Global Holter Market Size, Trends & Growth Opportunity, By Component (Wireless Holter, Wired Holter, and Holter Analysis System & Software), By Product Type (1-Channel, 2-Channel, 3-Channel, and 12-Channel), By End user (Hospitals, Ambulatory Surgical Centers, Clinics, and Homecare Settings), By Region and Forecast till 2027.
The Global Holter Market was valued at USD 7.99 billion in 2020 which expected to reach USD 12.14 billion by 2027, at a CAGR of 6.11% from 2020-2027.
Holter is defined as the ECG Holter monitoring device which is portable, ambulatory device used to monitor heart activity. It comprises electrodes & small equipment which is hung around the neck of the patient or attached to their waist belt. The Holter monitoring devices measures the ECG of the patient for 24-28 hours. These devices are suggested by doctors if the patient shows symptoms of irregular heartbeats. The Holter monitoring system is non-invasive, battery-powered & records the heartbeats for 2 days to figure out any heart problem.
The increase in prevalence of atrial fibrillation as well as the increase in incidence of cardiovascular disorders are likely to propel the global Holter market growth over the forecast period. Also, the rise in healthcare expenditure, increasing elderly population, and the rise in number of awareness programs initiated by governments will positively influence the global Holter market. For instance, as per the information provided by the World Health Organization (WHO), in 2015 around 17.7 million people died from CVDs.
Moreover, favorable reimbursement policies, the increase in accessibility for healthcare facilities, rapid development of the healthcare industry, the change in lifestyle, the increase in consumption of cigarette & alcohol are some other prominent factors expected to accelerate the growth of global Holter market during this forecast period.
Lack of skilled professionals is a major challenging factor which expected to hamper the growth of global Holter market over the forecast period. Also, stringent regulatory approval is anticipated to hinder the growth of the global Holter market throughout the forecast period.
The Global Holter Market is segmented into component such as Wireless Holter, Wired Holter, and Holter Analysis System & Software. Based on the product type, market is segmented into 1-Channel, 2-Channel, 3-Channel, and 12-Channel. Further, market is segmented into end user such as Hospitals, Ambulatory Surgical Centers, Clinics, and Homecare Settings.
The Global Holter Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North America region is expected to dominate the global Holter market due to the change in lifestyle of people, growing incidence of cardiac strokes as well as the growing awareness regarding healthcare in countries in this region. Furthermore, the markets in Latin America, Europe, and Middle East & Africa are expected to register high growth revenue in the global Holter market over the forecast period.
Various key players are listed in this report such as Medtronic PLC, Hill-Rom services, Inc., Nissha Medical Technologies, iRhythm Technologies, Inc., Cardiac Insight Inc., AliveCor, Inc., Bardy Diagnostics, Inc., Nasiff Associates, Inc., LifeSignals, Inc., VitalConnect, etc.
Global Holter Market
The Global Holter Market was valued at USD 7.99 billion in 2020 which expected to reach USD 12.14 billion by 2027, at a CAGR of 6.11% from 2020-2027.
Holter is defined as the ECG Holter monitoring device which is portable, ambulatory device used to monitor heart activity. It comprises electrodes & small equipment which is hung around the neck of the patient or attached to their waist belt. The Holter monitoring devices measures the ECG of the patient for 24-28 hours. These devices are suggested by doctors if the patient shows symptoms of irregular heartbeats. The Holter monitoring system is non-invasive, battery-powered & records the heartbeats for 2 days to figure out any heart problem.
Market Drivers
The increase in prevalence of atrial fibrillation as well as the increase in incidence of cardiovascular disorders are likely to propel the global Holter market growth over the forecast period. Also, the rise in healthcare expenditure, increasing elderly population, and the rise in number of awareness programs initiated by governments will positively influence the global Holter market. For instance, as per the information provided by the World Health Organization (WHO), in 2015 around 17.7 million people died from CVDs.
Moreover, favorable reimbursement policies, the increase in accessibility for healthcare facilities, rapid development of the healthcare industry, the change in lifestyle, the increase in consumption of cigarette & alcohol are some other prominent factors expected to accelerate the growth of global Holter market during this forecast period.
Market Restraints
Lack of skilled professionals is a major challenging factor which expected to hamper the growth of global Holter market over the forecast period. Also, stringent regulatory approval is anticipated to hinder the growth of the global Holter market throughout the forecast period.
Market Segmentation
The Global Holter Market is segmented into component such as Wireless Holter, Wired Holter, and Holter Analysis System & Software. Based on the product type, market is segmented into 1-Channel, 2-Channel, 3-Channel, and 12-Channel. Further, market is segmented into end user such as Hospitals, Ambulatory Surgical Centers, Clinics, and Homecare Settings.
Regional Analysis
The Global Holter Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North America region is expected to dominate the global Holter market due to the change in lifestyle of people, growing incidence of cardiac strokes as well as the growing awareness regarding healthcare in countries in this region. Furthermore, the markets in Latin America, Europe, and Middle East & Africa are expected to register high growth revenue in the global Holter market over the forecast period.
Key Players
Various key players are listed in this report such as Medtronic PLC, Hill-Rom services, Inc., Nissha Medical Technologies, iRhythm Technologies, Inc., Cardiac Insight Inc., AliveCor, Inc., Bardy Diagnostics, Inc., Nasiff Associates, Inc., LifeSignals, Inc., VitalConnect, etc.
Market Taxonomy
By Component
- Wireless Holter
- Wired Holter
- Holter Analysis System & Software
By Product Type
- 1-Channel
- 2-Channel
- 3-Channel
- 12-Channel
By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Homecare Settings
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Holter Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Table of Contents
1 Introduction
2 Research Methodology
4 Global Holter Market Outlook
5 Global Holter Market, By Component
6 Global Holter Market, By Product Type
7 Global Holter Market, By End User
8 Global Holter Market, By Region
9 North America Holter Market Analysis and Forecast (2020-2027)
10 Europe Holter Market Analysis and Forecast (2020-2027)
11 Asia Pacific Holter Market Analysis and Forecast (2020-2027)
12 Latin America Holter Market Analysis and Forecast (2020-2027)
13 Middle East Holter Market Analysis and Forecast (2020-2027)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- Medtronic PLC
- Hill-Rom services Inc.
- Nissha Medical Technologies
- iRhythm Technologies Inc.
- Cardiac Insight Inc.
- AliveCor Inc.
- Bardy Diagnostics Inc.
- Nasiff Associates Inc.
- LifeSignals Inc.
- VitalConnect
