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Global Cardiac Holter Monitor Market: By Product Type; By Component: Holter Monitoring Devices, Event Monitoring Devices, Holter Analysis System and Software; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Cardiac Holter Monitor Market Outlook
The global cardiac Holter monitor market size reached a value of almost USD 352 million in the year 2020. The industry is further expected to grow at a CAGR of 6.2% between 2021 and 2026 to reach a value of almost USD 505 million by 2026.
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The global cardiac Holter monitor market is led by the rising preference for minimally invasive diagnostic tools. North America is the leading regional market for cardiac Holter monitor. The market is aided by the rapid urbanisation and hectic work schedules in the region, which has resulted in the increasing consumption rate of ready-to-eat (RTE) food products, which are high in the sodium quantity. On account of this, there is a rising prevalence of cardiac blockages and arrests, thus boosting the market for cardiac Holter monitor, which helps in diagnosing these problems accurately.
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Market Segmentation
A cardiac Holter monitor is referred to as battery-operated portable electrocardiography (ECG) device, which records the heart rhythm continuously for about 24 to 48 hours. It comprises of a monitor, software, and electrodes, which help in interpreting the recorded data, determining if the heart is getting enough oxygen and diagnosing conditions associated with irregular cardiac rhythms, such as arrhythmia, tachycardia, and atrial fibrillation.
The market is segmented on the basis of product type into:
- 1-Channel
- 2-Channel
- 3-Channel
- 12-Channel
- Others
On the basis of component, the market is divided 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
The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global cardiac Holter monitor market is driven by the rising urbanisation, busy work schedules, and increasing consumption of fast food, which has resulted in the prevalence of cardiac blockages and arrests. The market is further aided by the growing demand for technologically advanced devices that assist in diagnosing health problems correctly. In addition to this, the governments of several countries is investing in the initiatives, which help create more awareness among individuals regarding various cardiovascular disorders, their prevention and cure or treatment, furthering the market growth of cardiac holter monitor.
The market for cardiac holter monitor is accelerated by the increasing shift of the consumer base toward minimally invasive diagnostic tools and preventive healthcare devices. In confluence with this, the manufacturers are launching innovative and miniaturised products in the market that extend greater convenience. iRhythm Technologies, for instance, a digital healthcare company, has launched Zio Patch, which integrates the holter monitor into a small pedometer-sized device with an adhesive backing.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global cardiac holter monitor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ScottCare Cardiovascular Solutions
- General Electric Company
- Schiller
- Nasiff Associates, Inc.
- Koninklijke Philips N.V.
- BPL Medical Technologies
- Nihon Kohden Corporation
- Medtronic
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Component, End Use, Region |
| Breakup by Product Type | 1-Channel, 2-Channel, 3-Channel, 12-Channel, Others |
| Breakup by Component | Holter Monitoring Devices, Event Monitoring Devices, Holter Analysis System and Software |
| Breakup by End Use | Hospitals and Clinics, Ambulatory Surgical Centers (ASCs), Homecare, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ScottCare Cardiovascular Solutions, General Electric Company, Schiller, Nasiff Associates, Inc., Koninklijke Philips N.V., BPL Medical Technologies, Nihon Kohden Corporation, Medtronic, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cardiac Holter Monitor Market Analysis
8.1 Key Industry Highlights
8.2 Global Cardiac Holter Monitor Historical Market (2017-2021)
8.3 Global Cardiac Holter Monitor Market Forecast (2022-2027)
8.4 Global Cardiac Holter Monitor Market by Product Type
8.4.1 1-Channel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 2-Channel
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 3-Channel
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 12-Channel
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global Cardiac Holter Monitor Market by Component
8.5.1 Holter Monitoring Devices
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Event Monitoring Devices
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Holter Analysis System and Software
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Cardiac Holter Monitor Market by End Use
8.6.1 Hospitals and Clinics
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Ambulatory Surgical Centers (ASCs)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Homecare
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Cardiac Holter Monitor Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players’ Market Share
12.3 Company Profiles
12.3.1 ScottCare Cardiovascular Solutions
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 General Electric Company
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Schiller
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Nasiff Associates, Inc.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Koninklijke Philips N.V.,
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 BPL Medical Technologies
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Nihon Kohden Corporation
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.7.3 Demographic Reach and Achievements
12.3.7.4 Certifications
12.3.8 Medtronic
12.3.8.1 Company Overview
12.3.8.2 Product Portfolio
12.3.8.3 Demographic Reach and Achievements
12.3.8.4 Certifications
12.3.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Cardiac Holter Monitor Market: Key Industry Highlights, 2016 and 2026
2. Global Cardiac Holter Monitor Historical Market: Breakup by Product Type (USD Million), 2017-2021
3. Global Cardiac Holter Monitor Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4. Global Cardiac Holter Monitor Historical Market: Breakup by Component (USD Million), 2017-2021
5. Global Cardiac Holter Monitor Market Forecast: Breakup by Component (USD Million), 2022-2027
6. Global Cardiac Holter Monitor Historical Market: Breakup by End Use (USD Million), 2017-2021
7. Global Cardiac Holter Monitor Market Forecast: Breakup by End Use (USD Million), 2022-2027
8. Global Cardiac Holter Monitor Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Cardiac Holter Monitor Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Cardiac Holter Monitor Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Cardiac Holter Monitor Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Cardiac Holter Monitor Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Cardiac Holter Monitor Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Cardiac Holter Monitor Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Cardiac Holter Monitor Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Cardiac Holter Monitor Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Cardiac Holter Monitor Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Cardiac Holter Monitor Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Cardiac Holter Monitor Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global Cardiac Holter Monitor Market Structure
Key Questions Answered in the Report
In 2020, the global cardiac Holter monitor market attained a value of nearly USD 352 million.
The market is projected to grow at a CAGR of 6.2% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 505 million by 2026.
The major drivers of the industry, such as increasing health awareness, rising product demand from the developing regions, increasing prevalence of cardiovascular disorders, rapid urbanisation, and the growing demand for minimally invasive diagnostic tools, are expected to aid the market growth.
The key market trend guiding the growth of the cardiac holter monitor market include the launch of innovative and miniaturised devices offering greater convenience to consumers coupled with growing technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
The major product types of cardiac Holter monitor include 1-channel, 2-channel, 3-channel, 12-channel, and others.
Holter monitoring devices, event monitoring devices, and analysis system and software are the significant components of the product in the industry.
The hospitals and clinics, ambulatory surgical centres (ASCs), and homecare, among others represent the major end-use sectors for the product.
The major players in the industry 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.
Analyst Review
The global cardiac Holter monitor market attained a value of USD 352 million in 2020, driven by the growing instances of cardiovascular disorders and growing consumer preference for minimally invasive diagnostic tools. Aided by the innovation of miniaturised diagnostic devices with advanced features, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.2%. The cardiac Holter monitor market is projected to reach USD 505 million by 2026.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product-types, the cardiac Holter monitor industry can be segmented into 1-channel, 2-channel, 3-channel, 12-channel, and others. On the basis of components, the industry is categorised into Holter monitoring devices, event monitoring devices, and analysis system and software. On the basis of end-use sectors, the industry is segregated into hospitals and clinics, ambulatory surgical centres (ASCs), and homecare, among others. The major regional markets for cardiac Holter monitor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include ScottCare Cardiovascular Solutions, General Electric Company, Schiller, Nasiff Associates, Inc., Koninklijke Philips N.V., BPL Medical Technologies, Nihon Kohden Corporation, and Medtronic, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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