Report Overview

Global Mobile Cardiac Telemetry Systems Market- Industry Trends & Forecast Report 2027

Global mobile cardiac telemetry systems market was worth USD 701.2 million in 2020 and is further projected to reach USD 1,464.0 million by the year 2027, growing at a CAGR of 11.2% in the forecast period. The increasing prevalence of cardiovascular diseases and the need for devices that can keep track of patient heart vitals is driving the demand for mobile cardiac telemetry systems. In addition, technological advancements in mobile cardiac telemetry systems by manufacturers are projected to drive the global market in the forecast period.

Source: BlueWeave Consulting

Global Mobile Cardiac Telemetry Systems Market- Overview

Mobile cardiac telemetry (MCT) is a cardiac monitoring technique that uses a portable device to monitor a patient's heart rate. The monitor records the heart rate of patients while they walk, run, work out, do their chores, and sleep. Mobile cardiac telemetry (MCT) involves a chest-mounted device that is attached to wires. In the event of an uneven heart rate, this device sends crucial heart rate information to a distant doctor's office for timely diagnosis and treatment.

Global Mobile Cardiac Telemetry Systems Market Forecast and Trends

Growth Drivers

Increasing Prevalence of Cardiovascular Diseases

Mobile cardiac telemetry systems market growth is primarily attributable to the increasing prevalence of cardiovascular diseases worldwide. Globally, cardiovascular diseases are the leading cause of death, claiming the lives of 17.9 million people in 2019, and this rate is increasing rapidly. Thus, the government and people are spending heavily on health and receiving diagnostic tests and treatments, which is expected to drive the demand for mobile cardiac telemetry systems during the forecast period.

Favorable Reimbursement Policies In Developed Countries

High-income countries such as the USA spend more per person on health than middle- and low-income countries. Many developed countries like the UK, Canada, and the US offer favorable reimbursement policies for cardiac telemetry, which is another growth factor for the global mobile cardiac telemetry market. In Medicare, cardiac telemetry is covered if the patient has a specific medical need for it. Physicians must demonstrate that the patients are not in danger of a life-threatening cardiac arrest. The reimbursement policies play a vital role in driving the global market for mobile cardiac telemetry systems.

Restraints

High Cost of Mobile Cardiac Telemetry Systems

High costs associated with mobile cardiac telemetry act as a significant roadblock to growth in the global market. Typically, the cost of outpatient cardiac monitoring is between USD 284 and USD 783, with an average of USD 532. Because cardiovascular diseases are chronic illnesses, the average cost for cardiac telemetry, in the long run, proves to be a financial burden for patients. Additionally, it hampers the market growth of mobile cardiac telemetry systems in low- and middle-income countries.

Impact of COVID-19 on Global Mobile Cardiac Telemetry Systems Market

The COVID-19 pandemic negatively affected the global mobile cardiac telemetry systems market during the initial phase of the outbreak. Many countries had to impose nationwide lockdowns to limit the virus spread in the wake of the epidemic. Due to this, the number of cardiovascular disease diagnostic tests declined significantly, thereby reducing the demand for mobile cardiac telemetry systems. However, the market is expected to recover in the post-COVID-19 period as the prevalence of cardiovascular diseases is expected to have surged during the quarantine period due to sedentary lifestyle.

Global Mobile Cardiac Telemetry Systems Market - By Product

Based on products, the global mobile cardiac telemetry systems market is segmented into event monitoring& MCT (mobile cardiac telemetry), other products (implantable loop recorder). Event monitoring and MCT account for the largest market share. The primary use of mobile cardiac telemetry systems is to track and record heart activity. For this purpose, an event monitoring device is used. An event monitor records the same information as an ECG but for a longer duration of time. That is why its market is growing at a high rate globally.

Global Mobile Cardiac Telemetry Systems Market - By Application

Based on applications, the global mobile cardiac telemetry systems market is categorized into arrhythmias, myocardial ischemia and infarction, pacemaker monitoring, and other applications. The arrhythmia application segment accounts for the largest market share because of the increasing number of diagnoses in diverse regions.Furthermore, the global prevalence of arrhythmia, a disorder characterized by abnormal heartbeats, is anticipated to reach 6-12 million persons by 2050. As a result. The increasing use of cardiac telemetry systems

Global Mobile Cardiac Telemetry Systems Market - Regional Insights

Geographically, the global mobile cardiac telemetry systems market is divided into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America dominates the market due to its robust healthcare infrastructure and rising prevalence of cardiovascular disorders. According to the Centers for Disease Control and Prevention, heart disease is the top cause of mortality in the United States, with around 655,000 Americans dying from it each year. As a result, healthcare spending in the United States is high, driving up demand for mobile cardiac telemetry devices.

Competitive Landscape

The leading players in the global mobile cardiac telemetry systems market are Aerotel Medical Systems Ltd, Hill-Rom Services Inc., BioTelemetry Inc., Preventice Solutions Inc., GE Healthcare, Medicalgorithmics SA, Medtronic Inc., Philips Healthcare, iRhythm Technologies Inc., Nihon Kohden Corporation, The ScottCare Corporation, Asahi Kasei Corporation, Bittium, Cardiac Insight Inc, Medicomp Inc., National Cardiac Inc., ACSDiagnostics, CorVitals, Inc., Biotricity, and other prominent players.

With the existence of global behemoths, the market is highly consolidated, making it difficult for new entrants to compete. To stay ahead of the competition, the companies invest much in innovations and product launches. Furthermore, the use of competitive strategies such as mergers, acquisitions, partnerships, collaborations, etc., is common in this industry.

Recent Developments

• In September 2021, VitalConnect, a global leader in wearable biosensor technology, announced the launch of a new version of VistaCenter for cardiac and remote patient monitoring that is built on the VitalPatch RTM mobile cardiac telemetry (MCT) platform.
• In January 2021, VivaQuant, a digital health company, announced the launch of the RX-1 mini, which is now the smallest one-piece mobile cardiac telemetry device in the market.

Scope of the Report

By Product

• Event Monitoring and MCT (Mobile Cardiac Telemetry)
• Other Products (Implantable Loop Recorder)

By Application

• Arrhythmias
• Myocardial Ischemia and Infarction
• Pacemaker Monitoring
• Other Applications

By End-Use

• Hospitals
• Specialty Clinics
• Diagnostics Centers
• Home Care Settings

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Increasing Prevalence Of Cardiovascular Diseases
         2. Favorable Reimbursement Policies In Developed Countries
      2. Market Restraints
         1. High Cost Of Mobile Cardiac Telemetry Systems
      3. Market Challenges
         1. Negative Influence of the COVID-19 Pandemic
      4. Market Opportunity
         1. Increasing Healthcare Expenditure
         2. Product Innovations And Launches
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Global Mobile Cardiac Telemetry Systems Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Product
         1. Event Monitoring and MCT (Mobile Cardiac Telemetry)
         2. Other Products (Implantable Loop Recorder)
      2. By Application
         1. Arrhythmias
         2. Myocardial Ischemia and Infarction
         3. Pacemaker Monitoring
         4. Other Applications
      3. By End-Use
         1. Hospitals
         2. Speciality Clinics
         3. Diagnostics Centers
         4. Home Care Settings
      4. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Mobile Cardiac Telemetry Systems Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By End-Use
      4. By Country
         1. U.S.
         2. Canada
7. Europe Mobile Cardiac Telemetry Systems Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By End-Use
      4. By Country
         1. Germany
         2. U.K.
         3. Russia
         4. France
         5. Italy
         6. Spain
         7. Rest of Europe
8. APAC Mobile Cardiac Telemetry Systems Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By End-Use
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Mobile Cardiac Telemetry Systems Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Product
      2. By Application
      3. By End-Use
      4. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10.  MEA Mobile Cardiac Telemetry Systems Market Overview
    1. Market Size and Forecast
       1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
    3. By Product
    4. By Application
    5. By End-Use
    6. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of MEA
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
12. Impact of COVID-19 on Global Mobile Cardiac Telemetry Systems Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Aerotel Medical Systems Ltd
    2. Hill-Rom Services Inc.
    3. BioTelemetry Inc.
    4. Preventice Solutions Inc.
    5. GE Healthcare
    6. Medicalgorithmics SA
    7. Medtronic Inc.
    8. Philips Healthcare
    9. iRhythm Technologies Inc.
    10. Nihon Kohden Corporation
    11. The ScottCare Corporation
    12. Asahi Kasei Corporation
    13. Bittium
    14. Cardiac Insight Inc
    15. Medicomp Inc.
    16. National Cardiac Inc.
    17. ACSDiagnostics
    18. CorVitals, Inc.
    19. Biotricity
    20. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1: Global Mobile Cardiac Telemetry Systems Segmentation

Figure 2: Global Mobile Cardiac Telemetry Systems Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Mobile Cardiac Telemetry Systems Market Size, By Value (USD Million), 2020-2027

Figure 5: Global Mobile Cardiac Telemetry Systems Market Share (%), By Product, By Value, 2020-2027

Figure 6: Global Mobile Cardiac Telemetry Systems Market Share (%), By Application, By Value, 2020-2027

Figure 7: Global Mobile Cardiac Telemetry Systems Market Share (%), By End-Use, By Value, 2020-2027

Figure 8: Global Mobile Cardiac Telemetry Systems Market Share (%), By Region, By Value, 2020-2027

Figure 9: North America Mobile Cardiac Telemetry Systems Market Size, By Value (USD Million), 2020-2027

Figure 10: North America Mobile Cardiac Telemetry Systems Market Share (%), By Product, By Value, 2020-2027

Figure 11: North America Mobile Cardiac Telemetry Systems Market Share (%), By Application, By Value, 2020-2027

Figure 12: North America Mobile Cardiac Telemetry Systems Market Share (%), By End-Use, By Value, 2020-2027

Figure 13: North America Mobile Cardiac Telemetry Systems Market Share (%), By Country, By Value, 2020-2027

Figure 14: Europe Mobile Cardiac Telemetry Systems Market Size, By Value (USD Million), 2020-2027

Figure 15: Europe Mobile Cardiac Telemetry Systems Market Share (%), By Product, By Value, 2020-2027

Figure 16: Europe Mobile Cardiac Telemetry Systems Market Share (%), By Application, By Value, 2020-2027

Figure 17: Europe Mobile Cardiac Telemetry Systems Market Share (%), By End-Use, By Value, 2020-2027

Figure 18: Europe Mobile Cardiac Telemetry Systems Market Share (%), By Country, By Value, 2020-2027

Figure 19: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Size, By Value (USD Million), 2020-2027

Figure 20: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Share (%), By Product, By Value, 2020-2027

Figure 21: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Share (%), By Application, By Value, 2020-2027

Figure 22: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Share (%), By End-Use, By Value, 2020-2027

Figure 23: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Share (%), By Country, By Value, 2020-2027

Figure 24: Latin America Mobile Cardiac Telemetry Systems Market Size, By Value (USD Million), 2020-2027

Figure 25: Latin America Mobile Cardiac Telemetry Systems Market Share (%), By Product, By Value, 2020-2027

Figure 26: Latin America Mobile Cardiac Telemetry Systems Market Share (%), By Application, By Value, 2020-2027

Figure 27: Latin America Mobile Cardiac Telemetry Systems Market Share (%), By End-Use, By Value, 2020-2027

Figure 28: Latin America Mobile Cardiac Telemetry Systems Market Share (%), By Country, By Value, 2020-2027

Figure 29: Middle East & Africa Mobile Cardiac Telemetry Systems Market Size, By Value (USD Million), 2020-2027

Figure 30: Middle East & Africa Mobile Cardiac Telemetry Systems Market Share (%), By Product, By Value, 2020-2027

Figure 31: Middle East & Africa Mobile Cardiac Telemetry Systems Market Share (%), By Application, By Value, 2020-2027

Figure 32: Middle East & Africa Mobile Cardiac Telemetry Systems Market Share (%), By End-Use, By Value, 2020-2027

Figure 33: Middle East & Africa Mobile Cardiac Telemetry Systems Market Share (%), By Region, By Value, 2020-2027

List of Tables

Table 1: Global Mobile Cardiac Telemetry Systems Market Size, By Product, By Value, 2020-2027

Table 2: Global Mobile Cardiac Telemetry Systems Market Size, By Application, By Value (USD Million), 2020-2027

Table 3: Global Mobile Cardiac Telemetry Systems Market Size, By End-Use, By Value (USD Million), 2020-2027

Table 4: Global Mobile Cardiac Telemetry Systems Market Size, By Region, By Value (USD Million), 2020-2027

Table 5: North America Mobile Cardiac Telemetry Systems Market Size, By Product, By Value (USD Million), 2020-2027

Table 6: North America Mobile Cardiac Telemetry Systems Market Size, By Application, By Value (USD Million), 2020-2027

Table 7: North America Mobile Cardiac Telemetry Systems Market Size, By End-Use, By Value (USD Million), 2020-2027

Table 8: North America Mobile Cardiac Telemetry Systems Market Size, By Country, By Value (USD Million), 2020-2027

Table 9: Europe Mobile Cardiac Telemetry Systems Market Size, By Product, By Value (USD Million), 2020-2027

Table 10: Europe Mobile Cardiac Telemetry Systems Market Size, By Application, By Value (USD Million), 2020-2027

Table 11: Europe Mobile Cardiac Telemetry Systems Market Size, By End-Use, By Value (USD Million), 2020-2027

Table 12: Europe Mobile Cardiac Telemetry Systems Market Size, By Country, By Value (USD Million), 2020-2027

Table 13: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Size, By Product, By Value (USD Million), 2020-2027

Table 14: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Size, By Application, By Value (USD Million), 2020-2027

Table 15: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Size, By End-Use, By Value (USD Million), 2020-2027

Table 16: the Asia-Pacific Mobile Cardiac Telemetry Systems Market Size, By Country, By Value (USD Million), 2020-2027

Table 17: Latin America Mobile Cardiac Telemetry Systems Market Size, By Product, By Value (USD Million), 2020-2027

Table 18: Latin America Mobile Cardiac Telemetry Systems Market Size, By Application, By Value (USD Million), 2020-2027

Table 19: Latin America Mobile Cardiac Telemetry Systems Market Size, By End-Use, By Value (USD Million), 2020-2027

Table 20: Latin America Mobile Cardiac Telemetry Systems Market Size, By Country, By Value (USD Million), 2020-2027

Table 21: The Middle-East & Africa Mobile Cardiac Telemetry Systems Market Size, By Product, By Value (USD Million), 2020-2027

Table 22: The Middle-East & Africa Mobile Cardiac Telemetry Systems Market Size, By Application, By Value (USD Million), 2020-2027

Table 23: The Middle-East & Africa Mobile Cardiac Telemetry Systems Market Size, By End-Use, By Value (USD Million), 2020-2027

Table 24: The Middle-East & Africa Mobile Cardiac Telemetry Systems Market Size, By Country, By Value (USD Million), 2020-2027

Table 25: Aerotel Medical Systems Ltd Financial Analysis

Table 26: Aerotel Medical Systems Ltd Business Overview

Table 27: Hill-Rom Services Inc. Financial Analysis

Table 28: Hill-Rom Services Inc.Business Overview

Table 29: BioTelemetry Inc. Corporation Financial Analysis

Table 30: BioTelemetry Inc. Corporation Business Overview

Table 31: Preventice Solutions Inc.Financial Analysis

Table 32: Preventice Solutions Inc.Business Overview

Table 33: GE HealthcareFinancial Analysis

Table 34: GE HealthcareBusiness Overview

Table 35: Medicalgorithmics SA Financial Analysis

Table 36: Medicalgorithmics SA Business Overview

Table 37: Medtronic Inc. Financial Analysis

Table 38: Medtronic Inc. Business Overview

Table 39: Philips Healthcare Financial Analysis

Table 40: Philips Healthcare Business Overview

Table 41: iRhythm Technologies Inc.Financial Analysis

Table 42: iRhythm Technologies Inc.Business Overview

Table 43: Nihon Kohden Corporation Financial Analysis

Table 44: Nihon Kohden Corporation Business Overview

Table 45: The ScottCare CorporationFinancial Analysis

Table 46: The ScottCare Corporation Financial Analysis

Table 47: Asahi Kasei Corporation Financial Analysis

Table 48: Asahi Kasei Corporation Business Overview

Table 49: Bittium Financial Analysis

Table 50: Bittium Business Overview

Table 51: Cardiac Insight Inc Financial Analysis

Table 52: Cardiac Insight Inc Business Overview

Table 53: Medicomp Inc. Financial Analysis

Table 54: Medicomp Inc. Business Overview

Table 55: National Cardiac Inc.Financial Analysis

Table 56: National CardiacInc. Business Overview

Table 57: ACSDiagnostics Financial Analysis

Table 58: ACSDiagnostics Business Overview

Table 59: CorVitals, Inc. Financial Analysis

Table 60: CorVitals, Inc.  Business Overview

Table 61: BiotricityFinancial Analysis

Table 62: Biotricity Business Overvie