Cardiac Holter Monitor Market Report by Product Type (Wired Monitor Device, Wireless Monitor Device, and Software), Lead Type (1-Channel, 2-Channel, 3-Channel, 12-Channel, and Others), End User (Hospitals, Ambulatory Surgical Centers, and Others), Regions and Company Analysis 2024-2032
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Global Cardiac Holter Monitor Market is poised for significant growth. It is projected to reach a staggering 1,276.43 Million by 2032, a substantial increase from US$ 692.33 Million in 2023. This growth is expected to be sustained, with a promising CAGR of 7.03 % from 2024 to 2032.
Cardiac Holter Monitor Market Outlook
An electrocardiography (ECG) gadget that runs on batteries, the Holter monitor helps measure and record the heart's activity over a 24- to 48-hour period. It consists of software that analyzes the data that has been captured, assisting the physician in diagnosing diseases associated with abnormal cardiac rhythms, such as arrhythmia, tachycardia, and atrial fibrillation, as well as assessing whether the heart is receiving enough oxygen. These features of Holter monitors, along with the growing number of people with cardiac problems, are driving up demand for them worldwide.
Rising incidence of cardiovascular diseases
The demand for efficient diagnostic tools to track and treat CVDs increases as their prevalence rises. Holter monitors are essential for the diagnosis of atrial fibrillation, one of the primary arrhythmias that causes strokes and other heart-related problems. Regular monitoring is crucial for patients with established cardiac disorders to monitor the course of the disease, evaluate the effectiveness of treatment, and modify therapeutic approaches as necessary. Holter monitors offer helpful information that aids in assessing the efficiency of drugs, dietary changes, and other therapies in managing CVD by healthcare professionals.
For instance, CDC (the Centers for Disease Control and Prevention) reported in a June 2022 update that 20.1 million persons in the US who are 20 years of age and older had coronary heart disease (CAD) in 2020. It also mentioned that the most prevalent kind of heart disease in the US is coronary heart disease. In the upcoming years, there will probably be a greater need for cardiac monitoring due to the increased frequency of cardiovascular disease.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019-2023 |
|
Market Size in 2023 |
US$ 692.33 Million |
|
Market Forecast in 2032 |
US$ 1,276.43 Million |
|
Market Growth Rate (2024-2032) |
7.03% |
Technological Advancements in holter monitors
Holter monitors that are more compact, light, and wearable have been made possible by technological advancements. Patients can be more comfortably and conveniently accommodated by these small designs, increasing the potential user base and encouraging higher compliance with long-term monitoring methods. Moreover, real-time ECG data transmission from the Holter monitor to smartphones, tablets, or cloud-based platforms is made possible by including wireless networking capabilities like Bluetooth and Wi-Fi. This improves patient participation and care coordination by enabling telemedicine consultations, remote monitoring, and seamless data sharing between patients and healthcare professionals, boosting the market growth for cardiac holter monitors.
Growing geriatric population
Aging is linked to physiological modifications in the cardiovascular system, such as changes in the electrical activity, structure, and function of the heart. Furthermore, comorbid conditions, including diabetes, hypertension, and coronary artery disease, are common in older persons, which makes them more vulnerable to cardiac arrhythmias and other cardiovascular problems. Holter monitors help in the early detection and treatment of heart disorders by offering insightful information about the cardiac health of elderly individuals.
The United Health Foundation's 2023 Senior Report states that 55.8 million Americans, or 16.8% of the country's population, were 65 or older. According to the survey, the aging population is expected to rise in the upcoming years.
North America Cardiac Holter Monitor Market
North America is leading the way in healthcare technology innovation, focusing on creating innovative medical gadgets. The cardiac Holter monitor market in the region gains from continuous research and development efforts aimed at improving the device's functionality, data analytic potential, and user experience. In addition, cardiovascular illnesses continue to be North America's primary source of morbidity and mortality. Holter monitors are necessary for early detection, diagnosis, and treatment of heart failure, hypertension, atrial fibrillation, and coronary artery disease, which are among the many common disorders in the area.
For instance, as per the published research in Feb 2022 by the Heart and Stroke Foundation of Canada, heart failure affects 750,000 people in Canada, and 100,000 new instances of this fatal illness are discovered there each year.
Additionally, factors like the rapid aging of the population, rising healthcare expenditures, and the uptake of remote monitoring are also helping the market in North America.
Global Cardiac Holter Monitor Company Analysis:
Some leading cardiac holter monitor companies are General Electric Company (GE), Nihon Kohden Corporation, Hill-Rom Holdings, Inc., OSI Systems, Inc., Boston Scientific Corporation, Koninklijke Philips N.V., Medtronic plc, and Irhythm Technologies Inc.
Global Cardiac Holter Monitor Company News:
Nov 2022: DMS-Service created a patch for continuous ECG data recording to monitor adult, neonatal, and pediatric heart health.
April 2022: In order to enhance clinical performance and patient care, Prisma Health (US) and Royal Philips (Netherlands) partnered to support the health system in standardizing patient monitoring, promoting enterprise imaging technology innovation, and achieving enterprise interoperability.
April 2022: In Europe, Medtronic has released artificial intelligence algorithms for heart monitoring.
Nov 2021: Philips announced that it had acquired Cardiology, a French medical technology startup specializing in artificial intelligence and cloud computing to revolutionize cardiac diagnosis.
Product Type– Market breakup in 3 viewpoints:
- Wired Monitor Device
- Wireless Monitor Device
- Software
Lead Type– Market breakup in 5 viewpoints:
- 1-Channel
- 2-Channel
- 3-Channel
- 12-Channel
- Others
End Use– Market breakup in 3 viewpoints:
- Hospitals
- Ambulatory Surgical Centers
- Others
Country – Market breakup of 25 Countries:
- North America
- United States
- Canada
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherland
- Turkey
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Sales Analysis
- Product Portfolio
- Recent Development & Strategies
Key Players Analysis:
- General Electric Company (GE)
- Nihon Kohden Corporation
- Hill-Rom Holdings, Inc.
- OSI Systems, Inc.
- Boston Scientific Corporation
- Koninklijke Philips N.V.
- Medtronic plc
- Irhythm Technologies Inc
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Product Type, Lead Type, End User and Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Cardiac Holter Monitor Market
6. Global Cardiac Holter Monitor Market-Share Analysis
6.1 By Product Type
6.2 By Lead Type
6.3 By End User
6.4 By Countries
7. Product Type
7.1 Wired Monitor Device
7.2 Wireless Monitor Device
7.3 Software
8. Lead Type
8.1 1-Channel
8.2 2-Channel
8.3 3-Channel
8.4 12-Channel
8.5 Others
9. End User
9.1 Hospitals
9.2 Ambulatory Surgical Centers
9.3 Others
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 UAE
11. Porter’s Five Forces Analysis
11.1 Bargaining Power of Buyer
11.2 Bargaining Power of Supplier
11.3 Threat of New Entrants
11.4 Rivalry among Existing Competitors
11.5 Threat of Substitute Products
12. SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 General Electric Company (GE)
13.1.1 Company overview
13.1.2 Sales Analysis
13.1.3 Product Portfolio
13.1.4 Recent Development & Strategies
13.2 Nihon Kohden Corporation
13.2.1 Company overview
13.2.2 Sales Analysis
13.2.3 Product Portfolio
13.2.4 Recent Development & Strategies
13.3 Hill-Rom Holdings, Inc.
13.3.1 Company overview
13.3.2 Sales Analysis
13.3.3 Product Portfolio
13.3.4 Recent Development & Strategies
13.4 OSI Systems, Inc.
13.4.1 Company overview
13.4.2 Sales Analysis
13.4.3 Product Portfolio
13.4.4 Recent Development & Strategies
13.5 Boston Scientific Corporation
13.5.1 Company overview
13.5.2 Sales Analysis
13.5.3 Product Portfolio
13.5.4 Recent Development & Strategies
13.6 Koninklijke Philips N.V.
13.6.1 Company overview
13.6.2 Sales Analysis
13.6.3 Product Portfolio
13.6.4 Recent Development & Strategies
13.7 Medtronic plc
13.7.1 Company overview
13.7.2 Sales Analysis
13.7.3 Product Portfolio
13.7.4 Recent Development & Strategies
13.8 Irhythm Technologies Inc
13.8.1 Company overview
13.8.2 Sales Analysis
13.8.3 Product Portfolio
13.8.4 Recent Development & Strategies
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