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.

The research report titled “Holter Monitoring Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, market size, product launches, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific, Latin America (Brazil, and Rest of Latin America), and Rest of World. End-user sectors analyzed in the report include Large Hospitals, Mid-Sized Hospitals, and Other Settings.

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