Mobile Cardiac Telemetry Systems Market Outlook to 2027 - Mortara Instrument, Aerotel Medical Systems, AliveCor, Vitasystems, CardioComm, Draeger Medical Systems, Mortara Instrument, Norav Medical, Getemed Medizin-Und Informationstechnik, SCHILLER, Spacel

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 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.

Market Insights: Rising prevalence of cardiovascular diseases is expected to boost the market growth over the years

Cardiovascular diseases (CVDs) are the disorders of the heart and blood vessels and include cerebrovascular disease, coronary heart disease, rheumatic heart disease and other conditions. CVDs are the leading cause of death across the globe, it affects more people as compared to any other disease. According to the World Health Organization’s Fact sheet on cardiovascular diseases, in 2016, approximately 17.9 million people died from CVDs, which was 31.0% of all the global deaths. Among these approximately 85% were due to heart attack and stroke. Heart attacks and strokes are mainly caused due to fatty deposits that block the blood vessels that prevents blood from flowing to the heart or brain. Strokes are also caused due to bleeding from a blood vessel in the brain or from blood clots. Heart attacks and strokes are caused due to increased consumption of tobacco use, unhealthy diet and obesity, physical inactivity and rising alcohol consumption, hypertension, and diabetes.

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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.

Owing to the rising cases of cardiovascular diseases across various countries, the need and demand for the mobile cardiac telemetry systems for the treatment of the CVD is expected to increase in the coming years.

Increasing Medical Tourism in Emerging Nations:

Medical tourism is one of the driving factor that is leading to the growth of the mobile cardiac telemetry systems. The medical tourism is rising in the North American and in Asia Pacific regions. Along with these region the Middle East region is focusing more for the rise in the medical tourism.

The emerging markets in the developing economies are expected to be the crucial factor offering better and lucrative growth opportunities for the major players to expand their business and geographic reach. Most of the market players focus on emerging market such as Asia Pacific due to an increase in the prevalence of heart diseases and increasing popularity of the advanced treatment in the region. In India, medical science has growing rapidly as well as big steps forward in past few decades. The total occlusion treatment has become popular that people from other countries are coming here to get themselves treated. The most possibly and compelling reason of this might be the excessively high expenses for health care causes in their own country. Due to existing rates of exchange and several other factors, heart diseases treatment in India becomes very cheap as compared to other foreign countries. In Japan, the number of foreign visitors increasing that will add to become an increasingly important part of the Japanese economy.

Additionally, government authorities in Asia Pacific are focusing on strengthening their medical tourism sector, thereby maximizing the flow of revenue.

Whereas, Poland has slowly arisen as a favorite medical tourism destination in Europe. For instance, in Poland, the costs medical treatments are often lower by 60-80% compared to the same benefits in the rest of the EU countries. The major reason for the growth of the tourism is Poland's recognition and acceptance to the European Union. The rising medical tourism in the emerging nations such as Poland is anticipated to provide significant growth opportunities to the players operating in the market during the forecast period.

Technology Insights:

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 Insights:

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.


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Mobile Cardiac Telemetry Systems Market – Market Segmentation

By Technology
• Lead Based
• Patch Based

By End User
• Hospitals
• Ambulatory Surgical Centres
• Cardiac Centres

By Geography
• North America
• U.S.
• Canada
• Mexico

• Europe
• France
• Germany
• UK
• Italy
• Spain

• Asia Pacific (APAC)
• China
• Japan
• India
• Australia
• South Korea

• Middle East & Africa (MEA)
• Saudi Arabia
• South Africa
• UAE

• South America (SAM)
• Brazil
• Argentina

Company Profiles:
1. Getemed Medizin-Und Informationstechnik Ag
2. Meditech Ltd.
3. SCHILLER AG
4. Spacelabs Healthcare Ltd.
5. CardioDiagnostics
6. CONTEC MEDICAL SYSTEMS CO.,LTD.
7. Shanghai Sunbright Industrial Co., Ltd
8. INSTRO MEDIX INDIA PVT. LTD.
9. Shenzhen Creative Industry Co.,Ltd.
10. DM Information (Guangzhou) Co.,Ltd

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6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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