The North America mobile cardiac telemetry systems market is expected to reach US$ 606,198.8 Mn in 2027 from US$ 218,087.2 Mn in 2018. The market is estimated to grow with a CAGR of 12.6% from 2019-2027.
The growth of the market is driven by the factors such as, benefits of monitoring patients with mobile cardiac telemetry (MCT) and rising geriatric population. However, the market is likely to slower down its growth due to stringent regulations for approval in the region.
The mobile cardiac telemetry (MCT) system is a small sensor and monitor that patients wear in their day to day life. MCT promptly transmits the data on occurrence of cardiac event, to the center for analysis and responding. Post analysis a report is generated along with graphs and trends for the diagnosis and therapy management. This is a cost saving procedure in the hospital for ablation, CABG, heart/pericardium, and valve/septa procedures. The MCT offers up to 30 days of retrievable ECG data, A-Fib onset and offset, episode, daily summary, and urgent notifications, and full disclosure report on demand. It is an advanced algorithm that computes heart rate and detects asymptomatic and symptomatic arrhythmia at a wide variety of rates and durations.
MCT is highly effective method of cardiac monitoring. The ability to analyse every heartbeat with little interference to the patient’s normal day, and the opportunity to initiate an immediate emergency response as needed, makes it one of the most attractive choices in today’s market. It delivers advantages to both the patient and the physician that can lead to more efficient care.
US is expected to lead the market in the North America region owing to the rising prevalence of the cardiac conditions and increase in research and development of the medical technologies. Moreover, several companies operating in the market for the mobile cardiac telemetry in the country, which helps to upsurge the market growth. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the North America region during the forecast period.
Mexico Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027
(US$ Mn)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
(US$ Mn)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
NORTH AMERICA MOBILE CARDIAC TELEMETRY SYSTEMS – MARKET SEGMENTATION
By Technology
- Lead Based
- Patch Based
By End User
- Hospitals
- Ambulatory Surgical Centres
- Cardiac Centres
By Geography
North America
- US
- Canada
- Mexico
Company Profiles
- Medtronic
- BioTelemetry Inc.
- Applied Cardiac Systems, Inc
- Medicomp Inc
- Preventice Services, LLC
- The Scottcare Corporation
- Medi-Lynx (Subisidiary Of Medicalgorithmics, S.A),
- Zoll Medical Corporation
- Welch Allyn
- Telerhythmics, LLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
The List of Companies
- Medtronic
- BioTelemetry Inc.
- Applied Cardiac Systems, Inc
- Medicomp Inc
- Preventice Services, LLC
- The Scottcare Corporation
- Medi-Lynx (Subisidiary Of Medicalgorithmics, S.A),
- Zoll Medical Corporation
- Welch Allyn
- Telerhythmics, LLC
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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