About Holter ECG Monitoring
A Holter monitor is a small wearable device that can perform continuous trackings of heart activity, such as rate and rhythm. Patients at risk for the early onset of cardiovascular illness are suggested Holter ECG test, where the patient has to put on the Holter monitor for one to two days. This records the patient's heartbeats during all the behavior that are performed by the patient in that period. The data retrieved through Holter monitors is studied in depth through Holter analysis systems and software that help the doctors design appropriate therapy for the patient. The recent technological advancements in Holter ECG Monitoring manufacturing will have a massive impact on the growth of the overall market in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Holter ECG Monitoring 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.
GE Healthcare (United States), Mortara Instrument(United States), Philips Healthcare (Netherlands), Schiller (Switzerland), Spacelabs Healthcare(United States), Applied Cardiac Systems(United States), CardioNet(United States), MediComp(United States), MidMark(United States) and QRS Diagnostic(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Scottcare(United States) and Welch Allyn(United States).
Segmentation Overview
AMA Research has segmented the market of Global Holter ECG Monitoring market by Type (Wired Holter ECG Monitor and Wireless Holter ECG Monitor), Application (Diagnostics and Monitoring) and Region.
On the basis of geography, the market of Holter ECG Monitoring 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). If we see Market by Lead Types, the sub-segment i.e. 3 Lead Holter Monitor will boost the Holter ECG Monitoring 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 & Clinics will boost the Holter ECG Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The massive investments in technological intervention
Market Growth Drivers:
Increasing demand for early detection and prevention tools will contribute to the increasing adoption of Holter ECGs across the globe. and RisingGeriatric Population will Aid Holter ECG Monitoring Growth in the market
Challenges:
The threat of new entrants
Restraints:
Availability of substitutes Holter ECG Monitoring
Opportunities:
The upsurge in the aging population across the globe has high susceptibility toward cardiovascular diseases.
Market Leaders and their expansionary development strategies
In JUNE 2021, AliveCor, the global leader in FDA-cleared personal electrocardiogram (ECG) technology and service has acquired the independent diagnostic testing facility (IDTF) CardioLabs, a leading monitoring and cardiac diagnostic service provider. The acquisition is a cornerstone of AliveCor’s mission to extend its comprehensive cardiological services to patients who are prescribed monitoring devices by their healthcare providers.
In November 2020 Vitalconnect United States Based company launches a new cardiac monitoring patch for extended Holter monitoring named VitalPatch RTM. The wearable biosensor looks for 21 different cardiac arrhythmias by using an artificial intelligence electrocardiogram sensor.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Holter ECG Monitoring Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
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.