Global Holter Monitoring Systems Market to Reach US$154 Million by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Holter Monitoring Systems markets. The global market for Holter Monitoring Systems is forecast to reach US$154 million by the year 2015. Key factors driving market growth include a rapid rise in the number of patients suffering from cardiovascular diseases, aging population, and the introduction of innovative products. Additionally, increased demand from developing markets, including Asia-Pacific, Latin America, Eastern Europe, and Middle East is fuelling market growth.

Holter Monitoring Systems: A Global Strategic Business Report

The healthcare environment worldwide, places utmost importance on quick and accurate identification of patient problems to avoid hospitalization. Emerging markets world over, provide substantial growth opportunities for stress testing systems such as holter monitoring systems. Heart ailments become more common with age, thus rise in the aging population group remains a key growth driver for the market. With graying population, technological advancements and increased adoption of innovative technologies, the holter monitoring market is characterized by substantial growth and innovations. Holter monitoring is the most commonly employed noninvasive diagnostic test for ambulatory patients, prone to latent life threatening cardiac abnormalities. Applications of Holter monitors have become more procedure specific over the years. These include follow-up for heart attack patients, measuring heart rate variability, identifying silent ischemia/ST segment analysis, identifying patients at risk of sudden death, and detecting implantable pacemaker malfunctions.

Untied States represents the largest region for holter monitoring systems worldwide, as stated by the new market research report on Holter Monitoring Systems. Japan and Europe trail the US in terms of sales of holter monitoring systems. Growth-wise, Asia-Pacific is projected to be the fastest growing regional market for holter monitoring systems, with a CAGR of 2.6% over the analysis period. Factors contributing to the growth include growing incidence of cardiovascular diseases in Asia-Pacific region owing to changing lifestyles brought about by growth in urbanization and transitions in developing economies. Obesity problems and increased stress levels due to the fast moving life have further aggravated heart ailments, which in turn bolstered the demand for diagnostic cardiac monitoring devices such as holter monitoring systems.

Large hospitals constitutes the largest holter monitoring systems end outlet. On the other hand, small hospitals & cardiology clinics segment is poised to offer high growth potential for holter monitoring systems, with revenues growing at a compounded annual rate of 2.5% over the analysis period.

Reduction of reimbursements represents a major issue confronting the holter systems market. Reimbursements for few of the healthcare services are likely to be reduced or completely eliminated in matured markets such as Europe and the US to reduce the increasing trade deficits, which is largely due to the increased healthcare reimbursements offered by the governments. The reduction in reimbursements is expected to negatively affect the entire healthcare industry, including the holter systems market.

Holter monitoring industry continues to witness a consolidation trend, with major players taking over smaller companies for strengthening their market position. Key players profiled in the report Alba Medical Systems Inc., Biotel Inc., Braemar Inc., Cardiac Science Corporation, Fukuda Denshi Co. Ltd., GE Healthcare UK Ltd., Medicomp Inc., Mortara Instrument Inc., Philips Healthcare, Schiller-AG, Sorin Group, and Spacelabs Healthcare Inc.

The research report titled “Holter Monitoring Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the holter monitoring systems markets, current market trends, key growth drivers, product overview, review on cardiac disorders, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Holter Monitoring Systems market for the years 2007 through 2015 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key end-outlets analyzed include Large Hospitals, Mid-Sized Hospitals, and Small Hospitals & Cardiology Clinics. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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