Global Telemetry Market Is Estimated To Witness High Growth Owing To Implementation Of Smart Devices And Growing Prevalence Of Cardiovascular Disorders

 

Global Telemetry Market

Overview:

Telemetry is a highly automated communications process in which measurements or other data are collected at remote or otherwise inaccessible points and automatically transmitted to equipment for monitoring. Typically, telemetry is transferred through a variety of wireless or hybrid communication media, including satellites, radio, computer networks, cable and infrared and ultrasonic systems. Internet of Things (IoT) devices can send telemetry data from smart meters, automobiles and other machines, as well as consumer electronics. In software development, telemetry collects data that provides insights into application performance and user experiences. It can help developers optimize applications, cut costs and improve security. It can also give users a better experience by displaying information that makes sense to them based on their own behavior. Telemetry data from medical devices like implanted heart monitors or body-worn oximetry transmitters can be controlled and read by healthcare professionals with physician-programming devices and patients with handheld devices.

Market Dynamics:

Increasing acquisitions by key players is estimated to augment growth of the global telemetry market during the forecast period. For instance, a German technology group Rohde & Schwarz acquired a Swiss manufacturer of test and measurement equipment Zurich Instr uments, in March 2021. This acquisition will enhance Rohde & Schwarz’s portfolio of high-end test and measurement solutions. Moreover, lack of unskilled workers, and rising maintenance costs are anticipated to restrain growth of the global telemetry market during the forecast period.

Impact of COVID-19:

The pandemic was first reported in 2019 in China. It affected several sectors of society. In 2020, the World Health Organization had to declare it as a public health emergency. This resulted in imposition of strict nationwide lockdowns in many nations. Many manufacturers had to halt their production activities as there was a shortage of raw materials globally. Several sectors were also facing supply chain disruptions, which caused a delay. However, there was an increase in demand for telemetry, as people were using various medical devices for monitoring patients and their well-being. Thus, the pandemic had a positive impact on the growth of the global telemetry market.

Key Takeaways:

The global telemetry market is expected to witness robust growth, exhibiting CAGR of 12.1 % over the forecast period, due to increasing product launches. For instance, the VitalPatch RTM mobile cardiac telemetry solution was launched by VitalConnect in May 2021.

North America is anticipated to witness robust growth in the global telemetry market during the forecast period, due to growing technological advancements and increasing prevalence of cardiovascular disease.

Key players active in the global telemetry market are Leonardo S.p.A, Schneider Electric SE, BioTelemetry Inc, Honeywell International Inc, Kongsberg Gruppen, Philips Healthcare, Nihon Kohden Corporation, Philips Healthcare, Spacelabs Medical Inc, GE Healthcare, L3Harris Technologies Inc., AstroNova Inc, IBM Corp., Bayerische Motoren Werke AG (BMW), IBM Corp., Lindsay Corporation, Rogers Communications Inc., and Schlumberger Ltd.