Overview and Scope
Holter monitor is a portable device used to continuously record the heart’s electrical activity. The device consists of electrodes placed on the chest, connected to a small recording device worn on the belt or shoulder strap. It is worn for 24 to 48 hours to monitor heart rhythms, which helps in diagnosing irregularities such as arrhythmias.
Sizing and Forecast
The holter monitor market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $1.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to the emergence of remote patient monitoring solutions, increasing adoption in the elderly population, rising healthcare expenditure globally, evolving guidelines favoring continuous cardiac monitoring, and a growing focus on early detection of cardiac abnormalities.
The holter monitor market size is expected to see strong growth in the next few years. It will grow to $1.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to the expansion of telemedicine and remote healthcare, the aging population, increased prevalence of cardiovascular diseases, advancements in data analytics and artificial intelligence, and rising demand for personalized medicine and preventive healthcare. Major trends in the forecast period include increased adoption of wireless and patch-style monitors, growth of ambulatory ECG monitoring services, expansion of home-based cardiac monitoring programs, development of compact and user-friendly devices, and integration of telemedicine platforms for remote cardiac care.
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Segmentation & Regional Insights
The holter monitor market covered in this report is segmented –
1) By Product Type: Wired, Wireless
2) By Channel Type: 3 Channel, 12 Channel, Other Channel Types
3) By Monitoring Capacity: Upto 7 Days, Above 7 Days
4) By End User: Hospitals, Specialty Cardiac Centers, Other End Users
North America was the largest region in the holter monitor market in 2023. The regions covered in the holter monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising incidence of cardiovascular diseases is expected to propel the holter monitor market going forward. Cardiovascular disease refers to conditions that affect the heart or blood vessels, often leading to complications such as heart attacks or strokes. The incidence of cardiovascular disease is due to sedentary lifestyles, unhealthy dietary habits, rising obesity rates, and an aging population. Holter monitors are utilized in cardiovascular diseases for continuous monitoring of heart rhythms, aiding in diagnosing and managing conditions such as arrhythmias and ischemic events. For instance, in May 2023, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the number of people who died from heart disease in the US increased from 690,882 in 2020 to 695,000 in 2021. Therefore, the rising incidence of cardiovascular diseases is driving the growth of the holter monitor market.
Key Industry Players
Major companies operating in the holter monitor market are Koninklijke Philips N.V., GE HealthCare Technologies, Baxter Laboratories Inc., Lepu Medical Technology(Beijing)Co Ltd., Fukuda Denshi Co Ltd., Bittium Corporation, BTL Corporate, iRhythm Technologies Inc., Schiller AG, Edan Instruments Inc., Contec Medical Systems Co Ltd., BPL Medical Technologies, ScottCare Corporation, EB Neuro S.p.A, Advanced Instruments Inc., Custo Med GmBH, ACS Diagnostics GmbH, Biotricity Inc., Nasiff Associates Inc., Cortrium ApS, Cardioline S.p.A., Labtech Ltd., Aspel SA, Borsam BioMedical Instruments Co. Ltd., AMEDTEC Medizintechnik Aue GmbH
The holter monitor market report table of contents includes:
1. Executive Summary
2. Holter Monitor Market Characteristics
3. Holter Monitor Market Trends And Strategies
4. Holter Monitor Market – Macro Economic Scenario
5. Global Holter Monitor Market Size and Growth
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31. Holter Monitor Market Other Major And Innovative Companies
32. Global Holter Monitor Market Competitive Benchmarking
33. Global Holter Monitor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Holter Monitor Market
35. Holter Monitor Market Future Outlook and Potential Analysis
36.Appendix
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