Mobile Cardiac Telemetry Systems Market By Product Type (Lead Based, Patch Based), By End User Segment (Hospitals, Clinics, Ambulatory Surgical Centers) – Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

Mobile cardiac telemetry systems market to exhibit dynamic growth during the forecast period

The global mobile cardiac telemetry systems market is mounting competently, growing at a healthier CAGR of 9.1%. Mobile cardiac telemetry systems are used for real-time remote monitoring and transmitting cardiac measures to doctors or physicians. These are mainly applied for disease indications such as cardiac arrhythmia, heart-related conditions, atrial fibrillation, etc. Worldwide, growing incidences and prevalence of cardiac disorders, heart failure among the adult population (mainly above 55 years), and increasing need for advanced and quick real-time monitoring of patients along with enhanced patient safety will drive the overall market growth.

Market Synopsis

Lead-based segment expected to capture a larger market share by 2027

Advancements in the lead-based and patch-based, along with the development in the field of real-time data monitoring, will improve the overall growth globally. Increased focus on cardio activities and responses of mobile devices will improve the general state of the cardiovascular diagnostics industry. The lead-based segment represents around 65% of the market share globally. Improved diagnostic yield of mobile cardiac devices is expected to generate great demand from patients. As a result, advanced patch-based telemetry systems are expected to register a CAGR of more than 9.0% in revenue from 2020 to 2024.

Furthermore, the increasing demand in the home care settings is gaining traction slowly owing to speedy expansion in the ageing population. The growing incidence of cardiovascular disorders is expected to generate higher growth opportunities for mobile cardiac system manufacturers in the near future. The global market generally suffers from a deficiency of product diversity and concentrated price battles. Nevertheless, manufacturers can gain traction from an improved focus on commercializing their brands globally and retaining cost-containment processes.

Hospitals generated maximum revenue share in 2018

The hospital segment generated the maximum market share in the global market. The utilization of lead-based technology is high. Increased hospital admissions for cardiovascular diseases, heart conditions, and other disorders will boost the market growth. As of 2016, around 28 Mn individuals in the USA were diagnosed with heart disease. Russia has the highest prevalence of heart-related disease, with more than 1,750 heart disease-related deaths per 100,000 individuals. In 2016, more than 17.5 Mn people died from cardiovascular-related diseases, representing around 30% of all worldwide deaths.

Advancements in bioengineered technology, FDA approval of new devices, an increasing population with cardiac issues, and improved outcomes with real-time monitoring will drive the overall market growth for the mobile cardiac telemetry systems market. In addition, increasing awareness and utilization of lead-based systems in hospitals and ASCs will show significant growth in the near future.

Increasing adult population, the launch of new mobile devices and the presence of top manufacturers hold the U.S. market in a dominant position.

In 2018, the North American region accounted for the maximum market share globally due to an upsurge in admissions for cardiac disorders and increasing rates of heart failure, atherosclerosis, angina pectoris, and others. In addition, approval of new mobile devices, mainly in the diagnostics segment that includes real-time monitoring of a patient ECG, will have unprecedented levels of relevancy.

Presently, overall patient cardiac monitoring (on & off site) is rowing efficiently in the developed nations; the prevalence and burden of chronic diseases will further spur revenue growth. However, real-time accuracy, patient data security, less awareness and usage among the physicians in the emerging regions, high cost, and unstructured product penetration are a few major factors restraining the market growth on a global scale.

Increased research and development with strong product pipelines in the developed regions

Major players operating in the U.S. mobile cardiac telemetry systems market are Medtronic, Philips, Medicomp Inc., Siemens, and others, generating maximum revenue share. Players are developing with advanced monitoring expertise along with integrated solutions. Partnerships with small-scale service providers, acquisitions, and improved R&D on top medical technology will invent the development of the mobile cardiac telemetry systems market in emerging nations shortly.

Key Industry Developments 

• In March 2019, VirtuOx (home respiratory diagnostic provider) launched a new service named CardioCHECK to diagnose cardiac arrhythmias.
• Biotricity Inc. (a medical diagnostic and healthcare technology company) received its 510(k) clearance for its Bioflux device with the U.S. FDA.

List of Companies Covered:

• Medtronic Plc
• Medicomp Inc.
• BioTelemetry Inc.
• ZOLL Medical Corporation
• Welch Allyn
• ScottCare Corporation Solution
• Siemens Healthcare Pvt. Ltd
• Biotricity Inc.
• Preventice Solutions
• Telerhythmics LLC.
• Applied Cardiac Systems Inc.
• Philips Benelux

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Product Type (2017–2027; US$ Mn)

• Lead Based
• Patch Based

 End User Segment (2017–2027; US$ Mn)

• Hospitals
• Clinics
• Ambulatory Surgical Centers

 Geography Segment (2017–2027; US$ Mn)

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities better to understand the overall mobile cardiac telemetry systems market. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global MCTS Market
2.2. Global MCTS Market, by Product Type, 2018 (US$ Mn)
2.3. Global MCTS Market, by End-user, 2018 (US$ Mn)
2.4. Global MCTS Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global MCTS Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Mobile Cardiac Telemetry Systems (MCTS) Market, by Product Type , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Lead Based
4.3. Patch Based

5. Global Mobile Cardiac Telemetry Systems (MCTS) Market, by End-user, 2017-2027 (US$ Mn)
5.1. Hospitals
5.2. Clinics
5.3. Ambulatory Surgical Centers

6. North America Mobile Cardiac Telemetry Systems (MCTS) Market Analysis, 2017-2027 (US$ Mn)
6.1. Overview
6.1.1. North America MCTS Market Value and Growth, 2017-2027, (US$ Mn)
6.2. North America MCTS Market Value, By Product Type, 2017-2027 (US$ Mn)
6.2.1. Market Analysis
6.3. North America MCTS Market Value, By End-user, 2017-2027 (US$ Mn)
6.3.1. Market Analysis
6.4. North America MCTS Market Value, By Region/Country, 2017-2027 (US$ Mn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Mobile Cardiac Telemetry Systems (MCTS) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. Europe MCTS Market Value and Growth, 2017-2027, (US$ Mn)
7.2. Europe MCTS Market Value, By Product Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. Europe MCTS Market Value, By End-user, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. Europe MCTS Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Mobile Cardiac Telemetry Systems (MCTS) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Asia Pacific MCTS Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Asia Pacific MCTS Market Value, By Product Type, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Asia Pacific MCTS Market Value, By End-user, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Asia Pacific MCTS Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Mobile Cardiac Telemetry Systems (MCTS) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Rest of the World MCTS Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Rest of the World MCTS Market Value, By Product Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Rest of the World MCTS Market Value, By End-user, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Rest of the World MCTS Market Value, By Region, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. Medtronic Plc
10.2. Medicomp Inc.
10.3. BioTelemetry Inc.
10.4. ZOLL Medical Corporation
10.5. Welch Allyn
10.6. ScottCare
10.7. Siemens Healthcare Pvt. Ltd
10.8. Biotricity Inc.
10.9. Preventice Solutions
10.10. Telerhythmics LLC.
10.11. Applied Cardiac Systems Inc.
10.12. Philips Benelux

List of Figures

FIG. 1 Global Mobile Cardiac Telemetry Systems (MCTS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MCTS Market Segmentation
FIG. 4 Global MCTS Market, by Product Type, 2018 (US$ Mn)
FIG. 5 Global MCTS Market, by End User, 2018 (US$ Mn)
FIG. 6 Global MCTS Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key MCTS Market Manufacturers, 2018
FIG. 9 Global MCTS Market, by Product Type, Value, 2017–2027 (US$ Mn)
FIG. 10 Global MCTS Market, by Lead Based, Value, 2017–2027 (US$ Mn)
FIG. 11 Global MCTS Market, by by Patch Based, Value, 2017–2027 (US$ Mn)
FIG. 12 Global MCTS Market, by Hospitals, Value, 2017–2027 (US$ Mn)
FIG. 13 Global MCTS Market, by Clinics, Value, 2017–2027 (US$ Mn)
FIG. 14 Global MCTS Market, by Ambulatory Surgical Centers, 2017–2027 (US$ Mn)
FIG. 15 U.S. MCTS Market, 2017–2027 (US$ Mn)
FIG. 16 Rest of North America MCTS Market, 2017–2027 (US$ Mn)
FIG. 17 U.K. MCTS Market, 2017–2027 (US$ Mn)
FIG. 18 Germany MCTS Market, 2017–2027 (US$ Mn)
FIG. 19 France MCTS Market, 2017–2027 (US$ Mn)
FIG. 20 Italy MCTS Market, 2017–2027 (US$ Mn)
FIG. 21 Rest of Europe MCTS Market, 2017–2027 (US$ Mn)
FIG. 22 Japan MCTS Market, 2017–2027 (US$ Mn)
FIG. 23 China MCTS Market, 2017–2027 (US$ Mn)
FIG. 24 India MCTS Market, 2017–2027 (US$ Mn)
FIG. 25 Rest of Asia Pacific MCTS Market, 2017–2027 (US$ Mn)
FIG. 26 Brazil MCTS Market, 2017–2027 (US$ Mn)
FIG. 27 Mexico MCTS Market, 2017–2027 (US$ Mn)
FIG. 28 Argentina MCTS Market, 2017–2027 (US$ Mn)
FIG. 29 Rest of Latin America MCTS Market, 2017–2027 (US$ Mn)
FIG. 30 GCC MCTS Market, 2017–2027 (US$ Mn)
FIG. 31 Rest of Middle East & Africa MCTS Market, 2017–2027 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Mobile Cardiac Telemetry Systems (MCTS) Market
TABLE 2 Global MCTS Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 3 Global MCTS Market, by End User, 2017–2027 (US$ Mn)
TABLE 4 Global MCTS Market, by Geography, 2017–2027 (US$ Mn)
TABLE 5 North America MCTS Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 6 North America MCTS Market, by End User, 2017–2027 (US$ Mn)
TABLE 7 North America MCTS Market, by Country, 2017–2027 (US$ Mn)
TABLE 8 Europe MCTS Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 9 Europe MCTS Market, by End User, 2017–2027 (US$ Mn)
TABLE 10 Asia Pacific MCTS Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 11 Asia Pacific MCTS Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 12 Asia Pacific MCTS Market, by End User, 2017–2027 (US$ Mn)
TABLE 13 Asia Pacific MCTS Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 RoW MCTS Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 15 RoW MCTS Market, by End User, 2017–2027 (US$ Mn)
TABLE 16 RoW MCTS Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 17 Medtronic Plc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 18 Medicomp Inc..: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 19 BioTelemetry Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 ZOLL Medical Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Welch Allyn: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 ScottCare Corporation Solution: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Siemens Healthcare Pvt. Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Biotricity Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Preventice Solutions: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Telerhythmics LLC.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Applied Cardiac Systems Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Philips Benelux: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)