Mobile Cardiac Telemetry Systems Market to grow to a valuation of US$ 2,872.05 Million by 2032 | FMI

 The global Mobile Cardiac Telemetry Systems market will witness a stellar CAGR of 11.9% from 2022 to 2032. The target market will likely reach a valuation of US$ 2,872.05 million by 2032 as opposed to US$ 933.02 million in 2022. The rising incidences of cardiovascular disorders (CVDs) and associated mortality have generated greater awareness regarding the benefits of Mobile Cardiac Telemetry (MCT) devices. This factor is a key driver of market growth. As per reports, cardiac disorders are highly prevalent in the US and are the leading cause of death in the country. Again, lifestyle choices like tobacco consumption and health issues associated with sedentary lifestyles increase cardiac disorder morbidities which, in turn, spurs the demand for MCT devices.

To learn more about this report @ https://www.futuremarketinsights.com/reports/mobile-cardiac-telemetry-systems-market

The market for mobile cardiac telemetry systems is also driven by the surging prevalence of arrhythmia. As per a CDC report, by 2030, atrial fibrillation (AFib), a type of heart arrhythmia would affect over 12 million people. In 2019, AFib was mentioned as the cause in over 183,000 death certificates in the U.S. In order to counteract this, market manufacturers are constantly trying to develop compact and innovative technologies including producing micro-sized handy gadgets that will not only help manage CVDs but also uphold their market share. For instance, in September 2019, iRhythm Technologies, Inc., and Verily Life Sciences partnered to combine iRhythm’s artificial intelligence-based system with Verily’s data analysis technology to screen, monitor, and diagnose atrial fibrillation.

Mobile cardiac telemetry devices are one of the best techniques for monitoring cardiac conditions. With cardiac issues being on the rise due to physical inactivity and a sedentary lifestyle among other reasons, mobile cardiac telemetry devices will also observe heightened demand during this period. MCT can analyze each heartbeat with little disruption to the patient’s daily routine and has the ability to launch an immediate response action when necessary. These devices are beneficial to both the patients and the doctors resulting in better care. These factors facilitate growth for the mobile cardiac telemetry systems market. This market also faces certain challenges. The expensive cost of the devices, the need for long-term monitoring, and a dependency on external wires are certain aspects that will stymie the growth of the MCT systems market.

Key Takeaways:

  • The US accounted for a 17.8% share of the mobile cardiac telemetry systems market in 2021 and will present steady growth over the assessment period.
  • High prevalence of cardiovascular diseases in Japan will drive the mobile cardiac telemetry market in the country.
  • By product, the lead-based segment will continue to dominate the global MCT marketplace.
  • Based on end-user, the hospital segment will generate the most demand for the mobile cardiac telemetry system market.

Competitive Landscape 

Medtronic PLC, BioTelemetry, Inc., ScottCare, Welch Allyn, Medicomp Inc., Preventice Solutions, Telerhythmics LLC, and Zoll Medical Corporation, among others, are a few of the primary players in the mobile cardiac telemetry systems market profiled in the full version of the report.

In a fragmented environment, leading market players are concentrating on product development and innovation. These businesses also seek strategic alliances, regional expansion, partnerships, collaborations, mergers, and acquisitions to enhance their market footprints. For instance, in September 2019, iRhythm Technologies, Inc., and Verily Life Sciences collaborated to combine iRhythm’s artificial intelligence-based system with Verily’s data analysis technology to screen, monitor, and diagnose atrial fibrillation.

Key Market Segments Covered In The Mobile Cardiac Telemetry Systems Industry Research

By Product:

  • Lead-Based
  • Patch-Based

By End User:

  • Hospitals
  • Cardiac Centers
  • Ambulatory Surgical Centers

Top Related Report: https://marketresearch89.wordpress.com/2023/03/21/germany-had-the-largest-arthroscopy-devices-market-share-accounting-for-approximately-us-1-9-billion/

Comments

Post a Comment

Popular posts from this blog

Monoclonal Antibodies Market to touch US$ 647.01 Billion by 2032; applications abound in Oncology | FMI Report

Image
  Monoclonal Antibodies Market is projected to increase at a CAGR of 12% during the forecast period between 2022 and 2032, reaching a total of US$ 647.01 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 6.1%. Human mAbs offer efficient modulation in effector functions and are less immunogenic as compared to chimeric or humanized mAbs. Such antibodies can be produced through the use of phage display and hybridoma technologies in transgenic mice. As a result, with recent technological progress in genetic engineering, the production of fully human mAbs is anticipated to gain traction in the near future.  Get Full Access @ https://www.futuremarketinsights.com/reports/monoclonal-antibodies-market North America recorded the largest market share of 46.2% in 2021 due to the presence of a highly developed healthcare infrastructure, high patient awareness, and growth in cancer re...
Read more

Companion Diagnostics Market Recent Trends, Dynamic Innovation in Technology & Insights 2032

Image
  The global Companion Diagnostics Market is expected to generate approximately US$ 5152.064939 million by 2032, up from US$ 2452.653722 million in 2022, at a CAGR of 7.1% during the forecast period. With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Companion Diagnostics market. To read more about this report, visit @ https://www.futuremarketinsights.com/reports/companion-diagnostics-market FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Companion Diagnostics market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in medical industry to provide an unbiased analysis for a sound and financial decision. Over the past decade, healthcare sector has been expanding remarkably, fol...
Read more

Hospital Consumables Market is expected to reach valuation of US$ 853.2 Billion | FMI

  According to Future Market Insights' newly released Hospital Consumables market analysis report, global Hospital Consumables market sales in 2021 are expected to be US$ 346 billion. The estimated market growth of 12.5% between 2022 and 2032 is expected to be much greater than the previous trend. The consumables market is estimated to have a total revenue opportunity of US$ 853.2 billion. The increase in chronic diseases, medical operations, and the expanding older population are driving market expansion. To learn more about this report @ https://www.futuremarketinsights.com/reports/hospital-consumables-market With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Hospital Consumables market. FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Hospita...
Read more