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Mobile Cardiac Telemetry Systems Market Size

Report ID: GMI9376
Published Date: May 2024
Report Format: PDF

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Mobile Cardiac Telemetry Systems Market Size

Mobile cardiac telemetry systems market size was valued at around USD 1.1 billion in 2023 and is estimated to grow at 12.1% CAGR from 2024 to 2032. Mobile cardiac telemetry (MCT) systems are advanced medical devices designed for continuous monitoring of a patient's cardiac activity outside of a clinical setting. These systems typically consist of wearable sensors, adhesive electrodes, and a portable recording device that collects and transmits real-time electrocardiographic (ECG) data to a remote monitoring center or healthcare provider.

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The growing aging population base is a significant driver for the mobile cardiac telemetry systems market. For instance, according to the World Health Organization (WHO), by 2030, one in six people in the world will be aged 60 years or over. The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. As individuals age, they become more susceptible to various cardiovascular conditions, such as coronary artery disease, arrhythmias, and heart failure. The aging process can lead to structural and functional changes in the heart and blood vessels, increasing the risk of cardiac events.

Mobile Cardiac Telemetry Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
Mobile Cardiac Telemetry Systems Market Size in 2023:	USD 1.1 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	12.1%
2032 Value Projection:	USD 2.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	105
Tables, Charts & Figures:	191
Segments covered:	Product Type, Indication, End-use, and Region
Growth Drivers:	Increasing incidence of cardiac disorders Favorable government policies Growing aging population
Pitfalls & Challenges:	Lack of professional training & education Stringent regulatory policies and quality control standards

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Furthermore, increasing shift towards home healthcare, rising adoption of cardiology information system (market size is estimated to account for USD 2.4 billion by the end of year 2032), advancement in cardiovascular ultrasound systems, increasing utilization of cardiovascular health supplements, government initiatives and funding, and increasing education & awareness, are the promoting factors fostering the growth of the market.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Mobile cardiac telemetry (MCT) systems market size was valued at USD 1.1 billion in 2023 and is estimated to grow at 12.1% CAGR from 2024 to 2032, driven by growing aging population.

Lead-based mobile cardiac telemetry (MCT) market is estimated to account for USD 1.9 billion in revenue by the end of 2032, owing to their wide accepted in clinical practice.

U.S. mobile cardiac telemetry systems market is anticipated to grow at 11.7% CAGR during 2024 to 2032 owing to a high prevalence of cardiovascular diseases.

ACS Diagnostics, Baxter International Inc., BIOTRICITY INC., Boston Scientific Cardiac Diagnostics Inc., iRhythm Technologies, Inc., Koninklijke Philips N.V., Medicomp Systems, ScottCare Cardiovascular Solutions, Telerhythmics LLC, and Zoll Medical Corporation among others.