Health Telemetry Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3273
Health Telemetry Market size is expected to grow significantly from 2019 to 2025.
Health telemetry is generally used to monitor patient’s vital organs such as pulse and respiration. Radiofrequency communication is used between transmission worn by the patient and central monitoring system. Telemetry devices have advantage of allowing patient movement without connecting the patient to a bedside monitor thus, increasing its adoption over the forecast period.
Health telemetry enable patients to move freely during cardiac monitoring procedures. Growing transmission of meteorological data and increasing demand of instruments to remotely measure data are the factors expected to boost global telemetry market growth during the forthcoming years.
High adoption of telemetry devices in patients suffering from cardiac disorders will serve to be major impact rendering factor in the business growth. Moreover, these devices are gaining support from ambulatory care unit and coronary care units. For instance, ambulatory care units can notify hospitals and physicians about real time cardiac activities using telemetry devices in case of emergencies. However, huge capital investment associated with telemetry and low awareness levels may hinder industry growth during the coming years.
COPD telemonitoring system segment will witness significant growth over the forecast period. Rising prevalence of COPD that manifests progressive breathlessness, cough, sputum production with acute exacerbations will drive segmental growth. An alert generating system to monitor patients suffering from acute exacerbations will positively impact business revenue.
Hardware segment is estimated to show lucrative CAGR during the analysis timeframe. Various hardware used in health telemetry such as sensors, transmission path and microprocessors will spur the segment size.
Hospital care segment accounted for considerable revenue share during the forecast timeline. Patients suffering from critical conditions such as high blood pressure, increased heart rates need constant monitoring will drive the segment growth. Furthermore, increasing hospitalization and surge in number of surgeries could further augment industry growth.
North America health telemetry market held significant revenue share in 2018 owing to increasing prevalence of cardiovascular diseases in the region. Rising awareness among patients and healthcare professionals regarding technological advancements in health telemetry will favor regional growth. Moreover, favorable government initiatives, increased R&D expenditure and development of smart sensors will further drive regional revenue size.
Asia Pacific health telemetry market is anticipated to witness robust growth during the forecast timeframe. Increasing disposable income and rising government initiatives pertaining to development of healthcare infrastructure will act as primary driver for Asia Pacific health telemetry market growth. Technological advancements in telemetry coupled with development of affordable devices by industry players will positively impact regional business growth.
Few of the prominent industry players operating in the health telemetry industry includes Astro Med, ChronicWatch, Comarch, GE Healthcare, Honeywell, Lindsay, Nihon Kohden, Philips Healthcare, Shenzhen Mindray Bio-Medical Electronics and Spacelabs Medical. Industry players are focusing on R&D to develop superior telemetry devices, enabling precise, affordable close monitoring procedures to fulfil increasing customer demand. Strategic partnership, collaboration and agreements are some of the major strategies adopted by industry players to sustain competition in the market.
Health Telemetry Market By Type, 2014-2025 (USD Million)
- COPD telemonitoring systems
- Glucose level telemonitoring systems
- Blood pressure telemonitoring systems
- Cardiac & monitoring systems
Health Telemetry Market By Component, 2014-2025 (USD Million)
Health Telemetry Market By End-User, 2014-2025 (USD Million)
- Home care
- Long-term care centers
- Hospital care
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Astro Med
- GE Healthcare
- Lindsay Corporation
- Nihon Kohden
- Philips Healthcare
- Shenzhen Mindray Bio-Medical electronics
- Spacelabs Medical
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