Mobile Cardiac Telemetry Market: Current Analysis and Forecast (2022-2028)


Emphasis on Technology (Lead-Based MCT Device and Patch-Based MCT Device); End Users (Hospitals, Ambulatory Surgical Centers, and Home Setting); and Region/Country.









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Research Methodology

Report Description

Mobile Cardiac Telemetry Market
Mobile Cardiac Telemetry Market

Global Mobile Cardiac Telemetry Market is expected to grow at a significant rate of around 12.2% during the forecast period.  Mobile cardiac telemetry refers to a real-time ECG monitoring system in which the patient wears a device that monitors their ECG (electrocardiogram) data on an outpatient basis continuedly. This technology represents a reliable & efficient method to monitor a cardiac patient during the day and during sleep. The increasing prevalence of cardiac disorders and increasing focus on wearable products for real-time patient monitoring are a key factors that are expected to drive market growth in the coming years. Moreover, the rising number of cases of cardiac strokes is also an important factor contributing to the market growth during the forecast period. For instance, about 697,000 people in the United States died from heart disease in 2020—that’s 1 in every 5 deaths.

Asahi Kasei Corp., BioTelemetry Inc., Biotricity, Comarch, Hill-Rom Holdings Inc, Infobionic, Koninklijke Philips N.V., Medicalgorithmics, Medicomp, and Preventice Solutions are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst technology, patch-based MCT category to witness higher CAGR during the forecast period”

Based on the technology, the market is bifurcated into lead-based MCT device and patch-based MCT device. The patch-based MCT is expected to grow with a significant CAGR during the forecast period.  Patch-based Continuous Cardiac Rhythm Monitoring (CCRM) has emerged in the outpatient setting as a useful clinical tool for the quantification and surveillance of bradyarrhythmia and tachyarrhythmia. These patch-based CRM devices have been studied in the outpatient setting as an alternative to traditional Holter monitoring and have emerged as feasible and patient-friendly options for the detection of clinically meaningful arrhythmia, which is fueling the demand.

“Amongst end-users, hospitals segment held a dominant share in the market in 2021”

On the basis of end-users, the market is segmented into hospitals, ambulatory surgical centers, and home setting. The hospitals held a dominant share in the market in 2021 which is due to the increased number of minimally invasive surgeries under these facilities. Moreover, hospitals are omnipresent and easily accessible, thus preferable over other facilities. Furthermore, favorable reimbursement policies are expected to fuel the demand in the forthcoming years.

Mobile Cardiac Telemetry Oil Market Report Coverage

Mobile Cardiac Telemetry Market
Mobile Cardiac Telemetry Market

“North America to hold a significant share in the market”

In 2021, North America held a significant share of the global mobile cardiac telemetry market, which is due to several factors, including the presence of major key players in the region, the surge in the geriatric population and the subsequent increase in the prevalence of cardiovascular diseases, highly developed healthcare system, the higher adoption of technically advanced products, and favorable government policies for the launch of advanced products. Moreover, rising company investment is also having a positive impact on the market’s growth of the market. For instance, in January 2023, Royal Philips partnered with Masimo o augment patient monitoring capabilities in home telehealth applications with the Masimo W1™ advanced health tracking watch.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

Customization Options:

The global mobile cardiac telemetry market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Main Objective
2.1.Research Process of the Mobile Cardiac Telemetry Market
2.2.Research Methodology of the Mobile Cardiac Telemetry Market
2.3.Respondent Profile 
7.1.Lead-Based MCT Device
7.2.Patch-Based MCT Device
8.2.Ambulatory Surgical Centers
8.3.Home Setting
9.1.North America   
 9.1.3.Rest of North America
 9.2.6. Netherlands
 9.2.7.Rest of Europe
 9.3.4.Rest of Asia-Pacific
9.4.Rest of World  
 9.4.1.South Africa
 9.4.3.Other ROW
10.1.Market Drivers
10.2.Market Challenges
13.1.Demand Side Analysis
14.1.Competitive Landscape
 14.1.1.Porters Fiver Forces Analysis
15.1.Asahi Kasei Corporation
15.2.BioTelemetry Inc.
15.5.Hill-Rom Holdings Inc
15.7.Koninklijke Philips N.V.
15.10.Preventice Solutions

Research Methodology

Research Methodology for the Mobile Cardiac Telemetry Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global mobile cardiac telemetry market were the three major steps undertaken to create and analyze the adoption of mobile cardiac telemetry in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global mobile cardiac telemetry market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. 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 mobile cardiac telemetry market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the mobile cardiac telemetry market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technology and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the mobile cardiac telemetry market. Further, we conducted factor analysis using dependent and independent variables such as various technology and end-users of mobile cardiac telemetry. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the mobile cardiac telemetry market sector across the globe.


Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global mobile cardiac telemetry market, and market shares of the segments. 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, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the mobile cardiac telemetry market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global mobile cardiac telemetry market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing 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, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions`

Mobile Cardiac Telemetry Market
Mobile Cardiac Telemetry Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global mobile cardiac telemetry market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technology and end-users of the global mobile cardiac telemetry market.

The main objective of the Global Mobile Cardiac Telemetry Market Study

The current & future market trends of the global mobile cardiac telemetry market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the mobile cardiac telemetry market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of technology and end-users.
  • Define and analysis of the regulatory framework for the mobile cardiac telemetry industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the mobile cardiac telemetry market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the mobile cardiac telemetry market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?