The new report by Expert Market Research titled, ‘Global Mobile Cardiac Telemetry System Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global mobile cardiac telemetry system market, assessing the market based on its segments like technology, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 10.0%
Globally, the mobile cardiac telemetry system market is being pushed by an increase in demand for wearable products for real-time patient monitoring and an increase in incidences of cardiovascular disorders.
Industry Definition and Major Segments
Mobile cardiac telemetry (MCT) is employed for cardiac monitoring, which collects data and evaluates the patient's heart rhythm to deliver vital information based on algorithms. To achieve its purpose, the mobile cardiac telemetry device collects ECG data at regular intervals throughout the day and provides long-term monitoring.
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Based on technology, the market can be broadly divided into:
• Lead-based system
• Patch-based system
The mobile cardiac telemetry system market can be broadly divided based on its end-use segments into:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
Based on region, the market can be divided into:
• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
The growing frequency of cardiovascular diseases worldwide is driving the global mobile cardiac telemetry system, which can diagnose heart rhythm problems and identify an auto-triggered cardiac event. The industry is being boosted further by expanding internet penetration and rising demand for wearable items such as smartwatches and fitness bands. Furthermore, governments are taking steps to enhance public awareness about the technology that can monitor heart illnesses, which helps the industry. In 2018, the lead-based system commanded the lion's share of the market. Because of the availability of reimbursement policies for treating cardiac problems and the increased focus on R&D in the region, North America leads the mobile cardiac telemetry system market.
Key Market Players
The major players in the market are Asahi Kasei Corp. (TYO: 3407), BioTelemetry Inc. (NASDAQ: BEAT), Hill-Rom Holdings Inc. (NYSE: HRC), Preventice Solutions, Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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