Holter monitor are movable device that are used for recording heart electrical activities. A Holter monitor is a battery-operated movable device that measures and records the heart action constantly for 24 to 48 hours depending on the type of monitoring used. It is used to record the heartbeat rate in myocardial infraction. The dimension of a device is like a minor camera, which has silver dollar-sized rods that plug to the skin.
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The device functions on small battery electrocardiogram (ECG) appliance. Holter monitor device contains a recorder for recording heart rhythm and a software to analyze the recorded data. Holter monitors device are used to detect and analyze cardiac arrhythmia, atrial fibrillation, and bradycardia. Holter monitors are essentially kept for a longer period in patients with cardiac indications namely arrhythmia and myocardial infarction. Holter monitoring is mostly used in evaluating symptomatic patients with identified coronary artery disease or the post infarction period. Patients suffering from myocardial infarction often undergo for 24 hour holter monitoring.
According to the American Heart Association, annually around 17.3 million deaths are caused due to cardiovascular disease globally and the number is anticipated to reach around 23.6 million by 2030. Increase in occurrence of cardiovascular disorders and its anticipation, move of population towards preventive healthcare, and investments in research and development of holter monitor devices are the key drivers of global holter monitoring market.
Rise in number of cardiovascular cases around the globe is expected to fuel the growth of holter monitor market in the near future
Increase in rate of cardiovascular cases globally is expected to propel the growth of holter monitor market in near future. Geriatric population is more prone to heart diseases as heart muscles loose the resistance and capability to respond to different pressure rates, in turn making them more susceptible to cardiac disorders. The American Heart Association in 2015 projected that around 450,000 deaths in the U.S. were due to cardiac disorders. Rise in geriatric population, cumulative investments in healthcare industries, and manufacturing are some of the factors expected to drive the growth of global cardiac holter monitor market over the forecast period.
Furthermore, rise in cases of chronic disorder globally is expected to support the growth of holter monitor market in near future. According to the Center for Disease Control and Prevention (CDC), in 2012, around 117 million adults were suffering from one or more chronic conditions. Furthermore, out of overall adult population, 1 out of 4 adults had 2 or more chronic health conditions in the U.S. The holter monitor device market of Asia Pacific region is expected to grow at high rate in near future supported by rise in chronic disorder cases and unhealthy and poor nutrition habits among rural population.
Cumulative Investments in Research and Developments in North America undertake lead
In geographically established economies such as Latin America, North America, Asia Pacific, the Middle East, and Africa, North America accounted for major stake of holter monitor market due to cumulative patient preference towards minimally aggressive diagnostic tools and improved government funding for cardiovascular disorder treatments. Increase in awareness of cardiac arrhythmia and atrial fibrillation and various programs for prevention of cardiovascular disorder conducted by world health organization (WHO) are the important aspects for high growth rate of the holter monitor market in Asia Pacific region.
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Addition of Modern Technologies in Cardiac Holter Monitors Boosts Demand
In 2015, Philips healthcare incorporated wireless and Bluetooth technology in cardiac hotler. Shifting manufactures method towards customer centric development of products is expected to propel the growth of the global holter monitor market over the forecast period.
Major market players of the holter monitor market includes:
Key players operating holter equipment market include GE Healthcare, FUKUDA DENSHI, Koninklijke Philips N.V., Philips Healthcare, Nasiff Associates, Inc., LifeWatch AG, Schiller AG, Fukuda Denishi Co. Ltd. Spacelabs Healthcare, and Welch Allyn.