ECG Telemetry Devices Market Share, Growth & Forecast [2031]
ECG Telemetry Devices Market Share, Growth & Forecast [2031]
Segments - ECG Telemetry Devices Market by Applications (Arrhythmias, Myocardial Ischemia and Infarction, Pacemaker Monitoring, and Other Applications) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-1094
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| 170 Pages
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Report Description
ECG Telemetry Devices Market Outook 2031
The ECG Telemetry Devices Market was USD 4.25 Billion in 2022 and is likely to reach USD 8.36 Billion by 2031, expanding at a CAGR of 7.8% during 2023 – 2031. The growth of the market is attributed to the number of people dying from cardiovascular illnesses is rising.
The electrical activity of the heart is monitored and recorded using ECG equipment. Electrical impulses generated by the polarization and depolarization of heart tissue are picked up by the ECG and converted into a wave shape. This aids in the diagnosis of cardiac problems as well as the measurement of chamber size and location by a physician or cardiologist.
According to the Centers for Disease Control and Prevention (CDC), heart disease claims the lives of roughly 630,000 Americans each year, accounting for one out of every four fatalities in the country. Technology is being used in both developing and developed countries to help with day-to-day tasks. As a result, the usage of home care monitoring systems has grown. People may conveniently track their health information at home thanks to such gadgets.
ECG Telemetry Devices Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of home care monitoring devices and service providers are expected to fuel market expansion during the forecast period.
- Growing life-threatening illnesses like cardiovascular problems and homecare monitoring devices are projected to boost the market growth in the coming years.
- High cost and drawbacks of ECG telemetry devices are anticipated to restrict the market growth.
- Wireless sensor networking advancements are estimated to create lucrative opportunities for the market players.
Scope of ECG Telemetry Devices Market Report
The report on the global ECG telemetry devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
ECG Telemetry Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Applications (Arrhythmias, Myocardial Ischemia and Infarction, Pacemaker Monitoring, and Other Applications) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
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. and Hill-Rom Services Inc. (Welch Allyn) |
ECG Telemetry Devices Market Segment Insights
Arrhythmias segment is projected to account for a major market share
In terms of applications, the ECG telemetry devices market is segregated into arrhythmias, myocardial ischemia and infarction, pacemaker monitoring, and other applications. The arrhythmias segment is expected to account for a key share of the market in the coming years due to the senior population growth in the next years, and because this demographic is more susceptible to cardiovascular disorders like arrhythmias, the market is likely to benefit.
Arrhythmia is a disorder in which the heartbeat becomes irregular. Electrical impulses are either too rapid or too sluggish, reducing the heart's ability to pump blood efficiently. ECG telemetry devices, on the other hand, are the most effective instruments for detecting arrhythmias. According to the World Ageing 2019 study, the world's population of people aged 65 and over was 703 million in 2019. In 2050, the senior population is expected to quadruple to 1.5 billion people. Furthermore, by 2050, one in every six individuals on the planet will be beyond the age of 65, up from one in every eleven people today. As the prevalence of arrhythmia is projected to grow, there will be greater demand for improved diagnostic methods. As a result, ECG telemetry devices are extremely important since they allow for quicker and faster cardiac monitoring.
North America is expected to dominate the market
On the basis of regions, the ECG telemetry devices market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to the growing numbers of people suffering from cardiovascular diseases.
Cardiovascular illnesses are the leading cause of mortality in the United States, as well as the most common reason for hospitalizations and medical visits. According to the Centers for Disease Control and Prevention (CDC), around 735,000 people in the United States have a heart attack each year. As a result, as the incidence of cardiovascular illnesses (CVDs) and heart attacks rises, so does the need for diagnostic services. Patients with cardiovascular illnesses in the United States have access to excellent reimbursement options. This aspect is assisting the market for ECG telemetry devices to flourish.
Segments
The global ECG telemetry devices market has been segmented on the basis ofApplications
- Arrhythmias
- Myocardial Ischemia and Infarction
- Pacemaker Monitoring
- Other Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 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)
Competitive Landscape
Key players competing in the ECG telemetry devices market include 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. and Hill-Rom Services Inc. (Welch Allyn).
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. ECG Telemetry Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. ECG Telemetry Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. ECG Telemetry Devices Market - Supply Chain
4.5. Global ECG Telemetry Devices Market Forecast
4.5.1. ECG Telemetry Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. ECG Telemetry Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. ECG Telemetry Devices Market Absolute $ Opportunity
5. Global ECG Telemetry Devices Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. ECG Telemetry Devices Market Size and Volume Forecast by Applications
5.3.1. Arrhythmias Myocardial Ischemia and Infarction Pacemaker Monitoring Other Applications
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global ECG Telemetry Devices Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. ECG Telemetry Devices Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global ECG Telemetry Devices Demand Share Forecast, 2019-2026
7. North America ECG Telemetry Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America ECG Telemetry Devices Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America ECG Telemetry Devices Market Size and Volume Forecast by Applications
7.4.1. Arrhythmias Myocardial Ischemia and Infarction Pacemaker Monitoring Other Applications
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America ECG Telemetry Devices Demand Share Forecast, 2019-2026
8. Latin America ECG Telemetry Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America ECG Telemetry Devices Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America ECG Telemetry Devices Market Size and Volume Forecast by Applications
8.4.1. Arrhythmias Myocardial Ischemia and Infarction Pacemaker Monitoring Other Applications
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America ECG Telemetry Devices Demand Share Forecast, 2019-2026
9. Europe ECG Telemetry Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe ECG Telemetry Devices Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe ECG Telemetry Devices Market Size and Volume Forecast by Applications
9.4.1. Arrhythmias Myocardial Ischemia and Infarction Pacemaker Monitoring Other Applications
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe ECG Telemetry Devices Demand Share Forecast, 2019-2026
10. Asia Pacific ECG Telemetry Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific ECG Telemetry Devices Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific ECG Telemetry Devices Market Size and Volume Forecast by Applications
10.4.1. Arrhythmias Myocardial Ischemia and Infarction Pacemaker Monitoring Other Applications
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific ECG Telemetry Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa ECG Telemetry Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa ECG Telemetry Devices Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa ECG Telemetry Devices Market Size and Volume Forecast by Applications
11.4.1. Arrhythmias Myocardial Ischemia and Infarction Pacemaker Monitoring Other Applications
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa ECG Telemetry Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global ECG Telemetry Devices Market: Market Share Analysis
12.2. ECG Telemetry Devices Distributors and Customers
12.3. ECG Telemetry Devices Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Aerotel Medical Systems Ltd BioTelemetry Inc. GE Healthcare (GE Company) Medtronic Inc. iRhythm Technologies Inc.
Methodology
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