Mobile Cardiac Telemetry Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
The
Mobile Cardiac Telemetry market is anticipated to gain the market worth of US$
1,264 million by 2025, expanding at a CAGR of 12.34% during the forecast period
2019-2025. The main reason for such escalation of the technology is growing
world's geriatric population and prevalence of cardiovascular diseases. Moreover,
interoperability and wireless technology to enhance real-time, remote monitoring and transition of care
delivery from hospital to home will mark as a trend in this industry. The
increasing trend of heart disease has turned the attention of researchers
toward the use of portable connected technologies. The necessity of continuous
special care for cardiovascular patients is an inevitable fact. The digital
revolution has transformed virtually every industry as well as every facet of
personal lives but has been conspicuously absent from the world of medicine.
Physicians and health care networks have been slow to adopt electronic medical
records and integrate medical data with the ubiquitous mobile device. In recent
years the prevalence of chronic diseases has increased due to the rise in life
expectancy and changes in lifestyle, and thus people suffering from these
pathologies often need continuous monitoring of their vital signs. The mobile
health field can provide new access opportunities for treatment and medical
services, constituting a valuable support instrument for both patients and
doctors.
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Intricating
cardiac complexities are the primary factor associated with healthcare costs
and the highest cause of death rate globally. However, preventive measures like
the early detection of cardiac anomalies can prevent severe cardiovascular
arrests of varying complexities and can impose a substantial impact on
healthcare costs. Encountering such scenarios usually the electrocardiogram
(ECG or EKG) is the first diagnostic choice of a medical practitioner or
clinical staff to measure the electrical and muscular fitness of an individual
heart. It is imperative to mention that out of overall mortality rate linked
with CVD, 47% of death happens out of cardiac care units. Out of cardiac care,
monitoring triggered a massive interest in the development of wearable devices
and sensors for the proactive healthcare monitoring system. Whenever a person
encounters any cardiac anomaly or a symptom pertaining to CVD, a cardiologist
or practitioner usually checks his/her physiological parameters like blood
pressure, oxygen saturation, heart rate, and analyze electrocardiogram. Even
the patients admitted under cardiac care unit after having cardiac arrest are
being monitored continuously for aforesaid physiological signals. However,
clinicians required numerous devices like ECG, Holter, pulse oximeter and many
other devices for the observation of these physiological parameters after
encountering the CVD.
The global Mobile
Cardiac Telemetry Devices market is segmented based on technology (lead-based
and patch-based devices) and end-user (hospitals, ambulatory surgical centres
and home settings). Under the technology segment, in 2018, the lead-based
devices dominated the global mobile cardiac telemetry devices market with the
maximum share in terms of revenue. Based on estimation, the segment occupied 60.2% share. However, the patch-based
devices are anticipated to grow by the highest
CAGR of 13.25%. Hospitals are the major end-users of mobile telemetry
device technology; the segment generated a revenue of US$ 350.5 million in
2018. However, home setting segment is expected to witness highest CAGR of
14.92% during the forecast period (2019-2025).
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Also, for better understanding
of the overall adoption rate of mobile cardiac telemetry devices in different
developed and developing markets, detailed analysis has been conducted for
different regions/countries including North America (US, Canada), Europe (UK,
Germany, France, Spain, Italy), Asia-Pacific (China, India, Japan, Australia),
and the Rest of the World (Middle East and Latin America). Based on the
estimation, Europe dominated the Mobile Cardiac Telemetry devices market,
accounting for a revenue share of 31.9% in 2018. The rising incidence of
cardiovascular diseases in Europe is influencing the healthcare service
providers to implement advanced telehealth services. Hence, the increasing
usage of telecardiology is expected to drive the market. Further, the rise in
geriatric population in Asia-Pacific and North America are anticipated to fuel
the Mobile Cardiac Telemetry market in both the regions in the coming years.
Asahi Kasei Corp.,
BioTelemetry Inc., Biotricity, Comarch, Hill-Rom Holdings Inc, Infobionic,
Koninklijke Philips N.V., Medicalgorithmics, Medicomp and Preventice are some
of the prominent players operating in the global Mobile Cardiac Telemetry
Devices industry. These players are adopting several growth strategies
including acquisition, product launches, partnership and business expansion to
increase their market presence and benefit as first mover advantages. The
industry has also witnessed the emergence of several start-ups in the
respective domain, majorly in the European region.
Global Mobile
Cardiac Telemetry Devices Market Segmentation
Market Insights,
by Technology
Lead-Based
Patch-Based
Market Insights,
by End User
Hospitals
Ambulatory Surgical Centres
Home Settings
Market Insights,
by Region
North
America Mobile Cardiac Telemetry Devices market
United States
Canada
Rest of North America
Europe Mobile
Cardiac Telemetry Devices market
Germany
United Kingdom
France
Italy
Sweden
Netherlands
Rest of Europe
Asia Pacific Mobile
Cardiac Telemetry Devices market
China
India
Japan
Rest of Asia Pacific
Rest of the
World Mobile Cardiac Telemetry Devices market
South Africa
Brazil
Rest of the world
Top Company
Profiles
Asahi Kasei Corp.
BioTelemetry Inc.
Biotricity
Comarch
Hill-Rom Holdings Inc
Infobionic
Koninklijke Philips N.V.
Medicalgorithmics
Medicomp
Preventice
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UMI understands that you may
have your own business need, hence we also provide fully customized solutions
to clients. The Global Mobile
Cardiac Telemetry Devices Market can be customized to country level or
any other market segment.
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