Sarasota, FL -- (SBWire) -- 01/24/2019 --According to the report, global cardiac Holter monitor market was valued at approximately USD 327.9 million in 2017 and is expected to generate revenue of around USD 518.5 million by end of 2024, growing at a CAGR of around 6.5% between 2018 and 2024. Zion Market Research has published a new report titled "Cardiac Holter Monitor Market by Component (Wireless Holter, Wired Holter, and Holter Analysis System & Software), by Product Type (1-Channel, 2-Channel, 3-Channel, 12-Channel, and Others), and by End-Users (Hospitals, Ambulatory Surgical Centers, Clinics, and Homecare Settings): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2024".
Cardiac Holter monitor is used for the purpose of recording activities of the heart. Cardiac Holter monitor is used for the analysis of atrial fibrillation, cardiac arrhythmia, and bradycardia. Significant investment in research and development by the government and ruling authorities to launch technologically advanced device and increasing adoption of new technology for the treatments are estimated to drive the cardiac Holter market over the estimated period.
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The global cardiac Holter monitor market is primarily driven by rising stress levels and hectic lifestyle which has resulted in cardiac blockage and arrest. In recent years, cardiovascular diseases have become a major healthcare concern and the industry is mainly focusing to reduce the incidents and death rate because of cardiac disorder. For instance, the American Heart Association in the U.S. is focusing on reducing the deaths and incidences of stroke by 20% which are caused by cardiovascular diseases. This has created the upsurge demand for advanced technology devices for analysis and diagnosis. These factors are anticipated to drive the cardiac Holter monitor market over the forecast period. However, lack of trained professionals required for the handling the device is estimated to affect the growth of cardiac Holter market in long run. Nonetheless growing healthcare awareness coupled with a prominent need to curb the helplessness of population to deal with cardiac disorder cases across the globe are likely to disclose the new platform for cardiac Holter monitor market in the near future.
Global cardiac Holter monitor market is segmented on the basis of the component, product type, and end-user.
Based on the basis of components, the cardiac Holter monitor market is segmented as wireless Holter, wired Holter, and Holter analysis system & software.
On the basis of product type, the market is segmented into 1-channel, 2-channel, 3-channel, 12-channel, and others. By product, the 3-channel segment is estimated to cover the largest market value share due to the allocation of prominent reimbursement and increase in a number of cases of cardiovascular diseases.
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Based on end-user, the cardiac Holter monitor market is segmented as hospitals, ambulatory surgical centers, clinics, and homecare settings. By end-user, clinics and homecare settings are estimated to witness the highest CAGR growth attributed to the fact of growing inclination of the patient to receive the treatment in the homecare settings.
North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa are primary regional segments of global cardiac Holter monitor market. By region segment, North America is anticipated to remain the leading region over the forecast period. Additionally, North America witnesses the prominent demand for cardiac Holter monitor especially in the U.S. mainly because of the increasing prevalence of the cardiac disorder. North America is anticipated to be followed by Europe. The Asia Pacific is expected to be the significantly growing region for cardiac Holter monitor market in the given period of time. Moreover, the Middle East & Africa and Latin America are also estimated to show low to moderate growth for this market in the near future.
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Some of the key players in cardiac Holter monitor market include GE Healthcare, Koninklijke Philips, Mortara Instrument, FUKUDA DENSHI, Spacelabs Healthcare, Schiller AG, Applied Cardiac Systems, Borsam Medical, LifeWatch, Welch Allyn, and others.
This report segments the global cardiac Holter monitor market as follows:
Global Cardiac Holter Monitor Market: By Components
Wireless Holter
Wired Holter
Holter Analysis System & Software
Global Cardiac Holter Monitor Market: By Product Type
1-Channel
2-Channel
3-Channel
12-Channel
Others
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Global Cardiac Holter Monitor Market: By End-user
Hospitals
Ambulatory Surgical Centers
Clinics
Homecare Settings
Global Cardiac Holter Monitor Market: By Region
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
Global Cardiac Holter Monitor Market an Opportunity to Create Wealth USD 518.5 Million by 2024
Cardiac Holter Monitor Market: by Component (Wireless Holter, Wired Holter, and Holter Analysis System & Software), by Product Type (1-Channel, 2-Channel, 3-Channel, 12-Channel, and Others), and by End-Users (Hospitals, Ambulatory Surgical Centers, Clinics, and Homecare Settings): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2024