About ECG Telemeters
ECG telemetry, an electronic device which is used to monitor and record the electrical impulses of heart. These impulses are generated by polarization and depolarization of cardiac tissue and translate it into a waveform. The ECG telemetry device can detect complex dysrhythmias and myocardial ischemia. Increasing number of cardiac patients across the world is a major driving factor in the growth of the very market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the ECG Telemeters market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for ECG Telemeters Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global ECG Telemeters market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic (Ireland), Natus Medical (United States), Nihon Kohden (Japan), Compumedics (Australia), GE Healthcare (United States), Philips Healthcare (Netherlands), Aerotel Medical Systems Ltd. (United States) and Welch Allyn Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are MICARD-LANA (Russia) and ScottCare Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global ECG Telemeters market by Type (Digital ECG Telemeters and Analog ECG Telemeters) and Region.
On the basis of geography, the market of ECG Telemeters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Resting ECG Systems will boost the ECG Telemeters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the ECG Telemeters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advent of Handheld ECG Telemetric Devices and Technological Advancement in Medical ECG Telemetry Equipment
Market Growth Drivers:
Favorable Government Initiatives Toward Data Management and Computerization of ECG Records in Healthcare Sectors
Challenges:
Risks Associated with Invasive ECG Telemeters
Restraints:
High Cost Associated with Initial Purchase and Continuous Need for Wireless Communication Mode
Opportunities:
Surging Demand for Patient Monitoring Devices in Non-Hospital Settings Across the World and Adoption in Post-Coronary Care Units and among Ambulatory Service Providers
Market Leaders and their expansionary development strategies
In February 2021, Royal Philips, a global leader in health technology, announced that it has completed the acquisition of Biotelemetry, Inc., a leading U.S.-based provider of remote cardiac diagnostics and monitoring
In August 2022, SmartCardia has launched 7L patch, their 7-lead Cardiac Monitoring Patch in India. This state-of-the-art patch monitor combines medical wearable technology with artificial intelligence (AI) to provide predictive and personalized patient insights through remote monitoring.
Key Target Audience
Healthcare service providers, Medical device companies, Medical software providers, Diagnostic centers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.