Report : South and Central 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 South and Central America Holter ECG Market during 2021-2028
According to a new market research study on “South and Central 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$ 59.22 million by 2028 from US$ 36.67 million in 2021. The market is estimated to grow at a CAGR of 7.1% from 2021 to 2028. The report provides trends prevailing in the South and Central America holter ECG market along with the drivers and restraints pertaining to the market growth. Growth in the cases of cardiovascular diseases (CVDs) and upsurge in elderly population are major factors driving the growth of the South and Central America holter ECG market. However, lack of skilled professionals leading to inaccurate holter ECG analysis may hinder the growth of South and Central America holter ECG market.
The COVID-19 pandemic has led to remarkable impacts on health systems, social life, and human behavior in South and Central America. Market participants and end users lost their businesses due to the shutdown of companies in the region for indefinite periods. Moreover, the outbreak has disrupted supply chains, and impacted the distribution of ECG and other devices. Restrictions were levied on trade affected various businesses in the region. In addition, a reduction in visits to healthcare centers as various procedures were postponed by these facilities, except the emergency cases, to avoid infection. These factors considerably deterred the growth of the South and Central America Holter ECG market. However, many governments have developed guidelines to provide uninterrupted and effective care to people, which are likely to drive the South and Central America Holter ECG market growth during the forecast period.
The market for South and Central 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 South and Central America holter ECG market. Based on end user, the South and Central 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 South and Central America holter ECG market is segmented into Brazil, Argentina and rest of South and Central America. In 2021, Brazil held the largest share in South and Central America holter ECG market. Furthermore, in this present scenario of COVID 19 pandemic, the South and Central America holter ECG market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South and Central America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for holter ECG.
General Electric, Koninklijke Philips N.V., Nihon Kohden Corporation, Schiller Healthcare India Pvt. Ltd. and Hill Rom Holding Inc. are some of the leading companies in the South and Central 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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