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Holter Monitor Market by Channel and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40818
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The Holter monitor market share is expected to increase by USD 271.26 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.54%.

This Holter monitor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers Holter monitor market segmentation by channel (3-12 channels and 1-2 channels and others) and geography (North America, Europe, Asia, and ROW). The Holter monitor market report also offers information on several market vendors, including Boston Scientific Corp., Cardinal Health Inc., General Electric Co., HILL ROM HOLDINGS INC., iRhythm Technologies Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and Peerbridge Health among others.

What will the Holter Monitor Market Size be During the Forecast Period?

Holter Monitor Market Size

Download the Free Report Sample to Unlock the Holter Monitor Market Size for the Forecast Period and Other Important Statistics

 

Holter Monitor Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of cardiac disorders is notably driving the Holter monitor market growth, although factors such as the high cost of cardiac monitoring and surgeries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the Holter monitor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Holter Monitor Market Driver

One of the key factors driving growth in the Holter monitor market is the increasing prevalence of cardiac disorders. Cardiovascular diseases (CVDs) and non-coronary CVDs are the most common cause of death across the world. Factors such as diabetes, obesity, unhealthy diet, physical inactivity, and excessive tobacco and alcohol consumption increase the risk of CVDs. Irregular heartbeats result in the accumulation of blood in the pulmonary veins, which leads to the collection of fluids in the lungs. The collection of fluids in the lungs and the deficiency of oxygen-rich blood in the body cause fatigue and shortness of breath and reduce stamina. They can also lead to heart failure. The geriatric population is at a high risk of structural heart diseases, such as AF. Hence, the growing proportion of the geriatric population across the world will increase the prevalence of cardiac disorders such as AF, which will result in the demand for Holter monitors during the forecast period.

Key Holter Monitor Market Trend

Strategic alliances have the potential to enable companies that manufacture medical equipment to explore additional opportunities without incurring a considerable financial burden. Such alliances for product development and product commercialization provide vendors with multiple benefits such as cost containment, extended product lines, and wide geographic reach. All these factors have the potential to drive the growth of the Holter monitor market.

Key Holter Monitor Market Challenge

The high cost of cardiac monitoring and surgeries will be a major challenge for the Holter monitor market during the forecast period. Patients who require cardiac surgeries must undergo diagnostic and surgical procedures. During the hospital stay, diagnosis, monitoring, surgical procedures, and postoperative care are required. The high cost of cardiac monitoring devices can increase the cost burden on healthcare service providers. Skilled healthcare professionals are required to perform complex cardiac procedures and operate advanced devices such as robotic surgical platforms. The high cost of trained and skilled professionals also increases the cost of cardiac surgeries. Hence, the high cost of Holter monitor and cardiac ablation procedures can prevent patients from seeking treatments, which could limit the adoption of Holter monitors. All these factors can affect the growth of the global Holter monitor market.

This Holter monitor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The growth of the global healthcare equipment market will be driven by factors such as increasing life expectancy, expanding access to quality healthcare in emerging economies, sedentary lifestyle, increase in the prevalence of chronic conditions, and consolidation of the healthcare equipment industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the Holter monitor market during the forecast period.

Who are the Major Holter Monitor Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Boston Scientific Corp.
  • Cardinal Health Inc.
  • General Electric Co.
  • HILL ROM HOLDINGS INC.
  • iRhythm Technologies Inc.
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • Peerbridge Health

 

This statistical study of the Holter monitor market encompasses successful business strategies deployed by the key vendors. The Holter monitor market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market.

Product Insights and News

  • BioTelemetry Inc. - ePatch extended Holter monitor: It is a water-resistant extended Holter monitor that continuously records and stores the heartbeats of the patient. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The Holter monitor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Holter Monitor Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the Holter monitor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global healthcare equipment market encompasses a list of iterative steps that are essential to bring launch products in the commercial market from their raw material form. Of the six distinct phases in the value chain of the healthcare equipment industry, the R&D phase has significant value and accounts for most of the capital costs. Manufacturing and assembly are considered low-value processes. The final three stages of the value chain, which are distribution, marketing and sales, and post-sales services, are considered high-value processes.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Holter Monitor Market?

Holter Monitor Market Market segmentation by region

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40% of the market's growth will originate from North America during the forecast period. The US is the key market for Holter monitors in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The rising prevalence of cardiac diseases, such as Atrial Fibrillation (AF) will facilitate the Holter monitor market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The imposition of nationwide lockdowns in 2020 impacted the sales of Holter monitors, which affected the market growth. However, the market will recover during the forecast period, as lockdowns have lifted and the supply and manufacturing of Holter monitors have resumed.

What are the Revenue-generating Channel Segments in the Holter Monitor Market?

Holter Monitor Market Segmentation

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The Holter monitor market share growth by the 3-12 channels segment will be significant during the forecast period. End-users choose 3-12 channel Holter monitors to continuously record activities of the heart to detect irregularities in electrical signals. Trauma centers in developed countries such as the US place large orders of 3 to 12-channel Holter monitors. Hence, the segment holds a major share of the market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the Holter monitor market size and actionable market insights on post COVID-19 impact on each segment.

 

Holter Monitor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.54%

Market growth 2021-2025

$ 271.26 million

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 40%

Key consumer countries

US, Germany, France, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Boston Scientific Corp., Cardinal Health Inc., General Electric Co., HILL ROM HOLDINGS INC., iRhythm Technologies Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and Peerbridge Health

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Holter Monitor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive Holter monitor market growth during the next five years
  • Precise estimation of the Holter monitor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the Holter monitor industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Holter monitor market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Channel

  • Market segments
  • Comparison by Channel
  • 3-12 channels - Market size and forecast 2020-2025
  • 1-2 channels and others - Market size and forecast 2020-2025
  • Market opportunity by Channel

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • Asia - Market size and forecast 2020-2025
  • ROW - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Boston Scientific Corp.
  • Cardinal Health Inc.
  • General Electric Co.
  • HILL ROM HOLDINGS INC.
  • iRhythm Technologies Inc.
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • Peerbridge Health

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Holter Monitor Market market growth will increase by $271.26 mn during 2021-2025.
The holter monitor market market is expected to grow at a CAGR of 9.54% during 2021-2025.
Technavio has segmented the holter monitor market market by market landscape (3-12 channels and 1-2 channels and others) and geography (North America, Europe, Asia, and ROW).
Boston Scientific Corp., Cardinal Health Inc., General Electric Co., HILL ROM HOLDINGS INC., iRhythm Technologies Inc., Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., Peerbridge Health are a few of the key vendors in the holter monitor market market.
North America will register the highest growth rate of 40% among the other regions. Therefore, the holter monitor market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the holter monitor market market growth are:
  • increasing prevalence of cardiac disorders
The holter monitor market market vendors should focus on grabbing business opportunities from the 3-12 channels segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

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