About Health Telemetry System
Health telemetry system helps to collect data from remote devices and monitor patient's health condition. Data telemetry is a difficult and complex process in the healthcare or life sciences to properly monitor a particular patient. The growing initiative of healthcare providers towards remote monitoring solutions to improve patient care and outputs will increase the demand for health telemetry systems. Further, the outburst of coronavirus led healthcare facilities to emphasize patient monitoring and created a need for cost-effective and efficient connected health monitoring solutions. Wireless health telemetry system allows patient movement instead of sitting beside the wired monitors. In today's time, it can also be used in ambulances and homes to properly take care of patients and reduce medical errors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Health Telemetry System 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.
Comarch SA (Poland), GE Healthcare (United States), Dexcom (United States), ResMed (United States), Philips Healthcare (Netherlands), Senseonics Holdings (United States), Vivify Health (United States), Honeywell International Inc. (United States), KORE Wireless (United States) and Data Sciences International (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Health Telemetry System market by Type (COPD Telemonitoring System, Glucose Level Telemonitoring System, Blood Pressure Telemonitoring System, Cardiac Monitoring System and Others), Application (Hospitals, Diagnostic Centers, Rehabilitation Centers, Homes, Ambulance and Others) and Region.
On the basis of geography, the market of Health Telemetry System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Mechanism, the sub-segment i.e. Wired will boost the Health Telemetry System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity Technology, the sub-segment i.e. ZigBee will boost the Health Telemetry System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements and High Growth of Wireless Health Telemetry System
Market Growth Drivers:
Surging Demand of Health Telemetry System for Monitoring and Localization of Patients and Increased Focus of Healthcare Service Providers to Improve Patient Safety and Reduce Medical Errors
Challenges:
Slow Adoption in the Rural Areas and Some Underdeveloped Countries Due to Lack of Awareness
Restraints:
Lack of Proper Connectivity and High Cost of Health Telemetry Systems
Opportunities:
Rising Demand of Cardiac Monitoring System Due to Increasing Number of Cardiac Patients Around the World
Market Leaders and their expansionary development strategies
In March 2024, GE Announced acquisition of European Telemetry Provider, Danica Biomedical A/S. The acquisition to Expand GE's Wireless Healthcare Presence in Europe GE Medical Systems Information Technologies, a business unit of the General Electric Company
In October 2021, KORE announced the launch of connected health telemetry solution to capture remote data for healthcare and life sciences applications. Kore is a global leader in IoT solutions and IoT Connectivity as a Service. In the development of connected health telemetry solution, the company consulted with several healthcare and life sciences customers to address their need and challenges they are facing in the monitoring of patients.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Healthcare Telemetry System Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users 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.