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Cardiac Holter Monitor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1407
Year End
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Market Overview:
The global cardiac holter monitor market size reached US$ 435.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 606.8 Million by 2028, exhibiting a growth rate (CAGR) of 5.39% during 2023-2028.
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.
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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:
IMARC Group 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 2023-2028. Our 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:
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- 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:
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- 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Product Type, Component, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | 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 and BPL Medical Technologies |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global cardiac holter monitor market was valued at US$ 435.6 Million in 2022.
We expect the global cardiac holter monitor market to exhibit a CAGR of 5.39% during 2023-2028.
The rising prevalence of cardiac blockages and arrests, along with the increasing awareness towards various cardiovascular disorders, their prevention, and treatment is primarily driving the global cardiac holter monitor market.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective cardiovascular treatments to reduce the risk of coronavirus infection upon hospital visits and interaction with medical equipment, thereby negatively impacting the global market for cardiac holter monitor.
Based on the product type, the global cardiac holter monitor market can be segmented into 1-channel, 2-channel, 3-channel, 12-channel, and others. Currently, 3-channel holds the majority of the total market share.
Based on the component, the global cardiac holter monitor market has been divided into holter monitoring devices, event monitoring devices, and holter analysis system and software. Among these, holter monitoring devices currently exhibit a clear dominance in the market.
Based on the end user, the global cardiac holter monitor market can be categorized into hospitals and clinics, Ambulatory Surgical Centers (ASCs), homecare, and others. Currently, hospitals and clinics account for the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global cardiac holter monitor market include 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.
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