Health Telemetry System Market Size, Share, Growth Report 2030

Health Telemetry System Market

Health Telemetry System Market - By Type (COPD Telemonitoring System, Cardiac & Monitoring System, Glucose Level Telemonitoring System, and Blood Pressure Telemonitoring System), By End-User (Home Care, Hospice Care, and Long Term Care Centers) And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Medical Device Report Format : PDF Pages: 120 Report Code: ZMR-6207 Published Date: May-2021 Status : Published

The global health telemetry system Market Size Was Worth 13 (USD Billion) in 2019 and Is Expected To Reach 18 (USD Billion) by 2026, CAGR of 12.2%.

Health Telemetry System Market: Introduction

The global health telemetry system market size accrued earnings worth approximately 13 (USD Billion) in 2019 and is predicted to gain revenue of about 18 (USD Billion) by 2026, is set to record a CAGR of nearly 12.2% over the period from 2020 to 2026. The report offers an assessment and analysis of the health telemetry system market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

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Health Telemetry System Market: Synopsis

The health telemetry system is utilized for monitoring the vital organs of the patient, including respiration and pulse. The system assists the movement of patients without linking the patient to a monitoring device placed near the bedside and this has enhanced its popularity. Apart from this, health telemetry assists the patients in moving freely during heart monitoring processes. In addition to this, rise in the meteorological data transmission along with the escalating need of devices for measuring data from distant locations is projected to create lucrative avenues for the health telemetry system industry surge over 2020-2026.

Health Telemetry System Market: Growth Dynamics

Massive acceptance of the product by patients affected due to heart ailments will promote market growth in the upcoming years. Apart from this, large-scale use of telemetry systems in ambulatory care units and coronary centers will proliferate the expansion of the health telemetry system industry over the estimated period. The surge in the occurrence of heart ailments and a rise in the rates of mortality owing to diseases globally will prompt industry growth over 2020-2026. Large-scale use of telemetry systems in novel coronavirus 2019 cases witnessed in isolation wards will elevate the expansion of the health telemetry system industry over the forecast period.

Furthermore, the use of telemetry systems in the real-time detection of heartbeats of patients as well as its QRS rates will create lucrative growth avenues for the industry over the forecast timeline. In addition to this, large-scale patient monitoring activities through smartphones or tablets are anticipated to generate humungous penetration of health telemetry systems across the healthcare sector over the estimated timeframe. Apart from this, the need of reducing medical costs along with empowering individuals with health telemetry systems for monitoring chronic ailments will further drive the market trends. Moreover, the necessity of effectively handling healthcare management events through patient monitoring and the thriving e-health industry will steer the market size over the years to come.

Health Telemetry System Market? Report Scope:

Report Attributes Report Details
Report Name Health Telemetry System Market Research Report
Market Size in 2019 USD 13 Billion
Market Forecast in 2026 USD 18 Billion
Compound Annual Growth Rate CAGR of 12.2%
Number of Pages 120
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Astro Med, Shenzhen Mindray Bio-Medical Electronics, ChronicWatch, Philips Healthcare, Nihon Kohden, Comarch, GE Healthcare, Honeywell, Lindsay, and Spacelabs Medical.
Segments Covered By Type, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

North America To Capture Huge Market Share Over 2020-2026

The thriving m-health apps industry in the countries such as U.S. and Canada will promulgate the expansion of the health telemetry system industry over 2020-2026. In addition to this, the high popularity of real-time health monitoring systems for detecting heart disorders in patients from remote places through the use of wearable sensors as well as smartphones will pave a way for product penetration in the region over the forecast timeline, thereby embellishing regional market trends. Technological breakthroughs in health telemetry systems will augment the expansion of the health telemetry system industry in the North American sub-continent over the assessment period. 

Key Market Players & Competitive Landscape

Key participants profiled in the study include  

  • Astro Med
  • Shenzhen Mindray Bio-Medical Electronics
  • ChronicWatch
  • Philips Healthcare
  • Nihon Kohden
  • Comarch
  • GE Healthcare
  • Honeywell
  • Lindsay
  • Spacelabs Medical.

The Global Health Telemetry System Market is segmented as follows:

By Type

By End-User

  • Home Care
  • Hospice Care
  • Long-Term Care Centers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Large-scale acceptance of the product by patients affected due to heart ailments will aid market expansion in the ensuing years. In addition to this, growing penetration of telemetry systems in ambulatory care centers and coronary units will increase expansion of health telemetry system industry over the estimated timespan. Rise in occurrence of heart ailments and surge in the rates of mortality due to chronic diseases across the globe will promote the business growth over 2020-2026. High usage of telemetry systems in novel coronavirus 2019 cases witnessed in isolation wards will enlarge the scope of health telemetry system industry over the assessment timeframe. Furthermore, use of telemetry systems in real-time detection of heart beats in patients as well as its QRS rates will produce new growth avenues for the industry over the forecast timespan. In addition to this, surge in patient monitoring activities through smartphones & tablets are set to enhance health telemetry systems popularity across the healthcare sector over the estimated timeframe.  

According to Zion market research report, the global health telemetry system market accrued earnings worth approximately 13 (USD Billion) in 2019 and is predicted to gain revenue of about 18 (USD Billion) by 2026, is set to record a CAGR of nearly 12.2% over the period from 2020 to 2026.

North American Market is set to experience mounting accession over 2020-2026. The reason being thriving m-health apps industry in the countries such as U.S. and Canada leading to health telemetry system industry expansion. In addition to this, intense popularity of real-time health monitoring systems for determining heart disorders in patients from distant locations through use of wearable sensors & smartphones will pave a way for product penetration in the sub-continent over the forecast timeline, thereby embellishing regional business trends.  

The key market participants include Astro Med, Shenzhen Mindray Bio-Medical Electronics, ChronicWatch, Philips Healthcare, Nihon Kohden, Comarch, GE Healthcare, Honeywell, Lindsay, and Spacelabs Medical.

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