boosting demand for telemetry devices. For instance, according to the American Heart
Association, in the U.S., in 2015, people suffering from cardiovascular disease was 84 million
and it has grown up to 86 million in 2017. This telemetry device evaluates the electrical impulses
generated by the polarization and depolarization of cardiac tissue and translates them into
waveform. This ultimately helps physicians to diagnose cardiac abnormalities along with size
and position of chambers. Telemetry devices are thus highly useful for addressing requirements
of patients who are highly susceptible to cardiac disorders. For instance, Moreover, these
devices are gaining significant traction and support from post-coronary care units and
ambulatory service providers. During an emergency situation, ambulatory care units with the
help of medical telemetry devices send real-time cardiac activities to hospitals or physicians,
which saves time and makes the entire rescue process free from difficulty and run
smoothly. These factors in turn, help boost growth of the telemetry market.
Among technologies, the wireless telemetry systems segment is expected to exhibit the
highest growth during the forecasted period
Among technologies, the wireless telemetry systems segment is expected to exhibit the highest
growth during the forecasted period. The factor attributed towards the growth of the segment
includes transferring data among the devices using radio waves and satellite, and Wi-Fi, Zig bee
protocol, which in turn makes it cost-effective as compare to wired technology. This factor is
thus expected to propel the demand for wireless technology-based telemetry devices during
the forecasted period (2018-2026).
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High cost of telemetry devices is one of the major restraining factors for the growth of the
market
High cost of telemetry devices is a major factor restraining growth of the market. For instance,
ECG telemetry used in the healthcare sector, which enables continuous monitoring of the
patient, costs around US$ 300. Moreover, the price of the telemetry communication system is
US$ 4475.27.
Global Telemetry Market: Regional Insights
The telemetry market in North America accounted the largest market share in 2016 and
expected to retain its dominance during the forecasted period, owing to rising incidence of