Rapidly expanding elderly population and growing incidence of cardiovascular diseases has fuelled the demand for long-term cardiac monitoring equipment. Growth in the Holter monitoring market is technology-dependent, besides demographics also remain a perennial growth driver. The report forecasts the market for Holter Monitoring Systems to reach $143 million by 2010.
San Jose, CA (PRWEB) April 21, 2008 -- Cardiovascular monitoring is extremely beneficial for cardiac patients. High-risk patients need to be continuously monitored during diagnostic as well as patient care stages. Rising incidence of cardiovascular diseases has necessitated uninterrupted monitoring of cardiac patients, which substantially enhances the demand for cardiac monitoring equipment and associated supplies. The demand is particularly strong for equipment such as Holter monitoring systems, ECG, stress-testing equipment, and cath lab cardio-monitoring systems. Holter monitoring system, also known as AECG (Ambulatory electrocardiography), is employed in monitoring and recording a patient's cardiac rhythm. The data generated from monitoring systems is utilized in the early detection of cardiac abnormalities such as ischemia.
United States, Europe, and Japan together account for more than 85% share of the worldwide Holter monitoring systems market for 2008, as stated by Global Industry Analysts, Inc. Asia-Pacific and Latin America are projected to be the fastest growing regional markets over the period 2001-2010. Analysis of end outlets indicates small hospitals and cardiology clinics constitute the fastest growing segment for Holter monitoring systems.
France, Germany, Italy, and United Kingdom represent the leading markets, accounting for more than 65% of the Holter monitoring systems market in Europe. The cost associated with diagnosis, treatment, and rehabilitation of cardiovascular patients has risen rapidly in Europe. An aging baby boomer generation and changing consumer lifestyles have led to an exponential rise in cardiovascular diseases, necessitating the use of diagnostic cardiac monitoring devices such as Holter monitoring systems. In Europe, Large hospitals segment account for about 47% share of the total sales.
Major players profiled in the report include Biotel, Advanced Biosensor Inc, Cardiac Science Corporation, GE Healthcare, Fukuda Denshi, Medicomp, Integrated Medical Devices, Mortara Instrument, Philips Medical Systems, Spacelabs Healthcare, Schiller AG, and Sorin Group.
The report titled "Holter Monitoring Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc., reviews the market across three major segments, namely Large Hospitals, Mid-Sized Hospitals, and Small Hospitals & Cardiology Clinics. The study analyzes global and regional markets over the 2001-2015 period, while historic analytics provide an overview of the industry's performance in the past (1995-2000). Analysis is presented for major markets including United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.
For more details of this research report please visit http://www.strategyr.com/Holter_Monitoring_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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