USD 850.3 billion
Mobile Cardiac Telemetry Systems Market Size, Share, Growth Analysis, By Product (Multiple Lead, Mobile Cardiac Telemetry Patch), By Disease Indication (Cardiovascular Diseases, Angina Pectoris), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2661 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
65
Mobile Cardiac Telemetry Systems Market Insights
Mobile Cardiac Telemetry Systems Market size was valued at USD 930.43 Million in 2023 and is poised to grow from USD 1043.01 Million in 2024 to USD 2600.96 Million by 2032, growing at a CAGR of 12.1% during the forecast period (2025-2032).
Mobile cardiac telemetry (MCAT) is an innovative and real-time cardiac monitoring technology that offers convenient and reliable monitoring of patients with cardiac diseases. These advanced devices automatically detect and transmit ECG rhythms without requiring patient participation to a distant diagnostic monitoring laboratory, enabling continuous monitoring for up to 30 days. The growing mortality rates attributed to the high prevalence of cardiovascular disorders in the population are significant drivers for the expansion of the mobile cardiac telemetry (MCAT) market. Unhealthy lifestyle choices, including physical inactivity, obesity, and smoking, contribute to increased cardiac disorder incidences. Moreover, MCAT devices are increasingly being used to rapidly detect arrhythmogenic risks in COVID-19 patients during outpatient care, fueling market growth. Technological advancements and increased investments in the development and manufacturing of these devices, coupled with their widespread utilization for remote patient monitoring to reduce hospitalizations, are further propelling the mobile cardiac telemetry (MCAT) market. Additionally, factors such as global population growth, heightened awareness about diseases and treatments, high mortality rates, increased healthcare expenditure, and rising disposable incomes are positively impacting the demand for MCAT solutions.
US Mobile Cardiac Telemetry Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Lead-based
Fastest Growth
Lead-based
Growth Rate
12.2% CAGR
Global Mobile Cardiac Telemetry Systems Market($ Bn)
Country Share for North America Region (%)
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Mobile Cardiac Telemetry Systems Market Segmental Analysis
Global Mobile Cardiac Telemetry Systems Market is segmented by Product, Disease Indication, End-User, and region. Based on Product, the market is segmented into Multiple Lead Mobile Cardiac Telementry Systems, and Mobile Cardiac Telemetry Patch. Based on Disease Indication, the market is segmented into Cardiovascular Diseases, Angina Pectoris, Atherosclerosis, Heart Failure, and Other. Based on End-User, the market is segmented into Hospitals, Cardiac centres, Home Care Settings, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Mobile Cardiac Telemetry Systems Market Analysis By Application
The mobile cardiac telemetry system market is primarily dominated by the “Lead-based” segment, which holds a significant share due to the lightweight and user-friendly nature of lead-based MCTs, making them the preferred choice for many patients. However, this segment faces some drawbacks, such as lead failure and telemetry disruptions, which might limit its growth in the future.
On the other hand, the “Patch-based” segment is expected to be the fastest growing segment in the mobile cardiac telemetry system market during the forecast period. Patch-based Continuous Cardiac Rhythm Monitoring (CCRM) has emerged as a valuable clinical tool for quantifying and monitoring bradyarrhythmia and tachyarrhythmia in outpatient settings. These patch-based CRM devices offer an alternative to traditional Holter monitoring and are becoming increasingly popular due to their feasibility and patient-friendly features in detecting clinically meaningful arrhythmia, thus driving the demand for such devices.
Mobile Cardiac Telemetry Systems Market Analysis By End user
The “Hospitals” segment has emerged as the dominant player in the mobile cardiac telemetry system market. This growth can be attributed to the rising number of minimally invasive surgeries conducted in these facilities. Hospitals have a wide presence and are easily accessible, making them the preferred choice over other medical facilities. Additionally, favorable reimbursement policies are expected to further boost the demand for mobile cardiac telemetry systems in the coming years. On the other hand, the “Cardiac center” segment is anticipated to witness the fastest growth during the forecast period. This can be attributed to the increasing number of cardiac centers and the easy availability of skilled surgeons in these facilities. Ambulatory surgical centers are also expected to gain popularity due to the growing demand for outpatient services. Moreover, their cost-effective treatment options and shorter patient stay duration are significant factors driving the growth of this segment.
Global Mobile Cardiac Telemetry Systems Market By Application
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Mobile Cardiac Telemetry Systems Market Regional Insights
According to the region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is currently the most dominant market for mobile cardiac telemetry systems. This is attributed to the presence of advanced healthcare infrastructure, a large number of hospitals and cardiac centers, and a high prevalence of cardiovascular diseases in the region. Additionally, favorable reimbursement policies and increased adoption of advanced medical technologies contribute to the market's dominance in North America.
In the upcoming years, Asia Pacific is expected to exhibit the fastest market growth rate. The region is experiencing rapid economic growth and an increase in healthcare spending, leading to improved healthcare facilities and access to advanced medical technologies. The rising awareness about cardiovascular diseases and the growing geriatric population contribute to the increased demand for mobile cardiac telemetry systems in the Asia-Pacific region. Additionally, government initiatives to improve healthcare infrastructure and the presence of a large patient pool further fuel the market's growth in this region.
Global Mobile Cardiac Telemetry Systems Market By Geography
- Largest
- Fastest
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Mobile Cardiac Telemetry Systems Market Dynamics
Mobile Cardiac Telemetry Systems Market Drivers
Growing Preference for Minimally Invasive Surgeries:
- The increasing adoption of minimally invasive surgical procedures in cardiac treatments is driving the demand for mobile cardiac telemetry systems. These systems offer real-time monitoring of patients' cardiac activities, enabling healthcare providers to assess patient conditions accurately during and after surgeries, leading to improved patient outcomes.
Advancements in Healthcare Technology:
- Technological advancements in mobile cardiac telemetry systems, such as the integration of artificial intelligence (AI) and cloud computing, have enhanced the efficiency and accuracy of cardiac monitoring. The incorporation of AI algorithms enables better data analysis, early detection of cardiac abnormalities, and personalized treatment plans, which are propelling the market growth.
Mobile Cardiac Telemetry Systems Market Restraints
High Implementation Costs:
- The initial setup and implementation costs of mobile cardiac telemetry systems can be substantial for healthcare facilities, particularly for small and medium-sized providers. The high costs associated with equipment procurement, training, and maintenance pose a challenge for widespread adoption, especially in resource-constrained healthcare settings.
Limited Reimbursement Policies:
- In some regions, the lack of comprehensive reimbursement policies for mobile cardiac telemetry services can hinder the market growth. The absence of adequate reimbursement coverage may deter healthcare providers from investing in these systems, limiting their accessibility to patients and affecting market expansion in certain areas.
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Mobile Cardiac Telemetry Systems Market Competitive Landscape
The competitive landscape of the mobile cardiac telemetry system market is characterized by the presence of several key players vying for market share. Established medical device companies and innovative startups are actively engaged in research and development to introduce advanced monitoring technologies. These companies are focusing on strategic collaborations, partnerships, and acquisitions to expand their product portfolios and global presence. Key players are also investing in marketing and promotional activities to increase product awareness among healthcare professionals and end-users. Factors such as product performance, reliability, pricing, and customer support play a crucial role in determining the competitive positioning of companies in the dynamic mobile cardiac telemetry system market.
Mobile Cardiac Telemetry Systems Market Top Player’s Company Profile
- BioTelemetry, Inc.
- ScottCare
- Biotricity Inc.
- Welch Allyn
- Applied Cardiac Systems Inc.
- Medicomp Inc.
- Preventice Solutions
- Telerhythmics LLC
- Zoll Medical Corporation
- iRhythm Technologies, Inc.
Mobile Cardiac Telemetry Systems Market Recent Developments
- In May 2021, VitalConnect unveiled the VitalPatch RTM, a mobile cardiac telemetry solution. This state-of-the-art platform is designed to be programmable and adaptable, catering to diverse cardiac monitoring needs and specifications.
Mobile Cardiac Telemetry Systems Key Market Trends
Growing Demand for Remote Patient Monitoring
- Mobile cardiac telemetry systems are witnessing a surge in demand due to the increasing popularity of remote patient monitoring. These systems enable real-time monitoring of a patient's cardiac health outside the hospital setting, allowing healthcare providers to track and analyze data remotely. This trend has been particularly significant during the COVID-19 pandemic, as it offers a safer option for patients and reduces the burden on healthcare facilities.
Integration of Artificial Intelligence (AI) and Data Analytics:
- The incorporation of AI and data analytics in mobile cardiac telemetry systems is gaining momentum. AI-powered algorithms can analyze vast amounts of cardiac data collected by the devices, enabling quicker and more accurate detection of abnormalities or arrhythmias. This integration enhances the diagnostic capabilities of the systems and helps healthcare professionals make informed decisions, leading to better patient outcomes and more personalized treatment plans.
Mobile Cardiac Telemetry Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Treatment type team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global mobile cardiac telemetry systems market analysis, the increasing prevalence of cardiovascular diseases and the demand for continuous remote monitoring solutions are the key growth drivers. Mobile cardiac telemetry systems offer real-time monitoring of patients' heart activities, enabling timely intervention and improving patient outcomes. The market growth was driven by factors such as advancements in healthcare technology, rising healthcare expenditure, and the growing adoption of telemedicine and remote patient monitoring practices. Additionally, the convenience and portability of these systems, which allow patients to continue their daily activities while being monitored, were also contributing to market expansion. However, the mobile cardiac telemetry systems market has certain challenges. High initial costs and reimbursement complexities hindered adoption, especially in some regions with limited healthcare resources. Furthermore, data security and privacy concerns are critical factors that need to be addressed to gain the trust of patients and healthcare providers. Overall, the market shows promising growth throughout the period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 850.3 billion |
| Market size value in 2031 | USD 2396.12 billion |
| Growth Rate | 12.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mobile Cardiac Telemetry Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mobile Cardiac Telemetry Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mobile Cardiac Telemetry Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Cardiac Telemetry Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Cardiac Telemetry Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Cardiac Telemetry Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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