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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Mobile Cardiac Telemetry System Market Outlook
The global mobile cardiac telemetry system market is expected to increase by USD 2080 million during the forecast period of 2024-2032 at CAGR of nearly 12.2%.
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The mobile cardiac telemetry system market is being driven by the burgeoning cases of cardiovascular diseases along with increasing demand for wearable products for real-time patient monitoring, globally.
Market Segmentation
Mobile cardiac telemetry (MCT) is used for cardiac monitoring, which further collects data and interprets patient’s heart rhythm to provide necessary information based on algorithms. The mobile cardiac telemetry system takes ECG samples periodically throughout the day to achieve its goal and further provides long term monitoring.
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On the basis of technology, the market can be broadly categorised into lead-based system and patch-based system.
The mobile cardiac telemetry system market can be broadly divided on the basis of its end-use segments into:
- Hospitals
- Clinics
- Ambulatory Surgical Centres
The EMR report looks into the regional mobile cardiac telemetry system markets like North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Market Analysis
The global mobile cardiac telemetry system is being driven by the increasing prevalence of cardiovascular diseases around the world, as it can diagnose heart rhythm disorders and can detect an auto-triggered cardiac event. The rising penetration of internet along with increasing demand for wearable products, like smart watches and fitness bands, is providing a further boost to the market. Moreover, the governments are taking measures to raise awareness among people regarding the equipments that can monitor cardiac diseases, which also aids the market. In 2018, the lead-based system accounted for the majority of the market share. North America leads the mobile cardiac telemetry system market, owing to the availability of reimbursement policies for treating cardiac conditions along with the increased focus on R&D sector in the region.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global mobile cardiac telemetry system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Medicomp Inc.
- BioTelemetry Inc. (NASDAQ: BEAT)
- Telerhythmics, LLC
- Preventice Solutions, Inc.
- Hill-Rom Holdings Inc. (NYSE: HRC)
- Asahi Kasei Corporation
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 12.4% between 2024 and 2032.
The major drivers of the industry, such as the growing demand for real-time patient monitoring, rising disposable incomes, increasing health awareness, rising demand from the developing regions, improving reimbursement policies, increasing prevalence of cardiovascular diseases, and the growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the launch advanced wearable healthcare products like smart watches, and growing R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
Lead-based system is the leading mobile cardiac telemetry system technology in the industry.
The major end-use sectors of the product include hospitals, clinics, and ambulatory surgical centres.
The major players in the industry are Medicomp Inc., BioTelemetry Inc., Telerhythmics, LLC, Preventice Solutions, Inc., Hill-Rom Holdings Inc., Asahi Kasei Corporation, Others.
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