Mobile Cardiac Telemetry Systems Market Expected to Reach US$ 1,546.4 Mn in 2027 – Medtronic, BioTelemetry , Applied Cardiac Systems, Medicomp , Preventice Services, The Scottcare, Medi-Lynx, Zoll Medical, Welch Allyn, Telerhythmics

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 9.5% from 2019-2027.

The growth of the mobile cardiac telemetry systems market is primarily attributed to the 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 pose a negative impact on the market growth. On the other hand, increasing medical tourism in emerging nations is likely to have a positive impact on the growth of the global mobile cardiac telemetry systems market in the coming years.

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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.

Global mobile cardiac telemetry systems market, based on end user was segmented into hospital, cardiac Centres, and ambulatory surgical centres. The hospital segment is anticipated to grow at a CAGR of 12.7% during the forecast period. In hospitals, the electronic measurement of vital signs like ECG has been very common. ECG monitoring helps the medical team to analyze and investigate several heart problems and other metabolic abnormalities. For instance, hospitals utilize the ECG monitors for treatment of chest pain, heart attack, breathlessness and various cardiac surgeries. The need for the cardiovascular surgery treatments have become the major factor for the growth of the mobile cardiac telemetry systems market in the hospitals segment for the forecast period. Additionally, the similar segment is also expected to exhibit highest growth witnessing a robust CAGR over the forecast years.

Some of the major primary and secondary sources for mobile cardiac telemetry systems included in the report are, Dubai Health Authority (DHA), National Diagnosis-Related Group (DRG), European Heart Network (EHN), Fundación Española del Corazón (FEC), Oswaldo Cruz Foundation (FIOCRUZ), Group Purchasing Organizations (GPOs), Health Authority of Abu Dhabi (HAAD), National Institute of Astrophysics, Optics and Electronics (INAOE), South African Society for Cardiovascular Research (SASCR), and Saudi Heart Association (SHA) among others.

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Posted by on Thursday October 17 2019, 5:59 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Business Services, Diagnostics, Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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