In terms of revenue, the Global Health Telemetry Systems Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 12.2% from 2023 to 2030.
The market refers to the technology and devices that remotely monitor and transmit patient health data. This includes wearable devices, sensors, and mobile applications that track various health parameters, such as heart rate, blood pressure, oxygen levels, temperature, and more.
These devices are typically connected to a centralized system or data platform, which allows healthcare professionals to monitor and analyze patient data, provide timely interventions, and make informed decisions about patient care. s aim to enable continuous monitoring and personalized healthcare that improves patient outcomes, reduces hospital readmissions, and enhances the overall quality of care.
The market for s is increasing due to several factors. The rising incidence of chronic conditions like cardiovascular disease, diabetes, and respiratory problems is a significant contributing cause. These conditions require regular monitoring and management, which s can facilitate. Additionally, the aging population and growing demand for remote patient monitoring are driving the adoption of these systems.
Key Highlights from the Report
- Based on Type, the Glucose Level Telemonitoring System segment is expected to dominate the Health Telemetry Systems market owing to the increasing prevalence of diabetes, technological advancements, convenience, and comfort offered by telemonitoring systems.
- Based on the Application, the Home Care Setting segment is expected to see significant expansion during the forecast period owing to the surge in demand for remote patient monitoring and the incidence of chronic diseases.
- Based on Region, North America holds the significant market share within the Health Telemetry Systems market in 2022 owing to the dependable healthcare infrastructure and a rise in the use of telehealth technologies in a number of healthcare settings.
The market for s has expanded in part because of developments in wireless communication technologies and the rising popularity of smartphones, tablets, and other mobile devices. These technologies enable the transmission of medical data from patients' monitoring devices to healthcare providers' systems in real-time, allowing for timely analysis and intervention. This real-time data transmission and analysis capability is significant in emergencies or for patients with critical health conditions.
Moreover, the COVID-19 pandemic has further accelerated the adoption of s. Healthcare providers are increasingly using remote monitoring tools to check on their patient’s health from a distance to avoid social contact and lower the chance of contracting the virus. This trend is expected to continue even after the pandemic has subsided, as healthcare systems recognize the benefits of remote patient monitoring in terms of improved efficiency, reduced healthcare costs, and enhanced patient outcomes.
North America has witnessed significant growth in 2022 and is anticipated to continue growing in the coming years. The increasing adoption of digitalization in the healthcare sector, coupled with the rising geriatric population and chronic diseases, has driven the market growth in this region. Furthermore, the advent of advanced healthcare wearables and mobile health applications has also fuelled North America's market development. These devices and applications enable patients to monitor their health in real time and share the data with healthcare professionals. This improves patient engagement and allows early detection and intervention, leading to better disease management.
The Global Health Telemetry Systems Market is Segmented as follows
- COPD Telemonitoring System
- Glucose Level Telemonitoring System
- Blood Pressure Telemonitoring System
- Cardiac & Monitoring System
- Other Types
- Home Care Setting
- Long-term Care Centers
- Hospice Care
- Other Applications
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Health Telemetry Systems Market is
ChronicWatch Software (U.S.), Honeywell Corporation (U.S.), Tytocare (U.S.), Meytec (Germany), GE Healthcare (U.S.), Phillips Healthcare (Netherlands), Comarch SA (Poland), Cisco Systems (U.S.), Mindray Global (China)
The Global Health Telemetry Systems Market Scope can be Tabulated as below
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|