Connected Health Is Fastest Growing Segment Fueling The Growth Of Global Telemetry Market



https://www.coherentmarketinsights.com/market-insight/global-telemetry-market-1824
Telemetry Market




Market Overview:
Telemetry devices help in remote transmission and measurement of biophysical data like temperature, heart rate, blood pressure, and other medical parameters. Telemetry solutions help overcome geographical barriers and enable healthcare providers to monitor patients' health in real-time.

The global Telemetry Market is estimated to be valued at US$ 150.51 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Miniaturization of telemetry devices is a key trend driving the global market. With advancements in technologies like IoT sensors and wireless devices, telemetry equipment has become more compact and easy to use. This allows for continuous monitoring of patients with minimal intrusion. Wearable tech integration is also gaining traction where vital stats can be monitored through integrated devices like patches and watches.

Segment Analysis
The global telemetry market is segmented into hardware, software, and service. The hardware segment dominates the market and is expected to witness significant growth over the forecast period. This is due to the growing adoption of telemetry hardware such as data loggers, sensors, transmitters, and receivers for monitoring diverse industrial and medical applications from remote locations.

Key Takeaways

The global Telemetry Market Size is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing demand for remote monitoring in various industries.

Regional analysis
North America dominates the global telemetry market and is expected to continue its dominance over the forecast period. This is attributed to the extensive adoption of telemetry systems across various verticals and presence of major players in the region. Asia Pacific is expected to grow at the fastest pace owing to rapid industrialization and increasing investments in emerging countries of the region.

Key players
Key players operating in the global telemetry market are Honeywell International Inc., Siemens AG, General Electric Company, and Schneider Electric SE. Honeywell is one of the leading players providing diverse hardware and software solutio ns for telemetry applications across various industries. Siemens offers scalable and secure solutions for remote condition monitoring and maintenance applications. General Electric provides asset performance management software and analytics tools integrated with telemetry systems. Schneider Electric delivers efficient monitoring and control solutions to enhance productivity and reliability.

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