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Cardiac Holter Monitor Market

Cardiac Holter Monitor Market (Product - 1-Channel, 2-Channel, 3-Channel, and 12-Channel; End User - Hospitals, Ambulatory Surgical Centers, Clinics, and Homecare Settings) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Cardiac Holter Monitor Market: Snapshot

Cardiac Holter monitors are used for recording heart’s electrical activities. The device operates on a small battery to records heart rhythm for 24-48 hours. The Holter monitor device consists of a recorder, for recording the heart’s rhythm and a software, which is utilized to interpret the recorded data. The cardiac Holter monitor is most commonly used to diagnose and analyze cardiac arrhythmia, atrial fibrillation, and bradycardia. Rise in government funding to create awareness about cardiovascular disorders and its prevention, shift of population towards preventive healthcare, and investments in research and development of advanced diagnostic devices are the key drivers in the global market.

 

cardiac holter monitor market

 

Integration of Latest Technologies in Cardiac Holter Monitors Boosts Demand

In light of these reasons, the global cardiac Holter monitor market is expected to be worth US$518.9 mn by the end of 2024 as compared to US$293.8 mn in 2015. During the forecast period of 2016 and 2024, the global market is expected to expand at a CAGR of 6.6%. Despite the headstrong market drivers, the global market is likely to be challenged by the high cost of devices, error in signal processing, and lack of trained and qualified staff for appropriate usage of the devices. Be as that may, incorporation of wireless and Bluetooth technology in the cardiac holter, shifting of manufacturers’ approach towards customer centric development of products are the some of the trends that are likely to benefit the global market in the coming years.

Based on product type, the global cardiac holter monitor market is classified as 1 channel, 2 channel, 3 channel, 12 channel, and others. The others segment includes 4 channel, 5 channel, 7 channel, and 10 channel cardiac holters. The 3 channel holters held the largest share in 2015 due to rising prevalence of cardiovascular disorders, rising geriatric population, and improved reimbursement policies. The segment is anticipated to remain dominant in the market along with 12 channel segment in the forecast period. The major factors responsible for the rise are increasing needs and demands by cardiologists for technologically compatible and efficient diagnostic devices and improved signal recording efficiency of 12 channel holter.

With Increasing Investments in Research and Developments, North America Assumes Lead

Geographically, the global cardiac holter monitor market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America accounted for the largest share of cardiac holter market in 2015, due to increasing patients’ preference towards minimally invasive diagnostic tools and improved government funding for cardiovascular disorder treatments. North America is expected to remain dominant in the cardiac holter monitor market, which is attributed to the investments being made by key players in medical devices industry, and consistent rise in incidences of cardiovascular disorders in North America. Asia Pacific is anticipated to be the fastest growing segment, with highest CAGR in the coming years. Rising prevalence of cardiac arrhythmia & atrial fibrillation, various programs for the prevention of cardiovascular disorders conducted by WHO are the factors responsible for the high growth rate of Asia Pacific region in the forecast period.

The key players operating in the global cardiac holter monitor market are GE Healthcare, FUKUDA DENSHI, Koninklijke Philips N.V., Spacelabs Healthcare, Welch Allyn, Schiller, BTL, Nasiff Associates, Inc., LifeWatch AG, Biomedical Instruments Co., Ltd., and The ScottCare Corporation. To stay ahead in the robust competition, the key players in the market are involved in incorporating technologically advanced and novel features in their products.

The global cardiac holter monitor market has been segmented as given below:

by Product Type
  • 1-Channel
  • 2-Channel
  • 3-Channel
  • 12-Channel
  • Others

by End-user
  • Hospitals 
  • Ambulatory Surgical Centres
  • Clinics
  • Homecare Settings

by Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Rest of Middle East & Africa

    1. Preface
         1.1. Market Definition and Scope
         1.2. Market Segmentation
         1.3. Key Research Objectives
         1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary: Global Cardiac Holter Monitor Market

    4. Market Overview
         4.1. Introduction
                4.1.1. Product Definition
                4.1.2. Industry Evolution / Developments
         4.2. Overview
         4.3. Key Market Indicators
                4.3.1. Region/Country Specific
                4.3.2. Product/Application/Technology Specific
                4.3.3. Target Market Specific – Global Scenario
         4.4. Market Dynamics
                4.4.1. Drivers
                4.4.2. Restraints
                4.4.3. Opportunity
         4.5. Porter’s Five Force Analysis
         4.6. Value Chain Analysis
         4.7. Market Outlook

    5. Global Cardiac Holter Monitor Market Analysis and Forecasts, By Product 
         5.1. Introduction & Definition
         5.2. Key Findings / Developments
         5.3. Key Trends
         5.4. Market Value/Volume Forecast By Product, 2014–2024
                5.4.1. 1 Channel
                5.4.2. 2 Channel
                5.4.3. 3 Channel
                5.4.4. 12 Channel
                5.4.5. Others
         5.6. Market Attractiveness By Product 

    6. Global Cardiac Holter Monitor Market Analysis and Forecasts, By End User 
         6.1. Introduction & Definition
         6.2. Key Findings / Developments
         6.3. Key Trends
         6.4. Market Value/Volume Forecast By End User, 2014–2024
                6.4.1. Hospitals
                6.4.2. Ambulatory Surgical Centers
                6.4.3. Clinics
                6.4.4. Homecare Settings

    7. Global Cardiac Holter Monitor Market Analysis and Forecasts, By Region
         7.1. Key Findings
         7.2. Policies and Regulations
         7.3. Market Value/Volume Forecast By Region
                7.3.1. North America 
                7.3.2. Europe 
                7.3.3. Asia Pacific 
                7.3.4. Latin America 
                7.3.5. Middle East & Africa 
         7.4. Market Attractiveness By Country/Region

    8. North America Cardiac Holter Monitor Market Analysis and Forecast
         8.1. Introduction
                8.1.1. Key Findings
                8.1.2. Key Trends
         8.2. Market Value/Volume Forecast By Product, 2014–2024
                8.2.1. 1 Channel
                8.2.2. 2 Channel
                8.2.3. 3 Channel
                8.2.4. 12 Channel
                8.2.5. Others
         8.3. Market Value/Volume Forecast By End User, 2014–2024
                8.3.1. Hospitals
                8.3.2. Ambulatory Surgical Centers
                8.3.3. Clinics
                8.3.4. Homecare Settings
         8.4. Market Value/Volume Forecast By Country, 2014–2024
                8.4.1. U.S.
                8.4.2. Canada
         8.5. Market Attractiveness Analysis 
                8.5.1. By Product 
                8.5.2. By End User 
                8.5.3. By Country

    9. Europe Cardiac Holter Monitor Market Analysis and Forecast
         9.1. Introduction
                9.1.1. Key Findings
                9.1.2. Key Trends
         9.2. Market Value/Volume Forecast By Product, 2014–2024
                9.2.1. 1 Channel
                9.2.2. 2 Channel
                9.2.3. 3 Channel
                9.2.4. 12 Channel
                9.2.5. Others
         9.3. Market Value/Volume Forecast By End User, 2014–2024
                9.3.1. Hospitals
                9.3.2. Ambulatory Surgical Centers
                9.3.3. Clinics
                9.3.4. Homecare Settings
         9.4. Market Value/Volume Forecast By Country, 2014–2024
                9.4.1. Germany
                9.4.2. U.K.
                9.4.3. Italy
                9.4.4. Spain
                9.4.5. France
                9.4.6. Russia
                9.4.7. Rest of Europe
         9.5. Market Attractiveness Analysis 
                9.5.1. By Product 
                9.5.2. By End User 
                9.5.3. By Country

    10. Asia Pacific Cardiac Holter Monitor Market Analysis and Forecast
         10.1. Introduction
                10.1.1. Key Findings
                10.1.2. Key Trends
         10.2. Market Value/Volume Forecast By Product, 2014–2024
                10.2.1. 1 Channel
                10.2.2. 2 Channel
                10.2.3. 3 Channel
                10.2.4. 12 Channel
                10.2.5. Others
         10.3. Market Value/Volume Forecast By End User, 2014–2024
                10.3.1. Hospitals
                10.3.2. Ambulatory Surgical Centers
                10.3.3. Clinics
                10.3.4. Homecare Settings
         10.4. Market Value/Volume Forecast By Country, 2014–2024
                10.4.1. China
                10.4.2. Japan
                10.4.3. India
                10.4.4. Rest of Asia Pacific
         10.5. Market Attractiveness Analysis 
                10.5.1. By Product 
                10.5.2. By End User 
                10.5.3. By Country

    11. Latin America Cardiac Holter Monitor Market Analysis and Forecast
         11.1. Introduction
                11.1.1. Key Findings
                11.1.2. Key Trends
         11.2. Market Value/Volume Forecast By Product , 2014–2024
                11.2.1. 1 Channel
                11.2.2. 2 Channel
                11.2.3. 3 Channel
                11.2.4. 12 Channel
                11.2.5. Others
         11.3. Market Value/Volume Forecast By End User, 2014–2024
                11.3.1. Hospitals
                11.3.2. Ambulatory Surgical Centers
                11.3.3. Clinics
                11.3.4. Homecare Settings
         11.4. Market Value/Volume Forecast By Country, 2014–2024
                11.4.1. Brazil
                11.4.2. Mexico
                11.4.3. Rest of Latin America
         11.5. Market Attractiveness Analysis 
                11.5.1. By Product 
                11.5.2. By End User 
                11.5.3. By Country

    12. Middle East & Africa Cardiac Holter Monitor Market Analysis And Forecast
         12.1. Introduction
                12.1.1. Key Findings
                12.1.2. Key Trends
         12.2. Market Value/Volume Forecast By Product, 2014–2024
                12.2.1. 1 Channel
                12.2.2. 2 Channel
                12.2.3. 3 Channel
                12.2.4. 12 Channel
                12.2.5. Others
         12.3. Market Value/Volume Forecast By End User , 2014–2024
                12.3.1. Hospitals
                12.3.2. Ambulatory Surgical Centers
                12.3.3. Clinics
                12.3.4. Homecare Settings
         12.4. Market Value/Volume Forecast By Country , 2014–2024
                12.4.1. South Africa
                12.4.2. GCC Countries
                12.4.3. Rest of Middle East & Africa
         12.5. Market Attractiveness Analysis 
                12.5.1. By Product 
                12.5.2. By End User 
                12.5.3. By Country

    13. Competition Landscape
         13.1. Market Player – Competition Matrix (By Tier and Size of Companies)
         13.2. Company Profiles 
                13.2.1. GE Healthcare
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.2. FUKUDA DENSHI
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.3. Koninklijke Philips N.V.
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.4. Spacelabs Healthcare
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.5. Welch Allyn
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.6. Schiller
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.7. Nasiff Associates, Inc.
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.8. LifeWatch AG
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.9. Biomedical Instruments Co., Ltd.
    Overview
    Financials 
    Recent Developments
    Strategy
                13.2.10. The ScottCare Corporation. 
    Overview
    Financials 
    Recent Developments
    Strategy

    14. Key Take Away

    List of Tables

    Table 1: Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Product, 2014–2024
    Table 2: Cardiac Holter Monitor Market Volume (Units) Forecast, by Product, 2014–2024
    Table 3: Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by End-user, 2014–2024
    Table 4: Cardiac Holter Monitor Market Volume (Units) Forecast, by End-user, 2014–2024
    Table 5: Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Region, 2014–2024
    Table 6: Cardiac Holter Monitor Market Volume (Units) Forecast, by Region, 2014–2024
    Table 7: North America Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Product, 2014–2024
    Table 8: North America Cardiac Holter Monitor Market Volume (Units) Forecast, by Product, 2014–2024
    Table 9: North America Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by End-user, 2014–2024
    Table 10: North America Cardiac Holter Monitor Market Volume (Units) Forecast, by End-user, 2014–2024
    Table 11: North America Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Country, 2014–2024
    Table 12: North America Cardiac Holter Monitor Market Volume (Units) Forecast, by Country, 2014–2024
    Table 13: Europe Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Product, 2014–2024
    Table 14: Europe Cardiac Holter Monitor Market Volume (Units) Forecast, by Product, 2014–2024
    Table 15: Europe Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by End-user, 2014–2024
    Table 16: Europe Cardiac Holter Monitor Market Volume (Units) Forecast, by End-user, 2014–2024
    Table 17: Europe Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Country, 2014–2024
    Table 18: Europe Cardiac Holter Monitor Market Volume (Unit) Forecast, by Country, 2014–2024
    Table 19: Asia Pacific Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Product, 2014–2024
    Table 20: Asia Pacific Cardiac Holter Monitor Market Volume (Units) Forecast, by Product, 2014–2024
    Table 21: Asia Pacific Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by End-user, 2014–2024
    Table 22: Asia Pacific Cardiac Holter Monitor Market Volume (Units) Forecast, by End-user, 2014–2024
    Table 23: Asia Pacific Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Country, 2014–2024
    Table 24: Asia Pacific Cardiac Holter Monitor Market Volume (Units) Forecast, by Country, 2014–2024
    Table 25: Latin America Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Product, 2014–2024
    Table 26: Latin America Cardiac Holter Monitor Market Volume (Units) Forecast, by Product, 2014–2024
    Table 27: Latin America Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by End-user, 2014–2024
    Table 28: Latin America Cardiac Holter Monitor Market Volume (Units) Forecast, by End-user, 2014–2024
    Table 29: Latin America Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Country, 2014–2024
    Table 30: Latin America Cardiac Holter Monitor Market Volume (Units) Forecast, by Country, 2014–2024
    Table 31: Middle East & Africa Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Product, 2014–2024
    Table 32: Middle East & Africa Cardiac Holter Monitor Market Volume (Units) Forecast, by Product, 2014–2024
    Table 33: Middle East & Africa Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by End-user, 2014–2024
    Table 34: Middle East & Africa Cardiac Holter Monitor Market Volume (Units) Forecast, by End-user, 2014–2024
    Table 35: Middle East & Africa Cardiac Holter Monitor Market Size (US$ Mn) Forecast, by Country, 2014–2024
    Table 36: Middle East & Africa Cardiac Holter Monitor Market Volume (Units) Forecast, by Country, 2014–2024

    List of Figures

    FIG. 1: Cardiac Holter Monitor Market Size (US$ Mn) Forecast, 2014–2024
    FIG. 2: Market Value Share, by Product Type (2016)
    FIG. 3: Market Value Share, by End-user (2016)
    FIG. 4: Market Value Share, by Region (2016)
    FIG. 5: Cardiac Holter Monitor Market Value Share Analysis, by Product, 2016 and 2024
    FIG. 6: Global 1-Channel Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 7: Global 2-ChannelMarket Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 8: Global 3-Channel Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 9: Global 12-Channel Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 10: Global Others Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 11: Cardiac Holter Monitor Market Attractiveness Analysis, by Product, 2016-2024
    FIG. 12: Cardiac Holter Monitor Market Value Share Analysis, by End-user, 2016 and 2024
    FIG. 13: Global Hospital Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 14: Global Ambulatory Surgical Centers Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 15: Global Clinics Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 16: Global Homecare Settings Market Revenue (US$ Mn) and Y-o-Y Growth Projection (%), 2014–2024
    FIG. 17: Cardiac Holter Monitor Market Attractiveness Analysis, by End-user, 2016-2024
    FIG. 18: Cardiac Holter Monitor Market Value Share Analysis, by Region, 2016 and 2024
    FIG. 19: Cardiac Holter Monitor Market Attractiveness Analysis, by Region, 2016-2024
    FIG. 20: North America Cardiac Holter Monitor Market Size (US$ Mn) Forecast, 2014–2024
    FIG. 21: North America Market Attractiveness Analysis, by Country, 2016–2024
    FIG. 22: North America Cardiac Holter Monitor Market Value Share Analysis, by Product, 2016 and 2024
    FIG. 23: North America Cardiac Holter Monitor Market Value Share Analysis, by End-user, 2016 and 2024
    FIG. 24: North America Cardiac Holter Monitor Market Value Share Analysis, by Country, 2016 and 2024
    FIG. 25: North America Market Attractiveness Analysis, by Product, 2016–2024
    FIG. 26: North America Market Attractiveness Analysis, by End-user, 2016–2024
    FIG. 27: Europe Cardiac Holter Monitor Market Size (US$ Mn) and Y-o-Y Growth (%) Forecast, 2014-2024
    FIG. 28: Europe Market Attractiveness Analysis, by Country, 2016–2024
    FIG. 29: Europe Cardiac Holter Monitor Market Value Share Analysis, by Product, 2016 and 2024
    FIG. 30: Europe Cardiac Holter Monitor Market Value Share Analysis, by End-user, 2016 and 2024
    FIG. 31: Europe Cardiac Holter Monitor Market Value Share Analysis, by Country, 2016 and 2024
    FIG. 32: Europe Market Attractiveness Analysis, by Product, 2016–2024
    FIG. 33: Europe Market Attractiveness Analysis, by End-user, 2016–2024
    FIG. 34: Asia Pacific Cardiac Holter Monitor Market Size (US$ Mn) and Y-o-Y Growth (%) Forecast, 2014-2024
    FIG. 35: Asia Pacific Cardiac Holter Monitor Market Attractiveness Analysis, by Country, 2016–2024
    FIG. 36: Asia Pacific Cardiac Holter Monitor Market Value Share Analysis, by Product, 2016 and 2024
    FIG. 37: Asia Pacific Cardiac Holter Monitor Market Value Share Analysis, by End-user, 2016 and 2024
    FIG. 38: Asia Pacific Cardiac Holter Monitor Market Value Share Analysis, by Country, 2016 and 2024
    FIG. 39: Asia Pacific Market Attractiveness Analysis, by Product, 2016–2024
    FIG. 40: Asia Pacific Market Attractiveness Analysis, by End-user, 2016–2024
    FIG. 41: Latin America Cardiac Holter Monitor Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2014–2024
    FIG. 42: Latin America Market Attractiveness Analysis, by Country, 2016–2024
    FIG. 43: Latin America Cardiac Holter Monitor Market Value Share Analysis, by Product, 2016 and 2024
    FIG. 44: Latin America Cardiac Holter Monitor Market Value Share Analysis, by End-user, 2016 and 2024
    FIG. 45: Latin America Cardiac Holter Monitor Market Value Share Analysis, by Country, 2016 and 2024
    FIG. 46: Latin America Market Attractiveness Analysis, by Product, 2016–2024
    FIG. 47: Latin America Market Attractiveness Analysis, by End-user, 2016–2024
    FIG. 48: Middle East & Africa Cardiac Holter Monitor Market Size (US$ Mn) Forecast, 2014–2024
    FIG. 49: Middle East & Africa Cardiac Holter Monitor Market Attractiveness Analysis, by Country, 2016–2024
    FIG. 50: Middle East & Africa Cardiac Holter Monitor Market Value Share Analysis, by Product, 2016 and 2024
    FIG. 51: Middle East & Africa Cardiac Holter Monitor Market Value Share Analysis, by End-user, 2016 and 2024
    FIG. 52: Middle East & Africa Cardiac Holter Monitor Market Value Share Analysis, by Country, 2016 and 2024
    FIG. 53: Middle East & Africa Market Attractiveness Analysis, by Product, 2016–2024
    FIG. 54: Middle East & Africa Market Attractiveness Analysis, by End-user, 2016–2024
    FIG. 55: Cardiac Holter Monitor Market Share Analysis, by Company, 2016 (Estimated)

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Cardiac Holter Monitor Market

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