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)
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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
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2. North America Mobile Cardiac Telemetry Systems Market – Key Takeaways
3. North America Mobile Cardiac Telemetry Systems Market – Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 North America Mobile Cardiac Telemetry Systems Market – By Technology
3.2.2 North America Mobile Cardiac Telemetry Systems Market – By End User
3.2.3 North America Mobile Cardiac Telemetry Systems Market – By Country
3.3 PEST Analysis
4. North America Mobile Cardiac Telemetry Systems Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Benefits of Monitoring Patients With Mobile Cardiac Telemetry (MCT)
4.1.2 Rising Geriatric Population
4.2 Key Market Restraints
4.2.1 Stringent Regulations For Approval
4.3 Key Market Opportunities
4.3.1 Growing Medical Tourism In Mexico
4.4 Future Trends
4.4.1 Next-Generation Devices Focus on Miniaturization, Faster Processing and Connectivity
4.5 Impact Analysis
5. Mobile Cardiac Telemetry Systems Market – North America Analysis
5.1 North America Mobile Cardiac Telemetry Systems Market Revenue Forecasts And Analysis
5.2 Market Positioning
5.2.1 Welch Allyn
5.2.2 BioTelemetry, Inc.
6. North America Mobile Cardiac Telemetry Systems Market Analysis – By Technology
6.1 Overview
6.2 North America Mobile Cardiac Telemetry Systems Market By Technology, 2018 & 2027 (%)
6.3 North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
6.4 Lead Based Market
6.4.1 Overview
6.4.2 North America Lead Based Market Revenue and Forecast to 2027 (US$ Mn)
6.5 Patch Based Market
6.5.1 Overview
6.5.2 North America Patch Based Market Revenue and Forecast to 2027 (US$ Mn)
7. North America Mobile Cardiac Telemetry Systems Market Analysis – By End User
7.1 Overview
7.2 North America Mobile Cardiac Telemetry Systems Market, By End User, 2018 & 2027 (%)
7.3 North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
7.4 Hospitals
7.4.1 Overview
7.4.2 North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Cardiac Centres
7.5.1 Overview
7.5.2 North America Cardiac Centres Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Ambulatory surgical Centres
7.6.1 Overview
7.6.2 North America Ambulatory Surgical Centres Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Mobile Cardiac Telemetry Systems Market Revenue and Forecasts To 2027
8.1 Overview
8.2 North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027 (US$ Mn)
8.3 North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
8.4 North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
8.5 North America Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027, By Country (%)
8.6 US Mobile Cardiac Telemetry Systems Market Revenue and Forecasts To 2027 (US$ Mn)
8.6.1 US Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027 (US$ Mn)
8.6.2 US Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
8.6.3 US Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
8.7 Canada Mobile Cardiac Telemetry Systems Market Revenue and Forecasts To 2027 (US$ Mn)
8.7.1 Canada Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027 (US$ Mn)
8.7.2 Canada Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
8.7.3 Canada Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
8.8 Mexico Mobile Cardiac Telemetry Systems Market Revenue and Forecasts To 2027 (US$ Mn)
8.8.1 Mexico Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027 (US$ Mn)
8.8.2 Mexico Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
8.8.3 Mexico Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
9. Mobile Cardiac Telemetry Systems Market – Industry Landscape
9.1 Overview
9.2 Growth Strategies done by the companies in the Market, (%)
9.3 Developments Done By The Companies
9.3.1 Overview
10. Mobile Cardiac Telemetry Systems Market – Key Company Profiles
10.1 Medtronic
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Financial Overview
10.1.4 Product Portfolio
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 BioTelemetry, Inc.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Financial Overview
10.2.4 Product Portfolio
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Welch Allyn
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Financial Overview
10.3.4 Product Portfolio
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Applied Cardiac Systems, Inc.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Financial Information
10.4.4 Product Portfolio
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Medicomp Inc.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Financial Information
10.5.4 Product Portfolio
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Preventice Solutions, Inc.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Financial Information
10.6.4 Product Portfolio
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 The ScottCare Corporation
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Financial Overview
10.7.4 Product Portfolio
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Medi-Lynx (Medicalgorithmics S.A.)
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Financial Overview
10.8.4 Product Portfolio
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 ZOLL Medical Corporation (Asahi Kasei Corporation)
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Financial Overview
10.9.4 Product Portfolio
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Telerhythmics, LLC. (G Medical Innovations Holdings Ltd.)
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Financial Overview
10.10.4 Product Portfolio
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
11.3 Methodology
11.3.1 Coverage
11.3.2 Secondary Research
11.3.3 Primary Research
LIST OF TABLES
Table 1. North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts To 2027, By Technology (US$ Mn)
Table 2. North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts To 2027, By End User (US$ Mn)
Table 3. North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts To 2027, By Technology (US$ Mn)
Table 4. North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts To 2027, By End User (US$ Mn)
Table 5. US Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
Table 6. US Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 7. Canada Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
Table 8. Canada Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 9. Mexico Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Technology (US$ Mn)
Table 10. Mexico Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 11. Developments Done By Companies - Mobile Cardiac Telemetry Systems Market
Table 12. Glossary of Terms, Mobile Cardiac Telemetry Systems market
LIST OF FIGURES
Figure 1. US Mobile Cardiac Telemetry Systems Market, Revenue (US$ Mn), By Country 2018 & 2027
Figure 2. North America Mobile Cardiac Telemetry Systems Market By Technology, Market Share (%), 2018
Figure 3. North America Mobile Cardiac Telemetry Systems Market By End User, Market Share (%), 2018
Figure 4. Mobile Cardiac Telemetry Systems Market Segmentation
Figure 5. North America PEST Analysis
Figure 6. Mobile Cardiac Telemetry Systems Market Impact Analysis of Drivers & Restraints
Figure 7. North America Mobile Cardiac Telemetry Systems Market – Revenue Forecasts And Analysis – 2018- 2027
Figure 8. North America Mobile Cardiac Telemetry Systems Market, By Technology 2018 & 2027 (%)
Figure 9. North America Lead Based Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 10. North America Patch Based Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. North America Mobile Cardiac Telemetry Systems Market By End User, 2018 & 2027 (%)
Figure 12. North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Cardiac Centres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Ambulatory Surgical Centres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Mobile Cardiac Telemetry Systems Market Revenue Overview, By Country, 2018 (US$ Mn)
Figure 16. North America Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Mobile Cardiac Telemetry Systems Market Revenue And Forecasts to 2027, By Country (%)
Figure 18. US Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Canada Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Mexico Mobile Cardiac Telemetry Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Growth Strategies done by the companies in the Market, (%)
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
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.
- 3.2 Country Level Data:
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.
- 3.4 Developing Base Number:
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.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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