PUNE, India, March 9, 2022 /PRNewswire/ -- According to the Absolute Markets Insights report, the product segment dominated the holter monitor market and is anticipated to maintain its dominance over the forecast period. The growth of this segment can be attributed to the adoption of advanced technologies to increase the accuracy and output of diagnosis. The market players are focusing on the development of products by integrating event and holter monitoring system. For instance, The InfoBionic MoMe Kardia system is the first and only wireless remote patient monitoring platform that incorporates Holter, event, and mobile cardiac telemetry technologies into a single sensor and transmitting device. Increased adoption of analysis software is another factor driving the market growth. Many companies provide useful analysis software services that can generate holter monitoring reports quickly and accurately. For instance, The Master 9 is the newest version of holter analysis software from Applied Cardiac Systems, which showcases the ability to scan 5 minutes of ECG rather than beat by beat. Moreover, the ongoing trend of ambulatory monitoring devices is significantly impacting the growth of holter monitor market. For instance, GE's MARS Ambulatory ECG Holter Monitoring System is an advanced holter monitoring system with flexible analysis capabilities available at healthcare centres. Additionally, the demand for wireless holter devices and real-time bedside wearable monitors, across the globe is on the rise.
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With the increasing demand by cardiologists for technologically compatible and efficient diagnostic devices the 12 channel monitor is witnessing the fastest growth rate in the global holter monitor market as it provides improved signal recording. For instance, Holter Recorder TLC-5000 is a 12 channel monitor with a recorder that has built-in flash storage media that increases its memory capacity and provides quick and accurate analysis.
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Increasing number of patients opting for diagnosis in healthcare centres, has augmented the implementation of advanced technologies integrated with holter monitors for improved diagnosis and treatment. According to data from the Centers for Disease Control and Prevention, heart disease is the leading cause of mortality in the United States for men, women, and people of most racial and ethnic groups. Annually, approximately 659,000 people in the United States die from heart disease, accounting for one out of every four deaths. In addition, the most frequent type of heart disease, coronary heart disease, killed 360,900 persons in 2019. Thus, with the rising disease burden worldwide and the increasing need for remote patient monitoring, the global holter monitor market will gain remarkable momentum.
Asia Pacific region in the global holter monitor market is anticipated to grow at a rapid pace during the forecast period. Increasing aging population and increased cardiovascular disease prevalence are shifting the focus on the use of holter monitoring devices. According to the American College of Cardiology Foundation, cardiovascular disease (CVD) is the leading cause of mortality in Asia. In 2019, Asia registered for 58 percent of the 18.6 million CVD deaths worldwide. In 2019, Asia was responsible for 10.8 million deaths, accounting for nearly 35% of all deaths in Asia. Furthermore, R&D sector expansion, developing healthcare infrastructure, and key companies focused on the development of innovative products in this region is another factor leading for the markets growth.
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Global Holter Monitor Market Attractiveness, By 2029
Competitor Insights:
- ACS Diagnostics
- Apollo Homecare
- Biotricity
- Bittium
- Contec
- EDAN Instruments, Inc.
- FUKUDA DENSHI
- General Electric Company
- Koninklijke Philips N.V.
- NIHON KOHDEN CORPORATION.
- SCHILLER Healthcare India Pvt. Ltd.
- ScottCare
- Other Market Participants
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Absolute Markets Insights 420+ pages research study on Global Holter Monitor Market includes extensive information on the following pointers:
- Global Market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2020 has been considered as historic years, 2021 as the base year, while 2022 to 2030 has been considered as the forecast period.
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Market Dynamics (Drivers, Restraints, Opportunities)
- Market determinants and Influencing Factors
- Technological Trends
- Macro-Economic and Micro-Economic Indicators
- Global and Regional Impact of Covid-19 on Global Holter Monitor Market
- Porter's Five Forces Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- Mergers and Acquisitions
- R&D Initiatives
- Product Launches
- Investments Trends
- Market Share Analysis, 2021
- Detailed insights of major market participants operating in the market, including information on company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies
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Global Holter Monitor Market
By Offering
- Products
- Services
By Sales Channel
- Online
- Offline
By End-User
- Individuals
- Healthcare Facilities
- Geriatric Care Centres
- Others
By Type
- 3 Channel Monitors
- 12 Channel Monitors
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries, Benelux Union, Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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