The mobile cardiac telemetry systems global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mobile Cardiac Telemetry Systems Market, 2024The mobile cardiac telemetry systems global market report 2024
Market Size – The mobile cardiac telemetry systems market size has grown rapidly in recent years. It will grow from $0.88 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to rising healthcare costs, regulatory approvals, patient demand for convenience, rising healthcare costs, and improved wireless technologies.
The mobile cardiac telemetry systems market size is expected to see rapid growth in the next few years. It will grow to $1.43 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to the growing geriatric population, healthcare policy support, increasing cardiovascular disease incidence, and awareness and early diagnosis. Major trends in the forecast period include integration with AI and machine learning, enhanced data security, telemedicine synergy, personalized medicine, and wearable device innovation.
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Scope Of Mobile Cardiac Telemetry Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mobile Cardiac Telemetry Systems Market Overview
Market Drivers –
The increasing incidence of cardiovascular disease is expected to propel the growth of the mobile cardiac telemetry systems market moving forward. Cardiovascular diseases encompass a group of conditions that affect the heart and blood vessels, including coronary artery disease, heart failure, arrhythmias, and hypertension, which can result in severe health complications like heart attacks, strokes, and other cardiovascular events. The rising rate of cardiovascular disease is largely due to the prevalence of risk factors such as sedentary lifestyles, poor diets, obesity, and aging populations. Mobile cardiac telemetry systems provide continuous, real-time monitoring and early detection of cardiac arrhythmias in patients with cardiovascular disease. For instance, in January 2024, the American Heart Association reported a slight increase in total cardiovascular-related deaths, reaching 931,578, a marginal rise of 3,000 fatalities compared to the previous year’s figure of 928,741. Therefore, the growing incidence of cardiovascular disease is driving the growth of the mobile cardiac telemetry systems market.
Market Trends – Major companies operating in the mobile cardiac telemetry systems market are increasing their focus on developing innovative solutions, such as real-time monitoring telemetry devices, to gain a competitive edge in the market. Real-time monitoring telemetry devices are systems designed to collect, transmit, and analyze data from a remote source continuously and immediately. For instance, in May 2021, VitalConnect Inc., a US-based provider of wearable biosensor technology, launched its VitalPatch RTM mobile cardiac telemetry (MCT) solution, positioning itself uniquely in the cardiac monitoring market. This advanced platform integrates multiple cardiac monitoring capabilities, allowing for continuous, real-time detection of cardiac arrhythmias while simultaneously measuring key physiological parameters such as heart rate, respiratory rate, and activity levels. The VitalPatch RTM uses a wireless Bluetooth connection to transmit high-fidelity ECG signals to the secure VitalCloud, enabling healthcare professionals to access real-time patient information analyzed by certified cardiac monitoring technicians.
The mobile cardiac telemetry systems market covered in this report is segmented –
1) By Product Type: Multiple Lead Mobile Cardiac Telemetry Systems, Mobile Cardiac Telemetry Patch
2) By Diseases: Cardiovascular Diseases, Angina Pectoris, Atherosclerosis, Heart Failure, Other Diseases
3) By End-Use: Hospitals, Cardiac Centres, Home Care Settings, Other End-Uses
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Regional Insights – North America was the largest region in the mobile cardiac telemetry systems market in 2023. The regions covered in the mobile cardiac telemetry systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Medtronic PLC, Philips Healthcare, Boston Scientific Corporation, Biotricity Inc., Zoll Medical Corporation, Spacelabs Healthcare, iRhythm Technologies Inc., Infobionic Inc., Reactdx, Medicomp Inc., Applied Cardiac Systems Inc., Bardy Diagnostics Inc. (a Hillrom company), Medicalgorithmics S.A., ScottCare Corporation, Ambucor Health Solutions Inc., Biotricity Inc., Vitaphone GmbH, Telerhythmics LLC, Card Guard, Heart Test Laboratories Inc.
Table of Contents
- Executive Summary
- Mobile Cardiac Telemetry Systems Market Report Structure
- Mobile Cardiac Telemetry Systems Market Trends And Strategies
- Mobile Cardiac Telemetry Systems Market – Macro Economic Scenario
- Mobile Cardiac Telemetry Systems Market Size And Growth
…..
- Mobile Cardiac Telemetry Systems Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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