Boston Scientific Corporation, Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., SHL Telemedicine, The ScottCare Corporation, Medicomp Inc., Preventice Services, LLC., Applied Cardiac Systems, Inc., and others.

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