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    Telecardiology Market Report

    Telecardiology Market Report
    Report code - SRHL290 Delivery - 2 Weeks
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    Global Telecardiology Market, Dynamics, and Market Analysis
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    Impact of COVID-19 on Telecardiology Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Telecardiology Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Telecardiology Market is expected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 16.5% during the forecast period.

    Figure: Global Telecardiology Market Size, 2020-2026 (USD Million)

    Telecardiology-Market-Forecast

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    What is Telecardiology?

    The telecardiology medical practice involves the usage of telecommunication for remote diagnosis and treatment of heart diseases such as chronic & acute heart disease, coronary disease, cardiac failure, arrhythmias, and sudden cardiac arrest.  The doctors and other healthcare providers use electrocardiographic data and provide specialist care to the patients in remote locations.

    Key Players

    Key players operating in the global Telecardiology Market are-

    • McKesson Corporation (The U.S),
    • BioTelemetry Inc. (The U.S),
    • Honeywell Life Care Solutions (The U.S),
    • BIOTRONIK SE & Co. KG (Germany),
    • AMD Global Telemedicine, Inc. (The U.S),
    • Philips Oral Healthcare, Inc. (The U.S),
    • GE Healthcare (The U.S),
    • Aerotel Medical Systems Ltd (Israel),
    • Meddiff Technologies Pvt. Ltd (Karnataka),
    • Telemed Solutions (The U.S), and
    • Siemens Healthineers AG (Germany).

    Market Dynamics

    The growth of the global telecardiology market is primarily driven by increasing incidences of cardiovascular diseases due to changing lifestyles and unhealthy eating habits.

    • Increasing investment in cardiology informatics, mobile solutions, and connected devices for improved cardiac care are likely to drive the market growth at a significant rate during the review period.
    • Increasing adoption of IT solutions in the healthcare sector is expected to create lucrative opportunities for the market players.
    • It provides a centralized platform to access cardiology-related medical data of the patients as and when required.

    Segment Analysis

    Product Type Trends

    Based on product type, the market has been segmented into IT services, telecom, software, and hardware.

    • The IT services segment accounted for the largest market share of around 40% in 2020 and is projected to register significant growth during the review period.
    • The segment growth can be attributed to increasing for improved consulting services in the telecardiology centres and hospitals.
    • It also helps to deliver services over the internet.

    Regional Trends

    Geographically, the market in North America accounted for the largest market share of more than 50% in 2020.

    • The regional market growth can be attributed to the increasing prevalence of cardiovascular diseases due to unhealthy lifestyles.
    • Additionally, increasing adoption of advanced IT solutions in the hospitals and cardiology centers is likely to propel the market growth significantly.
    • The market in Asia-Pacific is expected to grow at the fastest CAGR during the review period on account of rising consumer awareness and increasing incidences of cardiovascular diseases.

    COVID-19 Impact on Global Telecardiology Market

    Covid-19 outbreak impacted the growth of the telecardiology market positively as people were scared to move out due to fear of coronavirus infection and it became easier for both healthcare providers to diagnose and treat heart diseases remotely.

    Critical Questions Answered in the Report

    • What are the key trends in the global telecardiology market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on global telecardiology market?
    • What are the key strategies adopted by the major vendors to lead in the global telecardiology market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the global telecardiology market hopes to have the greatest opportunity to convert -

    • Telecardiology manufacturers
    • Telecardiology suppliers
    • Telecardiology distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The telecardiology market is expected to witness an impressive growth of 16.5% CAGR in the foreseeable future.

    McKesson Corporation (The U.S), BioTelemetry Inc. (The U.S), Honeywell Life Care Solutions (The U.S), BIOTRONIK SE & Co. KG (Germany), AMD Global Telemedicine, Inc. (The U.S), Philips Oral Healthcare, Inc. (The U.S), GE Healthcare (The U.S), Aerotel Medical Systems Ltd (Israel), Meddiff Technologies Pvt. Ltd (Karnataka), Telemed Solutions (The U.S) and Siemens Healthineers AG (Germany) are among the key players in the telecardiology market.

    North America accounted for the largest share in the telecardiology market in 2020.

    Asia-pacific is expected to grow at the fastest CAGR in the telecardiology market during the forecast period.

    Increasing incidences of cardiovascular diseases due to changing lifestyles and unhealthy eating habits, increasing investment in cardiology informatics, mobile solutions, and connected devices for improved cardiac care are the factors driving the growth of telecardiology market.

    Telecardiology manufacturers, Telecardiology suppliers, Telecardiology distributors, Organizations, Government bodies are the target audience in th telecardiology market.

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