Holter ECG Monitoring Market by Component, Lead Type, and End User, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580496
  • Report
  • Region: Global
  • 250 pages
  • Allied Analytics LLP
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Holter monitors are devices that allow prolonged monitoring of heart rhythm from a few days to several months, enabling the detection of infrequent arrhythmias in patients. In addition, holter monitors help identify ventricular tachycardia (VT) in patients with recognized risk of sudden cardiac death. Portability of holter monitors significantly propel the market growth as they can be easily worn by the patients to record heart activity for a certain period of time. The global holter ECG monitoring market was valued at $226.5 million in 2016 and is expected to reach $418.3 million by 2023, registering a CAGR of 9.1% from 2017 to 2023.

Considerable rise in the incidence of cardiovascular diseases, increase in prevalence of heart stroke, growth in the number of patients suffering from hypertension, and obesity contribute to the market growth. In addition, rise in the technological advancements and rise in awareness about feasible use of these devices are the key factors that drive the market growth. However, lack of trained professionals, inappropriate health care infrastructure, and unsteady reimbursement policies are expected to hamper the market growth. Moreover, advanced holter monitors with better sensitive algorithms for automatic detection of arrhythmias is expected to create tremendous growth opportunities for the market in near future.

The global holter monitoring market is categorized based on component, lead type, and end user. Based on component, it is segmented into wired holter monitor, wireless holter monitor, and holter analysis system & software. Based on lead type, it is classified into patch type 1 lead holter monitor, 3 lead holter monitor, 6 lead holter monitor, 12 lead holter monitor, and others. Based on end user segment, it is classified into hospital & clinic, home setting & ambulatory surgical center (ASCS), and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY MARKET BENEFITS

This report offers a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
The market estimations provided in this report are based on comprehensive analysis of the key developments in the industry.
In-depth analysis, based on region, facilitates in analyzing the regional market to assist in strategic business planning.
The development strategies adopted by key manufacturers are enlisted in the report to understand the competitive scenario of the market.

KEY MARKET SEGMENTS

By Component

Wired Holter Monitor
Wireless Holter
Holter Analysis System & Software

By Lead Type

Patch Type 1 Lead Holter Monitor
3 Lead Holter Monitor
6 Lead Holter Monitor
12 Lead Holter Monitor
Others

By End User

Hospital and Clinic
Home Setting & Ambulatory Surgical Center (ASC)
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Egypt
Saudi Arabia
Rest of LAMEA

KEY PLAYERS PROFILED

Royal Philips Healthcare
GE Healthcare
Nihon Kohden Corporation
Mortara Instrument, Inc.
Fukuda Denshi Co Ltd.
Welch Allyn
Schiller AG
Mindray Medical International Limited
Medtronic Plc
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porters five forces analysis
3.4. Market share analysis, 2016
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Soaring demand for home & point of care testing
3.5.1.2. Increase in the transition towards preventive healthcare
3.5.1.3. Upsurge in aging population susceptible to cardiac abnormalities
3.5.2. Restraints
3.5.2.1. Unfavorable economic conditions and market saturation
3.5.2.2. Lack of trained professionals performing Holter ECG monitoring
3.5.3. Opportunity
3.5.3.1. Significant developments regarding digital holter monitoring

CHAPTER 4: HOLTER ECG MONITORING MARKET, BY COMPONENT
4.1. Overview
4.1.1. Market size and forecast
4.2. Wired Holter Monitors
4.2.1. Key trends and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis, by country
4.3. Wireless Holter Monitors
4.3.1. Key trends and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis, by country
4.4. Holter Analysis Systems & Software
4.4.1. Key trends and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis, by country

CHAPTER 5: HOLTER ECG MONITORING MARKET, BY LEAD TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Patch type single lead holter monitors
5.2.1. Market size and forecast
5.2.2. Market analysis, by country
5.3. 3 lead holter monitors
5.3.1. Market size and forecast
5.3.2. Market analysis, by country
5.4. 6 lead holter monitors
5.4.1. Market size and forecast
5.4.2. Market analysis, by country
5.5. 12 lead holter monitors
5.5.1. Market size and forecast
5.5.2. Market analysis, by country
5.6. Other Lead Types
5.6.1. Market size and forecast
5.6.2. Market analysis, by country

CHAPTER 6: HOLTER ECG MONITORING MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Hospitals & Clinics
6.2.1. Market size and forecast
6.2.2. Market analysis, by country
6.3. Home Settings & Ambulatory Surgical Centers (ASCs)
6.3.1. Market size and forecast
6.3.2. Market analysis, by country
6.4. Other End User
6.4.1. Market size and forecast
6.4.2. Market analysis, by country

CHAPTER 7: HOLTER ECG MONITORING MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. North America market size and forecast, by country
7.2.2.1. U.S. market size and forecast, by component
7.2.2.2. U.S. market size and forecast, by lead type
7.2.2.3. U.S. market size and forecast, by end user
7.2.2.4. Canada market size and forecast, by component
7.2.2.5. Canada market size and forecast, by lead type
7.2.2.6. Canada market size and forecast, by end user
7.2.2.7. Mexico market size and forecast, by component
7.2.2.8. Mexico market size and forecast, by lead type
7.2.2.9. Mexico market size and forecast, by end user
7.2.3. North America market size and forecast, by component
7.2.4. North America market size and forecast, by lead type
7.2.5. North America market size and forecast, by end user
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Europe market size and forecast, by country
7.3.2.1. Germany market size and forecast, by component
7.3.2.2. Germany market size and forecast, by lead type
7.3.2.3. Germany market size and forecast, by end user
7.3.2.4. UK market size and forecast, by component
7.3.2.5. UK market size and forecast, by lead type
7.3.2.6. UK market size and forecast, by end user
7.3.2.7. France market size and forecast, by component
7.3.2.8. France market size and forecast, by lead type
7.3.2.9. France market size and forecast, by end user
7.3.2.10. Italy market size and forecast, by component
7.3.2.11. Italy market size and forecast, by lead type
7.3.2.12. Italy market size and forecast, by end user
7.3.2.13. Spain market size and forecast, by component
7.3.2.14. Spain market size and forecast, by lead type
7.3.2.15. Spain market size and forecast, by end user
7.3.2.16. Rest of Europe market size and forecast, by component
7.3.2.17. Rest of Europe market size and forecast, by lead type
7.3.2.18. Rest of Europe market size and forecast, by end user
7.3.3. Europe market size and forecast, by component
7.3.4. Europe market size and forecast, by lead type
7.3.5. Europe market size and forecast, by end user
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Asia-Pacific market size and forecast, by country
7.4.2.1. Japan market size and forecast, by component
7.4.2.2. Japan market size and forecast, by lead type
7.4.2.3. Japan market size and forecast, by end user
7.4.2.4. China market size and forecast, by component
7.4.2.5. China market size and forecast, by lead type
7.4.2.6. China market size and forecast, by end user
7.4.2.7. India market size and forecast, by component
7.4.2.8. India market size and forecast, by lead type
7.4.2.9. India market size and forecast, by end user
7.4.2.10. Australia market size and forecast, by component
7.4.2.11. Australia market size and forecast, by lead type
7.4.2.12. Australia market size and forecast, by end user
7.4.2.13. Rest of Asia-Pacific market size and forecast, by component
7.4.2.14. Rest of Asia-Pacific market size and forecast, by lead type
7.4.2.15. Rest of Asia-Pacific market size and forecast, by end user
7.4.3. Asia-Pacific market size and forecast, by component
7.4.4. Asia-Pacific market size and forecast, by lead type
7.4.5. Asia-Pacific market size and forecast, by end user
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. LAMEA market size and forecast, by country
7.5.2.1. Brazil market size and forecast, by component
7.5.2.2. Brazil market size and forecast, by lead type
7.5.2.3. Brazil market size and forecast, by end user
7.5.2.4. South Africa market size and forecast, by component
7.5.2.5. South Africa market size and forecast, by lead type
7.5.2.6. South Africa market size and forecast, by end user
7.5.2.7. Egypt market size and forecast, by component
7.5.2.8. Egypt market size and forecast, by lead type
7.5.2.9. Egypt market size and forecast, by end user
7.5.2.10. Saudi Arabia market size and forecast, by component
7.5.2.11. Saudi Arabia market size and forecast, by lead type
7.5.2.12. Saudi Arabia market size and forecast, by end user
7.5.2.13. Rest of LAMEA market size and forecast, by component
7.5.2.14. Rest of LAMEA market size and forecast, by lead type
7.5.2.15. Rest of LAMEA market size and forecast, by end user
7.5.3. LAMEA market size and forecast, by component
7.5.4. LAMEA market size and forecast, by lead type
7.5.5. LAMEA market size and forecast, by end user

CHAPTER 8: COMPANY PROFILES
8.1. GE Healthcare
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key Business Strategy
8.2. Koninklijke Philips N.V.
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key Strategic Moves:
8.3. MEDTRONIC PLC
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segment
8.3.4. Business performance
8.3.5. Key Strategic Moves
8.4. Mindray Medical International Limited
8.4.1. Company overview
8.4.2. Operating business segment
8.4.3. Key strategic moves and developments
8.5. NIHON KOHDEN CORPORATION
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.6. Schiller AG
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segment
8.6.4. Key strategic moves and developments
8.7. Hill Rom Holdings, Inc.
8.7.1. Company overview
8.7.2. Hill Rom: Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.8. Fukuda Denshi Co Ltd.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segment
8.9. OSI SYSTEMS, INC.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.10. BPL Medical Technologies
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
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According to a new report titled, Holter ECG Monitoring Market by Component, Lead Type, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global holter ECG monitoring market was valued at $226.5 million in 2016 and is projected to reach $418.3 million by 2023, growing at a CAGR of 9.1% from 2017 to 2023. The holter ECG monitoring-mounted design segment accounted for half of the total market share in 2016.

Heart-associated disorders is the leading cause of death worldwide, with the evidence of approximately 2,200 men and women succumb to cardiovascular diseases every year, which has surpassed all forms of cancer-related deaths combined so far in the U.S. alone. Thus, combating the problem of increase in incidence of heart diseases has become the focus of the medical community over the years. This demands continuous monitoring of heart rhythm, which attracts several manufacturers to introduce advanced holter monitors in the market.

Pocket size holter monitors have gained immense traction over the years, which contributes to the growth of the market. Clinicians around the globe are known to face the most compelling challenges in reducing cardiovascular deaths, one of which is the identification of patients that are at highest risk for sudden cardiac death. It is essential that the patients susceptible to sudden cardiac deaths can be detected as early as possible to start with the suitable therapies and prevention measures. This is where holter monitoring plays a pivotal role; it records the ECG values during the day and night phases, which is essential for a safe diagnosis and therapy control.

Based on the component the global market is classified into wired holter monitors, wireless holter monitors, and holter analysis systems & software. Holter analysis systems & software have witnessed immense technological advancements in the recent years, which contributes to the highest growth rate of this segment in the global market during the forecast period. Streamlining the management of data retrieved from holter ECG monitors is essential for better diagnosis of cardiovascular diseases. This fuels the growth for holter analysis software and systems (with integrated software solutions) that enables the patients or physicians to upload ECG data. Further, the collected ECG data is automatically analyzed for heart conditions.

Based on lead type, the market is divided into patch type single lead holter monitors, 3 lead holter monitors, 6 lead holter monitors, 12 lead holter monitors, and other lead types. Patch type single lead holter monitors have registered the fastest growth rate during the forecast period. Whereas, 12 lead holter monitors have dominated the global market in 2016 and is anticipated to continue this trend throughout the forecast period. In depth monitoring of heart activity of cardiac patients performed by 12 lead holter ECGs has increased its utilization over the years.

Key findings of the Holter ECG Monitoring Market:

The wired holter monitors segment has dominated the global market in 2016 and is expected to maintain this dominance throughout the forecast period.
6 lead holter monitors have garnered second largest revenue among the lead types in 2016 and is expected to maintain this trend throughout the forecast period.
North America dominated the global holter ECG monitoring market, accounting for maximum share in 2016, and is expected to retain the same trend during the forecast period.
Home settings & ambulatory surgical centers (ASCs) is estimated to exhibit the highest CAGR of 9.3% from 2017 to 2023 among the end users in the global market.

Asia-Pacific region is expected to witness the highest growth rate throughout the forecast period. The region offers lucrative opportunities for players that operate in the holter ECG monitoring market, due to its high population base, increase in disposable incomes, and improvement in patient awareness towards preventive care of cardiovascular diseases. In addition, countries such as India and China serve as the major contributors, as the holter ECG monitoring market is continuously evolving in these countries.

The major companies profiled in this report include GE Healthcare (General Electric Company), Royal Philips Healthcare (Koninklijke Philips N.V.), Nihon Kohden Corporation, Medtronic Plc, Fukuda Denshi Co Ltd., Hill-Rom Company, Inc. (Welch Allyn), Schiller AG, Mindray Medical International Limited, and BPL Medical Technologies. Other prominent players in the value chain include Compumed Inc., Cardionet Inc., Bionet, Cardiac Science, Midmark Corporation, Amedtec Medizintechnik Aue GmbH, Opto Circuits Limited, OSI Systems, and Spacelabs Healthcare Inc.
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