Global Cardiac Holter Monitor Market Size To Grow At A CAGR Of 6.2% In The Forecast Period Of 2023-2031

The 'Global Cardiac Holter Monitor Market Size, Share, Growth, Analysis, Report and Forecast 2023-2031' by Expert Market Research gives an extensive outlook of the global cardiac Holter monitor market, assessing the market on the basis of its segments like product type, component, end use, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.

Cardiac Holter Monitor Market Size, Share, Price, Growth, Trends, Industry Report, Key Players, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2031)

Forecast CAGR (2023-2031): 6.25%

Rising health awareness pertaining to increasing cases of heart conditions is a key factor driving the growth of the global cardiac Holter monitor market. Hectic work schedules, rising urbanisation, and increased fast food consumption have surged the prevalence of cardiac arrests, blockages, and other complications. The rising demands for technologically advanced devices for assisting in diagnosis of heart conditions is driving the growth of the market for cardiac Holter monitors. Additionally, rising investments by several governments in order to spread awareness about the device and various heart disorders among individuals, so that they can receive proper diagnosis and treatment, is yet another crucial market driver.

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Increasing shift of the customer base towards non- and minimally-invasive preventive healthcare devices and diagnostic tools is accelerating the growth of the cardiac Holter monitor market. Additionally, growing development and research activities by key players so as to develop and launch miniaturised and innovative products in the market that provide greater convenience is further driving the market growth for cardiac Holter monitors. Several product approvals, advancements, and new product launches by major market players is anticipated to drive the growth of the market over the forecast period.

Cardiac Holter Monitor Industry Definition and Major Segments

A cardiac Holter monitor is a battery operated and portable electrocardiography (ECG) device which is used for recording continuous heart rhythms for a duration of 24 to 48 hours. It comprises of electrodes, monitor, and software to aid in interpretation of recorded data to determine if the heart is getting sufficient supply of oxygen, among others.

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On the basis of product type, the market is divided into:

1-Channel
2-Channel
3-Channel
12-Channel
Others

Based on component, the market is segregated into:

Holter Monitoring Devices
Event Monitoring Devices
Holter Analysis System and Software

On the basis of end use, the market is segmented into:

Hospitals and Clinics
Ambulatory Surgical Centers (ASCs)
Homecare
Others

Based on region, the market is classified into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Cardiac Holter Monitor Market Trends

The key trends in the global cardiac Holter monitor market include increasing geriatric population, rising prevalence of cardiovascular disorders, and growing demands of cardiac Holter monitors among healthcare professionals, and physicians. Incorporation of Bluetooth and wireless technology so as to make the device operations hassle free and convenient have increased the patient preference for cardiac Holter monitors. Physicians and other healthcare professionals prefer cardiac Health monitors as they allow immediate transference of data and provide accurate assessments regarding cardiac arrhythmias.

Development of next generation electrocardiography devices for application in research and academic institutions in order to improve the efficiency, accessibility, accuracy, and efficiency of electrocardiography studies is boosting the growth of the cardiac Holter monitor market. The user friendly and easily applicable nature of cardiac Holter monitors makes them suitable for at home applications.

In regional terms, North America accounts for a major portion of the market due to the widespread prevalence of cardiac concerns as well as the well-established healthcare infrastructure. Busy schedules have resulted in increased consumption of sodium rich ready-to-eat food items which increase the risk of cardiac arrests and blockages, thus, boosting the market for cardiac Holter in the region as these devices aid in accurately diagnosing heart problems.

Key Market Players

The major players in the global cardiac Holter monitor market report are, ScottCare Cardiovascular Solutions, General Electric Company, Schiller, Nasiff Associates, Inc., Koninklijke Philips N.V., BPL Medical Technologies, Nihon Kohden Corporation, and Medtronic, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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