The Increasing Cvds To Boost The Holter Monitoring Systems Market Growth

Holter Monitoring Systems Market
Holter Monitoring Systems Market

Holter Monitoring Systems Market, By Product Type (1-Channel, 2-Channel, 3-Channel, 12-Channel, Others), Component (Holter Monitoring Devices, Event Monitoring Devices, Holter Analysis System and Software), End User (Hospitals and Clinics, Ambulatory Surgical Centers (ASCs), Homecare, Others) and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Size, Share, Outlook, and Opportunity Analysis, 2023-2030

The global Holter Monitoring Systems Market is estimated to be valued at reach US$ 757.26 million in 2022 and is expected to exhibit a CAGR of 8.2 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A holter monitor is a handheld electrocardiography instrument that measures heartbeat constantly for 24 to 48 hours. It includes a display, software, and electrodes that aid to read recorded information, detects whether the cardiac is getting sufficient amount oxygen, and diagnose diseases linked with abnormal heart rhythms such as arrhythmia, tachycardia, and AF.

Competitive Landscape:

Key players involved in the growth of global Holter Monitoring Systems Market are ScottCare Corporation., Koninklijke Philips N.V., Hill-Rom Holdings, Inc., General Electric, CompuMed, Inc., Spacelabs Healthcare., Boston Scientific Corporation., FUKUDA DENSHI, Nasiff Associates, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Biomedical Instruments Co. Ltd., NIHON KOHDEN CORPORATION, Meditech Equipment Co. Ltd., Medtronic., BPL Medical Technologies and Nasan Medical Electronics Pvt. Ltd.

Market Key Drivers:

The rising incidences of cardiovascular diseases (CVDs) is expected to augment the growth of the global Holter Monitoring Systems for Market. For instance, as per CDC, it was estimated that around 523 million cases were reported to suffer from CVDs across the globe in 2020.

The rising approvals and partnerships for the expansion of the product is anticipated to propel the growth of global Holter Monitoring Systems Market. For instance, in February 2021, Remo Care Solutions introduced Remo. Cardia, a portable heart rate monitoring system which is designed with AI to record and interpret patients' vitals in real-time.

Covid-19 Impact Analysis:

The Covid-19 outbreak has positively affected the growth of the global Holter Monitoring Systems for Market. The pandemic cases were linked to the rise in cardiovascular problems such as heart failure, cardiac arrest, stroke and others. The increasing cases during the pandemic period had led to the usage of portable monitoring system. All these factors have positively propelled the growth of the market.

Key Takeaways:

The global Holter Monitoring Systems Market is anticipated to exhibit a CAGR of 8.2 % during the forecast period due to rising R&D investment, increasing mergers and acquisitions. For instance, In November 2021, Philips, entered an acquisition with Cardiologs that aims on depending upon cloud technologies and AI to modify cardiac diagnostics.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global Holter Monitoring Systems for Market due to rising prevalence of cardiovascular diseases, rising mergers and acquisitions, rising investment in healthcare infrastructure. For instance, as per CDC over 20.1 million people in U.S suffer from cardiovascular diseases.

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