Holter Monitor Market Forecast To 2026 Based On Market Data Of The Period 2018-2026
Holter
monitor is a battery-operated portable device that measures and
records cardiac activity for 24 to 48 hours. Holter monitors device
are used to detect and analyze cardiac arrhythmia, atrial
fibrillation, and bradycardia. The device has silver dollar-sized
electrodes, which can be attached to patients. The device is powered
by small battery electrocardiogram (ECG) appliance. The system is
incorporated with recorder and software to record heart rhythm and
analyze the recorded data respectively. It is majorly used in
patients diagnosed with coronary artery disease or post infarction
period. According to the American Heart Association, around 17.3
million deaths are caused due to cardiovascular disease worldwide
annually and number is anticipated to reach around 23.6 million by
2030. Increasing prevalence of cardiovascular disorders, adoption of
preventive healthcare measures by population are key drivers for
growth of global holter monitoring market.
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Holter
Monitor Market Taxonomy
On
the basis of Product Type, Holter Monitor Market is segmented into:
-
Single channel
-
Double channel
-
Multi-channel
On
the basis of End user, Holter Monitor Market is segmented into:
-
Hospitals
-
Ambulatory surgical center
-
Clinic
-
Homecare
Increasing
prevalence of cardiovascular diseases around the globe is expected to
fuel growth of the holter monitor market over the forecast period
On
the basis of Geography, Holter Monitor Market is segmented into North
America, Latin America, Asia Pacific, Middle East and Europe.
Increasing geriatric population and adoption of advanced healthcare
facilities by patients are major factors expected to drive the growth
of global cardiac holter monitor market over the forecast period.
Geriatric population is more prone to heart diseases as heart muscles
loose the resistance and capability to respond to different pressure
rates, in turn making them more susceptible to cardiac disorders.
According to the Center for Disease Control and Prevention (CDC), in
2012, around 117 million adults were suffering from one or more
chronic conditions. North America holds dominant position in holter
monitor market, owing high adoption of minimally aggressive
diagnostic tools by patients and supportive government regulations
and funding for treatment of cardiovascular disorder. According to
the report published by American Heart Association in 2015, an
estimated 450,000 deaths due to cardiac disorders in the U.S.
The
holter monitor device market of Asia Pacific region is expected to
grow at significant rate over the forecast period, owing to
increasing prevalence of chronic disorder cases and unhealthy
nutrition habits among rural population. Increasing awareness
regarding treatment of cardiac arrhythmia and atrial fibrillation
along with various programs conducted by world health organization
(WHO) for prevention of cardiovascular disorders are major factors
fueling growth of the holter monitor market in Asia Pacific.
Integration
of advanced technologies in medical devices is expected to boost
growth of the market. For instance, in 2015, Philips healthcare
incorporated wireless and Bluetooth technology in cardiac hotler
monitoring device. Shifting manufactures method towards customer
centric development of products is expected to propel growth of the
global holter monitor market over the forecast period.
Key
players operating holter equipment market include GE Healthcare,
FUKUDA DENSHI, Koninklijke Philips N.V., Philips Healthcare, Nasiff
Associates, Inc., LifeWatch AG, Schiller AG, Fukuda Denishi Co. Ltd.
Spacelabs Healthcare, and Welch Allyn.
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Monitor Market
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