Mobile Cardiac Telemetry System Market Share, Growth, Size 2021 with Geographic Segmentation by Global Market, Statistical Forecast and Competitive Landscape Report to 2027 | Says Kenneth Research

Kenneth Research has recently added a report titled Mobile Cardiac Telemetry System market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021-2027. The Mobile Cardiac Telemetry System market is further anticipated to grow with a CAGR of 5.2% during the forecast period. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The global demand for mobile cardiac telemetry devices is increasing due to the massive growth of the healthcare industry across the globe. Further, increasing awareness about cardiac diseases and the rising incidence of cardiovascular diseases is a key growth driver for the global mobile cardiac telemetry devices market.  The global mobile cardiac telemetry devices market reached USD 459.1 Million in 2017 by registering a CAGR of 12.4% across the globe. Moreover, the market is expected to garner USD 1,470.7 Million by the end of 2027.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10049521

Key Players of The Global Market:

BioTelemetry Inc., Medicomp Inc., Welch Allyn, Preventice Solutions, ScottCare, and Applied Cardiac Systems Inc. are some of the prominent players of the mobile cardiac telemetry devices market.

North America is slated to account for a share of 40.7% by 2027 in the mobile cardiac telemetry devices market. The growth in the region can be attributed to the growing prevalence in the number of cardiac deaths. Increasing technological innovations in mobile cardiac telemetry devices are also expected to impel the growth of the mobile cardiac telemetry devices market in North America. The U.S. is the prominent market driving growth in the region.

Europe market is expected to expand at the highest CAGR of 12.5% during the forecast period i.e. 2018-2027. Europe mobile cardiac telemetry devices market is projected to reach a valuation of USD 444.1 Million by the end of 2027 from USD 137.7 Million in 2017. Europe’s mobile cardiac telemetry devices market is expected to mark a 12.8% growth rate in 2027. Germany is the prominent market driving growth in the region.

The global mobile cardiac telemetry devices market is segmented on the basis of technology into lead-based and patch-based. Among these segments, the lead-based segment (60.7% share in 2017) occupies the largest market of mobile cardiac telemetry devices across the globe. Further, the global lead-based segment is anticipated to reach USD 879.0 Million by the end of 2027 from USD 278.8 Million in 2017. Moreover, this segment is anticipated to flourish at a CAGR of 12.2% over the forecast period. In addition, the patch-based segment of mobile cardiac telemetry devices is expected to achieve a Y-o-Y growth rate of 13.0% in 2027 as compared to the previous year.

In addition, the global mobile cardiac telemetry devices market is also segmented by the end-user. In the end-user segment, the hospitals’ segment is estimated to remain highest during the forecast period. This segment contributed around 61.0% market share of the total mobile cardiac telemetry devices market in 2017. Further, this segment is projected to capture a 59.9% market share by 2027. Further, the hospitals’ segment is projected to achieve a Y-o-Y growth rate of 12.5% in 2027 as compared to the previous year.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10049521

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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