About Holter Monitors
A Holter monitor is known as a battery-operated portable device which measures and records the heart’s activity (ECG) continuously for near about 24 to 48 hours or longer than that as depending on the type of monitoring used. The device is basically the size of a small camera. Holter Monitors has wires with silver dollar-sized electrodes which are attached to the skin. The Holter monitor and other such devices record the patients ECG about daily activities are known as ambulatory electrocardiograms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.9% |
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high-end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement, and brand establishment. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Holter Monitors market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips Healthcare (Netherlands), GE Healthcare (United Kingdom), Spacelabs Healthcare (United States), Mortara Instrument Inc. (United States), Applied Cardiac Systems (United States), Borsam Medical (China), Cardioline (Italy), Cardionet (United States), BioTelemetry Inc (United States) and LUMED (Italy) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medicomp (United States), Nasiff Associates (United States), QRS Diagnostic (United States), Schiller AG (Switzerland) and Suzuken (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Holter Monitors market by Type (Single Channel and Multi-channels) and Region.
On the basis of Type, Hospitals and Ambulatory surgical centers are dominating the market in the year 2023On the basis of geography, the market of Holter Monitors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). United States region held largest market share in the year 2023. If we see Market by Component , the sub-segment i.e. Wired Holter monitors will boost the Holter Monitors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Holter Monitors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Medical Holter Monitors
Market Growth Drivers:
Favorable Government Initiatives Toward Data Management and Computerization of Holter Monitors Records in Healthcare Sectors and Government Regulations in Favor of Monitoring Devices
Challenges:
Risks Associated with Holter Monitors
Restraints:
High Cost Associated with Initial Purchase and Continuous Need for Wireless Communication Mode
Opportunities:
Surging Demand for Patient Monitoring Devices in Non-Hospital Settings Across the World and Adoption in Post-Coronary Care Units and among Ambulatory Service Providers
Market Leaders and their expansionary development strategies
In November 2021- Philips agreed to acquire Cardiology, a Paris-based company whose FDA-cleared electrocardiogram analysis platform employs artificial intelligence to aid in the diagnosis of atrial fibrillation and other heart rhythm disorders. The transaction's financial terms were not disclosed in the Monday announcement.
In January 2020, Biotronik proclaimed the launch of a brand new injectable cardiac monitor, BIOMONITOR III, permitting detection of irregular regular recurrence. Such new product launches with technological development had thereby increased the expansion potential of the corporate.
Key Target Audience
Manufacturers of Holter Monitors, Healthcare service providers, Medical device companies, Medical software providers, Diagnostic centers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.