Mobile Cardiac Telemetry (MCT) technology allows the monitoring of the patient over 24 hours due to its compact design. Heart disease is one of the leading causes of death globally. More than 46% of US adults are estimated to suffer from hypertension. The rising worldwide demand for United States Mobile Cardiac Telemetry Devices systems is because of the increasing prevalence of cardiovascular disorders, associated mortality has increased awareness about the benefits, and upsurge in venture capital investments. For instance, the medical technology venture capital investment all over the world was valued at 5.7 billion U.S. dollars in 2019 which rose to 6.3 billion U.S. dollars in 2020. In addition to this, the largest increase in the MedTech venture capital investment was seen during the years 2016 and 2017.
The growing prevalence of heart valve disease coupled with the rising geriatric population is another factor contributing to the growth of the United States Mobile Cardiac Telemetry Devices systems market. For instance, according to the United Nations, in 2019, 13.2% of the worldwide population was aged 60 years or above. Further, it is anticipated that nearly 21.4% of the total worldwide population will be aged 60 years or over by 2050. Given these facts, there is an increase in the number of people who are not suitable for open-heart surgeries. As a result, there is an increase in the adoption of minimally invasive surgical procedures such as United States Mobile Cardiac Telemetry Devices procedures augmenting the growth of the United States Mobile Cardiac Telemetry Devices market globally.
BioTelemetry Inc., Biotricity, Comarch, Hill-Rom Holdings Inc, Infobionic, Koninklijke Philips N.V., Medicalgorithmics, Medicomp, and Preventice Solution are some of the prominent players operating in the United States Mobile Cardiac Telemetry Devices market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst technology, Lead-Based segment holds the major share”
Based on the technology, the market is fragmented lead-based, and patch-based. The lead-based segment dominated the market with a share of XX% in 2020 and is expected to grow at the highest CAGR during the forecast period owing to the continuous advancements and user-friendly function. However, patch-based devices are anticipated to grow by the highest CAGR.
“Amongst end-user, hospitals acquired largest market”
Further, based on end-user, the market is hospitals, ambulatory surgical centers, and home settings. In 2020, hospitals accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period.
“North-East US signifies one of the largest markets of US Mobile Cardiac Telemetry Devices Market”
For a better understanding of the market adoption of United States Mobile Cardiac Telemetry Devices procedures, the market is analyzed based on its worldwide presence in the countries such as Mid-West United States, South United States, North-East United States, and West United States. North-East United States dominated the market and generated revenue of USD XX million in 2020 government support for advanced research and increasing awareness regarding the benefits offered by mobile cardiac telemetry devices, which is fueling market expansion.
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