Cardiac Holter Monitor Market Analysis | 2021-2026

“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.”

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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.

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

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.

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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?

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.

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