The holter monitoring systems market has been estimated to reach a value of $474.6 million by 2018, driven by the aging global population, and the development of innovative products.
A holter monitor is a portable device for continuously monitoring various electrical activity of the cardiovascular system for at least 24 hours (often for two weeks at a time), to detect silent ischemia and other abnormalities that can be stress-related, sleep related and spontaneous or random.
Research programs have corroborated the significance and effectiveness of 24-hour holter monitoring systems in patients exhibiting high probability of arrhythmias, as well as unexplained syncope. High-risk patients need to be continuously monitored during diagnostic as well as patient care stages.
Holter monitoring devices are well accepted among clinicians and patients, and are presently used as a standard in cardiac diagnostic processes.
Rising healthcare costs and efforts to reduce duration of hospital stays, as part of cost-cutting measures, are also expected to bolster demand for Holter monitoring systems.
Technological advancements like the development of hybrid systems and disposable monitoring devices are expected to encourage adoption and frequency of use of the system.
Major regional markets offering tremendous growth opportunities include China, India, Malaysia, Indonesia, the Philippines and Singapore among others. With cardiovascular diseases becoming a cause of concern in these regions, demand for preventive care is rising, thereby fuelling demand for diagnostics devices used in the area of cardiology.
Besides an ageing population, factors such as high prevalence of obesity and increased stress levels are all contributing to the rise in heart ailments, which in turn have bolstered the demand for diagnostic cardiac monitoring devices.
The market also stands to benefit from product advancements over the years aimed at offering high-resolution recording, increased diagnostic yield and extended recording time.
For more information on the holter monitoring systems market, see the latest research: Holter Monitoring Systems Market
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