Mobile Cardiac Telemetry Systems Market Size, Trends and Growth Analysis by 2027

The worldwide market for mobile cardiac telemetry systems is projected to grow significantly, reaching approximately US$ 1,546.4 million by 2027, up from US$ 564.8 million in 2018. This growth trajectory indicates a compound annual growth rate (CAGR) of 9.5% from 2019 to 2027.

The expansion of the mobile cardiac telemetry systems market can be largely attributed to the increasing incidence of cardiovascular diseases, the advantages of utilizing mobile cardiac telemetry (MCT) for patient monitoring, and the growing elderly demographic. Nevertheless, challenges such as stringent regulatory requirements for product approval and various technical issues related to MCT may hinder market growth. Conversely, the rise in medical tourism in developing countries is expected to positively influence the global mobile cardiac telemetry systems market in the near future.

The surge in the elderly population is a significant contributor to the prevalence of heart diseases. Older individuals are more susceptible to heart conditions due to weakened immune systems and other health complications. According to the United Nations' World Population Ageing 2017 report, there were 962 million people aged 60 and above globally in 2017, a figure projected to nearly double to around 2.1 billion by 2050. Additionally, the US Census Bureau forecasts that the number of Americans aged 65 and older will more than double from 46 million in 2016 to over 98 million by 2060, with this age group?s share of the global population increasing from 15% to approximately 24%. In 2017, Europe had the highest percentage of its population aged 60 and above, at 25%. Rapid aging is also occurring in other regions, with projections indicating that by 2050, all areas except Africa will have at least a quarter of their populations aged 60 and older. The global elderly population is expected to reach 1.4 billion by 2030 and 2.1 billion by 2050, potentially exceeding 3.1 billion by 2100. Older adults often present atypical symptoms, have multiple health conditions, and face worse health outcomes. The primary causes of these diseases are linked to the structural and functional changes in the cardiovascular system that accompany aging. Thus, the increasing elderly population is likely to drive the demand for mobile cardiac telemetry solutions in the coming years.

In 2018, the segment of mobile cardiac telemetry systems utilizing lead-based technology accounted for the largest market share, holding 60.1% of the overall market. This segment is expected to maintain its dominance through 2027, driven by advancements in ambulatory cardiac monitoring and a rising incidence of heart rhythm disorders. Furthermore, the patch-based segment is projected to experience the fastest growth rate of 12.7% during the forecast period from 2019 to 2027, thanks to innovations in wearable cardiac monitoring technology.

The global mobile cardiac telemetry systems market is categorized by end users, including hospitals, cardiac centers, and ambulatory surgical centers. The hospital segment is anticipated to grow at a CAGR of 12.7% throughout the forecast period. In hospital settings, electronic monitoring of vital signs, such as ECG, has become standard practice. ECG monitoring is crucial for healthcare professionals to assess and diagnose various cardiac issues and metabolic disorders. For example, hospitals employ ECG monitors for managing conditions like chest pain, heart attacks, and breathlessness, as well as during various cardiac surgical procedures. The increasing demand for cardiovascular surgical interventions is a key driver for the growth of mobile cardiac telemetry systems within hospitals during the forecast period. Additionally, this segment is expected to show the highest growth, reflecting a robust CAGR over the coming years.

Key primary and secondary sources utilized in the analysis of mobile cardiac telemetry systems include organizations such as the Dubai Health Authority (DHA), National Diagnosis-Related Group (DRG), European Heart Network (EHN), Fundaci?n Espa?ola del Coraz?n (FEC), Oswaldo Cruz Foundation (FIOCRUZ), Group Purchasing Organizations (GPOs), Health Authority of Abu Dhabi (HAAD), National Institute of Astrophysics, Optics and Electronics (INAOE), South African Society for Cardiovascular Research (SASCR), and the Saudi Heart Association (SHA), among others.