The global holter monitoring systems market is expected to grow significantly from USD 580.5 million in 2018, to USD 796.6 Million by 2025, at a CAGR of 4.9% from 2019 to 2025. Factors driving the market growth are; rising prevalence of cardiovascular diseases and growing adoption of holter monitoring devices. Moreover, technological advancements in cardiovascular diagnostic devices are further boosting the market growth.
Holter monitors are simple devices that continuously register the ECG. Holter monitoring devices can be short-duration (24-48 hours) or long-duration. Technological advancements and R&D activities have been a boon for the medical devices industry. It has significantly affected industry growth. Moreover, growing research & development activities in holter monitoring devices have resulted in patients having more freedom for daily activities by transmitting data through mobile apps to healthcare professiona.l
Global Holter Monitoring Systems Market – Regional insight
North America held the major share of the global holter monitoring systems market in 2018. The growth is attributed to the rising prevalence of cardiovascular diseases and adoption of new technologies in the region. Moreover, various manufactures are introducing innovative and miniaturized products, which is further propelling the industry growth.
The United States Dominates the North America Holter Monitoring Systems Market
The United States emerged as the prime market for holter monitoring system in North America. The country held the major share of the market in 2018, and is projected to continue its dominance over the forecast period. According to the Centers for Disease Control and Prevention, heart diseases are the leading cause of death in the United States. More than 600,000 Americans die of heart disease each year.
The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
The years used for the assessment are as follows;