Global Holter Monitors Market 2017-2021
About Holter Monitors
A Holter monitor is a battery-operated device that measures and records the heart's activity constantly for 48-72 hours. The device contains electrodes that are attached to the skin. With the help of these electrodes, the ECG is measured constantly. The Holter monitor is used to monitor patients with slow, fast, or irregular heartbeat. It helps a doctor in deciding whether the patient requires a pacemaker or a cardiovascular procedure to restore regular heart rhythm. The monitor can help the doctors to check if the medicines are working and if the heart is getting enough oxygen to meet its needs. It can also help doctors determine the reason for a patient's dizziness or the feeling of the heart racing or skipping a beat.
Technavio’s analysts forecast the global Holter monitors market to grow at a CAGR of 5.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global Holter monitors market for 2017-2021. To calculate the market size, the report considers the selling price of the device and the revenue generated from it.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Holter Monitors Market 2017-2021
Technavio recognizes the following companies as the key players in the global holter monitors market: Koninklijke Philips, GE Healthcare, Spacelabs Healthcare, and Mortara Instrument
Other Prominent Vendors in the market are: Applied Cardiac Systems, Borsam Medical, Cardioline, CardioNet, Eccosur, LifeWatch, LUMED, Medicomp, Nasiff Associates, QRS Diagnostic, Schiller, and Suzuken.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Paradigm shift toward preventive care. The healthcare industry is slowly evolving to see an optimistic change and acceptance. With technological advances and disrupting start-ups coming into play, healthcare is receiving all the backing needed to transform and stand in this journey of evolution. The changing healthcare ecosystem has empowered patients. It has created knowledge about the conditions, results, and practices, thereby allowing patients to monitor, track, and analyze their health and fitness in real time.”
According to the report, one of the major drivers for this market is Increasing prevalence of CVDs. According to a CDC report, deaths due to heart disorders had increased by 3% between 2011 and 2014. The major reasons for the increasing prevalence of heart-related problems are changing lifestyle and daily routines like smoking, physical inactiveness, and an unhealthy diet; increasing body weight; and high blood pressure and sugar levels. These factors are leading to hypertension, obesity, and the blockage of arteries.
Further, the report states that one of the major factors hindering the growth of this market is Lack of trained staff in emerging markets. Emerging markets are the major markets for the Holter monitor manufacturers. The emerging markets are expected to be the major drivers of market growth in the future. The main restraining factor hindering the market growth is the lack of trained healthcare staff. The lack of trained healthcare professionals is leading to low awareness level among people about the use of technologically advanced devices.
Koninklijke Philips, GE Healthcare, Spacelabs Healthcare, Mortara Instrument, Applied Cardiac Systems, Borsam Medical, Cardioline, CardioNet, Eccosur, LifeWatch, LUMED, Medicomp, Nasiff Associates, QRS Diagnostic, Schiller, Suzuken