Global ECG Telemetry Devices Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global ECG Telemetry Devices Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Event Monitoring and Mobile Cardiac Telemetry, Implantable Loop Recorders, and Other Products), Application (Arrhythmias, Myocardial Ischemia and Infarction, Pacemaker Monitoring, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global ECG Telemetry Devices Market was valued at USD 6,313.4 million in 2023 and is expected to reach USD 10,686.4 million by 2031 while growing at a CAGR of 6.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global ECG telemetry devices market growth. ECG telemetry devices facilitate quick and effortless monitoring of patients suspected of cardiac issues by detecting the electrical impulses produced during cardiac tissue polarization and depolarization, converting them into waveforms. This method is commonly employed to identify cardiac abnormalities and assess the impact of drugs or devices used for heart regulation. Additionally, ECG telemetry devices have the capability to detect myocardial ischemia and complex dysrhythmias.
Technological advancements that improve remote patient monitoring, coupled with the rising prevalence of cardiovascular diseases requiring continuous cardiac oversight, and the increasing embrace of telemedicine solutions, propel market growth. However, regulatory hurdles related to medical device approvals and concerns regarding data security pose obstacles to market expansion.
Furthermore, the global telemetry devices industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global ECG Telemetry Devices Market is segmented among Event Monitoring and Mobile Cardiac Telemetry, Implantable Loop Recorders, and Other Products, based on Product. In 2023, Implantable Loop Recorders accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global ECG Telemetry Devices Market is segmented among Arrhythmias, Myocardial Ischemia and Infarction, Pacemaker Monitoring, and Other Applications, based on Application. In 2023, Arrhythmias accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global ECG Telemetry Devices Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Aerotel Medical Systems Ltd, BioTelemetry Inc., GE Healthcare (GE Company), Medtronic Inc., iRhythm Technologies Inc., Nihon Kohden Corporation, Philips Healthcare, Medicalgorithmics SA, Preventice Solutions Inc., and Hill-Rom Services Inc. (Welch Allyn).
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global ECG Telemetry Devices Market Dynamics
Drivers
Restraints
Opportunity
4. Global ECG Telemetry Devices Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global ECG Telemetry Devices Market Segmentation, By Product
Global ECG Telemetry Devices Market Share Analysis, By Product
Global ECG Telemetry Devices Market Growth Analysis, By Product
Global ECG Telemetry Devices Market Trends, By Product
o Event Monitoring and Mobile Cardiac Telemetry
o Implantable Loop Recorders
o Other Products
6. Global ECG Telemetry Devices Market Segmentation, By Application
Global ECG Telemetry Devices Market Share Analysis, By Application
Global ECG Telemetry Devices Market Growth Analysis, By Application
Global ECG Telemetry Devices Market Trends, By Application
o Arrhythmias
o Myocardial Ischemia and Infarction
o Pacemaker Monitoring
o Other Applications
7. Global ECG Telemetry Devices Market Segmentation, By Region
Global ECG Telemetry Devices Market Share Analysis, By Region
Global ECG Telemetry Devices Market Growth Analysis, By Region
Global ECG Telemetry Devices Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Aerotel Medical Systems Ltd.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
BioTelemetry Inc.
GE Healthcare (GE Company)
Medtronic Inc.
iRhythm Technologies Inc.
Nihon Kohden Corporation
Philips Healthcare
Medicalgorithmics SA
Preventice Solutions Inc.
Hill-Rom Services Inc. (Welch Allyn)
*Similar analysis will be provided for each company listed above.
