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Global ECG Telemetry Devices Market, Size, Share, Opportunities and Forecast, 2020-2027

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global ECG Telemetry Devices Market, Size, Share, Opportunities and Forecast, 2020-2027
Published: April 3, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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Description

Global ECG Telemetry Devices Market is segmented By Product (Event Monitoring and MCT (Mobile Cardiac Telemetry), Others), By Application (Arrhythmias, Myocardial Ischemia, and Infarction, Pacemaker Monitoring, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Share, Size, Outlook, and Opportunity Analysis, 2020-2027

Market Overview

The Global ECG Telemetry Devices Market is expected to grow at a CAGR of 8.8% during the forecasting period (2020-2027).

ECG device monitors and records the electrical movement of the heart. It detects and gathers electrical impulses generated by the polarization and depolarization of cardiac tissue and translates them into a waveform. This helps physicians or cardiologists to diagnose cardiac abnormalities as well as the size and position of chambers. This technique is used to detect cardiac abnormalities and analyze the effect of drugs or devices used to regulate the heart. The ECG telemetry device can detect complex dysrhythmias and myocardial ischemia.

Source: DataM Intelligence Analysis (2019)

Market Dynamics:

The ECG telemetry devices market is driving due to the growing government interventions to reform the healthcare sector. Moreover, technological advances and increasing government interventions to render quality medical devices at affordable prices for miniature and telemetry devices have grown significantly in the past couple of years.

Home monitoring devices lead the market's growth.

Homecare monitoring devices' demand increases, reducing the cost and time taken in hospitals for heart checkups. For life-threatening diseases, such as cardiovascular disorders, regular checkup of the heart is crucial, and it is made easy by homecare monitoring devices. Hence, these devices are helping the ECG telemetry devices market to grow.

Increasing incidence and prevalence of cardiovascular diseases

Over the past two decades, fatalities due to cardiovascular disease and other heart diseases have been declining in high-income countries; however, they have been rising at an alarming rate in lower and middle-income countries. Around 80.0% of the mortalities caused due to CVD occur in low-middle income group regions, such as Africa, Latin America, and Asia-Pacific, as per the WHO. In North America, myocardial infarction's fatality is continuously decreasing due to several factors, such as drug-eluting stents, increasing adoption of percutaneous coronary angioplasty, and evidence-based medications in primary and secondary prevention of major adverse cardiovascular diseases.

COVID-19 Impact Analysis

The companies operating in the global ECG telemetry devices market have a good prospect at their disposal as the COVID-19 pandemic grips several parts worldwide. These vendors are expected to accelerate their manufacturing pace to meet the expanding demand for ECG telemetry devices. Investments in novel technologies used to monitor COVID-19 have increased in recent times. This has offered a large playfield of advancement for the companies operating in the global ECG telemetry devices market. Furthermore, the ECG telemetry devices market's leading players focus on developing custom-made devices to monitor the fundamentals of COVID-19 patients.

Segment Analysis

By product, the ECG telemetry devices market is classified into Event monitoring and MCT (Mobile Cardiac Telemetry), and others.

Event monitoring and MCT (Mobile Cardiac Telemetry) leads the growth of the market. 

The event monitoring and MCT (Mobile Cardiac Telemetry) segment are anticipated to dominate the market with the largest value share. Mobile cardiac telemetry is the most modern of the monitoring options. MCT devices are small portable monitors that, when a cardiac anomaly is detected, automatically send data. It is superior to other forms of ambulatory cardiac monitoring (Holter or Event Monitoring); therefore, its demand is expected to rise in the ECG telemetry device market during the forecast period.

By application, the ECG telemetry devices market is classified into arrhythmia, myocardial ischemia and infarction, pacemaker monitoring, and others.

Arrhythmia segment to dominate global ECG telemetry devices market

In terms of application, the arrhythmia segment is expected to dominate the global ECG telemetry devices market during the forecast period. In arrhythmia, the heart rhythm functions abnormally, wherein the electrical impulses either occur too fast or too slow, leading to the reduced proficiency of the heart to pump blood. There are various devices used in arrhythmias diagnosis. The ECG telemetry devices are one of the most efficient tools used for the detection of arrhythmias. According to World Ageing, about 703 million people aged 65 or globally in 2019 are projected to double to 1.5 billion by 2050. As this population is more prone to cardiovascular diseases such as arrhythmias, the demand for ECG telemetry devices to diagnose arrhythmia is expected to impact the market positively.

Source: DataM Intelligence Analysis (2019)

Geographical Analysis

North America dominated the global market throughout the forecast period.

The North American market leads with the largest share in the global ECG telemetry devices market during the forecast period. Cardiovascular diseases are the primary cause of mortality in the U.S. and the major cause of acute hospital bed days and physician visits. According to the Centers for Disease Control and Prevention (CDC), about 610,000 mortalities are registered due to cardiovascular diseases in the U.S. every year, which accounts for almost one in every four fatalities. Therefore, the demand for ECG telemetry devices is considerably accurately high in the U.S., which drives the market growth in the region, especially in the U.S.

Moreover, the Asia Pacific region is expected to grow at the highest CAGR globally during the forecast period. This growth is due to the increased government initiatives on hospitals, computerizations, and infrastructure. The existing healthcare infrastructure in the Asia-Pacific countries such as India, China, Japan, and Australia is still in progress. Significant prospects exist for the development of novel ECG telemetric devices in developing regions. Approximately half of the burden of the world of CVD is carried by the Asia-Pacific region. Therefore, the large patient population indicates an imminent need for the ECG telemetry device market.

Competitive Landscape

The ECG telemetry devices market is dominating by a few companies. Some of the key players in the market's growth include Aerotel Medical Systems Ltd., BioTelemetry Inc., GE Healthcare, Medtronic Plc, iRhythm Technologies Inc., Nihon Kohden Corporation, Philips Healthcare, and Medicalgorithmics SA, among others. The key players execute several growth strategies such as product launches, acquisitions, and collaborations, which are estimated to boost the ECG telemetry devices market growth globally.  

Medtronic Plc

Overview: Medtronic Plc develops, manufactures, and sells therapeutics and diagnostic products. Medtronic was established in 1949 and served hospitals, physicians, clinicians, and patients in approximately 160 countries globally. It is headquartered in Minneapolis, US. The company's key product range includes heart failure management, bradycardia pacing, heart valve replacement, tachyarrhythmia management, atrial fibrillation management, malignant and non-malignant pain, and movement disorders.  The company expects to make future investments to stimulate new technologies for further strategic objectives to strengthen its existing businesses. The company is involved in partnership and collaboration to enhance its overall market growth.

Product Type Portfolio: The company's portfolio includes the Reveal LINQ ICM system and SEEQ Mobile Cardiac Telemetry (MCT) System (discontinued).

Why Purchase the Report?

Visualize the composition of the ECG telemetry devices market segmentation by product, application, and region, highlighting the key commercial assets and players.

Identify commercial opportunities in the ECG telemetry devices market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of ECG telemetry devices market - level 2 segmentation.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global ECG telemetry devices market report would provide access to an approx. 48 market data tables, 43 figures, and 267 pages.

Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Related Topic's

Global Myocardial Infarction Market

Global ECG Market

Global ECG Telemetry Devices Market

Table of Contents

Table of Contents

Table of Contents

ECG Telemetry Devices Market Methodology and Scope

Research Methodology

Research Objective and Scope of the Report

ECG Telemetry Devices Market - Market Definition and Overview

ECG Telemetry Devices Market - Executive Summary

Market Snippet by Product

Market Snippet by Application

Market Snippet by Region

ECG Telemetry Devices Market-Market Dynamics

Market Impacting Factors

Drivers

The high incidence rate of cardiovascular diseases

Improved spending on healthcare in emerging markets

Technological Advancements in Remote Monitoring Technologies

Restraints:

Complex Reimbursement Policies

Opportunity

Impact Analysis

ECG Telemetry Devices Market - Industry Analysis

Porter's Five Forces Analysis

Supply Chain Analysis

Value Chain Analysis

PEST Analysis

Pricing Analysis

Regulatory Analysis

Reimbursement Analysis

Unmet Needs

Patent Trends

ECG Telemetry Devices Market - COVID-19 Analysis

Analysis of Covid-19 on the Market

Before COVID-19 Market Scenario

Present COVID-19 Market Scenario

After COVID-19 or Future Scenario

Pricing Dynamics Amid Covid-19

Demand-Supply Spectrum

Government Initiatives Related to the Market During Pandemic

Manufacturers Strategic Initiatives

Conclusion 

ECG Telemetry Devices Market - By Product

Introduction

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Segment

Market Attractiveness Index, By Product Segment

Event Monitoring and MCT (Mobile Cardiac Telemetry)

Introduction

Market Size Analysis, and Y-o-Y Growth Analysis (%)

Others

ECG Telemetry Devices Market - By Application

Introduction

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment

Market Attractiveness Index, By Application Segment

Arrhythmias*

Introduction

Market Size Analysis, and Y-o-Y Growth Analysis (%)

Myocardial Ischemia and Infarction

Pacemaker Monitoring

Others

ECG Telemetry Devices Market - By Region

Introduction

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

Market Attractiveness Index, By Region

North America

Introduction

Key Region-Specific Dynamics

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

The U.S.

Canada

Mexico

Europe

Introduction

Key Region-Specific Dynamics

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

Germany

The U.K.

France

Italy

Spain

Rest of Europe

South America

Introduction

Key Region-Specific Dynamics

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

Brazil

Argentina

Rest of South America

Asia Pacific

Introduction

Key Region-Specific Dynamics

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

China

India

Japan

Australia

Rest of Asia Pacific

The Middle East and Africa

Introduction

Key Region-Specific Dynamics

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

ECG Telemetry Devices Market - Competitive Landscape

Competitive Scenario

Market Positioning/Share Analysis

Mergers and Acquisitions Analysis

ECG Telemetry Devices Market- Company Profiles

Aerotel Medical Systems Ltd.*

Company Overview

Product Portfolio and Description

Key Highlights

Financial Overview

BioTelemetry Inc.

GE Healthcare

Medtronic Plc

iRhythm Technologies Inc.

Nihon Kohden Corporation

Philips Healthcare

Medicalgorithmics SA

Preventice Solutions Inc.

Hill-Rom Services Inc. (Welch Allyn)

Other Companies

Global ECG Telemetry Devices Market - Premium Insights

Global ECG Telemetry Devices Market - DataM Intelligence

Appendix

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