Technavio says global holter monitor market worth $493.4 million by 2020

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This market research study presents a detailed segmentation of the global Holter monitor market by end-user (large hospitals, mid-sized hospitals, and other medical settings) and by geography (Americas, APAC, and EMEA). The key vendors identified in the market are GE Healthcare, Mortara Instrument, Philips Healthcare, Schiller, and Spacelabs Healthcare.

Technavio’s market research analysts estimate the global holter monitor market, to grow at a CAGR of 5% between 2016 and 2020. Holter monitors are the first line of diagnostics prescribed by doctors for individuals with chest pain, shortness of breath, dizziness, syncope, or palpitations. The availability of Holter monitors has helped physicians to monitor and treat cardiac disorders such as bradycardia, ventricular fibrillation, cardiac arrest, and tachycardia. The Americas dominate the global Holter monitor market, accounting for 52% of eth total market share. Factors such as the availability of advanced medical facilities that have state-of-the-art infrastructure and easy accessibility of healthcare services are expected to drive the market in the Americas by 2020.

The new market research report from Technavio provides a breakdown and analysis of the Holter monitor segments by technology.

“Vendors are using advanced technologies to develop Holter monitors with additional features. For example, GE Healthcare’s SEER 1000 is a multi-channel digital and wireless Holter recorder that allows easier cardiac data collection. This device has a customized app and is compatible with wireless technologies. Furthermore, the app offers visual guidance for lead placement and improved signal quality. Therefore, the launch of such technologically advanced products is envisaged to drive the market for Holter monitors during the forecast period,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research

Large hospitals are the biggest end-user of Holter monitor, occupying around 50% of the total market revenue. Large hospitals such as multi-specialty hospitals and hospital groups work under government sponsorship and usually have more than 500 hospital beds. Moreover, such hospitals offer a large number of inpatient and outpatient services and generate more revenue, so such health care facilities have the state-of-the-art medical infrastructure to cater to the needs of people and diagnosis and monitoring of cardiac events are conducted in outpatient settings. Therefore, the sales of Holter monitors in these hospitals is expected to rise due to the growing preference for home-based monitoring and reduced number of hospital admittance of people with cardiac disorders

The leading vendors in the global Holter monitor market are GE Healthcare, Mortara Instrument, Philips Healthcare, Schiller, and Spacelabs Healthcare. The market is highly fragmented due to of the presence of many small and large suppliers. Factors like increased product portfolio extensions, advances in technology, and reduced average selling prices have resulted in intense competition among vendors.

A more detailed analysis is available in the Technavio report, Global Holter Monitor Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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