ScottCare Cardiovascular Solutions, General Electric Company, Schiller, Nasiff Associates, Inc., Koninklijke Philips N.V., BPL Medical Technologies, Nihon Kohden Corporation, and Medtronic, among others, are the key players in the global cardiac holter monitor market.
The global cardiac holter monitor market is projected to grow at a CAGR of about 6.2% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing preference for minimally invasive diagnostic tools.
The market is driven by growing urbanisation, rising demand for innovative and technologically advanced devices and surging cases of cardiac blockages and arrests. Furthermore, government initiatives for creating more awareness for treating cardiovascular disorders are aiding the cardiac holter monitor market. In addition, the increasing consumption of ready-to-eat in North America is resulting in cardiac concerns, thereby boosting the market growth.
Koninklijke Philips N.V. (AMS: PHIA) completed the acquisition of BioTelemetry, Inc. in February 2021. BioTelemetry, Inc. provides short and long term holter monitoring services and has one of the largest remote cardiac monitoring services globally. The acquisition will allow Koninklijke Philips N.V. to increase its reach in the cardiac care sector.
General Electric Company (NYSE: GE) provides two types of reliable and clinically versatile holter monitors which can analyse ST-segment measurement, Atrial fibrillation, pacemaker, and heart rate variability. The increasing awareness and acquisitions in the market are augmenting the cardiac holter monitor market globally.
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|Headquarters:||Ohio, United States|
ScottCare Cardiovascular Solutions is an American provider of cardiovascular healthcare products for cardiology offices, hospitals, and independent diagnostic testing facilities to diagnose and manage cardiovascular diseases. The company develops, markets, and sells cardiac monitoring solutions such as, VersaCare, CardioView Dx and Ambucor, for diagnosis, monitoring, and rehabilitation, and is a market leader in telemetry systems. ScottCare Cardiovascular Solutions is a division of Scott Fetze, a manufacturer and distributor of consumer and commercial products.
|Headquarters:||Massachusetts, United States|
General Electric Company is a diversified global technology and financial services company operating in power, renewable energy, aviation, and healthcare industries. The company's offering portfolio of products and services include oil and gas production equipment, aircraft engines, power generation, industrial products, medical imaging, and financing. It operates in over 170 countries with about 174,000 employees globally.
Schiller is a Swiss multinational company and a leading manufacturer and supplier of dedicated products for patient monitoring, defibrillation, cardiopulmonary diagnostics, and software solutions worldwide. The company's products include devices for measuring blood pressure, pulmonary function testing, resting ECG, holter and other devices. It is renowned for its unique products like FRED easyport®, the world's smallest defibrillator. Schiller has a workforce of about 1000 employees and has over 30 subsidiaries globally.
|Headquarters:||New York, United States|
Nasiff Associates, Inc. is a United States-based medical technology company that produces therapeutic PC solutions for developing diagnostic and administrative products. The company was the first to manufacture clinically useful PC-based ECG and PC-based stress ECG systems. The company offers Bluetooth, mobile, portable and telemetry ECG systems, CardioStress testing system, CardioHolter monitoring system and others, and has alliances with various companies worldwide.
|Headquarters:||Eindhoven, the Netherlands|
Koninklijke Philips N.V. is a Dutch multinational corporation that provides products and services for image-guided therapy, health informatics, diagnostic imaging, patient monitoring, consumer health, and home care. The company also offers products for lighting, automotive, hearing, display, and dictation purposes. It has over 64,500 patents and invests more than EUR 1.9 billion for research and development purposes. Koninklijke Philips N.V. employs over 80,000 people in more than 100 countries.
BPL Medical Technologies is an Indian multinational company based in Karnataka’s Bangalore that specialises in providing products and services for cardiology, critical care and surgery, imaging, mother and childcare, homecare, and healthcare consumables. The products marketed by the company include ECGs, defibrillators, ECG Holter and ABPM, patient monitors, anaesthesia workstation, penlon products, ventilators, ultrasounds, oxygen concentrators and many others. BPL Medical Technologies has about 600 employees in 14 offices across India.
Nihon Kohden Corporation is a Japanese manufacturer and seller of medical equipment, transformers, and power switches and devices such as EMG measuring systems, EEGs, clinical information systems, ECGs, and patient monitors in more than 120 countries worldwide. The company is a leading distributor of medical devices in Japan and has subsidiaries in the United States, Europe and Asia and employs 5,531 people.
A multinational company based out of Ireland, Medtronic offers specialised medical technologies and services, with a wide range of products ranging from cardiac devices to patient monitoring systems, insulin pumps, tools for surgery, and spine and cranial robotics. They cater to clinicians, physicians, hospitals, and patients located across over 150 countries. The company has more than 76 manufacturing units, along with 21 dedicated labs and sites for research development. Their workforce was estimated to comprise of nearly 90,000 employees worldwide.
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