Portable Holter Monitor Market Key Findings and Share by 2031
The Portable Holter Monitor Market is expected to register a CAGR of 8.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Holter Monitoring Devices, Event Monitoring Devices, Holter Monitoring Software). Futher, it is segmented based on End User (Hospitals, Clinics, Ambulatory Surgical Center, Homecare). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Portable Holter Monitor Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Portable Holter Monitor Market Segmentation
Type- Holter Monitoring Devices
- Event Monitoring Devices
- Holter Monitoring Software
- Hospitals
- Clinics
- Ambulatory Surgical Center
- Homecare
Strategic Insights
Portable Holter Monitor Market Growth Drivers- Rising Cardiovascular Diseases: One of the main drivers behind the portable Holter monitor market is the rising incidence of cardiovascular diseases around the globe. The greater the prevalence, the greater the need for monitoring solutions, because healthcare professionals would tend towards Holter monitors to monitor ECG continuously and to detect problems early on in time to make interventions.
- Preventive Health Care Focuses: With the emphasis on preventive healthcare, there is a steadily growing need for portable Holter monitors. Patients are now more concerned with early health detection and management. A growing number of patients seek monitoring services due to this increased awareness. Such care implementations increase Holter monitor adoption as a proactive approach to cardiovascular health management.
- Increasing Demand for Home-based Telemonitoring of Patients: Growing telemedicine and remote patient monitoring solutions are fueling the portable Holter monitor market. There is a growing need to monitor health remotely from home, especially after the pandemic. Conveniently, portable Holter monitors allow for continuous data collection and, thus, better patient outcomes.
- Integration with Wearable Technology: There is a growing need to integrate with wearable technology, including smartwatches and fitness trackers. This can make data collection and analysis intuitive and seamless while providing the healthcare professional with an all-rounded cardiovascular insight for the patient in real time.
- Focusing on User Experience: Future trends would place significant emphasis on user experience in portable Holter monitors where designs become patient-friendly. It would be intuitive for users, easy to use, with more comfort, and a longer battery life, among others. This will enable patients to adhere much more closely to their monitoring regimens and, consequently, be better managed for their health.
- AI and Data Analytics: Portable Holter monitors will undoubtedly integrate AI and advanced data analytics. Algorithms will be more accurate for the detection of arrhythmia, and predictive analytics will provide the pertinent healthcare professional with information about what will allow better decision-making. This would likely result in tailored treatment plans and better patient outcomes.
- Global Market Penetration: The Asia-Pacific and Latin America offer many opportunities for portable Holter monitors. Growth in the adoption will be seen as the health infrastructure develops, along with increased awareness about cardiovascular diseases. Companies can gain a foothold in these markets by tailoring the products according to local needs and enhancing accessibility.
- Collaboration with Healthcare Providers: Innovation into monitoring solutions can emerge from collaboration among manufacturers and healthcare providers. By cooperating in clinical studies and product development, companies will ensure that their offerings meet real-world healthcare requirements. Such collaboration will add credibility to such products and sustain the growth of the market as products may be ensured to satisfy the demands of practitioners and patients.
- Personalization and Customization: Personalized medicine has become the center of opportunity for customization in portable Holter monitors. Manufacturers may design solutions and products based on the personalization of patient profiles, preferences, and conditions to be treated by individuals. Such features may enhance patient acceptance and adherence, improving health outcomes and satisfaction.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Portable Holter Monitor Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Portable Holter Monitor Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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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
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to country scope.
Frequently Asked Questions
GE Healthcare,Koninklijke Philips, and Schiller AG are some of the major players operating in the market.
The hospitals segment accounts for the highest revenue in end user segment of the market in 2023.
Asia Pacific region accounted for the highest CAGR in the portable holter monitor market.
North America region dominated the portable holter monitor market in 2023.
The major factors driving the portable holter monitor market are:
1. Rising Cardiovascular Diseases.
2. Preventive Health Care Focuses.
The Portable Holter Monitor Market is estimated to witness a CAGR of 8.8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Portable Holter Monitor Market - By Product Type
1.3.2 Portable Holter Monitor Market - By End User
1.3.3 Portable Holter Monitor Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PORTABLE HOLTER MONITOR 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. PORTABLE HOLTER MONITOR 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. PORTABLE HOLTER MONITOR MARKET - GLOBAL MARKET ANALYSIS
6.1. PORTABLE HOLTER MONITOR - GLOBAL MARKET OVERVIEW
6.2. PORTABLE HOLTER MONITOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PORTABLE HOLTER MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HOLTER MONITORING DEVICES
7.3.1. Overview
7.3.2. Holter Monitoring Devices Market Forecast and Analysis
7.4. EVENT MONITORING DEVICES
7.4.1. Overview
7.4.2. Event 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. PORTABLE HOLTER MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTER
8.5.1. Overview
8.5.2. Ambulatory Surgical Center Market Forecast and Analysis
8.6. HOMECARE
8.6.1. Overview
8.6.2. Homecare Market Forecast and Analysis
9. PORTABLE HOLTER MONITOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Portable Holter Monitor Market Overview
9.1.2 North America Portable Holter Monitor Market Forecasts and Analysis
9.1.3 North America Portable Holter Monitor Market Forecasts and Analysis - By Product Type
9.1.4 North America Portable Holter Monitor Market Forecasts and Analysis - By End User
9.1.5 North America Portable Holter Monitor Market Forecasts and Analysis - By Countries
9.1.5.1 United States Portable Holter Monitor Market
9.1.5.1.1 United States Portable Holter Monitor Market by Product Type
9.1.5.1.2 United States Portable Holter Monitor Market by End User
9.1.5.2 Canada Portable Holter Monitor Market
9.1.5.2.1 Canada Portable Holter Monitor Market by Product Type
9.1.5.2.2 Canada Portable Holter Monitor Market by End User
9.1.5.3 Mexico Portable Holter Monitor Market
9.1.5.3.1 Mexico Portable Holter Monitor Market by Product Type
9.1.5.3.2 Mexico Portable Holter Monitor Market by End User
9.2. EUROPE
9.2.1 Europe Portable Holter Monitor Market Overview
9.2.2 Europe Portable Holter Monitor Market Forecasts and Analysis
9.2.3 Europe Portable Holter Monitor Market Forecasts and Analysis - By Product Type
9.2.4 Europe Portable Holter Monitor Market Forecasts and Analysis - By End User
9.2.5 Europe Portable Holter Monitor Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Portable Holter Monitor Market
9.2.5.1.1 Germany Portable Holter Monitor Market by Product Type
9.2.5.1.2 Germany Portable Holter Monitor Market by End User
9.2.5.2 France Portable Holter Monitor Market
9.2.5.2.1 France Portable Holter Monitor Market by Product Type
9.2.5.2.2 France Portable Holter Monitor Market by End User
9.2.5.3 Italy Portable Holter Monitor Market
9.2.5.3.1 Italy Portable Holter Monitor Market by Product Type
9.2.5.3.2 Italy Portable Holter Monitor Market by End User
9.2.5.4 Spain Portable Holter Monitor Market
9.2.5.4.1 Spain Portable Holter Monitor Market by Product Type
9.2.5.4.2 Spain Portable Holter Monitor Market by End User
9.2.5.5 United Kingdom Portable Holter Monitor Market
9.2.5.5.1 United Kingdom Portable Holter Monitor Market by Product Type
9.2.5.5.2 United Kingdom Portable Holter Monitor Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Portable Holter Monitor Market Overview
9.3.2 Asia-Pacific Portable Holter Monitor Market Forecasts and Analysis
9.3.3 Asia-Pacific Portable Holter Monitor Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Portable Holter Monitor Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Portable Holter Monitor Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Portable Holter Monitor Market
9.3.5.1.1 Australia Portable Holter Monitor Market by Product Type
9.3.5.1.2 Australia Portable Holter Monitor Market by End User
9.3.5.2 China Portable Holter Monitor Market
9.3.5.2.1 China Portable Holter Monitor Market by Product Type
9.3.5.2.2 China Portable Holter Monitor Market by End User
9.3.5.3 India Portable Holter Monitor Market
9.3.5.3.1 India Portable Holter Monitor Market by Product Type
9.3.5.3.2 India Portable Holter Monitor Market by End User
9.3.5.4 Japan Portable Holter Monitor Market
9.3.5.4.1 Japan Portable Holter Monitor Market by Product Type
9.3.5.4.2 Japan Portable Holter Monitor Market by End User
9.3.5.5 South Korea Portable Holter Monitor Market
9.3.5.5.1 South Korea Portable Holter Monitor Market by Product Type
9.3.5.5.2 South Korea Portable Holter Monitor Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Portable Holter Monitor Market Overview
9.4.2 Middle East and Africa Portable Holter Monitor Market Forecasts and Analysis
9.4.3 Middle East and Africa Portable Holter Monitor Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Portable Holter Monitor Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Portable Holter Monitor Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Portable Holter Monitor Market
9.4.5.1.1 South Africa Portable Holter Monitor Market by Product Type
9.4.5.1.2 South Africa Portable Holter Monitor Market by End User
9.4.5.2 Saudi Arabia Portable Holter Monitor Market
9.4.5.2.1 Saudi Arabia Portable Holter Monitor Market by Product Type
9.4.5.2.2 Saudi Arabia Portable Holter Monitor Market by End User
9.4.5.3 U.A.E Portable Holter Monitor Market
9.4.5.3.1 U.A.E Portable Holter Monitor Market by Product Type
9.4.5.3.2 U.A.E Portable Holter Monitor Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Portable Holter Monitor Market Overview
9.5.2 South and Central America Portable Holter Monitor Market Forecasts and Analysis
9.5.3 South and Central America Portable Holter Monitor Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Portable Holter Monitor Market Forecasts and Analysis - By End User
9.5.5 South and Central America Portable Holter Monitor Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Portable Holter Monitor Market
9.5.5.1.1 Brazil Portable Holter Monitor Market by Product Type
9.5.5.1.2 Brazil Portable Holter Monitor Market by End User
9.5.5.2 Argentina Portable Holter Monitor Market
9.5.5.2.1 Argentina Portable Holter Monitor Market by Product Type
9.5.5.2.2 Argentina Portable Holter Monitor 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. PORTABLE HOLTER MONITOR MARKET, KEY COMPANY PROFILES
11.1. GE HEALTHCARE
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
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. MORTARA INSTRUMENT
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. FUKUDA DENSHI
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. SPACELABS HEALTHCARE
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. SCHILLER AG
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. APPLIED CARDIAC SYSTEMS
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. BORSAM MEDICAL
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. LIFEWATCH
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
11.10. WELCH ALLYN.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. GE Healthcare
2. Koninklijke Philips
3. Mortara Instrument
4. FUKUDA DENSHI
5. Spacelabs Healthcare
6. Schiller AG
7. Applied Cardiac Systems
8. Borsam Medical
9. LifeWatch
10. Welch Allyn.
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
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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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