NEW YORK, May 14, 2019 (GLOBE NEWSWIRE) -- The global mobile cardiac telemetry devices market is expected to grow significantly from USD 511.8 Million in 2018 to USD 1,082 Million in 2025, at a CAGR of 11.3% from 2019 to 2025. The growth in the market is attributed to the increasing prevalence of cardiovascular diseases across the globe. Moreover, technological advancements in mobile cardiac telemetry device and increasing demand for cardiac monitoring solution in home care settings are further propelling the market growth. However, stringent government regulations may restrain the market growth to some extent.
Mobile cardiac telemetry is a cardiac monitoring system that uses a small portable device to monitor a patient’s cardiac activity. It is recognized to be useful for detecting both symptomatic and asymptomatic cardiac arrhythmias and wirelessly transmit this information in real time. Moreover, it is one of the effective methods of cardiac monitoring and attractive choice in the market.
Key findings from the report:
- Based on technology, the lead based devices segment held major share of the market in 2018
- Geographically, North America held the major share of the global market in 2018. Asia-Pacific is expected to witness the highest CAGR during the 2019-2025
- Some of the key companies operating in the market include BioTelemetry, Inc.; Medicomp Inc.; The ScottCare Corporation; Welch Allyn; Applied Cardiac Systems, Inc.; Biotricity Inc.; AMI Cardiac Monitoring, among others
Mobile Cardio Telemetry Devices Helping Effective Treatment
Heart diseases are still the leading cause of death worldwide in men and women worldwide. Mobile cardiac telemetry provides early detection through near real-time monitoring of patients, and it allows physicians to monitor patient’s cardiac activities. Moreover, technological advancements in mobile cardiac telemetry monitoring are making easier to providing heart monitoring services and these advancements are making the service more effective for the heart patients. Furthermore, it has also assimilated with GPS technology using accelerometer metrics, this advancement in MCT transfers data directly to the cardiologist for the enhanced diagnostic capability.
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Mobile Cardiac Telemetry Devices Market – Regional insight
Geographically, North America held the largest share of the market in 2018. The growth in the region is attributed to the increasing prevalence of cardiovascular diseases, and technological advancements in mobile telemetry devices. Moreover, growing awareness among people regarding its benefits and growing adoption of mobile cardiac telemetry devices in the region further propelling the market growth.
This report segments global mobile cardiac telemetry devicesmarket based technology, end-user and region.
By Technology
- Lead Based Devices
- Patch Based Devices
By End-User
- Hospitals
- Home Settings
- Ambulatory Surgical Centers
By Region
- North America
- Europe
- Asia-Pacific
- Central & South America
- Middle East and Africa (MEA)
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