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Mobile Cardiac Telemetry Systems Market expected to grow at a CAGR of 12.4% during the forecast period 2019 – 2027 With Medtronic, BioTelemetry, BioTelemetry, Preventice Services, Welch Allyn, And Other

05-09-2019 11:27 AM CET | Health & Medicine

Press release from: The Insight Partners

Mobile Cardiac Telemetry Systems Market

Mobile Cardiac Telemetry Systems Market

The newest research report global Mobile cardiac telemetry systems Market illustrates pin point sharp market insights includes detailed Mobile cardiac telemetry systems industry aspects forecast over a period from 2018 to 2025. It conducts a fervent study of business positions to offer in detail knowledge of Mobile cardiac telemetry systems business habits of past, present, and future.

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.

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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.

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.

Company Profiles

• Medtronic
• BioTelemetry Inc.
• Applied Cardiac Systems, Inc
• Medicomp Inc
• Preventice Services, LLC
• The Scottcare Corporation
• Medi-Lynx (Subisidiary Of Medicalgorithmics, S.A)
• Zoll Medical Corporation
• Welch Allyn
• Telerhythmics, LLC

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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.

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.

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.

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
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.

Contact us:

The Insight partners,

Phone: +1-646-491-9876

Email: sales@theinsightpartners.com

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