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.
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