Pune, India, Nov. 17, 2020 (GLOBE NEWSWIRE) -- The global holter ECG market size will rise at a considerable pace driven recent technological advancements. The increasing applications of holter ECG across the healthcare industry will emerge in favor of market growth. According to a report by Fortune Business Insights. The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global market and discusses how major companies are coping with this. North America to Emerge Dominant; Increasing Geriatric Population will Aid Market Growth
May 2018: Preventice Solutions announced the launch of the BodyGuardian Mini, the smallest reusable long-term holter technology for cardiac monitoring.
March 2019: Bittium announced the launch of Bittium HolterPlus remote cardiac monitoring solution at EHRA, Lisbon.
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A holter ECG is a portable electrocardiogram that can track electric activity of the heart. The incidence of heart-related disorders and the increasing demand for early detection and prevention tools will contribute to the increasing adoption of holter ECGs across the world. The massive investments in technological intervention, coupled with recent technological advancements in product manufacturing will have a massive impact on the growth of the overall market in the coming years.
The presence of several large scale companies will also emerge in favor of growth of the overall holter ECG market in the coming years. With increasing need for portable devices, companies are likely to maximize marketing strategies with advertising the most efficient medium for marketing.
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Increasing Number of Product Innovations will have a Huge Impact on Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for holter ECGs across the world, there have been several product innovations in recent years.
Several large scale companies are looking to invest heavily in the integration of technologically advanced concepts in manufacturing with the aim of acquiring a wider consumer base. In February 2019, SCHILLER announced the launch of a new holter ECG device with advanced functioning capabilities. The company introduced ‘medilogAR,’ a product that has features such as longer recording time and less atrial fibrillation detection time requirement.
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North America to Emerge Dominant; Increasing Geriatric Population will Aid Market Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years.
The rising geriatric population in countries such as the United States and Canada will contribute to the growing adoption of the product in this region. The massive investments by large scale companies in this region, coupled with the presence of several large scale companies will have a direct impact on the growth of the holter ECG market in the foreseeable future.
List of companies profiled in the Holter ECG Market report:
- GENERAL ELECTRIC COMPANY
- Koninklijke Philips N.V.
- NIHON KOHDEN CORPORATION.
- FUKUDA DENSHI
- Hillrom Services Inc.
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Holter ECG Market Segmentations:
• Wired Holter ECG Monitor
• Wireless Holter ECG Monitor
By Lead Type
• Patch Type 1 Lead Holter Monitor
• 3 Lead Holter Monitor
• 6 Lead Holter Monitor
• 12 Lead Holter Monitor
By End User
• Hospitals & Clinics
• Ambulatory Surgical Centers (ASCs)
• North America (USA, Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
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