Market Overview:
The global medical telemetry system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of chronic diseases, technological advancements, and growing demand for home healthcare services. Based on type, the medical telemetry system market is segmented into COPD telemonitoring system, glucose level telemonitoring system, blood pressure telemonitoring system, cardiac & monitoring systems, and others.
Product Definition:
Medical telemetry system is a wireless system that helps to monitor patients' health conditions from a remote location. It collects data from various medical devices and transmits it to a central monitoring station. This system is used to monitor patients with heart problems, respiratory problems, and other health conditions. The importance of medical telemetry system is that it helps healthcare providers to better manage patient care by providing real-time information on patients' health status.
COPD Telemonitoring System:
The global COPD telemonitoring system market is expected to grow at a CAGR of XX% during the forecast period. Increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) and technological advancement in wireless communication are some factors driving the growth of this market.
Glucose Level Telemonitoring System:
Glucose level telemonitoring system is a medical device used to monitor blood sugar levels in patients suffering from diabetes. It consists of sensors, transmitter and receiver which are connected by wireless technology. The data obtained from the sensor is sent to the healthcare professional using transmitter and receiver along with graphically displayed results on screen of personal computer or mobile phone.
Application Insights:
The global medical telemetry system market by application is segmented into home care, long-term care centers, and hospice care. In 2017, the home care segment dominated the overall market with a revenue share of over 60%. The growth of this segment can be attributed to increasing demand for remote monitoring and management of chronic diseases such as diabetes mellitus. Moreover, an increase in geriatric population susceptible to various diseases is also expected to drive the growth of this segment in near future.
On the other hand, long-termcare centers are anticipated to witness significant growth during forecast period owing to growing awareness about better healthcare services for old-age people. Long-termcare center patients require roundtheclock assistance due to multiple conditions such as mobility problems or mental impairment that may hinder their abilityto communicate effectively with healthcare providers at home. Thus rising needfor continuous medical monitoringis expectedto drivethe demandfor these systemsin LTCs over next few years.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels regarding the benefits of early diagnosis, and favorable government initiatives are some factors responsible for its large share. For instance, in 2014, the U.S FDA introduced a program called “Ticker Technology Enhanced (TTE)†that is intended to provide real-time data from continuous glucose monitor to doctors and other stakeholders through an app provided by manufacturers such as Dexcom Incorporated or Medtronic plc’s G6P system.
Asia Pacific is expected to be one of the fastest growing regions over the forecast period owing to increasing diabetic patients coupled with rising disposable income & consumer awareness about availability & advantages of telemetry systems especially in developing countries such as India and China. In addition, supportive government policies encouraging innovation & development of medical devices are anticipated to boost regional growth over next eight years (2030).
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases (NCDs) such as heart disease, stroke, cancer, and diabetes accounted for 63% of all deaths in 2012. Out of these, cardiovascular diseases alone caused 17 million deaths each year. This highlights the need for efficient medical telemetry systems that can help healthcare professionals monitor and manage patients with chronic conditions more effectively.
- Growing demand for home healthcare services: A major trend that is driving the growth of the medical telemetry system market is the growing demand for home healthcare services. With technological advancements making it possible to monitor patients’ health remotely, there is a growing preference for home-based care over hospital-based care among patients and their families alike. This has led to a significant increase in investments in medical telemetry systems by various players in this market space over the past few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Telemetry System Market Research Report
By Type
COPD Telemonitoring System, Glucose Level Telemonitoring System, Blood Pressure Telemonitoring System, Cardiac & Monitoring Systems, Others
By Application
Home Care, Long-term Care Centers, Hospice Care
By Companies
Honeywell, Medtronic, Meytec, Boston Scientific, GE Healthcare, Phillips Healthcare, Abbott (St. Jude Medical), Nihon Kohden, SHL Telemedicine, TeleMedCare, ChronicWatch
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Medical Telemetry System Market Report Segments:
The global Medical Telemetry System market is segmented on the basis of:
Types
COPD Telemonitoring System, Glucose Level Telemonitoring System, Blood Pressure Telemonitoring System, Cardiac & Monitoring Systems, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Care, Long-term Care Centers, Hospice Care
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Medtronic
- Meytec
- Boston Scientific
- GE Healthcare
- Phillips Healthcare
- Abbott (St. Jude Medical)
- Nihon Kohden
- SHL Telemedicine
- TeleMedCare
- ChronicWatch
Highlights of The Medical Telemetry System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- COPD Telemonitoring System
- Glucose Level Telemonitoring System
- Blood Pressure Telemonitoring System
- Cardiac & Monitoring Systems
- Others
- By Application:
- Home Care
- Long-term Care Centers
- Hospice Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Telemetry System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical telemetry system is a type of monitoring equipment that helps doctors and nurses track the health and progress of patients. This technology can be used to monitor heart rate, blood pressure, breathing, and other vital signs.
Some of the key players operating in the medical telemetry system market are Honeywell, Medtronic, Meytec, Boston Scientific, GE Healthcare, Phillips Healthcare, Abbott (St. Jude Medical), Nihon Kohden, SHL Telemedicine, TeleMedCare, ChronicWatch.
The medical telemetry system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Telemetry System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Telemetry System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Telemetry System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Telemetry System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Telemetry System Market Size & Forecast, 2018-2028
4.5.1 Medical Telemetry System Market Size and Y-o-Y Growth
4.5.2 Medical Telemetry System Market Absolute $ Opportunity
Chapter 5 Global Medical Telemetry System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Telemetry System Market Size Forecast by Type
5.2.1 COPD Telemonitoring System
5.2.2 Glucose Level Telemonitoring System
5.2.3 Blood Pressure Telemonitoring System
5.2.4 Cardiac & Monitoring Systems
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Telemetry System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Telemetry System Market Size Forecast by Applications
6.2.1 Home Care
6.2.2 Long-term Care Centers
6.2.3 Hospice Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Telemetry System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Telemetry System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Telemetry System Analysis and Forecast
9.1 Introduction
9.2 North America Medical Telemetry System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Telemetry System Market Size Forecast by Type
9.6.1 COPD Telemonitoring System
9.6.2 Glucose Level Telemonitoring System
9.6.3 Blood Pressure Telemonitoring System
9.6.4 Cardiac & Monitoring Systems
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Telemetry System Market Size Forecast by Applications
9.10.1 Home Care
9.10.2 Long-term Care Centers
9.10.3 Hospice Care
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Telemetry System Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Telemetry System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Telemetry System Market Size Forecast by Type
10.6.1 COPD Telemonitoring System
10.6.2 Glucose Level Telemonitoring System
10.6.3 Blood Pressure Telemonitoring System
10.6.4 Cardiac & Monitoring Systems
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Telemetry System Market Size Forecast by Applications
10.10.1 Home Care
10.10.2 Long-term Care Centers
10.10.3 Hospice Care
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Telemetry System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Telemetry System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Telemetry System Market Size Forecast by Type
11.6.1 COPD Telemonitoring System
11.6.2 Glucose Level Telemonitoring System
11.6.3 Blood Pressure Telemonitoring System
11.6.4 Cardiac & Monitoring Systems
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Telemetry System Market Size Forecast by Applications
11.10.1 Home Care
11.10.2 Long-term Care Centers
11.10.3 Hospice Care
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Telemetry System Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Telemetry System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Telemetry System Market Size Forecast by Type
12.6.1 COPD Telemonitoring System
12.6.2 Glucose Level Telemonitoring System
12.6.3 Blood Pressure Telemonitoring System
12.6.4 Cardiac & Monitoring Systems
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Telemetry System Market Size Forecast by Applications
12.10.1 Home Care
12.10.2 Long-term Care Centers
12.10.3 Hospice Care
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Telemetry System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Telemetry System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Telemetry System Market Size Forecast by Type
13.6.1 COPD Telemonitoring System
13.6.2 Glucose Level Telemonitoring System
13.6.3 Blood Pressure Telemonitoring System
13.6.4 Cardiac & Monitoring Systems
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Telemetry System Market Size Forecast by Applications
13.10.1 Home Care
13.10.2 Long-term Care Centers
13.10.3 Hospice Care
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Telemetry System Market: Competitive Dashboard
14.2 Global Medical Telemetry System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Medtronic
14.3.3 Meytec
14.3.4 Boston Scientific
14.3.5 GE Healthcare
14.3.6 Phillips Healthcare
14.3.7 Abbott (St. Jude Medical)
14.3.8 Nihon Kohden
14.3.9 SHL Telemedicine
14.3.10 TeleMedCare
14.3.11 ChronicWatch
