Infinium Global Research has added a new report on Mobile Cardiac Telemetry Devices Market. The report covers the analysis of global as well as regional markets of mobile cardiac telemetry devices. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.The global mobile cardiac telemetry devices market is projected to grow at a CAGR of 11.60% over the forecast period of 2019-2025.
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Mobile cardiac telemetry (MCT) is the technology of cardiac monitoring in which a small transportable device is used for continuous monitoring of the heart. It is one of the newest technology in the cardiac monitoring that allows remote monitoring of the patients who are situated at far away distance from the doctors.MCT provides continuous electrocardiographic (ECG) monitoring for long periods of time. It allows the detection of both asymptomatic and symptomatic arrhythmias.
Increasing Occurrences of Cardiac Diseases across the Globe is the Major Driving Factor of the Market
The increasing occurrences of cardiac diseases across the globe is the major driving factor of the market. The factors such as increasing awareness about cardiovascular diseases, technological advances in devices, and increasing demand for cardiac monitoring in home care settings are driving the growth of the mobile cardiac telemetry devices market. However, the high cost of technical components and the presence of more efficient and cheaper alternatives restrains the growth of the mobile cardiac telemetry devices market. Increasing the cardiovascular disease which is the primary reason for the death of peoples worldwide, provides intense opportunities for the market.
Mobile Cardiac Telemetry Devices Market: Segmentation
The mobile cardiac telemetry devices market is segmented on the basis of the technology and the end-users. On the basis of technology, the market is segmented into lead-based technology and patch based technology. Lead-based segment holds the largest market of mobile cardiac telemetry devices across the world. On the basis of end-users, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others. Hospitals hold the largest market share of mobile cardiac telemetry devices due to the increasing use of these devices and the increasing number of patients of cardiovascular diseases.
Mobile Cardiac Telemetry Devices Market: Regional Insights
Among the geographic regions, North America dominates the global mobile cardiac telemetry devices market owing to the high availability of advanced technologies, and increasing healthcare expenditure in this region. Europe is expected to be a prominent region of the mobile cardiac telemetry devices market due to better access to quality health care. The Asia-Pacific is the fastest growing region due to an increase in the rate of cardiovascular diseases and rising population in this region.
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Mobile Cardiac Telemetry Devices Market: Competitive Analysis
Some of the industry participants of the global mobile cardiac telemetry devices market are BioTelemetry Inc., Medicomp Inc., Boston Scientific Corporation, Medtronic plc, The ScottCare Corporation, National Cardiac Inc., Biotricity Inc., Applied Cardiac Systems Inc., Preventice Solutions, Inc. and Telerhythmics LLC among the others.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the mobile cardiac telemetry devices.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.