Holter Market | Growing demand for wearable devices for ECG monitoring | BioSpace

2021-12-15 01:16:42 By : Ms. Faith Zeng

The Holter display market is expected to experience tremendous growth opportunities in the next few years. This market growth is achieved in the context of the rising prevalence of cardiovascular diseases. Due to the weak immune system, the rapid growth of the elderly population may drive growth opportunities in the Holter monitor market.

Favorable regulatory policies and advances in telemetry technology may drive growth opportunities in the Holter monitor market. In addition, market participants are also investing in early detection of arrhythmias. It is expected that the technological progress and growth trend of dynamic monitoring equipment will promote the expansion opportunities of the dynamic monitoring market.

In recent years, people have paid more and more attention to personal health. They are investing heavily in various healthcare services and facilities. The demand for wearable devices for ECG monitoring continues to grow. Due to these healthcare factors, the Holter display market is expected to have expansion opportunities in the next few years.

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Holter monitor market: key trends

The portable Holter is expected to occupy a dominant position in the product field and occupy the largest share of market revenue. The growth of this segment is due to an aging population, rapid results, low cost, and rising prevalence of atrial fibrillation. In addition, new product releases with real-time results and technological advancements are expected to promote growth opportunities in the Holter display market. 

During the COVID-19 pandemic, patients have reported multiple arrhythmias. This has brought further complications in the course of COVID-19. Due to these complications, the demand for dynamic equipment continues to increase, which further promotes the growth of the Holter monitor market. 

Due to insurance coverage policies and strict approval guidelines, the market growth of Holter monitoring equipment has been adversely affected. The average reimbursement for the Holter monitor study is relatively lower than the reimbursement for cardiac telemetry. In addition, the lack of expertise in data analysis in emerging countries may hinder the growth momentum of the Holter display market. 

Holter monitor market: competitive dynamics and key developments

Major players in the Holter display market are adopting different strategies to drive growth momentum in the next few years. These market participants have adopted cooperation, partnerships, mergers, acquisitions, new product launches, and several other strategies. Because of these strategies, the Holter display market may experience significant growth opportunities in the next few years.

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For example, iRhythm Technologies has announced the use of telemetry to provide cardiac treatment assistance to doctors during the COVID-19 pandemic in April 2020. The organization also provided its virtual platforms Zio AT and Zio XT. These platforms are used for family registration to help patients receive treatment during the pandemic. Manufacturers in the Holter display market are working hard to introduce new products with technological advancements.

Some of the major players in the Holter display market include:

Holter Monitor Market: Regional Assessment 

The Holter display market is distributed in different geographic locations around the world, including North America, Asia Pacific, Europe, the Middle East and Africa, and South America. Among these regions, North America is expected to maintain a significant growth rate in the next few years. This regional growth of the Holter display market is due to the increasing number of new products launched in the region during the forecast period.

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