Press release
Mobile Cardiac Telemetry Systems Market: Future Growth Insights of Leading Key Players Medtronic, BioTelemetry Inc., Applied Cardiac Systems, Inc, Medicomp Inc,
According to The Insight Partners market research study titled 'Mobile Cardiac Telemetry Systems Market - Global Analysis and Forecasts by Technology and End User, the global Mobile cardiac telemetry systems market is expected to reach US$ 1,546.4 Mn in 2027 from US$ 564.8 Mn in 2018. The market is estimated to grow with a CAGR of 12.4% from 2019-2027. The report highlights the trends prevalent in the global mobile cardiac telemetry systems market and the factors driving the market along with those that act as deterrents to its growth.Get sample PDF copy @ https://bit.ly/3cT0uBI
The key players influencing the market are:
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
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.
Key factors driving the market are, rising prevalence of cardiovascular diseases, benefits of monitoring patients with mobile cardiac telemetry (MCT), and rising geriatric population. However, factors such as stringent regulations for approval, and technical problems associated with the mobile cardiac telemetry (MCT) are likely to restrain the market growth to a certain extent.
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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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 a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.
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