Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.83 Billion | USD 58.98 Billion | 13.4% | 2023 |
Zion Market Research has published a report on the global Health Telemetry System Market, estimating its value at USD 16.83 Billion in 2023, with projections indicating that it will reach USD 58.98 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 13.4% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Health Telemetry System Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
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 2024-2032.
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.
Report Attributes | Report Details |
---|---|
Report Name | Health Telemetry System Market |
Market Size in 2023 | USD 16.83 Billion |
Market Forecast in 2032 | USD 58.98 Billion |
Growth Rate | CAGR of 13.4% |
Number of Pages | 120 |
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) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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 participants profiled in the study include
By Type
By End-User
By Region
FrequentlyAsked Questions
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 2024-2032.
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