Hyderabad, Telangana -- (SBWire) -- 02/28/2023 --Holter Ecg Market
A Holter monitor is a tiny, wearable device that monitors the heartbeat. It detects the heart's small electrical signals and transmits them to the chest's surface. It is worn specifically to detect defects in the heart's functioning. Among the faults detected by the gadget are arrhythmias such as atrial fibrillation, tachycardia, and atrial flutter. Other than minor discomfort or skin irritation where the electrodes are inserted, there are no dangers connected with using a Holter monitor.
Market Size and Future Apprehension:
According to the most recent USD Analytics analysis, the global "Holter Ecg Market" is expected to grow at a high CAGR over the forecast period 2023-2030.
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Market Dynamics:
Drivers:
The primary distinction between an electrocardiogram and Holter monitoring is that an electrocardiogram captures the cardiac beat for a few minutes, whereas Holter monitoring records the rhythm for 24 hours. This aids in the detection of arrhythmias that may only occur at specific periods. The rise in the elderly population, rise in the incidence of heart stroke, spike in the number of patients suffering from hypertension, and rise in the prevalence of obesity are driving the expansion of the Holter ECG monitoring market. Furthermore, technical improvements and increased knowledge about the practical application of these devices are factors that contribute to the market's growth.
Restraints/Opportunities:
However, a shortage of skilled personnel, insufficient healthcare infrastructure, and erratic reimbursement rules are projected to stymie industry expansion. Advanced Holter monitors with more sensitivity algorithms for automated detection of arrhythmias, on the other hand, provide the industry substantial growth potential.
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Segmentation Analysis:
The global Holter Ecg Market is segmented based on By Component, Application, Indication, Distributional Channel
By Component:
- Products
- Software & Solutions
- Services
- Accessories
By Application:
- Diagnostics
- Monitoring
By Indication:
- Atrial Fibrillation (AF)
- Cardiac Arrest
- Patients with Pacemakers
- Others
By Distributional Channel:
- 3 Channel ECG System, 5,6 & 7 Channel ECG System
- 12 Channel ECG System
- Others
Component Insights:
The worldwide Holter ECGs market is divided into four components: goods, software & solutions, services, and accessories. In 2021, the goods segment held the biggest market share. During the forecast period, the software & solutions segment is predicted to have the greatest CAGR in the market. In recent years, holter monitoring software has evolved dramatically. The majority of businesses have useful analytical software that may be utilised.
Application Insights:
The worldwide Holter ECGs market is divided into two applications: diagnosis and monitoring. In 2021, the diagnostics category maintained a greater market share. The monitoring sector, on the other hand, is expected to grow at a faster rate in the market from 2022 to 2028. A Holter monitor offers a comprehensive view of heart activity, which is required for cardiac diagnosis. The monitor continually records the heart's activity.
Competitive Landscape:
The following are some of the major companies profiled in the Holter Ecg Market:
- BPL Medical Technologies
- FUKUDA DENSHI
- General Electric Co
- Koninklijke Philips NV
- Nihon Kohden Corp
- OSI Systems, Inc.
- SCHILLER Americas Inc.
- EB Neuro S.P.A
- Hill Rom Holding Inc. (Baxter)
- Viatom Technology Co., Ltd.
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Regional Analysis:
During the projected period, North America is expected to lead the Holter ECG market. The United States held the greatest share of the North American market in 2021 and is likely to maintain this position throughout the forecast period. The growing prevalence of atrial fibrillation and the increasing acceptance of technological innovation items in ECG are expected to fuel the growth of the Holter ECG market.
Furthermore, the presence of big healthcare enterprises, as well as the increasing use of Holter ECG in hospitals and home care settings, is driving market development in this area.
Holter Ecg Market Recent Developments, Demand, and Competitive Insights Report 2022-2030
Holter Ecg Market is segmented based on By Component, Application, Indication, Distributional Channel