Holter monitor is a sort of portable ECG instrument used by a patient to track the activity of the heart on a continuous basis for a given period. Other ECG instruments only allows the user to check the heart rate for a very short period. This is where holter monitors serves immense importance to patients, who require continuous monitoring of their heart for a long period of time to detect any irregularity in the functioning of heart. Holter monitors are not only capable of functioning for a long period but also helps in the transfer of data to doctors for better analysis of the patient’s heart rate. Cardiovascular diseases are becoming a major health concern around the world. The global healthcare industry is intensifying its efforts to produce state-of-the-art cardiac monitoring mechanisms. Huge research and development expenses are being incurred to manufacture advanced heart monitoring devices. This in turn is motivating the growth of holter monitors market, globally. Holter monitors are efficient, safe and non-invasive, which are the major reasons influencing the growth of this market. Moreover, the percentage of aging population is huge and most of the old person suffer from heart related diseases. Therefore, with the rise in the number of aging population, the growth of this market is expected to grow significantly.
The holter monitors market has been segregated into two vital segments such as by product and by end-user. The product segments include holter monitoring devices, event monitoring devices and holter monitoring software. Holter monitoring devices witnessed the largest market share in this segment due to several technological advancements. By end-user, the market has been classified into hospitals, physicians’ clinic and ambulatory surgery centers. Hospital is the leading market share holder in this segment. This is due to the more number of usage of holter monitors and the flow of patients in hospitals.
By geography, the holter monitors market has been bifurcated into regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is expected to be the dominating market among all regions. The U.S. is not only the leading market in North America but also in the world among all countries. Increasing private equity investments in the healthcare industry of the U.S., and presence of large healthcare companies in the country are the major reasons for the country’s dominance in this market. In terms of growth rate, Asia Pacific is expected to witness the highest CAGR among all regions. There have been immense technological advancements in the healthcare care sectors of China, India and Japan among other countries of Asia Pacific. China and India are the most populated countries in the world. A significant proportion of the population of both the countries are suffering from cardiovascular diseases. Lack of fitness, awareness and unhealthy lifestyle of the people of China and India are the major reasons for heart related diseases. China and Japan are the key manufacturing markets for holter monitors in the Asia Pacific region.
Some of the major players in the holter monitors market are Koninklijke Philips, GE Healthcare, Spacelabs Healthcare, Mortara Instrument, Lifewatch and Cardioline among others.
Holter Monitors Market: By Product
Holter Monitors Market: By End-User
Holter MonitorsMarket: By Geography