Cardiac Holter Monitor Market Analysis | 2021-2026

Cardiac Holter Monitor Market Analysis | 2021-2026

Cardiac Holter Monitor Market Analysis | 2021-2026
Report code - SR1713 Delivery - 2 Weeks
Cardiac Holter Monitor Market Size, Share, Trend, Forecast & Industry Analys See more...

“The Cardiac Holter Monitor Market was estimated at US$ 382.4 million in 2020 and is expected to grow at a CAGR of 6.5% during 2021-2026 to reach US$ 554.6 million by 2026.”

Cardiac-Holter-Monitor-Market-Forecast

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Market Dynamics

Introduction

A cardiac holter monitor is a battery-operated electrocardiography (ECG) device that helps in measuring and recording the heart’s activity for twenty-four to forty-eight hours. It consists of software, which interprets the recorded data and eventually helps the doctor in diagnosing if the heart is receiving enough oxygen and other diagnosing conditions associated with irregular cardiac rhythms like tachycardia, arrhythmia, and atrial fibrillation.

Cardiac Holter Monitor Market Report Overview

Market Size in 2026

USD 554.6 Million

Market Size in 2020

USD 382.4 Million

Market Growth (2021-2026)

6.5%

Forecast Period

2021-2026

Base Year of Study

2020

Trend Period

2015-2019

Market Drivers

Rapid urbanization, rising consumption of fast food, hectic work schedules, and a surge in the prevalence of cardiac blockages and arrests have been witnessed across the globe, which is expected to bolster product demand. In addition, government bodies in different countries are funding to increase awareness among individuals regarding different cardiovascular disorders, their prevention, and treatment. Also, a radical shift towards minimally invasive diagnostic tools and preventive healthcare devices further offers lucrative opportunities to the market players.

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COVID-19 Impact

The COVID-19 pandemic has moderately affected the cardiac holter monitor industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

End-Use Type

Hospitals and Clinics, Ambulatory Surgical Centers (ASCs), Homecare, Others

The hospitals and clinics segment dominates the market during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

The North American market holds a significant market share and is projected to grow at a healthy CAGR in the coming years.

End-Use Trends

“The hospitals and clinics segment dominates the market during the forecast period.”

The cardiac holter monitor market has been classified into hospitals and clinics, ambulatory surgical centers (ASCs), homes, and others. Under these, the hospitals and clinics segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period.

Hospitals are the first place where cardiac patients are brought in for diagnosis and treatment. A cardiac holter monitor is extensively used for measuring & recording the ECG waveform as well as the average heart rate of an adult patient, which further bolsters the segment growth.

Regional Analysis

“The North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years.”

Growing occurrences of cardiac stroke, changing lifestyles of the people and prevalence of improved healthcare facilities, increasing healthcare spending, rise in awareness regarding cardiovascular diseases, and favorable reimbursement & insurance plans, augment the regional market growth during the forecast timeline.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the cardiac holter monitor market (arranged alphabetically).

  • Biomedical Instruments (Germany)
  • BTL (US)
  • Fukuda (Japan)
  • GE Healthcare (US)
  • LifeWatch (Switzerland)
  • Nasiff (US)
  • Philips (Netherlands)
  • Schiller (Switzerland)
  • ScottCare (US)
  • Spacelabs Healthcare (US)

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Cardiac Holter Monitor Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Target Audience

Here is the list of the group of customers that the cardiac holter monitor market hopes to have the greatest opportunity to convert-

  • Cardiac Holter Monitor Companies
  • Cardiac Holter Monitor Distributors
  • Medical Companies
  • Government Organizations

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. 

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players).
  • SWOT analysis of key players (up to 3 players).

Market Segmentation

  • Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

A cardiac holter monitor is a battery-operated electrocardiography (ECG) device that helps in measuring and recording the heart’s activity for twenty-four to forty-eight hours. It consists of software, which interprets the recorded data and eventually helps the doctor in diagnosing if the heart is receiving enough oxygen and other diagnosing conditions associated with irregular cardiac rhythms like tachycardia, arrhythmia, and atrial fibrillation.

The cardiac holter monitor market is expected to witness an impressive growth of 6.5% CAGR in the coming years.

ScottCare (US), GE Healthcare (US), Spacelabs Healthcare (US), Fukuda (Japan), Nasiff (US), Philips (Netherlands), Biomedical Instruments (Germany), Schiller (Switzerland), BTL (US), and LifeWatch (Switzerland) are among the key players in the cardiac holter monitor market.

The cardiac holter monitor market size is expected to reach USD 554.6 million by 2026.

The hospitals and clinics segment held the largest share in the cardiac holter monitor market in 2020.

North America is expected to grow at a healthy CAGR in the cardiac holter monitor market in the next five years.

Cardiac Holter Monitor companies, Cardiac Holter Monitor distributors, medical companies, Government organizations are the target audience in the cardiac holter monitor market.