The Wired Holter Monitors Segment to Dominate Middle East and Africa Holter ECG Market during 2021-2028

According to a new market research study on “Middle East and Africa Holter ECG Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Component, End User and Country,” is expected to reach US$ 79.27 million by 2028 from US$ 49.54 million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa holter ECG market along with the drivers and restraints pertaining to the market growth. Incrementing Instances of cardiovascular diseases (CVDs) and significant rise in elderly population are major factors driving the growth of the Middle East and Africa holter ECG market. However, lack of skilled professionals may hinder the growth of Middle East and Africa holter ECG market.

The onset of COVID-19 in the Middle East and Africa resulted in the overburdening of healthcare facilities in the region. Cardiac surgeons were overloaded with urgent cardiac surgeries and COVID-19 patient management, alongside ensuring the implementation of safety guidelines to prevent the spread of the virus. Furthermore, the shortage of hospital supplies is adding to the criticality of the condition. During the early phases of the pandemic, the focus of healthcare professionals was limited to COVID-19, which substantially hampered other diagnostic procedures and elective surgeries in the region. Moreover, the enactment of social restrictions resulted in limited patient visits to cardiac centers and drastically lowered the demand and adoption of Holter ECG devices in the Middle East and Africa. Apart from this, the UAE population is already facing a high burden of noncommunicable diseases, further making them vulnerable to COVID-19. Moreover, economic uncertainties and ongoing conflicts are worsening the conditions in this region. COVID-19 pandemic is challenging hospital capacity and healthcare workers.   

The market for Middle East and Africa 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 Middle East and Africa holter ECG market. Based on end user, the Middle East and Africa 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 Middle East and Africa holter ECG market is segmented into Saudi Arabia, South Africa, UAE and rest of Middle East and Africa. In 2021, rest of Middle East and Africa held the largest share in Middle East and Africa holter ECG market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa holter ECG market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa 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, OSI Systems, Inc., Schiller Healthcare India Pvt. Ltd. and Hill Rom Holding Inc. are some of the leading companies in the Middle East and Africa 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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