Cardiac Holter Monitor Market
Global Cardiac Holter Monitor Market Size, Share & Trends Analysis Report By Product Type (Wired Holter Monitor, Wireless Holter Monitor, Holter Analysis Systems and Software), and By End-User (Hospital and Clinic, Diagnostic Center, and Others) Forecast Period (2022-2028)
The global cardiac holter monitormarket is anticipated to grow at a significant CAGR of 7.0% during the forecast period. The major factors contributing to the growth of the market include the increasing prevalence of heart diseases across the globe and advances in CVD diagnostic devices. According to the World Health Organization (WHO), CVD is a major cause of death across the globe. Nearly 17.9 million people die from CVD every year, which accounts for 31% of all deaths globally. Due to the increasing prevalence of CVD conditions, including coronary artery diseases and atrial defibrillation, cardiovascular diagnostic and monitoring have a significant demand for accurate monitoring of the condition. The current trends in CVD diagnostics comprise remote patient monitoring, wearables, telemetry, and portable monitors. Further, the increasing investment in R&D activities by government and improved reimbursement policies are expected to accelerate the market growth.
Impact of COVID-19 Pandemic on Global Cardiac Holter MonitorMarket
COVID-19 pandemic highly impacted the Cardiac Holter Monitor Market. Patients reported a wide range of arrhythmias and cardiac injury during the pandemic, causing difficulties in the course of COVID-19. According to the American College of Cardiology, in a recent case report on 138 hospitalized COVID-19 patients, 16.7% of patients developed arrhythmia and 7.2% experienced acute cardiac injury, in addition to other COVID-19 related complications. Moreover, the COVID-19 pandemic and social distancing also caused demand for mobile monitoring devices and wearable ECG monitoring devices, which further propelled the growth of the market.
Segmental Outlook
The global cardiac holter monitor market is segmented on product type and end-user. Based on product type, the market is segmented into wired holter monitor, wireless holter monitor, and holter analysis systems and software. Based on end-user, the market is classified into the hospital and clinic, diagnostic center, and others. On the basis of end-user, the hospital and clinic segment is anticipated to dominate the market for cardiac Holter monitors. This dominance is attributed to factors like well-equipped infrastructure, availability of technological equipment, increasing practitioners and patients.
Global Cardiac Holter Monitor Market Share by Product Type, 2021 (%)
Wireless Holter Monitor is Anticipated to Hold a Significant Share in the Global Cardiac Holter Monitor Market
Wireless Holter monitors are expected to be significantly used in hospitals and clinics to monitor heart rhythm. To check abnormality, patients worn a standard wired Holter monitor for 1 or 2 days and if it is failed to capture irregularities, wireless Holter monitor may be worn by healthcare professionals, which can work for weeks. This test is performed when a doctor is not able to record the patient's heartbeat from other tests, including an electrocardiogram. The data gathered by the Holter monitor allows detecting if the patient is suffering from heart rhythm problems. Currently, wireless Holter monitors are gaining immense popularity for long-term monitoring of the condition. Continuous innovations in wireless Holter monitor are expected to more accelerate its demand during the forecast period.
Regional Outlooks
The global Cardiac Holter Monitormarket is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the Europe regional market is expected to cater considerable growth over the forecast period, owing to changing lifestyle of people along with improving healthcare facilities.
Global Cardiac Holter Monitor Market Growth, by Region 2022-2028
The North American Region is Expected to Hold Prominent Share in the Global Cardiac Holter Monitor Market
Geographically, North America is estimated to witness a significant share in the market owing to the increasing prevalence of heart diseases in the region and the significant adoption of wearable cardiac diagnostic devices. As per the HeartDisease and Stroke Statistics—2019 Update, Cardiovascular disease (CVD) remains the leading cause of death in the United States, responsible for 840,768 deaths (635,260 cardiac) in 2016. From 2006 to 2016, the US death rate from CVD decreased by 18.6% and from coronary heart disease by 31.8%. The major types of CVD include coronary heart disease, stroke, high blood pressure, heart failure, and diseases of the arteries. This, in turn, results in the adoption of wearable cardiac monitoring devices in the region. In addition, the availability of reimbursement for cardiac monitoring devices is further contributing to the market growth in the region.
Market Players Outlook
The major companies serving the global cardiac holter monitor market include BioTelemetry, Inc., Hill-Rom Services, Inc., General Electric Co., Koninklijke Philips N.V., and iRhythm Technologies, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, Philips agreed to acquire Paris-based Cardiologs. Cardiologs FDA-cleared electrocardiogram analysis platform uses AI to help diagnose atrial fibrillation and other heart rhythm disorders.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cardiac holter monitor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Cardiac Holter MonitorMarket
• Recovery Scenario of Global Cardiac Holter MonitorMarket
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BioTelemetry, Inc. (a Philips Company)
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. C Hill-Rom Holdings, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. General Electric Co.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Koninklijke Philips N.V.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. iRhythm Technologies, Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Cardiac Holter Monitor Market by Product Type
4.1.1. Wired Holter Monitor
4.1.2. Wireless Holter Monitor
4.1.3. Holter Analysis Systems and Software
4.2. Global Cardiac Holter Monitor Market by End-User
4.2.1. Hospital and Clinic
4.2.2. Diagnostic Center
4.2.3. Others (Homecare)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ACS Diagnostics, Inc.
6.2. BORSAM Biomedical Instruments CO., Ltd
6.3. BPL Medical Technologies Private Ltd.
6.4. CompuMed, Inc.
6.5. Cortrium
6.6. Fukuda Denshi Co., Ltd.
6.7. Hemodynamics Company LLC
6.8. Hill-Rom Holdings, Inc.
6.9. InfoBionic, Inc
6.10. Medicomp Inc.
6.11. Meditech Group
6.12. Midmark Corp.
6.13. Nasan Medical Electronics Pvt. Ltd.
6.14. Nihon Kohden Corp.
6.15. Preventice Solutions, Inc.
6.16. Recorders & Medicare Systems P Ltd
6.17. Schiller AG
6.18. ScottCare Cardiovascular Solutions
6.19. TZ Medical
1. GLOBAL CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL WIRED HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL WIRELESS HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HOLTER ANALYSIS SYSTEMS AND SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
6. GLOBAL CARDIAC HOLTER MONITOR FOR HOSPITAL AND CLINIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CARDIAC HOLTER MONITOR FOR DIAGNOSTIC CENTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL CARDIAC HOLTER MONITOR FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
10. NORTH AMERICAN CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
12. NORTH AMERICAN CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
13. EUROPEAN CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. EUROPEAN CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
15. EUROPEAN CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
19. REST OF THE WORLD CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. REST OF THE WORLD CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
21. REST OF THE WORLD CARDIAC HOLTER MONITOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL CARDIAC HOLTER MONITOR MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL CARDIAC HOLTER MONITOR MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL CARDIAC HOLTER MONITOR MARKET, 2022-2028 (%)
4. GLOBAL CARDIAC HOLTER MONITOR MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
5. GLOBAL WIRED HOLTER MONITOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL WIRELESS HOLTER MONITOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL HOLTER ANALYSIS SYSTEMS AND SOFTWARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL CARDIAC HOLTER MONITOR MARKET SHARE BY END-USER, 2021 VS 2028 (%)
9. GLOBAL CARDIAC HOLTER MONITOR FOR HOSPITAL AND CLINIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL CARDIAC HOLTER MONITOR FOR DIAGNOSTIC CENTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL CARDIAC HOLTER MONITOR FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL CARDIAC HOLTER MONITOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. US CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
15. UK CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN CARDIAC HOLTER MONITOR MARKETSIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD CARDIAC HOLTER MONITOR MARKET SIZE, 2021-2028 ($ MILLION)
