Mobile Cardiac Telemetry Devices Market: Current Scenario and Forecast (2019-2025)

Mobile Cardiac Telemetry Devices Market: Current Scenario and Forecast (2019-2025)

Emphasis on Technology (Lead-Based, Patch Based), End-Users (Hospitals, Ambulatory Surgical Centres, Home Setting) and Region/Country

$ 3500
$4900
$6860

Published: Nov-2019

Pages: 231

Table:86

Figure: 136

Report ID:UMHE19189

Global Mobile Cardiac Telemetry Devices was valued at US$ 563.7 million in 2018 and is anticipated to reach US$ 1,264 million by 2025 displaying a reasonable CAGR of 12.34% over the forecast period (2019-2025). Increasing prevalence of cardiovascular diseases, rising geriatric population, increasing medical tourism in emerging nations are the key growth drivers for global mobile cardiac telemetry devices market. Interoperability and wireless technology to enhance real-time, remote monitoring, and transition of care delivery from hospital to home are also stimulating market growth globally. However, clinical effectiveness, the need for validation, cost effectiveness and data security are the major restraining factors for the market growth. Mobile Cardiac Telemetry is becoming more and more common as the device is far less labour intensive for the patient as compared to the traditional Event Monitor. The monitoring is the wave of the future because there are so many technological advantages compared to other long-term monitoring options. MCT monitoring technology can be considered a superior method for detecting ECG abnormalities as it captures cardiac abnormalities in real time. The expedited nature of MCT can potentially improve diagnostic care and lower healthcare costs over the long run.

In recent years the prevalence of chronic diseases has increased due to the rise in life expectancy and changes in lifestyle, and thus people suffering from these pathologies often need continuous monitoring of their vital signs. The mobile health field can provide new access opportunities for treatment and medical services, constituting a valuable support instrument for both patients and doctors. Mobile cardiac telemetry (MCT) is a relatively new technology, first approved in 2002 by the US Food and Drug Administration (FDA), which provides continuous real-time outpatient electrocardiographic monitoring for extended periods of time. MCT allows the detection of both symptomatic and asymptomatic arrhythmias and has been proven to provide superior diagnostic capability for patients with palpitations, syncope, and pre-syncope. It also allows accurate monitoring of a patient’s rhythm during outpatient drug titration, as well as detection of both symptomatic and asymptomatic atrial fibrillation after cardiac ablation.

“Lead based MCT devices held the largest market share 60.2% in 2018”

Based on technology type, the global Mobile Cardiac Telemetry Devices market is bifurcated into Lead based and Patch based devices. Lead based devices dominated the market in 2018, with the maximum share in terms of revenue and are expected to maintain its dominance throughout the forecast period, owing to its increased application in high-end vehicles. Patch based devices, on the other hand, is expected to register the fastest growth during the forecast period.

Mobile Cardiac Telemetry Devices Market Size by Technology, Global, 2018-25 (US$ Mn)

“Hospitals are the major adopter of Mobile Cardiac Telemetry Devices technology”

Hospitals, Ambulatory Surgical Centers and Home Settings are the major end-users considered in the global Mobile Cardiac Telemetry Devices market study. Hospitals are the major end-users of mobile telemetry device technology; the segment generated a revenue of US$ 350.5 million in 2018. The hospital's end-user segment is expected to grow at a CAGR of 11.67% during the forecast period. However, the home setting is expected to witness highest CAGR during the 2019-2025 period.

“Europe dominated the global Mobile Cardiac Telemetry Devices market in 2018”

Also, for better understanding of the overall adoption rate of mobile cardiac telemetry devices in different developed and developing markets, detailed analysis has been conducted for different regions/countries including North America (US, Canada), Europe (UK, Germany, France, Spain, Italy), Asia-Pacific (China, India, Japan, Australia), and the Rest of the World (Middle East and Latin America). Based on the estimation, Europe dominated the Mobile Cardiac Telemetry devices market, accounting for a revenue share of 31.9% in 2018. The rising incidence of cardiovascular diseases in Europe is influencing the healthcare service providers to implement advanced telehealth services. Hence, the increasing usage of telecardiology is expected to drive the market.

Competitive Landscape-Top 10 Market Players

Asahi Kasei Corp., BioTelemetry Inc., Biotricity, Comarch, Hill-Rom Holdings Inc, Infobionic, Koninklijke Philips N.V., Medicalgorithmics, Medicomp and Preventice are some of the prominent players operating in the global Mobile Cardiac Telemetry Devices industry. These players are adopting several growth strategies including acquisition, product launches, partnership and business expansion to increase their market presence and benefit as first mover advantages. The industry has also witnessed the emergence of several start-ups in the respective domain, majorly in the European region.

Reasons to buy (The research report presents):

  • Current and future market size from 2018 to 2025 in terms of value (US$)
  • Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leaders of the industry
  • Country level details of the overall adoption of MCT devices in major healthcare facilities and current and future health status of the country
  • A quick review of overall industry performance at a glance
  • In-depth analysis of key industry players
  • A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
  • Examination of industry attractiveness with the help of Porter’s Five Forces analysis and start ups
  • The study comprehensively covers the market across different segments and sub-segments of the technology
  • Region/country Covered: North America (US, Canada), Europe (UK, Germany, France, Spain, Italy), Asia-Pacific (China, India, Japan, Australia), and the Rest of the World

Customization Options:

UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Global Mobile Cardiac Telemetry Devices Market can be customized to country level or any other market segment.

 

    1.1 Market Definition
    1.2 Objective of the Study
    1.3 Limitation  
    1.4 Stakeholders  
    1.5 Currency used in the Report
    1.6 Scope of the Global Mobile Cardiac Telemetry Devices Market Study
  2 RESEARCH METHODOLOGY OR ASSUMPTION
    2.1 Research Methodology for Global Mobile Cardiac Telemetry Devices Market Study
      2.1.1 Main objective of the Global Mobile Cardiac Telemetry Devices Market Study
  3 INDUSTRY PERFORMANCE
  4 EXECUTIVE SUMMARY
    4.1 Key Facts on Cardiovascular diseases (CVDs), Global
  5 MARKET OVERVIEW  
    5.1 Market Introduction
    5.2 Market Trend & Drivers
      5.2.1 Increasing prevalence of Cardiovascular Diseases
        5.2.1.1 Market trends reshaping the CVD market
          5.2.1.1.1 Increasing demand for value
          5.2.1.1.2 The rising uptake of Innovative Treatment Technologies
          5.2.1.1.3 Growing Digital Solutions Adoption
          5.2.1.1.4 Changing MedTech competitive landscape
          5.2.1.1.5 Evolving provider and care delivery shifts
      5.2.2 Rising Geriatric Population
      5.2.3 Next-Generation Devices for Miniaturization, Faster Processing and Connectivity
      5.2.4 Increasing Medical Tourism in Emerging Nations
    5.3 Market Challenges
      5.3.1 Clinical Effectiveness
      5.3.2 Need for validation, cost-effectiveness
      5.3.3 Data Security
    5.4 Market Trends  
      5.4.1 Interoperability and Wireless Technology to Enhance Real-Time, Remote Monitoring
      5.4.2 Transition of Care Delivery from Hospital to Home
  6 REIMBURSEMENT POLICY
    6.1 General Overview
      6.1.1 Holter Monitoring reimbursement
      6.1.2 Mobile Cardiac Telemetry Reimbursement
      6.1.3 Cardiac Event Monitoring Reimbursement
    6.2 Medicare National Coverage
    6.3 2017 ISHNE-HRS expert consensus statement on ambulatory ECG and external cardiac monitoring/ telemetry
      6.3.1 Reimbursement
      6.3.2 Reimbursement in Europe
  7 LEGAL & REGULATORY FRAMEWORK
    7.1 General Overview
    7.2 Criteria/Guidelines
    7.3 Criteria/Guidelines
    7.4 Limitations  
    7.5 Administrative Guidelines
    7.6 Observational Study
    7.7 Practice Guidelines and Position Statements
    7.8 Telemetry Devices to Monitor Cardiac Patients: Safety and Guidelines in Canada
    7.9 The legal framework in regulating remote (cardiac) monitoring in France
    7.1 The legal framework in regulating remote (cardiac) monitoring in Italy
  8 DEMAND AND SUPPLY SIDE ANALYSIS
    8.1 Demand Side Analysis
    8.2 Supply Side Analysis
      8.2.1 Top Product Launches under Mobile Cardiac Telemetry Devices
      8.2.2 Top Partnerships under Mobile Cardiac Telemetry Devices
      8.2.3 Top Mergers & Acquisitions under Mobile Cardiac Telemetry Devices
      8.2.4 Top Business Expansion & Investment under Mobile Cardiac Telemetry Devices
  9 VALUE CHAIN ANALYSIS
    9.1 Value Chain Analysis
  10 MARKET INSIGHTS BY TECHNOLOGY
    10.1 General Overview
      10.1.1 Lead-Based MCT Device
        10.1.1.1 Case Study 1- Superiority of MCT Devices
      10.1.2 Patch Based MCT Device
        10.1.2.1 Case study 2- Superiority of MCT Devices
  11 MOBILE CARDIAC TELEMETRY DEVICE MARKET INSIGHTS, BY END-USERS
    11.1 General Overview
      11.1.1 Hospitals  
        11.1.1.1 Case Study 3- Superiority of MCT Devices
      11.1.2 Ambulatory Surgical Centres
        11.1.2.1 Case study 4- Superiority of MCT Devices
      11.1.3 Home Setting
        11.1.3.1 Case Study 5-Cost-Effectiveness of Mobile Cardiac Telemetry
  12 MARKET INSIGHTS BY REGION
    12.1 General Overview
    12.2 North America Mobile Cardiac Telemetry Devices Market (2019-2025)
      12.2.1 North America MCT Devices Market by Technology
      12.2.2 North America Mobile Cardiac Telemetry Devices Market by End-User
      12.2.3 North America Mobile Cardiac Telemetry Devices Market by Country
        12.2.3.1 United States Mobile Cardiac Telemetry Devices Market (2019-2025)
          12.2.3.1.1 Facts on Heart Disease in the US
          12.2.3.1.2 Facts on Coronary Heart Disease (CHD) in the US
          12.2.3.1.3 Facts on Stoke in the US
          12.2.3.1.4 US Mobile Cardiac Telemetry Devices Market by Technology
          12.2.3.1.5 US Mobile Cardiac Telemetry Devices Market by End-User
        12.2.3.2 Canada Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.2.3.2.1 Facts on heart disease in Canada
          12.2.3.2.2 Canada Mobile Cardiac Telemetry Devices Market by Technology
          12.2.3.2.3 Canada Mobile Cardiac Telemetry Devices Market by End-User
        12.2.3.3 Rest of North America Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.2.3.3.1 Rest of NA Mobile Cardiac Telemetry Devices Market by Technology
          12.2.3.3.2 Rest of NA Mobile Cardiac Telemetry Devices Market by End-User
    12.3 Europe Mobile Cardiac Telemetry Devices Market (2018-2025)
      12.3.1 Facts on Cardiovascular Disease in Europe
      12.3.2 Europe Mobile Cardiac Telemetry Devices Market by Technology
      12.3.3 Europe Mobile Cardiac Telemetry Devices Market by End-User
      12.3.4 Europe Mobile Cardiac Telemetry Devices Market by Country
        12.3.4.1 France Mobile Cardiac Telemetry Devices Market (2019-2025)
          12.3.4.1.1 France Mobile Cardiac Telemetry Devices Market by Technology
          12.3.4.1.2 France Mobile Cardiac Telemetry Devices Market by End-User
        12.3.4.2 Germany Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.3.4.2.1 Germany Mobile Cardiac Telemetry Devices Market by Technology
          12.3.4.2.2 Germany Mobile Cardiac Telemetry Devices Market by End-User
        12.3.4.3 Sweden Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.3.4.3.1 Sweden Mobile Cardiac Telemetry Devices Market by Technology
          12.3.4.3.2 Sweden Mobile Cardiac Telemetry Devices Market by End-User
        12.3.4.4 Netherlands Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.3.4.4.1 Netherlands Mobile Cardiac Telemetry Devices Market by Technology
          12.3.4.4.2 Case Study-Cost effectiveness of home telemonitoring (HTM) and nurse telephone support (NTS)
          12.3.4.4.3 Netherlands Mobile Cardiac Telemetry Devices Market by End-User
        12.3.4.5 Italy Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.3.4.5.1 Italy Mobile Cardiac Telemetry Devices Market by Technology
          12.3.4.5.2 Italy Mobile Cardiac Telemetry Devices Market by End-User
        12.3.4.6 United Kingdom Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.3.4.6.1 United Kingdom Mobile Cardiac Telemetry Devices Market by Technology
          12.3.4.6.2 United Kingdom Mobile Cardiac Telemetry Devices Market by End-User
        12.3.4.7 Rest of Europe Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.3.4.7.1 Rest of Europe Mobile Cardiac Telemetry Devices Market by Technology
          12.3.4.7.2 Rest of Europe Mobile Cardiac Telemetry Devices Market by End-User
    12.4 Asia Pacific Mobile Cardiac Telemetry Devices Market (2018-2025)
      12.4.1 Asia Pacific Mobile Cardiac Telemetry Devices Market by Technology
      12.4.2 Asia Pacific Mobile Cardiac Telemetry Devices Market by End-User
      12.4.3 Asia Pacific Mobile Cardiac Telemetry Devices Market by Country
        12.4.3.1 Japan Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.4.3.1.1 Japan Mobile Cardiac Telemetry Devices Market by Technology
          12.4.3.1.2 Japan Mobile Cardiac Telemetry Devices Market by End-User
        12.4.3.2 China Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.4.3.2.1 China Mobile Cardiac Telemetry Devices Market by Technology
          12.4.3.2.2 China Mobile Cardiac Telemetry Devices Market by End-User
        12.4.3.3 India Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.4.3.3.1 India Mobile Cardiac Telemetry Devices Market by Technology
          12.4.3.3.2 India Mobile Cardiac Telemetry Devices Market by End-User
        12.4.3.4 Rest of Asia Pacific Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.4.3.4.1 Rest of APAC Mobile Cardiac Telemetry Devices Market by Technology
          12.4.3.4.2 Rest of APAC Mobile Cardiac Telemetry Devices Market by End-User
    12.5 Rest of World Mobile Cardiac Telemetry Devices Market (2018-2025)
      12.5.1 Rest of World Mobile Cardiac Telemetry Devices Market by Technology
      12.5.2 Rest of World Mobile Cardiac Telemetry Devices Market by End-User
      12.5.3 Rest of World Mobile Cardiac Telemetry Devices Market by Country
        12.5.3.1 South Africa Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.5.3.1.1 South Africa Mobile Cardiac Telemetry Devices Market by Technology
          12.5.3.1.2 South Africa Mobile Cardiac Telemetry Devices Market by End-User
        12.5.3.2 Brazil Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.5.3.2.1 Brazil Mobile Cardiac Telemetry Devices Market by Technology
          12.5.3.2.2 Brazil Mobile Cardiac Telemetry Devices Market by End-User
        12.5.3.3 Other Countries Mobile Cardiac Telemetry Devices Market (2018-2025)
          12.5.3.3.1 Other RoW Mobile Cardiac Telemetry Devices Market by Technology
          12.5.3.3.2 Other RoW Mobile Cardiac Telemetry Devices Market by End User
  13 COMPETITIVE SCENARIO
    13.1 Porter’s Five forces analysis
      13.1.1 Bargaining power of the Supplier
      13.1.2 Bargaining power of Buyer
      13.1.3 Industry Rivalry
      13.1.4 Availability of Substitute
      13.1.5 Threat of New Entrants
    13.2 Market Share Analysis, by Company 2018
      13.2.1 Some Major agreements of BioTelemetry
      13.2.2 Market Share of Key Players in Mobile Cardiac Telemetry Devices, 2018
  14 TOP COMPANY PROFILES
    14.1 Asahi Kasei Corporation
      14.1.1 Key Facts  
      14.1.2 Business Description
      14.1.3 Key Product/Services Offerings
      14.1.4 Growth Strategy
      14.1.5 SWOT Analysis
      14.1.6 Key Financials
        14.1.6.1 Revenue Split
      14.1.7 Recent Developments
        14.1.7.1 Product Launches
        14.1.7.2 Partnerships
        14.1.7.3 Mergers and Acquisitions
    14.2 BioTelemetry Inc.
      14.2.1 Key Facts  
      14.2.2 Business Description
      14.2.3 Key Product/Services Offerings
      14.2.4 Growth Strategy
      14.2.5 SWOT Analysis
      14.2.6 Key Financials
        14.2.6.1 Revenue Split
      14.2.7 Recent Developments
        14.2.7.1 Partnerships (Strategic Alliance)
        14.2.7.2 Mergers and Acquisitions
    14.3 Biotricity    
      14.3.1 Key Facts  
      14.3.2 Business Description
      14.3.3 Key Product/Services Offerings
      14.3.4 Growth Strategy
      14.3.5 SWOT Analysis
      14.3.6 Key Financials
      14.3.7 Recent Developments
        14.3.7.1 Product Launch
        14.3.7.2 Business Expansion and Investment
    14.4 Comarch    
      14.4.1 Key Facts  
      14.4.2 Business Description
      14.4.3 Key Product/Services Offerings
      14.4.4 Growth Strategy
      14.4.5 SWOT Analysis
      14.4.6 Key Financials
        14.4.6.1 Revenue Split
      14.4.7 Recent Developments
        14.4.7.1 Partnership
        14.4.7.2 Business Expansion & Investments
    14.5 Hill-Rom Holdings Inc
      14.5.1 Key Facts  
      14.5.2 Business Description
      14.5.3 Key Product/Services Offerings
      14.5.4 Growth Strategy
      14.5.5 SWOT Analysis
      14.5.6 Key Financials
        14.5.6.1 Revenue Split
      14.5.7 Recent Developments
        14.5.7.1 Product Launches
        14.5.7.2 Partnership
        14.5.7.3 Expansions and Investments
        14.5.7.4 Mergers and Acquisitions
    14.6 Infobionic  
      14.6.1 Key Facts  
      14.6.2 Business Description
      14.6.3 Key Product/Services Offerings
      14.6.4 Growth Strategy
      14.6.5 SWOT Analysis
      14.6.6 Recent Developments
        14.6.6.1 Product Launch
        14.6.6.2 Business Expansion and Investment
    14.7 Koninklijke Philips N.V.
      14.7.1 Key Facts  
      14.7.2 Business Description
      14.7.3 Key Product/Services Offerings
      14.7.4 SWOT Analysis
      14.7.5 Key Financials
        14.7.5.1 Revenue Split
      14.7.6 Recent Developments
        14.7.6.1 Product Launches
        14.7.6.2 Partnership
        14.7.6.3 Merger and Acquisition
    14.8 Medicalgorithmics
      14.8.1 Key Facts  
      14.8.2 Business Description
      14.8.3 Key Product/Services Offerings
      14.8.4 SWOT Analysis
      14.8.5 Key Financials
        14.8.5.1 Revenue Split
      14.8.6 Recent Developments
        14.8.6.1 Product Launch
        14.8.6.2 Partnerships
        14.8.6.3 Business Expansions and Investments
        14.8.6.4 Merger & Acquisitions
    14.9 Medicomp  
      14.9.1 Key Facts  
      14.9.2 Business Description
      14.9.3 Key Product/Services Offerings
      14.9.4 SWOT Analysis
      14.9.5 Recent Developments
      14.9.5.1 Product Launches
    14.10 Preventice Solutions
      14.10.1 Key Facts  
      14.10.2 Business Description
      14.10.3 Key Product/Services Offerings
      14.10.4 SWOT Analysis
      14.10.5 Recent Developments
        14.10.5.1 Product Launches

Analyzing historical market, estimation of the current market and forecasting the future market for Global Mobile Cardiac Telemetry Devices were the three major steps undertaken to create and analyze the overall adoption rate of the technology/service in major regions/countries. Exhaustive secondary research was done to collect the historical market and overall estimation of the current market of the technology. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Mobile Cardiac Telemetry Devices market. Post all the assumptions and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the technology. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Global Mobile Cardiac Telemetry Devices Market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records, etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For economic data collection, sources such as World Bank, CDC, European Commission (EC), United Nations and WHO, OECD among others were used.

Step 2: Market Segmentation:

After obtaining the historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments and sub-segment of the Mobile Cardiac Telemetry Devices market. Major segments included in the report are technology and end-users.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments detailed factor analysis was conducted to estimate the current market size of the Global Mobile Cardiac Telemetry Devices. Factor analysis was conducted using dependent and independent variables including accelerating aging population, rising prevalence of cardiovascular diseases and rising geriatric population. Historical trends of the Global Mobile Cardiac Telemetry Devices and their year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on the actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players and industry’s supply chain. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market drivers, restraints, trends and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for different segments and sub-segments in different regions/countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of Mobile Cardiac Telemetry Devices
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as the market share of each player. Also, the growth strategies adopted by these players to compete in the ever-growing Global Mobile Cardiac Telemetry Devices market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research was consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the Global Mobile Cardiac Telemetry Devices market. Data was split into several segments post studying various parameters and trends in the areas of technology such as lead-based, patch based and end-users (hospitals, ambulatory surgical centers, home settings) and regions including North America, Europe, Asia-Pacific and Rest of the World

Main objective of the Mobile Cardiac Telemetry Devices Market Study

The current & future market trends of the global mobile cardiac telemetry devices are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market not only at regional but also at the country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the study include:

  • Analyze the current and future market size of the Global Mobile Cardiac Telemetry Devices Market in terms of value (US$). In addition, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include components, applications and region/country
  • Analyze the value chain involved in the industry along with the presence of various intermediaries along with the customer and competitor analysis, etc.
  • Define and analysis of the government regulations for the Mobile Cardiac Telemetry devices in major countries
  • Analyze the current and forecast market size of the Global Mobile Cardiac Telemetry Devices Market, in terms of value for regions/countries including North America (US, Canada), Europe (France, Spain, Italy, UK, Germany), Asia-Pacific (India, China, Japan) and Rest of the World (Middle East and Latin America)
  • Define and analyze the competitive landscape of the Global Mobile Cardiac Telemetry Devices Market and the growth strategies adopted by these players to sustain in the ever-growing market

 

Analyzing historical market, estimation of the current market and forecasting the future market for Global Mobile Cardiac Telemetry Devices were the three major steps undertaken to create and analyze the overall adoption rate of the technology/service in major regions/countries. Exhaustive secondary research was done to collect the historical market and overall estimation of the current market of the technology. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Mobile Cardiac Telemetry Devices market. Post all the assumptions and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the technology. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Global Mobile Cardiac Telemetry Devices Market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records, etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications. For economic data collection, sources such as World Bank, CDC, European Commission (EC), United Nations and WHO, OECD among others were used.

Step 2: Market Segmentation:

After obtaining the historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments and sub-segment of the Mobile Cardiac Telemetry Devices market. Major segments included in the report are technology and end-users.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments detailed factor analysis was conducted to estimate the current market size of the Global Mobile Cardiac Telemetry Devices. Factor analysis was conducted using dependent and independent variables including accelerating aging population, rising prevalence of cardiovascular diseases and rising geriatric population. Historical trends of the Global Mobile Cardiac Telemetry Devices and their year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on the actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players and industry’s supply chain. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market drivers, restraints, trends and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for different segments and sub-segments in different regions/countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of Mobile Cardiac Telemetry Devices
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as the market share of each player. Also, the growth strategies adopted by these players to compete in the ever-growing Global Mobile Cardiac Telemetry Devices market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research was consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the Global Mobile Cardiac Telemetry Devices market. Data was split into several segments post studying various parameters and trends in the areas of technology such as lead-based, patch based and end-users (hospitals, ambulatory surgical centers, home settings) and regions including North America, Europe, Asia-Pacific and Rest of the World

Main objective of the Mobile Cardiac Telemetry Devices Market Study

The current & future market trends of the global mobile cardiac telemetry devices are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market not only at regional but also at the country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the study include:

  • Analyze the current and future market size of the Global Mobile Cardiac Telemetry Devices Market in terms of value (US$). In addition, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include components, applications and region/country
  • Analyze the value chain involved in the industry along with the presence of various intermediaries along with the customer and competitor analysis, etc.
  • Define and analysis of the government regulations for the Mobile Cardiac Telemetry devices in major countries
  • Analyze the current and forecast market size of the Global Mobile Cardiac Telemetry Devices Market, in terms of value for regions/countries including North America (US, Canada), Europe (France, Spain, Italy, UK, Germany), Asia-Pacific (India, China, Japan) and Rest of the World (Middle East and Latin America)
  • Define and analyze the competitive landscape of the Global Mobile Cardiac Telemetry Devices Market and the growth strategies adopted by these players to sustain in the ever-growing market

 


Mobile Cardiac Telemetry Devices Market: Current Scenario and Forecast (2019-2025)