Telemetry Market Industry Is Booming Across the Globe Explore the Latest Research

Telemetry Market Industry Is Booming Across the
Globe Explore the Latest Research
Telemetry Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively analyze their market share and core
competencies.
Telemetry is an automated communications process in which information is collected from the
remote terminals and then transmitted to the receiving points to be monitored and analysed.
This data is transmitted through ultrasonic, audio, infrared, GSM, and satellite that depends on
its area of application. Increasing demand for data access from remote locations in order to
maintain centralized database of the organisations, which in turn, helps organizations make
better decisions, and save time as well as resources. These factors are expected to witness
lucrative growth of the market during the forecast period.
Proliferation of telemetry device in the healthcare sector is one of the major factors driving
growth of the market. The major factor attributed towards growth of the telemetry market is the
increasing adoption of these devices in the healthcare sector for monitoring cardiac
abnormalities. Rising prevalence of cardiovascular diseases and increasing mortality due to such
diseases across the globe is boosting demand for telemetry devices.
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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 realtime
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. 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 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
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
the Veterans Health Administration. Hence, all these factors help in propelling the demand for
telemetry in this region.

Global Telemetry Market: Competitive Landscape
Key players operating in the global telemetry market include are Siemens AG, GE Healthcare,
Astro-Med, Inc., Rogers Communications, Inc., Philips Healthcare, Verizon Communications, Inc.,
Honeywell International Inc., Biotelemetry, Inc., L-3 Communications Holdings Inc., and Sierra
Wireless, Inc.
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