Global Holter ECG Monitoring Market: North Holds Significant Market Share

Introduction

A holter monitor is an ambulatory electrocardiogram which is operated by battery and helps in the measurement and records the heart’s activity. Patients susceptible to the cardiovascular are recommended holter ECG tests for continuous tracking of the heart activity. The patient wears the device for one or two days and the holter monitor record the heartbeat of the patient during the entire duration while the patient was performing different activities. The data collected is analyzed by the holter analysis systems and software, giving the doctor proper knowledge about the condition.

Drivers and restraints of Global Holter ECG Monitoring Market       

The aging population is more prone to cardiovascular diseases. The globally increasing aging population has increased the demand for holter ECG monitors. Global holter ECG monitoring market trend is expected to be positive on account of the shift in the trend from the effective treatment to preventive care. Additionally, growing digitalization will raise the demand for digital holter monitors by many healthcare professionals and will contribute towards fuelling the demand for holter monitor thereby increasing the global Holter ECG monitoring market size. However, the absence of skilled professionals to correctly analyze the data may act as a restraining factor for the market.

Market Segmentation

According to industry research conducted by Knowledge Sourcing Intelligence, the wired holter monitors segment of product type segmentation is expected to have a significant market share on account of widespread usage of wired holter monitors in hospitals. The market of holter analysis system and software segment is expected to grow at a rapid pace owing to growing technological advancements. By lead type, the 12 lead holter monitor segment is expected to have a significant market share due to its widespread usage from patients suffering from cardiovascular diseases to police officers and firefighters. By end-user, hospitals and clinics segment is expected to have a significant market share on account of large scale utilization of holter monitors in hospitals and clinics for the diagnosis of patients suffering from cardiovascular diseases.

Geographically, North America region is expected to have a significant market share of the global holter ECG monitoring market share. North America is a technologically advanced region that is propelling the growth of the market in the region. Consumer awareness about the technology and inclination towards preventive measure for cardiovascular diseases instead of treatment is also fueling the growth in the region. The market of Asia Pacific region is expected to witness rapid growth owing to increasing consumer awareness and increasing inclination towards preventive measures for cardiovascular diseases instead of treatment.

Competitive intelligence shows that global holter ECG monitoring market shows that the market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include SCHILLER AG, BPL Medical Technologies, Koninklijke Philips N.V. and Cardiac Science Corporation among others.

Key Questions Answered in This Report:

      ·         What are the key regions having a significant market share of the market?

      ·         What are the drivers and restraints of the market?

      ·         Who are the key market players in the market?

      ·         What is market segmentation of the global holter ECG monitoring market?

      ·         Which product type is having significant market share?