The Global Market for Holter Monitoring Systems is Projected to Reach US$516 Million by 2020
Technology Advancements Drive the Global Holter
Monitoring Systems Market, According to New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Holter Monitoring Systems. The global
market for Holter Monitoring Systems
is projected to reach US$516 million by 2020, driven by aging population, increasing incidence of
cardiovascular diseases, and technology advancements.
A form of
ambulatory electrocardiography, holter monitoring system represents a compact
version of an ECG that is used to measure and record electrical activity of a
patient’s heart. Holter monitors are used to record a patient’s cardiac rhythm
for 24 hours or longer to detect silent ischemia and other abnormalities that
can be stress-related, emotion-related, sleep related, and can be spontaneous
or random. These monitors are used for people with occasional heart
abnormalities that are not shown by normal ECG. Increasing incidence and
prevalence of cardiovascular diseases worldwide represent the key factor driving
demand for Holter Monitoring systems worldwide. Other factors driving growth
include aging population, continuous technology advancements, increasing shift
towards preventive care and growing demand from the developing countries, among
others. Rising healthcare costs and efforts to reduce duration of hospital
stays as part of cost-cutting measures are also expected to benefit demand for
holter monitoring systems.
Advances in
monitoring technology are primarily aimed at enhancing patient comfort, maintaining
skin integrity, and improving electrode-tissue interface for improved recording
and stimulation. Efforts are also aimed at development of economically priced
devices with superior electrical performance. Novel device advancements such as
patch holter recorder as well as algorithm advancements are poised to benefit
market expansion in the near term. Hybrid systems and disposable monitoring
devices are also expected to encourage adoption and frequency of use.
As stated by
the new market research report on Holter Monitoring Systems, the United States
represents the single largest market worldwide. Asia-Pacific represents the
fastest growing market with a CAGR of 6.9% over the analysis period. With
cardiovascular diseases becoming a cause of concern in the region, demand for
preventive care is rising, thereby fuelling demand for diagnostics devices used
in the area of cardiology. The massive untapped potential offered by the
underserved remote rural areas in China and India represent an important growth
driver in the region.
Key players
covered in the report include Braemar, Inc., Fukuda Denshi Co., Ltd., GE
Healthcare, Medicomp, Inc., Mortara Instrument, Inc., Philips Healthcare,
Schiller AG, Scottcare Corporation, Sorin Group, and Spacelabs Healthcare,
Inc., among others.
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