Holter Monitoring Systems Market

Global Market Study on Holter Monitoring Systems: Development of Integrated Software Providing Ad-on Services Augmenting Market Growth

Holter Monitoring Systems Market Segmented By Holter monitoring devices, Event monitoring devices, Holter monitoring software Product in Hospitals, Diagnostic centers, Clinics, Ambulatory surgical centers

  • July-2021
  • PMRREP3886
  • 126 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Market Snapshot

Recently published holter monitoring systems industry analysis by Persistence Market Research projects market value to reach US$ 1.5 Bn by the end of 2031, currently at US$ 1 Bn in 2021. The market is anticipated to expand at a steady CAGR of around 4.5% over the decade. The North American region accounts for nearly 1/3 global market share, according to this industry survey.

Find Out More about the Report Coverage

Companies

  • 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

Key Points Covered in Holter Monitoring Systems Market Survey:

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, country-wise, and region-wise analysis
  • Competition mapping and benchmarking
  • Brand share and market share analysis
  • Key product innovations and regulatory climate
  • COVID-19 Impact on holter monitoring systems and how to navigate
  • Recommendation on key winning strategies

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

Developments in Holter Monitoring Systems Space

Increasing instances of severe cardiovascular conditions have fueled demand for various cardiac activity monitoring systems. As patient monitoring gains traction, holter monitoring sees a great rise in demand due to increased risk of cardiovascular diseases.

  • VitalConnect recently launched a new cardiac monitoring patch for patients who require extended holter monitoring, called VitalPatch RTM. The patch is capable of monitoring 21 different cardiac arrhythmias by using its artificial intelligence electrocardiogram sensor. The sensor actively monitors aspects such as heart rate, respiratory rate and activity, along with heart rate variability.
  • Hillrom recently announced plans to acquire Bardy Diagnostics, and has announced US$ 375 Mn in cash and also potential future payments based on achievements of commercial milestones. With this new acquisition, the company aims to expand its cardiology devices portfolio.

holter-monitoring-systems-market

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

Market Overview

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.

Explore Persistence Market Research’s expertise in promulgation of the business !

Drivers for Holter Monitoring Systems

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.

Major Players

Key players in the market have well-established distribution channels; whereas small players create barriers for small players entering the holter monitoring systems market.

How is the Market Segmented?

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 is 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.

Geography-wise

By region, the global holter monitoring systems market is segmented into North America, Latin America, Europe, AsiaPacific, 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 Segmentation

Product

  • Holter Monitoring Systems
  • Holter Monitoring Devices
  • Event Monitoring Devices
  • Holter Monitoring Software

End User

  • Hospitals
  • Diagnostic Centers
  • Clinics
  • Ambulatory surgical centers

Region

  • 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

Media Release

- FAQs -

The global holter monitoring systems market is set to be valued at nearly US$ 1 Bn in 2021.
The global holter monitoring systems industry is anticipated to be valued around US$ 1.5 Bn by end of 2031,progressing at a steady CAGR of 4.5%.
The market for holter monitoring systems expanded at a steady CAGR of 4.2% over the past 5 years.
Koninklijke Philips N.V., Welch Allyn-Hill Rom, Schiller Ag, Fukuda Denshi Co. Ltd., and Nihon Kohden Corporation hold around 45% of the global market share.
The U.S., India, France, Germany, and China are leading countries for the demand for holter monitoring systems.
Germany accounts for 23% market share in the European region.
Japan holds a market share of 18% and South Korea holds a share of 2% in the APAC region.
North America accounted for 34% of global holter monitoring system sales in 2021.
Factors such as new technological advances in ECG devices, expansion of distribution channels, prevalence of obesity, and increased awareness for patient monitoring are fueling demand for holter monitoring systems.
Technological advancements of data management integrated systems and low-cost alternatives are major trends in this marketplace.
The global holter monitoring systems market is set to be valued at nearly US$ 1 Bn in 2021.
The global holter monitoring systems industry is anticipated to be valued around US$ 1.5 Bn by end of 2031,progressing at a steady CAGR of 4.5%.
The market for holter monitoring systems expanded at a steady CAGR of 4.2% over the past 5 years.
Koninklijke Philips N.V., Welch Allyn-Hill Rom, Schiller Ag, Fukuda Denshi Co. Ltd., and Nihon Kohden Corporation hold around 45% of the global market share.
The U.S., India, France, Germany, and China are leading countries for the demand for holter monitoring systems.
Germany accounts for 23% market share in the European region.
Japan holds a market share of 18% and South Korea holds a share of 2% in the APAC region.
North America accounted for 34% of global holter monitoring system sales in 2021.
Factors such as new technological advances in ECG devices, expansion of distribution channels, prevalence of obesity, and increased awareness for patient monitoring are fueling demand for holter monitoring systems.
Technological advancements of data management integrated systems and low-cost alternatives are major trends in this marketplace.

Recommendations

Remote Patient Monitoring Device Market

Remote Patient Monitoring Device Market is anticipated to see a strong growth between 2017 and 2024. By 2024 end, the global remote patient monitoring devices market is estimated to reach US$ 1,502.9 Million revenue. .

Intracranial Pressure (ICP) Monitoring Market

Global intracranial pressure monitors market had reached US$ 1.4 Bn in 2020 and is expected to attain US$ 2 Bn by 2026, at a CAGR of 5.5% during forecast period of 2021-26.

Kidney Dialysis Equipment Market

Global Kidney Dialysis Equipment Market forecasts the market revenues to reach US$ 25.128 Bn by 2024 end and is projected to grow at a CAGR of 6.5% through 2024.

Hemodynamic Monitoring Systems Market

Hemodynamic monitoring systems market is set to experience significant growth at 5.3% CAGR from 2021 to 2031..

Our Clients

Our Clients