Enjoy complimentary customisation on priority with our Enterprise License!
The Holter monitor market share is expected to increase by USD 271.26 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.54%.
This Holter monitor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers Holter monitor market segmentation by channel (3-12 channels and 1-2 channels and others) and geography (North America, Europe, Asia, and ROW). The Holter monitor market report also offers information on several market vendors, including Boston Scientific Corp., Cardinal Health Inc., General Electric Co., HILL ROM HOLDINGS INC., iRhythm Technologies Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and Peerbridge Health among others.
Download the Free Report Sample to Unlock the Holter Monitor Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of cardiac disorders is notably driving the Holter monitor market growth, although factors such as the high cost of cardiac monitoring and surgeries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the Holter monitor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Holter Monitor Market Driver
One of the key factors driving growth in the Holter monitor market is the increasing prevalence of cardiac disorders. Cardiovascular diseases (CVDs) and non-coronary CVDs are the most common cause of death across the world. Factors such as diabetes, obesity, unhealthy diet, physical inactivity, and excessive tobacco and alcohol consumption increase the risk of CVDs. Irregular heartbeats result in the accumulation of blood in the pulmonary veins, which leads to the collection of fluids in the lungs. The collection of fluids in the lungs and the deficiency of oxygen-rich blood in the body cause fatigue and shortness of breath and reduce stamina. They can also lead to heart failure. The geriatric population is at a high risk of structural heart diseases, such as AF. Hence, the growing proportion of the geriatric population across the world will increase the prevalence of cardiac disorders such as AF, which will result in the demand for Holter monitors during the forecast period.
Key Holter Monitor Market Trend
Strategic alliances have the potential to enable companies that manufacture medical equipment to explore additional opportunities without incurring a considerable financial burden. Such alliances for product development and product commercialization provide vendors with multiple benefits such as cost containment, extended product lines, and wide geographic reach. All these factors have the potential to drive the growth of the Holter monitor market.
Key Holter Monitor Market Challenge
The high cost of cardiac monitoring and surgeries will be a major challenge for the Holter monitor market during the forecast period. Patients who require cardiac surgeries must undergo diagnostic and surgical procedures. During the hospital stay, diagnosis, monitoring, surgical procedures, and postoperative care are required. The high cost of cardiac monitoring devices can increase the cost burden on healthcare service providers. Skilled healthcare professionals are required to perform complex cardiac procedures and operate advanced devices such as robotic surgical platforms. The high cost of trained and skilled professionals also increases the cost of cardiac surgeries. Hence, the high cost of Holter monitor and cardiac ablation procedures can prevent patients from seeking treatments, which could limit the adoption of Holter monitors. All these factors can affect the growth of the global Holter monitor market.
This Holter monitor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The growth of the global healthcare equipment market will be driven by factors such as increasing life expectancy, expanding access to quality healthcare in emerging economies, sedentary lifestyle, increase in the prevalence of chronic conditions, and consolidation of the healthcare equipment industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the Holter monitor market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the Holter monitor market encompasses successful business strategies deployed by the key vendors. The Holter monitor market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The Holter monitor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the Holter monitor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global healthcare equipment market encompasses a list of iterative steps that are essential to bring launch products in the commercial market from their raw material form. Of the six distinct phases in the value chain of the healthcare equipment industry, the R&D phase has significant value and accounts for most of the capital costs. Manufacturing and assembly are considered low-value processes. The final three stages of the value chain, which are distribution, marketing and sales, and post-sales services, are considered high-value processes.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Channel
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.