Heart-associated disorders is the leading cause of death worldwide, with the evidence of approximately 2,200 men and women succumb to cardiovascular diseases every year, which has surpassed all forms of cancer-related deaths combined so far in the U.S. alone. Thus, combating the problem of increase in incidence of heart diseases has become the focus of the medical community over the years. This demands continuous monitoring of heart rhythm, which attracts several manufacturers to introduce advanced holter monitors in the market.

Pocket size holter monitors have gained immense traction over the years, which contributes to the growth of the market. Clinicians around the globe are known to face the most compelling challenges in reducing cardiovascular deaths, one of which is the identification of patients that are at highest risk for sudden cardiac death. It is essential that the patients susceptible to sudden cardiac deaths can be detected as early as possible to start with the suitable therapies and prevention measures. This is where holter monitoring plays a pivotal role; it records the ECG values during the day and night phases, which is essential for a safe diagnosis and therapy control.

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Based on the component the global market is classified into wired holter monitors, wireless holter monitors, and holter analysis systems & software. Holter analysis systems & software have witnessed immense technological advancements in the recent years, which contributes to the highest growth rate of this segment in the global market during the forecast period. Streamlining the management of data retrieved from holter ECG monitors is essential for better diagnosis of cardiovascular diseases. This fuels the growth for holter analysis software and systems (with integrated software solutions) that enables the patients or physicians to upload ECG data. Further, the collected ECG data is automatically analyzed for heart conditions.

KEY FINDINGS OF THE STUDY

The wired holter monitors segment has dominated the global market in 2016 and is expected to maintain this dominance throughout the forecast period.
6 lead holter monitors have garnered second largest revenue among the lead types in 2016 and is expected to maintain this trend throughout the forecast period.
North America dominated the global holter ECG monitoring market, accounting for maximum share in 2016, and is expected to retain the same trend during the forecast period.
Home settings & ambulatory surgical centers (ASCs) is estimated to exhibit the highest CAGR of 9.3% from 2017 to 2023 among the end users in the global market.
The major companies profiled in this report include GE Healthcare (General Electric Company), Royal Philips Healthcare (Koninklijke Philips N.V.), Nihon Kohden Corporation, Medtronic Plc, Fukuda Denshi Co Ltd., Hill-Rom Company, Inc. (Welch Allyn), Schiller AG, Mindray Medical International Limited, and BPL Medical Technologies.

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