Mobile Cardiac Telemetry Systems Market Growth & Trends

The global mobile cardiac telemetry systems market size is expected to reach USD 1.58 billion by 2027, registering a CAGR of 11.3% during the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of cardiovascular disorder, need for effective arrhythmia management, and technological advancement in telemetry devices are driving the market growth.

Increasing demand for real-time cardiac monitoring and self-care management are boosting the demand for mobile cardiac telemetry devices. In addition, presence of advanced healthcare infrastructure, high disposable income in the developed countries is further propelling the revenue. Moreover, these devices found to be helpful in monitoring COVID-19 patients taking azithromycin and hydroxychloroquine medication which is expected to boost the market revenue. The market is technology driven and the key industry players are continuously trying to develop user friendly devices to sustain their market share.

In April 2020, Medicomp, Inc. partnered with the Lenox Hill Hospital to monitor heart's electrical conduction of COVID-19 patients with certain medication by its TelePatch- Mobile Cardiac Telemetry (MCT), which is expected to increase the adoption of this device in the forthcoming years

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Mobile Cardiac Telemetry Systems Market Report Highlights

• In terms of revenue, lead based dominated the application segment in 2019 owing to its accuracy and ease of use. Moreover, the product is cost-effective as compared to patch-based which is further propelling the demand
• Patch based segment is expected to show lucrative growth over the forecast period. The growth can be attributed to its increased adoption in outpatient facilities and ambulatory centers
• On basis of end use, hospitals held the largest revenue share in 2019 owing to increased number of minimally invasive surgeries within these facilities
• The cardiac centers segment is expected to witness the fastest growth over the forecast period owing to its associated advantages such as reduced wait times, availability of skilled professionals and shorter stay duration

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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