Global cardiac Holter monitor market expected to generate revenue of around USD 518.5 million by end of 2024, growing at a CAGR of around 6.5% between 2018 and 2024. Cardiac Holter monitor is used for the purpose of recording activities of the heart. Cardiac Holter monitor is used for the analysis of atrial fibrillation, cardiac arrhythmia, and bradycardia.
The report covers forecast and analysis for the cardiac Holter monitor market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the cardiac Holter monitor market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cardiac Holter monitor market on a global as well as regional level.
In order to give the users of this report a comprehensive view of the cardiac Holter monitor market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein component, product type, and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the market on the global and regional basis.
The study provides a decisive view of the cardiac Holter monitor market by segmenting the market based on product type, application, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024.
Based on the basis of components Holter monitor market is segmented as wireless Holter, wired Holter, and Holter analysis system & software. By component, wireless segment is estimated to show highest CAGR growth rate because of the ease and convenience which it provides coupled with the inclination of the consumer towards the wireless technology.
On the basis of product type, market is segmented as 1-channel, 2-channel, 3-channel, 12-channel, homecare settings, ultrasound, and radiofrequency. By product, 12-channel is estimated to show the highest CAGR growth attributed to the fact that it offers efficient diagnosis and compatible technology.
Based on end-user, cardiac Holter monitor is segmented as hospitals, ambulatory surgical centers, clinics, and homecare settings. By end-user, the hospital is estimated to be the prominent segment and will show significant CAGR growth over estimated time.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further division into major countries including the U.S., Canada, Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for cardiac Holter monitor based on individual segment and applications in all the regions and countries.
The report also includes detailed profiles of end players such as GE Healthcare, Koninklijke Philips, Mortara Instrument, FUKUDA DENSHI, Spacelabs Healthcare, Schiller AG, Applied Cardiac Systems, Borsam Medical, LifeWatch, Welch Allyn and others.
This report segments the global cardiac Holter monitor market as follows:
Global Cardiac Holter Monitor Market: By Components
Global Cardiac Holter Monitor Market: By Product Type
Global Cardiac Holter Monitor Market: By End-user
Global Cardiac Holter Monitor Market: By Region
Cardiac Holter monitoring system is a portable medical device used for analyzing, recording, diagnosing, and for displaying heart rhythms to the healthcare professionals. Moreover, cardiac Holter monitoring system has the potential to detect symptoms of abnormal heartbeat & chest pain and can display data which can be utilized for the on-time detection of cardiac problems such as arrhythmia and ischemia. Technological advancement and increasing health awareness among the population is estimated to drive the cardiac Holter monitor market over the estimated period.
As per the World Health Organization, cardiovascular diseases are one of the main causes of death worldwide. About 17.5 million people died because of cardiovascular diseases in 2015 representing 31% of all global deaths. Also, the global burden of cardiac disorders is increasing owing to the increasing geriatric population base across the world. According to the World Health Organization, the number of people aged 60 or above is expected to double by 2050 growing from 962 million globally in 2017 to 2.1 million in 2050. Thus, cardiac Holter monitor market has vast potential in terms of large patient pool and upsurge need for a significant diagnosis system.
The global cardiac Holter monitor market is segmented on the basis of the component, product type, and end-user.
Based on components, the cardiac Holter monitor market is segmented as wireless Holter, wired Holter, and Holter analysis system & software.
On the basis of product type, the cardiac Holter market is divided as 1-channel, 2-channel, 3-channel, 12-channel, and others.
Based on end-user, the cardiac Holter monitor market is segmented as hospitals, ambulatory surgical centers, clinics, and others. By end-user, hospitals estimate to be the prominent segment and will show significant CAGR growth over estimated time.
North America is anticipated to be the dominant region in the cardiac Holter monitor market over the forecast period. Favorable government policies supporting the invasion of new and advanced procedures for the diagnosis and development in the healthcare infrastructure and research granted by the government and ruling authorities are expected to propel the growth of the market in this region. Europe is the second largest market followed by the Asia Pacific. Large population base suffering from cardiac disorders in the Asia Pacific region, especially India, China, and Japan is the significant accelerating factor for the growth of the cardiac Holter monitor market in this region. Additionally, Asia Pacific is estimated to show the fastest CAGR growth during the forecast period, while the Latin America market is projected to grow at a low to moderate rate during the given period of time. The Middle East and Africa are also expected to cover the prominent market value share in the cardiac Holter monitor market.
Some of the key players in cardiac Holter monitor market include GE Healthcare, Koninklijke Philips, Mortara Instrument, FUKUDA DENSHI, Spacelabs Healthcare, Schiller AG, Applied Cardiac Systems, Borsam Medical, LifeWatch, Welch Allyn, and others.