Mobile Cardiac Telemetry Systems Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The mobile cardiac telemetry systems market size has experienced significant growth in recent years, projected to rise from $0.88 billion in 2023 to $0.97 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.1%. This growth during the historical period can be attributed to several factors, including rising healthcare costs, regulatory approvals, patient demand for convenience, and advancements in wireless technologies. Looking ahead, the market size is expected to continue its rapid growth, reaching $1.43 billion in 2028 at a CAGR of 10.2%. Key drivers for this growth include an increasing geriatric population, healthcare policy support, a rise in cardiovascular disease incidence, and heightened awareness of the need for early diagnosis. Notable trends during the forecast period encompass the integration of AI and machine learning, enhanced data security, telemedicine synergy, personalized medicine, and innovations in wearable devices.
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.
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What Are The Key Trends That Influence Mobile Cardiac Telemetry Systems Market Share Analysis?
Major companies 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. Real-time monitoring telemetry devices are systems designed to continuously collect, transmit, and analyze data from a remote source. 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 also 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.
Which Market Players Are Driving Growth In The Mobile Cardiac Telemetry Systems Market?
Major companies operating in the mobile cardiac telemetry systems 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.
How Is The Global Mobile Cardiac Telemetry Systems Market Segmented?
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
Read The Full Mobile Cardiac Telemetry Systems Market Report Here
The Mobile Cardiac Telemetry Systems Global Market Report 2024 provides an overview of the mobile cardiac telemetry systemsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mobile cardiac telemetry systems market forecast analyzes mobile cardiac telemetry systems market size, mobile cardiac telemetry systems market share, leading competitor and their market positions.
The Table Of Content For The Mobile Cardiac Telemetry Systems Market Include
1. Mobile Cardiac Telemetry Systems Market Executive Summary
2. Mobile Cardiac Telemetry Systems Market Segments
3. Mobile Cardiac Telemetry Systems Market Size And Template Market Growth Rate
4. Key Mobile Cardiac Telemetry Systems Market Trends
5. Major Mobile Cardiac Telemetry Systems Market Drivers
……
25. Key Mergers And Acquisitions In The Mobile Cardiac Telemetry Systems Market
26. Top Mobile Cardiac Telemetry Systems Companies
27. Mobile Cardiac Telemetry Systems Market Opportunities And Strategies
28. Mobile Cardiac Telemetry Systems Market, Conclusions And Recommendations
29. Appendix
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