Mobile Cardiac Telemetry Systems Market (Covid-19) Impact and Analysis by 2027 | Medtronic, BioTelemetry, Applied Cardiac Systems, Medicomp, Preventice Services, The Scottcare Corporation, Medi-Lynx (Subisidiary Of Medicalgorithmics, S.A), Zoll Medical Co

The Insight Partners analysts forecasts the latest report on “Mobile Cardiac Telemetry Systems Market (Covid-19) Impact and Analysis by 2027”, according to report; The Mobile Cardiac Telemetry Systems Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Mobile Cardiac Telemetry Systems Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Mobile Cardiac Telemetry Systems Market.

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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.

Some of the Major Market Players 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

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.

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.

Mobile Cardiac Telemetry Systems Market – Market Segmentation

By Technology

• Lead Based
• Patch Based

By End User

• Hospitals
• Ambulatory Surgical Centres
• Cardiac Centres

The report analyses factors affecting the Mobile Cardiac Telemetry Systems Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Mobile Cardiac Telemetry Systems Market in these regions.

Moreover, the report entails the estimate and analysis for the Mobile Cardiac Telemetry Systems Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Mobile Cardiac Telemetry Systems Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Mobile Cardiac Telemetry Systems Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Mobile Cardiac Telemetry Systems Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Mobile Cardiac Telemetry Systems Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Mobile Cardiac Telemetry Systems Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Mobile Cardiac Telemetry Systems market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Mobile Cardiac Telemetry Systems market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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