Home > Medical Devices > Mobile Cardiac Telemetry Systems Market Outlook, Trends, Report to 2030
Straits Research

Mobile Cardiac Telemetry Systems Market

Mobile Cardiac Telemetry Systems Market: Information by Application (Lead-based, Patch-based), End-Use (Hospitals, Cardiac Centres, Others), and Region — Forecast till 2030

Table of Content Download Sample

Market Overview

The global mobile cardiac telemetry systems market share was valued at USD 839.3 million in 2021 and is projected to reach USD 2412.97 million by 2030 at a CAGR of 12.45% from 2022 to 2030.

The patient wears mobile cardiac telemetry (MCT) devices, which are small, portable sensors used to track heart rhythm. When a cardiac rhythm anomaly is found, the sensor notifies the transmitter, who then relays the information over a mobile network to the manned monitoring centre. As various bodily activities can be comprehended by carefully examining the heart rhythm, cardiac monitoring is a crucial component of healthcare diagnostics. One of the most recent advancements in cardiac monitoring is mobile cardiac telemetry, which enables remote monitoring of patients who are located distant from their doctors.

Market Snapshot

market snapshot
Base Year
: 2021
Study Period
: 2020-2030
: 12.45 %
Fastest Growing Market
: Asia Pacific
Largest Market
: North America
Market Size
: USD 2412.97 million by 2030
Get more information on this report Download Sample Report

Market Dynamics

Market Drivers

  • A Rise In Cardiology Patients Is Driving The Market

Patients are anticipated to have a strong demand for mobile cardiac telemetry devices due to their increased diagnostic yield compared to industry norms for cardiac monitoring equipment. Additionally, the rapidly growing geriatric population is contributing to the rising demand for cardiac monitoring in-home care settings. Over the forecast period, producers of MCT systems are anticipated to experience considerable growth potential due to the rising prevalence of cardiovascular disorders.

The WHO estimates that worldwide, cardiovascular illnesses claim the lives of up to 17.5 million people each year. The market for MCT devices has had a number of new manufacturers enter it in recent years. As a result, the costs of MCT devices are predicted to decline over the projection period, which is predicted to lead to a rise in the adoption of MCT systems.

  • Lately, The Global Pandemic Is Also Driving The Market

For COVID-19 patients receiving care outside of a hospital setting, the device is also useful for quickly identifying arrhythmogenic hazards. Hospitals are currently overflowing with patients as a result of the pandemic, and under such circumstances, these devices are highly beneficial for remote monitoring, which is further encouraging the growth of the market for the mobile cardiac telemetry system. For instance, to track QT prolongation linked to the use of hydroxychloroquine and azithromycin medicine, Biotelemetry, Inc. expanded its mobile cardiac outpatient telemetry monitoring programme to COVID-19 patients in multiple hospitals in the United States in March 2020.

Market Restraints

  • The High Cost Involved Is A Major Restraining Factor

The development of the mobile cardiac telemetry (MCAT) market is anticipated to be hampered by issues such as the device's high cost, long-term monitoring requirements, and reliance on external leads. During the forecast period of 2022–2030, the mobile cardiac telemetry (MCAT) market is expected to face challenges due to the rise in worries about low patient compliance. Furthermore, it is anticipated that the market for MTC systems would have a slowdown in revenue development because of the strict restrictions and product recalls linked to product failure.

Market Opportunities

  • Prevalence of arrhythmia will bring in new opportunities

One of the main factors boosting the market for mobile cardiac telemetry systems is the rising incidence of arrhythmia. By 2030, the number of persons with atrial fibrillation (AFib), a kind of heart arrhythmia, is predicted to reach 12.1 million, according to the Centers for Disease Control and Prevention (CDC). AFib was indicated on 183,321 death certificates in the United States in 2019, according to the same source. Players in the market are always looking to create small, useful gadgets to maintain their market share. For instance, in September 2019, iRhythm Technologies, Inc. and Verily Life Sciences worked together to screen, monitor, and diagnose atrial fibrillation using a system powered by artificial intelligence (AI) from iRhythm and data analysis from Verily.

Segmental Analysis

This market can be segmented on the basis of applications, end-users, regions and competitors. Due to the light weight and user-friendliness of lead-based MCTs, which are preferred by many patients, the lead-based segment led the market for mobile cardiac telemetry systems in 2021 and held a revenue share of over 65.0%. Lead failure and telemetry disruption are just a couple of the drawbacks that come with lead-based MCTs and may prevent them from expanding in the ensuing years.

Over the course of the forecast period, the patch-based segment is anticipated to grow profitably in the mobile cardiac telemetry systems market. For the measurement and monitoring of bradyarrhythmia and tachyarrhythmia, patch-based Continuous Cardiac Rhythm Monitoring (CCRM) has become a helpful clinical tool in the outpatient context. These patch-based CRM devices have been researched in the outpatient setting as an alternative to conventional Holter monitoring and have shown to be workable and patient-friendly solutions for the detection of clinically significant arrhythmia, which is driving the demand.

In 2021, the hospital sector, which had a revenue share of more than 60.0%, dominated the market for mobile cardiac telemetry systems. The rise in minimally invasive procedures performed in these facilities can be blamed for the expansion. Hospitals are also more convenient than other facilities because they are ubiquitous and simple to access. The demand is also anticipated to increase in the coming years due to advantageous reimbursement regulations.

The hospital, cardiac centre, and other end-use markets for mobile cardiac telemetry systems are divided. Over the projected period, it is anticipated that the cardiac centre category will grow the fastest. The rise in cardiac centres and the easy access to surgeons working for these hospitals are to blame for the expansion. Due to an increase in demand for outpatient services, ambulatory surgery facilities are also anticipated to grow in popularity during the projection period. The category is growing as a result of several causes, including less expensive treatment and shorter stays.

Regional Analysis

A revenue share of about 37.0% went to North America in 2021, which dominated the market for mobile cardiac telemetry systems. The incidence of heart illnesses, the growing senior population, and rising healthcare costs are only a few of the factors contributing to this development. For example, the elderly population in the United States has increased by 33% over the past ten years, according to data released by the Administration for Community Living. Additionally, the existence of significant service providers with enhanced healthcare solutions is anticipated to drive market expansion during the anticipated period.

Mobile cardiac telemetry system sales in the Asia Pacific region are anticipated to grow at a healthy CAGR of almost 13.5% during the forecast period. Cardiovascular morbidities have increased in the area as a result of factors including dietary practices and the rising adoption of a sedentary lifestyle that results in physical inactivity. Cardiovascular disorders are thought to be responsible for over 170,000 fatalities in Japan each year, according to the Ministry of Health, Labor, and Welfare. In addition, a number of international corporations are establishing manufacturing operations in the area because of the affordable production prices and the availability of competent workers. The previously mentioned elements are further increasing the demand for transportable cardiac telemetry equipment.

Mobile Cardiac Telemetry Systems Market Regional Analysis
Regional Growth Insights Download Free Sample

Top Key Players of Mobile Cardiac Telemetry Systems Market

Competitiveness exists in the market for mobile cardiac telemetry systems. To broaden their reach in the market, some of the key players in the sector engage in strategic alliances, local expansions, and the introduction of new products.

  1. Applied Cardiac Systems Inc.
  2. Medicomp Inc.
  3. Preventice Solutions
  4. Telerhythmics LLC
  5. Zoll Medical Corporation
  6. iRhythm Technologies Inc.
  7. ScottCare
  8. Biotricity Inc.
  9. Welch Allyn
  10. BioTelemetry Inc.

Report Scope

Report Metric Details
CAGR 12.45%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
    Application Outlook
    1. Lead-based
    2. Patch-based
  1. End-Use Outlook
    1. Hospitals
    2. Cardiac centres
    3. Others
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa

Recent Developments

  • The mobile cardiac telemetry solution VitalPatch RTM was introduced by VitalConnect in May 2021. The programable and adaptable platform of the solution meets a range of requirements for cardiac monitoring.
  • Gallant implantable cardioverter-defibrillator (ICD) will be made available in Europe by Abbott Laboratories in 2020.
  • Buying ADEA Medical AB was completed by Biotelemetry in July 2019. The longer-term objective of BioTelemetry is to develop its international company in the Nordic region and other nations of Europe, and this acquisition fits into that goal.
  • Cardiac Science, a top supplier of automated external defibrillators (AEDs), associated services, and accessories, was bought by ZOLL Medical (an Asahi Kasei Group Company) in 2019. Positioning in the AED market was improved by this acquisition of ZOLL Medical.

Mobile Cardiac Telemetry Systems Market Segmentation

By Application Outlook

  • Lead-based
  • Patch-based

By End-Use Outlook

  • Hospitals
  • Cardiac centres
  • Others

By Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Price Starts From
USD 995

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
Nippon Becton Dickinson
Argon Medical Devices
Johnson & Johnson
Need Assistance?
+1 646 480 7505 (U.S.)
+44 208 068 9665 (U.K.)

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Report Snapshot
Looking For Custom Report ?
Check Our License Options :

As featured on :

Trusted by Fortune 500
Over 30000+ subscribers