Press release
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
Mobile Cardiac Telemetry Systems Market
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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