DUBLIN–(BUSINESS WIRE)–Jan 28, 2021–
The "ECG Telemetry Devices Market – Growth, Trends, and Forecasts (2020 – 2025)" report has been added to ResearchAndMarkets.com’s offering.
The ECG Telemetry Devices Market is expected to register a CAGR of 8.8% during the forecast period.
Along with the rising population, the number of older people is also increasing, and the number of deaths due to cardiovascular diseases is on the rise.
- Aerotel Medical Systems Ltd
- BioTelemetry Inc.
- GE Healthcare (GE Company)
- Medtronic Inc.
- iRhythm Technologies Inc.
- Nihon Kohden Corporation
- Philips Healthcare
- Medicalgorithmics SA
- Preventice Solutions Inc.
- Hill-Rom Services Inc. (Welch Allyn)
Key Market Trends
Arrhythmias Application Segment is Expected to Hold a Major Market Share in the Global ECG Telemetry Devices Market
Arrhythmia is a condition, in which the heart rhythm becomes abnormal. The electrical impulses occur too fast or too slow, leading to the reduced efficiency of the heart to pump blood. For the diagnoses of arrhythmias, various devices are used. However, ECG telemetry devices are the most effective tools for the detection of arrhythmias. According to World Ageing 2019 report, there were about 703 million population aged 65 years or over in the world in 2019. And this number of the elderly population is projected to double to 1.5 billion in 2050. Moreover, by 2050, 1 in 6 people in the world will be over the age of 65, up from 1 in 11 in 2019. As the number of the elderly population is expected to rise in coming years and this population are more prone to cardiovascular diseases such as arrhythmias which are expected to show a positive impact on the market.
As the prevalence of arrhythmia is expected to rise, the need for better diagnostic tools is increasing. Hence, ECG telemetry devices are of much significance, as they provide easier and faster monitoring of the heart.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
Cardiovascular diseases are the major cause of deaths in the United States and the primary cause of acute care and physician visits. According to the Centers for Disease Control and Prevention (CDC), in the United States, every year, about 735,000 people suffer from heart attacks. Thus, the rise in the number of cardiovascular diseases (CVDs) and heart attacks lead to an increased demand for diagnostic tools, in the country.
The cardiovascular diagnostic sector prefers ECG telemetry devices, as they are the easiest and fastest tools for the diagnoses of CVDs. The United States provides good reimbursement facilities for patients suffering from cardiovascular diseases. This factor is helping the growth of the ECG telemetry devices market. In the United States, government initiatives, such as ‘A Public Health Action Plan to Prevent Heart Disease and Stroke’, are also increasing the utilization of novel technologies. This is ultimately contributing to the growth of the ECG telemetry devices market in the United States.
Additionally, investments in healthcare are increasing in the United States, which is ultimately helping the growth of the ECG telemetry devices market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Cardiovascular Disease Rates
4.2.2 Technological Advancements in Remote Monitoring Technologies
4.3 Market Restraints
4.3.1 Cost Constraint
4.3.2 Complex Reimbursement Policies
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Event Monitoring and MCT (Mobile Cardiac Telemetry)
5.1.2 Other Products (Implantable Loop Recorder)
5.2 By Application
5.2.2 Myocardial Ischemia and Infarction
5.2.3 Pacemaker Monitoring
5.2.4 Other Applications
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 Middle-East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East & Africa
5.3.5 South America
22.214.171.124 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Aerotel Medical Systems Ltd
6.1.2 BioTelemetry Inc.
6.1.3 GE Healthcare (GE Company)
6.1.4 Medtronic Inc.
6.1.5 iRhythm Technologies Inc.
6.1.6 Nihon Kohden Corporation
6.1.7 Philips Healthcare
6.1.8 Medicalgorithmics SA
6.1.9 Preventice Solutions Inc.
6.1.10 Hill-Rom Services Inc. (Welch Allyn)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ldr2tc
View source version on businesswire.com:https://www.businesswire.com/news/home/20210128005670/en/
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INDUSTRY KEYWORD: HEALTH OTHER HEALTH
SOURCE: Research and Markets
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PUB: 01/28/2021 08:59 AM/DISC: 01/28/2021 08:59 AM