Holter Monitoring System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A Holter monitoring system is a small, wearable electrocardiogram (ECG) device that keeps track of the heart rhythm during everyday activities. This system is for the healthcare providers so that they can manage and study the patient. A health care provider uses the information captured on the device to help diagnose a heart rhythm problem (arrhythmia). It's typically worn for a day or two.
MARKET SCOPE
The "Global Holter Monitoring System Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Holter Monitoring System market with detailed market segmentation by product and end user. The report provides key statistics on the market status of the leading Holter Monitoring System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product the market is segmented as, event monitoring devices, holter monitoring devices, and holter monitoring software.
- Based on end user the market is segmented as, epecialty clinics, hospitals, ambulatory surgical centers, diagnostic centers, and others.
MARKET DYNAMICS
Drivers:
- Rising prevalence of heart and other cardiac disorders.
- Rising geriatric population.
- Extensive R&D efforts by medical device companies to develop novel system is expected to fuel the market growth.
- Presence of strong pipeline of software and medical device technology is expected to spur market growth during the forecast period.
Restraints:
- Technical issues arising in the monitoring processes.
- Whereas, high cost of holter monitoring system is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Holter Monitoring System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Holter Monitoring System market in these regions.
IMPACT OF COVID-19 ON HOLTER MONITORING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Holter Monitoring System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Holter Monitoring System market in these regions.
IMPACT OF COVID-19 ON HOLTER MONITORING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Holter Monitoring System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Holter Monitoring System market are anticipated to lucrative growth opportunities in the future with the rising demand for Holter Monitoring System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Holter Monitoring System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- GENERAL ELECTRIC COMPANY
- KONINKLIJKE PHILIPS N.V.
- SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO.
- BPL MEDICAL TECHNOLOGIES
- MIDMARK CORP.
- HILL-ROM SERVICES INC.
- FUKUDA DENSHI
- MEDTRONIC.
- NIHON KOHDEN CORPORATION.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Holter Monitoring System Market - By Product
1.3.2 Holter Monitoring System Market - By End User
1.3.3 Holter Monitoring System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOLTER MONITORING SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HOLTER MONITORING SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HOLTER MONITORING SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. HOLTER MONITORING SYSTEM - GLOBAL MARKET OVERVIEW
6.2. HOLTER MONITORING SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HOLTER MONITORING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. EVENT MONITORING DEVICES
7.3.1. Overview
7.3.2. Event Monitoring Devices Market Forecast and Analysis
7.4. HOLTER MONITORING DEVICES
7.4.1. Overview
7.4.2. Holter Monitoring Devices Market Forecast and Analysis
7.5. HOLTER MONITORING SOFTWARE.
7.5.1. Overview
7.5.2. Holter Monitoring Software. Market Forecast and Analysis
8. HOLTER MONITORING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. SPECIALTY CLINICS
8.3.1. Overview
8.3.2. Specialty Clinics Market Forecast and Analysis
8.4. HOSPITALS
8.4.1. Overview
8.4.2. Hospitals Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS
8.5.1. Overview
8.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.6. DIAGNOSTIC CENTERS
8.6.1. Overview
8.6.2. Diagnostic Centers Market Forecast and Analysis
8.7. OTHERS.
8.7.1. Overview
8.7.2. Others. Market Forecast and Analysis
9. HOLTER MONITORING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Holter Monitoring System Market Overview
9.1.2 North America Holter Monitoring System Market Forecasts and Analysis
9.1.3 North America Holter Monitoring System Market Forecasts and Analysis - By Product
9.1.4 North America Holter Monitoring System Market Forecasts and Analysis - By End User
9.1.5 North America Holter Monitoring System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Holter Monitoring System Market
9.1.5.1.1 United States Holter Monitoring System Market by Product
9.1.5.1.2 United States Holter Monitoring System Market by End User
9.1.5.2 Canada Holter Monitoring System Market
9.1.5.2.1 Canada Holter Monitoring System Market by Product
9.1.5.2.2 Canada Holter Monitoring System Market by End User
9.1.5.3 Mexico Holter Monitoring System Market
9.1.5.3.1 Mexico Holter Monitoring System Market by Product
9.1.5.3.2 Mexico Holter Monitoring System Market by End User
9.2. EUROPE
9.2.1 Europe Holter Monitoring System Market Overview
9.2.2 Europe Holter Monitoring System Market Forecasts and Analysis
9.2.3 Europe Holter Monitoring System Market Forecasts and Analysis - By Product
9.2.4 Europe Holter Monitoring System Market Forecasts and Analysis - By End User
9.2.5 Europe Holter Monitoring System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Holter Monitoring System Market
9.2.5.1.1 Germany Holter Monitoring System Market by Product
9.2.5.1.2 Germany Holter Monitoring System Market by End User
9.2.5.2 France Holter Monitoring System Market
9.2.5.2.1 France Holter Monitoring System Market by Product
9.2.5.2.2 France Holter Monitoring System Market by End User
9.2.5.3 Italy Holter Monitoring System Market
9.2.5.3.1 Italy Holter Monitoring System Market by Product
9.2.5.3.2 Italy Holter Monitoring System Market by End User
9.2.5.4 Spain Holter Monitoring System Market
9.2.5.4.1 Spain Holter Monitoring System Market by Product
9.2.5.4.2 Spain Holter Monitoring System Market by End User
9.2.5.5 United Kingdom Holter Monitoring System Market
9.2.5.5.1 United Kingdom Holter Monitoring System Market by Product
9.2.5.5.2 United Kingdom Holter Monitoring System Market by End User
9.2.5.6 Rest of Europe Holter Monitoring System Market
9.2.5.6.1 Rest of Europe Holter Monitoring System Market by Product
9.2.5.6.2 Rest of Europe Holter Monitoring System Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Holter Monitoring System Market Overview
9.3.2 Asia-Pacific Holter Monitoring System Market Forecasts and Analysis
9.3.3 Asia-Pacific Holter Monitoring System Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Holter Monitoring System Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Holter Monitoring System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Holter Monitoring System Market
9.3.5.1.1 Australia Holter Monitoring System Market by Product
9.3.5.1.2 Australia Holter Monitoring System Market by End User
9.3.5.2 China Holter Monitoring System Market
9.3.5.2.1 China Holter Monitoring System Market by Product
9.3.5.2.2 China Holter Monitoring System Market by End User
9.3.5.3 India Holter Monitoring System Market
9.3.5.3.1 India Holter Monitoring System Market by Product
9.3.5.3.2 India Holter Monitoring System Market by End User
9.3.5.4 Japan Holter Monitoring System Market
9.3.5.4.1 Japan Holter Monitoring System Market by Product
9.3.5.4.2 Japan Holter Monitoring System Market by End User
9.3.5.5 South Korea Holter Monitoring System Market
9.3.5.5.1 South Korea Holter Monitoring System Market by Product
9.3.5.5.2 South Korea Holter Monitoring System Market by End User
9.3.5.6 Rest of Asia-Pacific Holter Monitoring System Market
9.3.5.6.1 Rest of Asia-Pacific Holter Monitoring System Market by Product
9.3.5.6.2 Rest of Asia-Pacific Holter Monitoring System Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Holter Monitoring System Market Overview
9.4.2 Middle East and Africa Holter Monitoring System Market Forecasts and Analysis
9.4.3 Middle East and Africa Holter Monitoring System Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Holter Monitoring System Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Holter Monitoring System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Holter Monitoring System Market
9.4.5.1.1 South Africa Holter Monitoring System Market by Product
9.4.5.1.2 South Africa Holter Monitoring System Market by End User
9.4.5.2 Saudi Arabia Holter Monitoring System Market
9.4.5.2.1 Saudi Arabia Holter Monitoring System Market by Product
9.4.5.2.2 Saudi Arabia Holter Monitoring System Market by End User
9.4.5.3 Rest of Middle East and Africa Holter Monitoring System Market
9.4.5.3.1 Rest of Middle East and Africa Holter Monitoring System Market by Product
9.4.5.3.2 Rest of Middle East and Africa Holter Monitoring System Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Holter Monitoring System Market Overview
9.5.2 South and Central America Holter Monitoring System Market Forecasts and Analysis
9.5.3 South and Central America Holter Monitoring System Market Forecasts and Analysis - By Product
9.5.4 South and Central America Holter Monitoring System Market Forecasts and Analysis - By End User
9.5.5 South and Central America Holter Monitoring System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Holter Monitoring System Market
9.5.5.1.1 Brazil Holter Monitoring System Market by Product
9.5.5.1.2 Brazil Holter Monitoring System Market by End User
9.5.5.2 Argentina Holter Monitoring System Market
9.5.5.2.1 Argentina Holter Monitoring System Market by Product
9.5.5.2.2 Argentina Holter Monitoring System Market by End User
9.5.5.3 Rest of South and Central America Holter Monitoring System Market
9.5.5.3.1 Rest of South and Central America Holter Monitoring System Market by Product
9.5.5.3.2 Rest of South and Central America Holter Monitoring System Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HOLTER MONITORING SYSTEM MARKET, KEY COMPANY PROFILES
11.1. GENERAL ELECTRIC COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KONINKLIJKE PHILIPS N.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BPL MEDICAL TECHNOLOGIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MIDMARK CORP.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HILL-ROM SERVICES INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. FUKUDA DENSHI
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MEDTRONI
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NIHON KOHDEN CORPORATION.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.General Electric Company
2.Koninklijke Philips N.V.
3.Shenzhen Mindray Bio-Medical Electronics Co.
4.BPL Medical Technologies
5.Midmark Corp.
6.Hill-Rom Services Inc.
7.Fukuda Denshi
8.Medtroni
9.Nihon Kohden Corporation.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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