The global cardiac holter monitor market size reached US$ 460.4 million in 2023. The market is projected to reach US$ 721.1 million by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2023-2032.
A holter monitor is a battery-operated electrocardiography (ECG) device which assists in measuring and recording the heart’s activity for 24 to 48 hours. It comprises a software, which interprets the recorded data and ultimately helps the doctor in determining if the heart is getting adequate oxygen and diagnosing conditions related to irregular cardiac rhythms including arrhythmia, tachycardia and atrial fibrillation. These attributes of holter monitors in confluence with the rising incidences of cardiac issues among individuals are fueling their demand across the globe.
Owing to rapid urbanization, hectic work schedules and increasing consumption of fast food, a rise in the prevalence of cardiac blockages and arrests have been witnessed globally. This has increased the demand for technologically advanced devices that help in diagnosing health problems accurately. Moreover, governments in numerous countries are funding to create more awareness among individuals about different cardiovascular disorders, their prevention and treatment. Further, a significant shift toward minimally invasive diagnostic tools and preventive healthcare devices among individuals is strengthening the market growth. In line with this, manufacturers are introducing innovative and miniaturized products that offer enhanced convenience. For instance, iRhythm Technologies, a digital healthcare company, has introduced Zio Patch which incorporates the holter monitor into a small pedometer-sized device with an adhesive backing. Similarly, DMS Service has developed MyPatch Holter device that weighs less than a pound and can be stuck to the sternum of the patient, thereby eliminating the need for wires.
2. What is the expected growth rate of the global cardiac holter monitor market during 2024-2032?
3. What are the key factors driving the global cardiac holter monitor market?
4. What has been the impact of COVID-19 on the global cardiac holter monitor market?
5. What is the breakup of the global cardiac holter monitor market based on the product type?
6. What is the breakup of the global cardiac holter monitor market based on the component?
7. What is the breakup of the global cardiac holter monitor market based on the end user?
8. What are the key regions in the global cardiac holter monitor market?
9. Who are the key players/companies in the global cardiac holter monitor market?
A holter monitor is a battery-operated electrocardiography (ECG) device which assists in measuring and recording the heart’s activity for 24 to 48 hours. It comprises a software, which interprets the recorded data and ultimately helps the doctor in determining if the heart is getting adequate oxygen and diagnosing conditions related to irregular cardiac rhythms including arrhythmia, tachycardia and atrial fibrillation. These attributes of holter monitors in confluence with the rising incidences of cardiac issues among individuals are fueling their demand across the globe.
Owing to rapid urbanization, hectic work schedules and increasing consumption of fast food, a rise in the prevalence of cardiac blockages and arrests have been witnessed globally. This has increased the demand for technologically advanced devices that help in diagnosing health problems accurately. Moreover, governments in numerous countries are funding to create more awareness among individuals about different cardiovascular disorders, their prevention and treatment. Further, a significant shift toward minimally invasive diagnostic tools and preventive healthcare devices among individuals is strengthening the market growth. In line with this, manufacturers are introducing innovative and miniaturized products that offer enhanced convenience. For instance, iRhythm Technologies, a digital healthcare company, has introduced Zio Patch which incorporates the holter monitor into a small pedometer-sized device with an adhesive backing. Similarly, DMS Service has developed MyPatch Holter device that weighs less than a pound and can be stuck to the sternum of the patient, thereby eliminating the need for wires.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global cardiac holter monitor market report, along with forecasts at the global and regional level from 2023-2032. The report has categorized the market based on product type, component and end user.Breakup by Product Type:
- 1-Channel
- 2-Channel
- 3-Channel
- 12-Channel
- Others
Breakup by Component:
- Holter Monitoring Devices
- Event Monitoring Devices
- Holter Analysis System and Software
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers (ASCs)
- Homecare
- Others
Breakup by Region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being The ScottCare Corporation, GE Healthcare, Spacelabs Healthcare, Fukuda Denshi Co., Ltd., Nasiff Associates, Inc., Koninklijke Philips N.V., Biomedical Instruments Co., Ltd., Schiller, BTL, LifeWatch AG, Welch Allyn, Nihon Kohden Corporation, Medtronic Plc, Hill-Rom Company, Inc., Mindray Medical International Limited, BPL Medical Technologies, etc.Key Questions Answered in This Report
1. What was the size of the global cardiac holter monitor market in 2023?2. What is the expected growth rate of the global cardiac holter monitor market during 2024-2032?
3. What are the key factors driving the global cardiac holter monitor market?
4. What has been the impact of COVID-19 on the global cardiac holter monitor market?
5. What is the breakup of the global cardiac holter monitor market based on the product type?
6. What is the breakup of the global cardiac holter monitor market based on the component?
7. What is the breakup of the global cardiac holter monitor market based on the end user?
8. What are the key regions in the global cardiac holter monitor market?
9. Who are the key players/companies in the global cardiac holter monitor market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cardiac Holter Monitor Market
6 Market Breakup by Product Type
7 Market Breakup by Component
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porter’s Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- The ScottCare Corporation
- GE Healthcare
- Spacelabs Healthcare
- Fukuda Denshi Co. Ltd.
- Nasiff Associates Inc.
- Koninklijke Philips N.V.
- Biomedical Instruments Co. Ltd.
- Schiller
- BTL
- LifeWatch AG
- Welch Allyn
- Nihon Kohden Corporation
- Medtronic Plc
- Hill-Rom Company Inc.
- Mindray Medical International Limited
- BPL Medical Technologies
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 460.4 Million |
| Forecasted Market Value ( USD | $ 721.1 Million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
