Medical Telemetry Market Research Report - Forecast till 2027

Medical Telemetry Market Research Report, by Component (Hardware, Software, Integrated, Standalone, Service (Real-time, Store and Forward, Remote Monitoring), Application (Radiology, Cardiology, Urgent Care, Remote ICU, Psychiatry, Dermatology), End User (Payers, Providers, Patients) - Forecast till 2027

ID: MRFR/HC/6364-HCR | February 2021 | Region: Global | 160 pages

Medical Telemetry Market Overview


The medical telemetry market is projected to grow significantly over the forecast period. It is estimated that the medical telemetry market is expected to register a CAGR of ~21% during the forecast period of 2019 to 2024.


Telemetry is the programmed solution that allows an automated communication process through wireless transmission from various remote sources. Medical telemetry equipment is used for monitoring the environmental situation and for handling complex infrastructure. The information is gathered by employing sensors like pressure sensors, temperature sensors, electric data voltage sensors, resistance sensors, and others. Medical Telemetry system’s major applications are healthcare, energy utility area, oil and gas drilling, agriculture, and others.


These are also used for monitoring the patient’s vital organs like pulse and respiration. Radiofrequency communication is used for transmission between patient and central monitoring systems.


COVID-19 Analysis:


The COVID-19 pandemic situation changes everything in the world. It shows a negative impact on most of the sectors by shutting down the manufacturing industries, transportation bans, education system stoppage, and many more. To curb the spread of the coronavirus, most of the emerging country’s governments imposed strict regulations like lockdowns, transportation bans, maintaining social distance, retailer shops off, and manufacturing industries shutdowns. Due to the lockdowns, the manufacturing industries are facing a lot of issues like lack of labor, shortage of raw materials, supply chain disruptions, and others leads to stoppage of production.


The medical telemetry market is also little impacted due to the pandemic, further rapidly it increases the growth of the market by its advantages. It is mostly used for gathering pressure sensors, temperature sensors, electric data voltage sensors, and others majorly in hospitality applications. This medical telemetry unit is very helpful in this pandemic situation and hence increases the growth of the market.


Market Dynamics:


Drivers:


The growing adoption of telemetry devices in the healthcare sector to monitor cardiac abnormalities is one of the factors that drive the medical telemetry market. Owing to the rise in diseases growing prevalence of cardiovascular diseases and increasing mortality across the globe is increasing the demand for cardiac telemetry units and hence propels the global market.


Moreover, these devices are majorly used for addressing the patient requirements who are highly susceptible to cardiac disorders. Apart, the usage of cloud computing coupled with the rising adoption of smart devices with big data is boosting the medical telemetry market growth. The rise in awareness regarding the telemetry systems among the patients and healthcare practitioners to adopt the advanced technology products may foster the growth of wireless medical telemetry services.


Restraint:


A huge initial investment is required for the medical telemetry devices which are hindering the market growth.


Opportunities:


The constant introduction of advanced technologies and untapped potential in emerging countries provides the opportunity to accelerate the growth of telemetry in the medical field market.


Challenges:


The regulatory issues, lack of awareness, and shortage of skilled labor are the challenges of the medical telemetry market.


Medical Telemetry Market Share (%), by Region, 2017


Medical Telemetry Market
Sources: Centers for Disease Control and Prevention (CDC), US Department of Health and Human Services, National Institutes of Health


It is projected that the Americas dominated the medical telemetry market owing to the growth of the market in the North American region. This is largely attributed to factors such as well-established healthcare infrastructure and the increase in adoption of telehealth systems across various healthcare settings will support market growth in this region.


Europe is expected to hold the second largest share in the medical telemetry market owing to the introduction of advanced telemetry devices and quality of existing and new medical indications.


Asia-Pacific was projected to be the fastest growing region for the medical telemetry market. With the effective image transfer, consistent evolution in information and communication technologies, in the region by advanced technology countries such as Japan and China, the awareness about telemetry has increased. The Middle East and Africa holds the least share in the medical telemetry market due to the presence of economically diverse countries, and fewer initiatives taken by the government.


Medical Telemetry Market, by Component



  • Hardware

  • Software

    • Integrated

    • Standalone




Medical Telemetry Market, by Service



  • Real-time

  • Store and Forward

  • Remote Monitoring


Medical Telemetry Market, by Application



  • Radiology

  • Cardiology

  • Urgent Care

  • Remote ICU

  • Psychiatry

  • Dermatology


Medical Telemetry Market, by End User



  • Payers

  • Providers

  • Patients


Medical Telemetry Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • The Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Telemetry manufacturers

  • Distributors/traders/wholesalers

  • Medical telemetry subcomponent manufacturers

  • Raw material suppliers

  • Research consultants

  • Investment research firms

  • Industry association

  • Government institutions

  • Research and development (R&D) companies



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   21% (2019-2024)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Service, Application, and End user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Siemens AG, GE Healthcare, Astro-Med, Inc., Philips Healthcare, Lindsay Corporation, Honeywell International Inc., IBM Corp, Finmeccanica SPA. Medtronic, BioTelemetry Inc., Applied Cardiac Systems, Inc, Medicomp Inc, Preventice Services, LLC, The Scottcare Corporation, Medi-Lynx (Subsidiary of Medicalgorithmics, S.A), Zoll Medical Corporation, Welch Allyn, and Telerhythmics, LLC, and others
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Growing incidents of cardiovascular disorder
  • Increasing awareness among patients and healthcare practitioner
  • Technologically advanced products


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    Frequently Asked Questions (FAQ) :


    Medical Telemetry Marketis expected to exhibit a strong 21% CAGR over the forecast period from 2019 to 2024.

    The growing incidence of cardiovascular conditions is the leading driver for the medical telemetry market.

    The high cost of medical telemetry systems is the key restraint on the global medical telemetry market.

    The Americas dominate the global medical telemetry market.

    Leading players in the medical telemetry market include Honeywell, IBM, GE Healthcare, Siemens, Philips, Medtronic, and Lindsay Corporation, among others.

    Table of Contents:

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Overview

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    Chapter 6. Global Medical Telemetry Market, by Component

    6.1 Overview

    6.2 Hardware

    6.3 Software

    6.3.1 Integrated

    6.3.2 Standalone

    Chapter 7. Global Medical Telemetry Market, by Service

    7.1 Overview

    7.2 Real-time

    7.3 Store and Forward

    7.4 Remote Monitoring

    Chapter 8. Global Medical Telemetry Market, by Application

    8.1 Overview

    8.2 Radiology

    8.3 Cardiology

    8.4 Urgent Care

    8.5 Remote ICU

    8.6 Psychiatry

    8.7 Dermatology

    Chapter 9. Global Medical Telemetry Market, by End User

    9.1 Overview

    9.2 Payers

    9.3 Providers

    9.4 Patients

    Chapter 9. Global Medical Telemetry Market, by Region

    9.1 Introduction

    9.2 Americas

    9.2.1 North America

    9.2.1.1 US

    9.2.1.2 Canada

    9.2.2 Latin America

    9.3 Europe

    9.3.1 Western Europe

    9.3.1.1 Germany

    9.3.1.2 France

    9.3.1.3 Italy

    9.3.1.4 Spain

    9.3.1.5 UK

    9.3.1.6 Rest of Western Europe

    9.3.2 Eastern Europe

    9.4 Asia-Pacific

    9.4.1 Japan

    9.4.2 China

    9.4.3 India

    9.4.4 Australia

    9.4.5 South Korea

    9.4.6 Rest of Asia-Pacific

    9.5 Middle East & Africa

    9.5.1 Middle East

    9.5.2 Africa

    Chapter 10. Company Landscape

    10.1 Introduction

    10.2 Market Share Analysis

    Chapter 11. Company Profiles

    11.1 Siemens AG

    12.1.1 Company Overview

    12.1.2 Product Overview

    12.1.3 Financials Overview

    12.1.4 Key Developments

    12.1.5 SWOT Analysis

    12.2 GE Healthcare

    12.3 Astro-Med, Inc.

    12.4 Philips Healthcare

    12.5 Finmeccanica SPA

    12.6 Honeywell International Inc.

    12.7 Biotelemetry, Inc.

    12.8 IBM Corp

    12.9 Lindsay Corporation

    12.10 Spacelabs Medical

    12.11 Nihon Kohden

    12.12 Kongsberg Gruppen

    12.13 Others

    Chapter 12 Appendix


    LIST OF TABLES

    TABLE 1 GLOBAL MEDICAL TELEMETRY MARKET SYNOPSIS, 2020–2027

    TABLE 2 GLOBAL MEDICAL TELEMETRY MARKET ESTIMATES AND FORECAST, 2020–2027 (USD MILLION)

    TABLE 3 GLOBAL MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 4 GLOBAL MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 5 GLOBAL MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 6 GLOBAL MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 7 GLOBAL MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027(USD MILLION)

    TABLE 8 NORTH AMERICA: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 9 NORTH AMERICA: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 10 NORTH AMERICA: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 11 NORTH AMERICA: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 12 NORTH AMERICA: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 13 US: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 14 US: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 15 US: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 16 US: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 17 US: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 18 CANADA: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 19 CANADA: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 20 CANADA: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 21 CANADA: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 22 CANADA: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 23 SOUTH AMERICA: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 24 SOUTH AMERICA: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 25 SOUTH AMERICA: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 26 SOUTH AMERICA: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 27 SOUTH AMERICA: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 28 EUROPE: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 29 EUROPE: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 30 EUROPE: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 31 EUROPE: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 32 EUROPE: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 33 WESTERN EUROPE: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 34 WESTERN EUROPE: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 35 WESTERN EUROPE: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 36 WESTERN EUROPE: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 37 WESTERN EUROPE: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 38 EASTERN EUROPE: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 39 EASTERN EUROPE: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 40 EASTERN EUROPE: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 41 EASTERN EUROPE: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 42 EASTERN EUROPE: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 43 ASIA-PACIFIC: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 44 ASIA-PACIFIC: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 45 ASIA-PACIFIC: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 46 ASIA-PACIFIC: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 47 ASIA-PACIFIC: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    TABLE 48 MIDDLE EAST & AFRICA: MEDICAL TELEMETRY MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

    TABLE 49 MIDDLE EAST & AFRICA: MEDICAL TELEMETRY MARKET, BY SERVICE, 2020–2027 (USD MILLION)

    TABLE 50 MIDDLE EAST & AFRICA: MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

    TABLE 51 MIDDLE EAST & AFRICA: MEDICAL TELEMETRY MARKET, BY END USER, 2020–2027 (USD MILLION)

    TABLE 52 MIDDLE EAST & AFRICA: MEDICAL TELEMETRY MARKET, BY REGION, 2020–2027 (USD MILLION)

    LIST OF FIGURES

    FIGURE 1 RESEARCH PROCESS

    FIGURE 2 SEGMENTATION FOR GLOBAL MEDICAL TELEMETRY MARKET

    FIGURE 3 MARKET DYNAMICS FOR GLOBAL MEDICAL TELEMETRY MARKET

    FIGURE 4 GLOBAL MEDICAL TELEMETRY MARKET SHARE, BY COMPONENT, 2020 (%)

    FIGURE 5 GLOBAL MEDICAL TELEMETRY MARKET SHARE, BY SERVICE, 2020 (%)

    FIGURE 6 GLOBAL MEDICAL TELEMETRY MARKET, BY APPLICATION, 2020 (%)

    FIGURE 7 GLOBAL MEDICAL TELEMETRY MARKET SHARE, BY END USER, 2020 (%)

    FIGURE 8 GLOBAL MEDICAL TELEMETRY MARKET SHARE, BY REGION, 2020 (%)

    FIGURE 9 NORTH AMERICA: MEDICAL TELEMETRY MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 10 EUROPE: MEDICAL TELEMETRY MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 11 ASIA-PACIFIC: MEDICAL TELEMETRY MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 12 MIDDLE EAST & AFRICA: MEDICAL TELEMETRY MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 13 GLOBAL MEDICAL TELEMETRY MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

    FIGURE 14 SIEMENS AG: KEY FINANCIALS

    FIGURE 15 SIEMENS AG: SEGMENTAL REVENUE

    FIGURE 16 SIEMENS AG: GEOGRAPHICAL REVENUE

    FIGURE 17 PHILIPS HEALTHCARE: KEY FINANCIALS

    FIGURE 18 PHILIPS HEALTHCARE: SEGMENTAL REVENUE

    FIGURE 19 PHILIPS HEALTHCARE: GEOGRAPHICAL REVENUE

    FIGURE 20 FINMECCANICA SPA: KEY FINANCIALS

    FIGURE 21 FINMECCANICA SPA: SEGMENTAL REVENUE

    FIGURE 22 FINMECCANICA SPA: GEOGRAPHICAL REVENUE

    FIGURE 23 HONEYWELL INTERNATIONAL INC.: KEY FINANCIALS

    FIGURE 24 HONEYWELL INTERNATIONAL INC.: SEGMENTAL REVENUE

    FIGURE 25 HONEYWELL INTERNATIONAL INC.: GEOGRAPHICAL REVENUE

    FIGURE 26 BIOTELEMETRY, INC: KEY FINANCIALS

    FIGURE 27 BIOTELEMETRY, INC: SEGMENTAL REVENUE

    FIGURE 28 BIOTELEMETRY, INC: GEOGRAPHICAL REVENUE

    FIGURE 29 LINDSAY CORPORATION: KEY FINANCIALS

    FIGURE 30 LINDSAY CORPORATION: SEGMENTAL REVENUE

    FIGURE 31 LINDSAY CORPORATION: GEOGRAPHICAL REVENUE

    FIGURE 32 NIHON KOHDEN: KEY FINANCIALS

    FIGURE 33 NIHON KOHDEN: SEGMENTAL REVENUE

    FIGURE 34 NIHON KOHDEN: GEOGRAPHICAL REVENUE

    FIGURE 35 ASTRO-MED, INC: KEY FINANCIALS

    FIGURE 36 ASTRO-MED, INC: SEGMENTAL REVENUE

    FIGURE 37 ASTRO-MED, INC: GEOGRAPHICAL REVENUE

    FIGURE 38 GE HEALTHCARE: KEY FINANCIALS

    FIGURE 39 GE HEALTHCARE: SEGMENTAL REVENUE

    FIGURE 40 GE HEALTHCARE: GEOGRAPHICAL REVENUE



    This table of content is tentative and subject to change as the research progresses.

    Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.