Global Cardiac Holter Monitor Market: By Product Type (Single Channel, Double Channel, Multi-Channel), By End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), Diagnostic Centers, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global cardiac holter monitor market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024.
Market Outline: Global Cardiac Holter Monitor Market
Cardiac holter monitor 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.
Market Dynamics: Global Cardiac Holter Monitor Market
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.
Market Scope: Global Cardiac Holter Monitor Market
Global cardiac holter monitor market is segmented based on product type and end user
Based on product type, market is segmented into the following:
- Single Channel
- Double Channel
Based on the end users, the market is segmented into the following:
- Ambulatory Surgical Centers (ASCs)
- Diagnostic Centers
Regional Analysis: Global Cardiac Holter Monitor 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.
Competition Assessment: Global Cardiac Holter Monitor Market
Some of the players in the global cardiac holter monitor market include:
- GE Healthcare (US)
- Koninklijke Philips N.V. (Netherlands)
- LifeWatch AG (Bio Telemetry, Inc.) (Switzerland)
- Biomedical Instruments Co.,Ltd. (China)
- Welch Allyn, Inc. (U.S.)
- Nasiff Associates, Inc. (U.S.)
- Spacelabs Healthcare (U.S.)
- The ScottCare Corporation (U.S.)
- Schiller AG (Switzerland)
- Fukuda Denshi Co. Ltd. (Japan)
Notable Market Developments: Global Cardiac Holter Monitor Market
- In July 2017, BioTelemetry, Inc. acquired LifeWatch AG for strengthening its cardiac holter monitoring device portfolio