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It has been found that the Holter monitoring system can evaluate and treat ventricular tachycardia in time
Seattle, Washington, USA, December 7, 2021/EINPresswire.com/ - The Holter monitoring system has been found to be able to promptly evaluate and treat most patients with cardiogenic shock in ventricular tachycardia, ventricular fibrillation, abnormal ventricular rhythm and heart rhythm Arrhythmia. This innovative and advanced technology can quickly assess and treat ventricular tachycardia, ventricular fibrillation and arrhythmia during the process. These advancements have improved the quality of care provided to patients in large hospitals, medium-sized hospitals, and other healthcare institutions. With the development of cutting-edge technology and the increasing demand for safe and effective treatment, the global Holter monitoring system industry will continue to grow rapidly in the future.
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By the end of 2027, the value of the global dynamic monitoring system market is estimated to reach 1.3971 billion US dollars.
Global Holter Monitoring System Market: Driving Factors
The increasing prevalence of cardiovascular disease (CVD) is driving the growth of the global Holter monitoring system market. For example, according to the 2018 statistics on heart disease and stroke by the American Heart Association, approximately 92.1 million adults in the United States suffer from some form of cardiovascular disease or the sequelae of stroke.
In addition, the intensified population aging is expected to also drive market growth. For example, according to the World Health Organization, by 2050, the elderly population is expected to increase from 900 million in 2015 to 2 billion.
North America is in a leading position in the global Holter monitoring system market in 2019, accounting for a 34.6% share by value, followed by 2027.
Global Holter Monitoring System Market: Limitations
Some countries have weak equipment-related approval guidelines and insurance coverage policies, which are expected to limit market growth. For example, the average reimbursement for the Holter monitoring study is estimated to be less than $100, which is relatively lower than the mobile heart telemetry reimbursement.
On the other hand, the lack of expertise required for data analysis in emerging countries is expected to once again hinder the growth of the Holter monitoring system market.
Global Holter Monitoring System Market: Opportunities
Increasing attention to the development of processing expertise in Holter monitoring systems is expected to provide market participants with profitable growth opportunities. For example, NorthEast Monitoring, Inc., headquartered in the United States, provides Holter technical training through its dynamic heart hardware and software solutions.
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In addition, it is expected that more and more public and private hospitals in emerging economies will once again support market growth. For example, according to data from the Ministry of Health and Family Welfare of the Government of India, the number of government hospitals in India increased from 35,416 in 2017 to 37,725 in 2018.
The hospital sector of the global dynamic monitoring system market in 2019 is valued at US$529 million and is expected to reach US$775.8 million by 2027, with a compound annual growth rate of 4.9% during the forecast period.
The data management system is integrated with the Holter monitor to provide a comprehensive ECG and patient history, which can be accessed remotely.
In addition, the demand for implantable heart monitors is also high. The implantable loop recorder can perform long-term heart rhythm monitoring and can provide more insight than the Holter monitor.
Global Holter Monitoring System Market: Competitive Landscape
Major players operating in the global Holter monitoring system market include Koninklijke Philips NV, Welch Allyn, Inc., Biotricity Inc., Bittium Corporation, Schiller AG, Shimmer, Fukuda Denshi Co., Ltd., Nihon Kohden Corporation, VivaQuant, and GE Hygiene health care.
Global Holter Monitoring System Market: Main Developments
Major players are increasing investment to expand their product portfolio. For example, in December 2019, Biotricity Inc., a medical diagnostics and consumer healthcare technology company, raised $6 million for FDA Filing for its patch solution in the first 6 months of 2020, which will be a new product in this field. Dynamic Monitoring.
Major players are also focusing on launching new products to expand their product portfolio. For example, in November 2019, Bittium Corporation, a cardiology and neurology equipment company based in Finland, demonstrated Bittium HolterPlus, a network-based remote heart monitoring solution at Medica 2019, powered by Bittium Faros ECG equipment and Bittium The HolterPlus mobile app consists of the leading international trade fair in the medical industry in Germany.
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