In a recently published report, Holter ECG Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Holter ECG Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Holter ECG Market is valued approximately at USD 294.6 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 9.16% over the forecast period 2020-2027. Holter ECG is an electrical, medical portable device used to track the heart rhythm of a human body. Doctors advice the used of Holter ECG (Electrocardiogram) to trace the functioning of a patient’s heart in order to figure out detailed information then ECG delivers. Generally, it is adviced to wear the device for 24 to 72 hours to analyze the heart functioning while performing various activities throughout the day. Further, in order to diagnosis of Cardiovascular diseases at earlier stage, a significant growth is being observed in the market growth. Unhealthy diet and lifestyle are a major factor for rising cases of Cardiovascular diseases (CVDs). This would boost the growth of Global Holter ECG Market as it is likely that the use of Holter ECG would increase in diagnosis.
For Instance: As per World Health Organization (WHO) in 2017, 17.9 Million people accounting for 31% of world population die each year due to CVDs, among which greater than 75% deaths occur in middle and low-end income countries. Also, 85% of deaths are due to Heart attack and strokes. Hence, taking precautionary measures become important which supports the growth of Global Holter ECG Market. Due to COVID-19 Pandemic, the supply and demand for Holter ECGs are hampered as manufacturing of other medical instrument is the urgent need of an hour. However, data from from a Journal of the American Medical Association (JAMA) in 2020 confirmed that acute heart injury could be indicated as one of the complications in corona positive patients and so the boost in the market growth of Holter ECG would be observed. Moreover, growth in perspective of early precautions than treatment and growth in Baby Bloomers’ population across the world who are more susceptible to CVDs are the driving factor for the growth in the market. Even so, the mild skin irritation and comfort are the factors restraining the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Holter ECG market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world due to advanced use of technologies, unhealthy dietary and lifestyle inclining the growth of Global Holter ECG Market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in awareness for healthcare, technological development and rise in income groups would create lucrative growth prospects for the Holter ECG market across Asia-Pacific region.
Major market player included in this report are:
Mortara Instrument, Inc. (US)
Innomed Inc. (Gorgia)
GE Healthcare Systems (US)
FUKUDA DENSHI Co. LTD. (US)
Nihon Kohden Corporation (Japan)
SCHILLER AG (Switzerland)
Edan Instruments Inc. (China)
Phillips (Netherlands)
Spacelabs Healthcare (US)
BioTelemetry, Inc. (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Patch Type 1 Lead Holter Monitor
3 Lead Holter Monitor
6 Lead Holter Monitor
12 Lead Holter Monitor
Others
By End User:
Hospital and Clinic
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Home Setting & Ambulatory Surgical Center (ASCs)
Others
By Component:
Wired Holter Monitor
Wireless Holter
Holter Analysis System & Software
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Holter ECG Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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