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Global Cardiac Holter Monitor Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Insight, Impact of COVID-19, Company Analysis

  • ID: 5562676
  • Report
  • March 2022
  • Region: Global
  • 130 Pages
  • Renub Research

FEATURED COMPANIES

  • Boston Scientific
  • General Electric
  • Hill-Rom Company, Inc
  • Koninklijke Philips N.V
  • Medtronic Plc
  • NIHON KOHDEN
Global Cardiac Holter Monitor Market is estimated to reach US$ 531.0 Million in 2027. A cardiac Holter monitor is a battery-operated portative electrocardiography (ECG) equipment that continuously records heart rhythm for 24 to 48 hours. It comprises a monitor, software, and electrodes that aid in interpreting recorded data, evaluating whether the heart is fetching enough oxygen, and diagnosing conditions related to abnormal cardiac rhythms like arrhythmia, tachycardia, and atrial fibrillation. Furthermore, Holter monitoring is a test utilized when dizziness, irregular heartbeats, or fainting occur.



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
Frequently Asked Questions about the Global Cardiac Holter Monitor Market

What is the estimated value of the Global Cardiac Holter Monitor Market?

The Global Cardiac Holter Monitor Market was estimated to be valued at $378.6 Million in 2021.

What is the growth rate of the Global Cardiac Holter Monitor Market?

The growth rate of the Global Cardiac Holter Monitor Market is 5.8%, with an estimated value of $531.0 Million by 2027.

What is the forecasted size of the Global Cardiac Holter Monitor Market?

The Global Cardiac Holter Monitor Market is estimated to be worth $531.0 Million by 2027.

Who are the key companies in the Global Cardiac Holter Monitor Market?

Key companies in the Global Cardiac Holter Monitor Market include General Electric, NIHON KOHDEN, Hill, Rom Company, Inc, OSI Systems, Inc., Boston Scientific and Medtronic Plc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Boston Scientific
  • General Electric
  • Hill-Rom Company, Inc
  • Koninklijke Philips N.V
  • Medtronic Plc
  • NIHON KOHDEN

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Cardiac Holter Monitor Market
6. Market Share - Global Cardiac Holter Monitor Market
6.1 By Product
6.2 By Component
6.3 By End Use
6.4 By Region
7. Product - Global Cardiac Holter Monitor Market
7.1 1-Channel
7.2 2-Channel
7.3 3-Channel
7.4 12-Channel
7.5 Others
8. Component - Global Cardiac Holter Monitor Market
8.1 Wired Holter Monitor
8.2 Wireless Holter Monitor
8.3 Holter analysis systems & software
9. End Use - Global Cardiac Holter Monitor Market
9.1 Hospitals
9.2 Ambulatory Centers
9.3 Home Healthcare
9.4 Others
10. Region - Global Cardiac Holter Monitor Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Middle East & Africa
11. Porters Five Forces
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12. Company Analysis
12.1 General Electric
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Financial Insights
12.2 NIHON KOHDEN
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Financial Insights
12.3 Hill-Rom Company, Inc
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Financial Insights
12.4 OSI Systems, Inc.
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Financial Insights
12.5 Boston Scientific
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Financial Insights
12.6 Koninklijke Philips N.V
12.6.1 Overview
12.6.2 Recent Development
12.6.3 Financial Insights
12.7 Medtronic Plc
12.7.1 Overview
12.7.2 Recent Development
12.7.3 Financial Insights
List Of Figures:
Figure 01: Global - Cardiac Holter Monitor Market (Million US$), 2016 - 2021
Figure 02: Global - Forecast for Cardiac Holter Monitor Market (Million US$), 2022 - 2027
Figure 03: Product - 1-Channel Market (Million US$), 2016 - 2021
Figure 04: Product - Forecast for 1-Channel Market (Million US$), 2022 - 2027
Figure 05: Product - 2-Channel Market (Million US$), 2016 - 2021
Figure 06: Product - Forecast for 2-Channel Market (Million US$), 2022 - 2027
Figure 07: Product - 3-Channel Market (Million US$), 2016 - 2021
Figure 08: Product - Forecast for 3-Channel Market (Million US$), 2022 - 2027
Figure 09: Product - 12-Channel Market (Million US$), 2016 - 2021
Figure 10: Product - Forecast for 12-Channel Market (Million US$), 2022 - 2027
Figure 11: Product - Others Market (Million US$), 2016 - 2021
Figure 12: Product - Forecast for Others Market (Million US$), 2022 - 2027
Figure 13: Component - Wired Holter Monitor Market (Million US$), 2016 - 2021
Figure 14: Component - Forecast for Wired Holter Monitor Market (Million US$), 2022 - 2027
Figure 15: Component - Wireless Holter Monitor Market (Million US$), 2016 - 2021
Figure 16: Component - Forecast for Wireless Holter Monitor Market (Million US$), 2022 - 2027
Figure 17: Component - Holter Analysis Systems & Software Market (Million US$), 2016 - 2021
Figure 18: Component - Forecast For Holter Analysis Systems & Software Market (Million US$), 2022 - 2027
Figure 19: End Use - Hospitals Market (Million US$), 2016 - 2021
Figure 20: End Use - Forecast for Hospitals Market (Million US$), 2022 - 2027
Figure 21: End Use - Ambulatory Centers Market (Million US$), 2016 - 2021
Figure 22: End Use - Forecast for Ambulatory Centers Market (Million US$), 2022 - 2027
Figure 23: End Use - Home Healthcare Market (Million US$), 2016 - 2021
Figure 24: End Use - Forecast for Home Healthcare Market (Million US$), 2022 - 2027
Figure 25: End Use - Others Market (Million US$), 2016 - 2021
Figure 26: End Use - Forecast for Others Market (Million US$), 2022 - 2027
Figure 27: North America - Cardiac Holter Monitor Market (Million US$), 2016 - 2021
Figure 28: North America - Forecast for Cardiac Holter Monitor Market (Million US$), 2022 - 2027
Figure 29: Europe - Cardiac Holter Monitor Market (Million US$), 2016 - 2021
Figure 30: Europe - Forecast for Cardiac Holter Monitor Market (Million US$), 2022 - 2027
Figure 31: Asia Pacific - Cardiac Holter Monitor Market (Million US$), 2016 - 2021
Figure 32: Asia Pacific - Forecast for Cardiac Holter Monitor Market (Million US$), 2022 - 2027
Figure 33: Middle East & Africa - Cardiac Holter Monitor Market (Million US$), 2016 - 2021
Figure 34: Middle East & Africa - Forecast for Cardiac Holter Monitor Market (Million US$), 2022 - 2027
Figure 35: General Electric - Global Revenue (Million US$), 2016 - 2021
Figure 36: General Electric - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 37: NIHON KOHDEN - Global Revenue (Million US$), 2016 - 2021
Figure 38: NIHON KOHDEN - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 39: Hill-Rom Company, Inc - Global Revenue (Million US$), 2016 - 2021
Figure 40: Hill-Rom Company, Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 41: OSI Systems, Inc. - Global Revenue (Million US$), 2016 - 2021
Figure 42: OSI Systems, Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 43: Boston Scientific - Global Revenue (Million US$), 2016 - 2021
Figure 44: Boston Scientific - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 45: Koninklijke Philips N.V - Global Revenue (Million US$), 2016 - 2021
Figure 46: Koninklijke Philips N.V - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 47: Medtronic Plc - Global Revenue (Million US$), 2016 - 2021
Figure 48: Medtronic Plc - Forecast for Global Revenue (Million US$), 2022 - 2027
List Of Tables:
Table 01: Global - Cardiac Holter Monitor Market Share by Product (Percent), 2016 - 2021
Table 02: Global - Forecast for Cardiac Holter Monitor Market Share by Product (Percent), 2022 - 2027
Table 03: Global - Cardiac Holter Monitor Market Share by Component (Percent), 2016 - 2021
Table 04: Global - Forecast for Cardiac Holter Monitor Market Share by Component (Percent), 2022 - 2027
Table 05: Global - Cardiac Holter Monitor Market Share by End Use (Percent), 2016 - 2021
Table 06: Global - Forecast for Cardiac Holter Monitor Market Share by End Use (Percent), 2022 - 2027
Table 07: Global - Cardiac Holter Monitor Market Share by Region (Percent), 2016 - 2021
Table 08: Global - Forecast for Cardiac Holter Monitor Market Share by Region (Percent), 2022 - 2027
Note: Product cover images may vary from those shown
  • General Electric
  • NIHON KOHDEN
  • Hill-Rom Company, Inc
  • OSI Systems, Inc.
  • Boston Scientific
  • Koninklijke Philips N.V
  • Medtronic Plc
Note: Product cover images may vary from those shown

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
 

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