Global Market Study on Holter Monitoring Systems: Development of Integrated Software Providing Ad-On Services Along With Cardiac Monitoring to Boost the Demand During the Forecast Years


  • Published On : May-2016 |
  • Pages : 126 Pages |
  • Format :

Holter monitor is a portable ECG device that can be worn by the patient to record heart activity continuously for a certain period. Other ECG devices record heart activity only for a certain period. However, a patient may suffer from irregular heartbeat at any point in time, thereby requiring continuous monitoring for a longer period. Holter ECGs are capable of recording data for a longer period, and transferring the same to doctors for analysis.

Persistence Market Research (PMR) offers a 10-year forecast of the global Holter monitoring Systems market between 2016 and 2024. In terms of value, the market is expected to register a CAGR of 4.5% during the forecast period. This study analyses market dynamics that are expected to influence the current environment and future status of the global Holter monitoring systems market over the forecast period. It includes key trends, drivers, restraints, and opportunities that are influencing growth of the global Holter monitoring systems market over the forecast period. Impact analysis of key growth drivers and restraints based on the weighted average model are included in this report to better equip clients with crystal clear decision-making insights.

The global Holter monitoring systems market is segmented on the basis of:

  • Product type
  • End user
  • Region

On the basis of product type the market is segmented as follows:

  • Holter monitoring systems
    • Holter monitoring devices
    • Event monitoring devices
    • Holter monitoring software

Holter monitoring devices segment is estimated to account for highest revenue share of US$ 512 Mn in 2016, and is expected to register highest CAGR during the forecast period.

On the basis of end user the market is segmented as follows;

  • End user
    • Hospitals
    • Diagnostic centers
    • Clinics
    • Ambulatory surgical centers

The hospitals segment is expected to witness highest CAGR of 4.8% during the forecast period.

On the basis of region/country the market is segmented as follows:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Argentina
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of APAC
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of MEA

North America and APAC markets are estimated to account for 34.9 % and 27.3 % revenue share respectively in 2016 and are expected to dominate the market over the forecast period.

Key features of this report

  • Drivers and restraints
  • Latest product innovations and key developments in the market
  • Analysis of business strategies of top players
  • Holter monitoring systems market estimates and forecast

Holter monitor is a portable ECG device that can be worn by the patient to record heart activity continuously for a certain period. Other ECG devices record heart activity only for a certain period. However, a patient may suffer from irregular heartbeat at any point in time, thereby requiring continuous monitoring for a longer period. Holter ECGs are capable of recording data for a longer period, and transferring the same to doctors for analysis.

Cardiovascular Diseases (CVD) has become a major health concern globally. This is resulting in the healthcare industry adopting new and innovative devices to ensure enhanced medical care, and also investing in better healthcare facilities. This is turn is boosting demand for better patient monitoring devices. To avoid risks associated with CVD, monitoring devices are widely used by individuals who are likely to be exposed to factors that cause CVD. Holter monitoring systems are non–invasive and are proven safe and effective for patient monitoring, which is a major factor fueling demand for such devices. However, healthcare facilities in emerging and underdeveloped countries lack trained staff and appropriate health care infrastructure, thereby affecting adoption of Holter  ECG devices. Moreover, a presence of several small players is impacting growth opportunities for global players to a certain extent. Key players in the market have well-established distribution channels; whereas small players create barriers for small players entering the Holter monitoring systems market.

By product type, the global Holter monitoring systems market is segmented into Holter monitoring devices, event monitoring devices, and Holter monitoring software. Holter monitoring devices segment accounted for highest revenue share in 2015 and expected to remain dominant over the forecast period. Software segment is expected to witness sluggish growth over the forecast period due to technological advancements in Holter monitoring devices.

On the basis of an end user, the global Holter monitoring systems market is segmented into hospitals, diagnostic centers, clinics, and ambulatory surgical centers. Hospitals segment is expected to create robust growth opportunities owing to easy availability.

By region, the global Holter monitoring systems market is segmented into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa The high adoption rate of new technology is expected to boost the growth in the U.S. for Holter monitoring devices market. The U.S. is expected to remain the dominant market for Holter monitoring systems over the forecast period. The market in APAC region is expected to witness the highest growth due to a large population suffering from cardiovascular diseases and presence of several local manufacturers providing Holter monitoring systems at competitive prices.

holter-monitoring-systems-market

Some key market participants included in the report are

  • GE Healthcare
  • Koninklijke Philips N.V
  • Welch Allyn (Hill-rom Company, Inc.)
  • Schiller AG
  • Fukuda Denshi Co. Ltd.
  • Nihon Kohden Corporation, Mortara Instrument, Inc.
  • Spacelabs Healthcare, Inc.
  • Others
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