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).
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.
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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
cardiovascular disorders in this region. For instance, according to the CDC (Centre for Disease
Control and Prevention) analysis, in the U.S. around 610,000 people died from heart disease
every year. Therefore, increasing awareness among patients and healthcare practitioners
regarding telemetry devices, in turn is expected to help in minimising death due to heart attacks
by offering real-time monitoring, which in turn, helps propel growth of the regional telemetry
market. Additionally, government initiatives towards development of new hospitals is another
factor propelling the growth of the market. For instance, according to the WHO (World Health
Organisation), in 2013, 64% of health spending was paid for by the government with the help of
following programs such as Medicare, Medicaid, the Children's Health Insurance Program, and