Key Market Trends and Opportunities in Global Cardiac Holter Monitor Market:
The rising number of patients suffering from cardiovascular disorders and the increasing use of wireless Holter monitors worldwide. Further, the government's increasing investment in research and development activities are some of the factors that will likely boost the growth of the cardiac Holter monitor market in the forecast period of 2021-2027.
On the other hand, technological advancements and the increased need for preventative and diagnostic healthcare will fuel different prospects for the cardiac Holter monitor market to develop over the forecast period. As per our analysis, Global Cardiac Holter Monitor Market will expand with a CAGR of 5.8% during 2021-2027.
COVID-19 Influence on Global Cardiac Holter Monitor Market:
Patients have reported a wide range of arrhythmias during the pandemic, complicating the course of COVID-19 due to the related therapies. According to recent findings released by the American College of Cardiology, in a group of hospitalized COVID-19 patients in the United States, 16.7% of patients had arrhythmia, and 7.2 percent experienced acute cardiac damage, in addition to COVID-19-related problems. Demand for mobile monitoring devices has increased due to the rising disease load, propelling the ECG patch and Holter monitor market forward. As per our analysis, Global Cardiac Holter Monitor Industry was US$ 378.6 Million in 2021.
All four Channel Holters Market Studied in the Report
The global cardiac Holter monitor market is divided into four categories based on product type: 1 channel, 2 channel, 3 channel, and 12 channel. The increased prevalence of cardiovascular illnesses, the growing elderly population, and improved reimbursement policies have helped expand the market for various product kinds throughout the years. Apart from that, the primary reasons driving their market growth include cardiologists' increased expectations for technologically compatible and effective diagnostic instruments and holters' better signal recording efficiency.
Market Growth for Wireless Holter Monitor and Holter Analysis Systems & Software Is Being Observed:
The Global Cardiac Holter Monitor Market researches the wired Holter monitor, wireless Holter monitor, and Holter analysis systems & software markets by component. According to our findings, wired Holter monitors continue to be the most popular. However, wireless Holter monitors and Holter analysis systems and software have steadily increased over the study period.
Surprisingly, the wireless monitors send data to the healthcare provider via a cell phone. Furthermore, compared to ordinary wired Holter monitors, this sort of monitor has a longer recording time. Likewise, Holter analysis systems and software provide the clinical benefits of the EASI Lead system. Five EASI electrodes collect three channels of derived 12-Lead ECG, allowing for quick access to high-quality patient data and extending the market.
The Hospitals Segment Dominates the Market for Cardiac Holter Monitor:
In 2021 and beyond, the hospital's segment will dominate the market for cardiac Holter monitors. Hospitals' dominance can be ascribed to well-equipped infrastructure, the availability of technological equipment, an increase in the number of practitioners and patients, and a rise in collaborations to assist lessen the burden of diagnosis and treatment worldwide.
Furthermore, the availability of modern technology to monitor cardiac issues and a shift in attention toward ambulatory centers for treatment has increased the number of patients opting for diagnosis in mobile facilities. As a result, there is a link between the expansion of ambulatory centers and the increase of ambulatory centers.
Regional Realms of Global Cardiac Holter Monitor Market:
North America will have the most significant market share in 2021 because of the increased incidence of AFib in the region, the aging population, technical improvements, and a shift in patient preference toward cardiac Holter monitoring. In addition, the market in the American area is being driven by the introduction of next-generation wireless devices to monitor ECG and technological collaborations between producers.
Furthermore, Europe has a considerable market share. It is expected to develop rapidly during the forecast period, owing to improved equipment to monitor ECG in ambulatory facilities and a rise in player investments in wearable monitors.
Key Players:
With multiple service providers, the market for cardiac Holter monitors is fragmented. General Electric, NIHON KOHDEN, Hill-Rom Company, Inc, OSI Systems, Inc., Boston Scientific, Koninklijke Philips N.V., and Medtronic Plc are prominent competitors included in the cardiac Holter monitor market research. Specific cardiac monitoring options, such as Holter monitors and ECG patches, are available from these well-known healthcare companies. Our cardiac Holter monitor market report also includes a competitive landscape and competitor details.
The publisher's latest report Cardiac Holter Monitor Market, Global Forecast By Product (1-Channel, 2-Channel, 3-Channel, 12-Channel and Others), Component (Wired Holter Monitor, Wireless Holter Monitor, Holter analysis systems & software), End Use (Hospitals, Ambulatory Centers, Home Healthcare, Others), Region (North America, Europe, Asia Pacific and Middle East & Africa), Companies (General Electric, NIHON KOHDEN, Hill-Rom Company, Inc, OSI Systems, Inc., Boston Scientific, Koninklijke Philips N.V., and Medtronic Plc) provides a detailed analysis of Cardiac Holter Monitor Industry.
Product - Market have been covered from 5 viewpoints:
1. 1-Channel
2. 2-Channel
3. 3-Channel
4. 12-Channel
5. Others
Component - Market have been covered from 3 viewpoints:
1. Wired Holter Monitor
2. Wireless Holter Monitor
3. Holter analysis systems & software
End User - Market have been covered from 4 viewpoints:
1. Hospitals
2. Ambulatory Centers
3. Home Healthcare
4. Others
Region - Market have been covered from 4 viewpoints:
1. North America
2. Europe
3. Asia Pacific
4. Middle East & Africa
Company Insights:
- Overview
- Recent Development & Strategies
- Financial Insight
Company Analysis:
1. General Electric
2. NIHON KOHDEN
3. Hill-Rom Company, Inc
4. OSI Systems, Inc.
5. Boston Scientific
6. Koninklijke Philips N.V
7. Medtronic Plc
What is the estimated value of the Global Cardiac Holter Monitor Market?
What is the growth rate of the Global Cardiac Holter Monitor Market?
What is the forecasted size of the Global Cardiac Holter Monitor Market?
Who are the key companies in the Global Cardiac Holter Monitor Market?
Report Attribute | Details |
---|---|
No. of Pages | 130 |
Published | March 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 378.6 Million |
Forecasted Market Value ( USD | $ 531 Million |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 7 |
Table of Contents
Companies Mentioned
- General Electric
- NIHON KOHDEN
- Hill-Rom Company, Inc
- OSI Systems, Inc.
- Boston Scientific
- Koninklijke Philips N.V
- Medtronic Plc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...