- Single Channel,
- Double Channel,
- Multi-Channel
Global Cardiac Holter Monitor Market was valued at USD 353 Million in 2020 and is anticipated to grow at USD 506 million till 2027 recording a CAGR of 6.3% during the forecast period 2021-2027. Cardiac Holter Monitor Market is an ambulatory medical device for cardiac monitoring for at least 24 to 48 hours. The holter monitor system is a battery-powered device comprises of recorder for recording the cardiac rhythm and software for the interpretation of recorded data. Cardiac holter monitoring devices are used to analyze and diagnose the atrial fibrillation, cardiac arrhythmia, and bradycardia. It includes software that analyses the collected data and, as a result, aids the doctor in assessing whether the heart is getting enough oxygen and detecting diseases such as arrhythmia, tachycardia, and atrial fibrillation. These features of holter monitors, combined with an increase in the number of people suffering from heart problems, are driving up demand for them around the world.Globally, a rise in the occurrence of heart blockages and arrests has been observed as a result of rapid urbanisation, stressful work schedules, and increased intake of fast food. This has boosted demand for technologically improved gadgets that aid in the correct diagnosis of health concerns. In July 2017, BioTelemetry, Inc. acquired LifeWatch AG for strengthening its cardiac holter monitoring device portfolio
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Increase in the prevalence of cardiac disorders due to change in lifestyle is a key factor drives the global cardiac holter monitoring market. Moreover, government initiations to rise in awareness about the cardiovascular disorders among the people, grow in R&D activities for the development of advanced diagnostic devices, rise in demand for non-invasive diagnostic technique, increase in health awareness among the people, well-established healthcare infrastructure in developed and developing countries, and increase in healthcare expenditure are surge the global cardiac holter monitor market over the forecast years. However, unfavorable reimbursement policies for diagnosis, lack of skilled professionals, high cost of devices, and presence of alternate devices for cardiac monitoring are hamper the growth of global cardiac holter monitoring market.
Geographically, global cardiac holter monitor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America cardiac holter monitor market is poised to grow due to rise in prevalence of cardiac disorders in U.S. and Canada, rise in government funding for the cardiovascular treatments, and innovation of technologically advanced devices by the market players are bolster the market. Europe cardiac holter monitor market is driving by rise in adoption of newer cardiac holter monitor devices in developed countries, rise in prevalence of cardiac disorders due to change in lifestyle coupled with grow in health awareness among the people, and rise in disposable income are surge the market. Asia Pacific cardiac holter monitor market has prominent share attributed to increase in the medical tourism in Asia Pacific countries, rise in aging population in India, China, and Japan, and increase in incidence of cardiac arrhythmia and atrial fibrillation are fuel the market.
Latin America
Europe
Asia Pacific
Middle East
North America
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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