The global holter monitoring systems market is expected to rise with a strong rate owing to the rise in cases of cardiovascular diseases (CVD) and consumer awareness towards the perils of CVD, according to a report by Persistence Market Research.
Key findings in the global holter monitoring systems market are as follows:
1. The global market is projected to rise at a CAGR 4.5% in terms of value for the forecast period.
2. Adoption of new and innovative devices for better medical care and rising investments in boosting the global market.
3. Low prices, patient mobility, and longer monitoring period are some advantages of holter monitoring systems.
4. Individuals are opting for precautionary testing readily resulting in a rise in demand.
5. Being effective and non-invasive is fueling demand for holter monitoring systems.
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6. Adoption of holter monitoring systems is affected in developing and underdeveloped regions owing to lack of trained staff and infrastructure.
7. Impact of small players and key market players on new entrants in the market is a major hurdle in the global market.
8. North America is projected to lead the global market and grow at an above average rate through the forecast period.
9. APAC is estimated to account for 27% share in terms of revenue in 2016. The regional market is anticipated to be the fastest growing region owing to the ever rising population, and high incidence rate of CVD.
10. High public expenditure in healthcare is expected to result in significant generation of revenue in MEA. The market is touted to rise at a CAGR of 5.2% for the forecast period.
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Key players in the global holter monitoring systems market are Mortara Instrument, Inc., Schiller AG, Koninklijke Philips N.V, Fukuda Denshi Co. Ltd., Spacelabs Healthcare, Inc., Welch Allyn (Hill-rom Company, Inc.), GE Healthcare, and Nihon Kohden Corporation.