Report : North America Holter ECG Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Wired Holter Monitors, Wireless Holter Monitors, and Holter Analysis Systems & Software) and End User (Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers, and Other End Users)
The Wired Holter Monitors Segment to Dominate North America Holter ECG Market during 2021-2028
According to a new market research study on “North America Holter ECG Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Component, End User and Country,” is expected to reach US$ 379.35 million by 2028 from US$ 216.83 million in 2021. The market is estimated to grow at a CAGR of 8.3% from 2021 to 2028. The report provides trends prevailing in the North America holter ECG market along with the drivers and restraints pertaining to the market growth. Rising prevalence of cardiovascular diseases (CVDs) and significant rise in elderly population are major factors driving the growth of the North America holter ECG market. However, lack of skilled professionals leading to inaccurate holter ECG analysis may hinder the growth of North America holter ECG market.
As the COVID-19 pandemic continued to unfold, medical device companies began facing difficulties while managing their operations. Many cardiac monitoring product providers have presence in the US, and they experienced the adverse effects of the pandemic from March 2020 through early 2021 due to the framed policies of US healthcare authorities about elective cardiac surgeries. However, the demand for arrhythmia monitoring devices in the region had a substantial impact on the adoption of Holter ECG. Disturbed distribution and decreased demand for these products limited the North America Holter ECG market growth in the last two years.
The market for North America holter ECG is segmented into component, end user and country. Based on component, the market is segmented into wired holter monitors, wireless holter monitors, and holter analysis systems & software. In 2021, the wired holter monitors segment held the largest share in North America holter ECG market. Based on end user, the North America holter ECG market is segmented into hospitals & clinics, home settings, ambulatory surgical centers, and other end users. The home settings segment is expected to be the fastest growing segment over the forecast period. Based on country, the North America holter ECG market is segmented into US, Canada and Mexico. In 2021, US held the largest share in North America holter ECG market. Furthermore, in this present scenario of COVID 19 pandemic, the North America holter ECG market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for holter ECG.
Fukuda Denshi, General Electric, Koninklijke Philips N.V., Nihon Kohden Corporation, OSI Systems, Inc., Schiller Healthcare India Pvt. Ltd. and Hill Rom Holding Inc. are some of the leading companies in the North America holter ECG market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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