Global Cardiac Holter Monitor Market is projected to reach US$ 713.5 Million in 2030, according to the publisher. The Cardiac Holter monitor industry has transformed from bulky devices to sleek and intelligent wearables, harnessing advanced technology for accurate long-term heart monitoring and empowering individuals to take charge of their cardiovascular health. A cardiac Holter monitor is a portable device that records the heart's electrical activity for 24-48 hours to detect irregular heartbeats. It is used when a traditional ECG is insufficient, providing detailed information for diagnosing arrhythmias and assessing their severity and impact on daily life. The monitor, worn as a chest belt with electrodes, captures the heart's electrical activity, storing the data for later review. The Holter monitor is non-invasive, safe, and cost-effective compared to other heart tests, making it a convenient option for diagnosing and tracking heart conditions during various activities, including exercise. It offers valuable insights into heart health with convenience, safety, and affordability.Cardiac Holter Monitor Market will to reach US$ 713.5 Million in 2030
Global Cardiac Holter monitor Market is foreseen to experience a CAGR of 5.71% from 2023 to 2030
The increasing prevalence of cardiovascular diseases, such as heart disease and arrhythmias, has led to a higher demand for cardiac Holter monitors. According to the World Health Organization, there were an estimated 273.6 million people living with cardiovascular diseases in 2022. Technological advancements, including wireless connectivity and enhanced data analysis capabilities, have improved the convenience and accuracy of Holter monitors, driving their adoption. The growing aging populations, emphasis on preventive healthcare, increased healthcare expenditure, and integration with other healthcare systems have also contributed to the market's growth by improving patient outcomes and enabling remote monitoring.The rising prevalence of atrial fibrillation (AF) and the increasing risk factors such as obesity and diabetes are driving the growth of AF cases. This is further supported by the increasing adoption of remote patient monitoring (RPM), which reduces the need for hospital visits for Holter monitor testing. The availability of Holter monitors directly to consumers eliminates the requirement for hospital visits. Wireless Holter monitors offer convenience and freedom of movement, while the development of AI-integrated Holter monitors enables the automatic detection of heart problems, contributing to the growth and advancements in the global cardiac Holter monitor market.
Dominance of 1-channel cardiac Holter monitors is driven by their affordability, simplicity, and accuracy
By product, the global cardiac Holter monitor market is fragmented into 1-channel, 2-channel, 3-channel, 12-channel, and others. 1-channel cardiac Holter monitors are preferred by patients with limited financial resources and those who are not technologically inclined. Despite limitations like recording only one channel of heart activity and potential lower sensitivity to arrhythmias compared to multi-channel monitors, their advantages of cost-effectiveness, ease of use, and accuracy make them a favorable choice for most patients in monitoring heart activity.Wireless Holter monitors are gaining popularity in the cardiac monitor market due to their convenience, accuracy, and data transmission capabilities
By component, the global cardiac Holter monitor market is divided into Wired Holter monitor, Wireless Holter monitor, and Holter analysis systems & software. Wireless Holter monitors allow patients to move freely without wires, making them suitable for active individuals. They provide the same level of accuracy as traditional monitors and can transmit data wirelessly to healthcare facilities, eliminating the need for patients to return the monitor. Despite being more expensive, the convenience and accuracy they offer justify their growing popularity in the global cardiac Holter monitor market.Hospitals dominate the global cardiac Holter monitor market due to their infrastructure, reimbursement support, and large patient pool
By End-Use, the global cardiac Holter monitor market is categorized into Hospitals, Ambulatory Centers, Home Healthcare, and Others. Hospitals possess the necessary infrastructure, including trained staff, equipment, and facilities, to effectively conduct and analyze Holter monitor tests. They also benefit from reimbursement support provided by insurance companies, making it financially viable for them to offer such testing compared to other healthcare providers. Furthermore, hospitals have access to a substantial patient pool, increasing the potential number of individuals who can benefit from Holter monitor testing.United States has a significant demand for Holter monitors driven by a large population affected by heart disease
By country, the global cardiac Holter monitor market is broken up into United States, Canada, Germany, United Kingdom, France, Italy, Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, South Africa, Israel, Australia, and UAE. With approximately 121.5 million adults (46.6% of the adult population) having cardiovascular disease (CVD) in 2022, there is a substantial market for Holter monitors in the United States. The country high healthcare spending enables substantial investment in advanced technologies, including Holter monitors. The presence of leading technology companies such as Medtronic, GE Healthcare, and Philips Healthcare further contributes to the development and innovation of Holter monitor technologies. Moreover, the strong regulatory environment ensures the safety and effectiveness of Holter monitors, solidifying the United States position as a prominent player in the global cardiac Holter monitor market.The growth of China cardiac Holter monitor market can be attributed to the rising prevalence of heart disease, driven by an aging population, increasing obesity rates, and high levels of air pollution. Healthcare professionals and patients are also recognizing the significance of cardiac monitoring for early detection and diagnosis, increasing the demand for Holter monitors. Advanced technologies like wireless and AI-integrated Holter monitors are enhancing convenience and accuracy, further fueling market growth in China.
Competitive Landscape
Key companies present in the global cardiac Holter monitor market are General Electric, NIHON KOHDEN, Hill-Rom Company, Inc, OSI Systems, Inc., Boston Scientific, Koninklijke Philips N.V., and Medtronic Plc.In November 2022, DMS-Service developed a patch designed for continuous ECG data recording, specifically for monitoring cardiac health in adults, newborns, and children.
This report titled “Global Cardiac Holter Monitor Market by Products (1-channel, 2-channel, 3-channel, 12-channel, and others), Components (Wired Holter monitor, Wireless Holter monitor, and Holter analysis systems & software), End-Use (Hospitals, Ambulatory Centers, Home Healthcare, and Others), Countries (United States, Canada, Argentina, Brazil, Mexico, Colombia, Germany, United Kingdom, France, Italy, Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Australia, Saudi Arabia, UAE, Israel and South Africa), Company Analysis (General Electric, NIHON KOHDEN, Hill-Rom Company, Inc, OSI Systems, Inc., Boston Scientific, Koninklijke Philips N.V., and Medtronic Plc.)" provides complete study of Global Cardiac Holter Monitor Market.
Products - Global Cardiac Holter Monitor Market breakup from 8 Viewpoints:
1. 1-channel2. 2-channel
3. 3-channel
4. 12-channel
5. others
Components - Global Cardiac Holter Monitor Market breakup from 8 Viewpoints:
1. Wired Holter monitor2. Wireless Holter monitor
3. Holter analysis systems & software
End-Use - Global Cardiac Holter Monitor Market breakup from 8 Viewpoints:
1. Hospitals2. Ambulatory Centers
3. Home Healthcare
4. Others
Country - Global Cardiac Holter Monitor Market breakup from 23 Viewpoints:
1. North America
1.1 United States1.2 Canada
2. Latin America
2.1 Argentina2.2 Brazil
2.3 Mexico
2.4 Colombia
3. Europe
3.1 Germany3.2 United Kingdom
3.3 France
3.4 Italy
3.5 Netherlands
3.6 Spain
4. Asia Pacific
4.1 China4.2 South Korea
4.3 Japan
4.4 India
4.5 Indonesia
4.6 Malaysia
4.7 Australia
5. Middle East & Africa
5.1 Saudi Arabia5.2 UAE
5.3 Israel
5.4 South Africa
Company has been covered from 3 Viewpoints:
- Overview
- Recent Developments
- Revenue
Company Analysis:
1. General Electric2. NIHON KOHDEN
3. Hill-Rom Company, Inc
4. OSI Systems, Inc.
5. Boston Scientific
6. Koninklijke Philips N.V.
7. Medtronic Plc.
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary5. Global Cardiac Holter Monitor Market
4. Market Dynamics
6. Market Share - Global Cardiac Holter Monitor Market
7. Product - Global Cardiac Holter Monitor Market
8. Component - Global Cardiac Holter Monitor Market
9. End Use - Global Cardiac Holter Monitor Market
10. Country - Global Cardiac Holter Monitor Market
11 Porter’s Five Analysis - Global Cardiac Holter Monitor Marke
12 SWOT Analysis - Global Cardiac Holter Monitor Market
13. Company Analysis
List of Figures:
List of Tables:
Companies Mentioned
- General Electric
- NIHON KOHDEN
- Hill-Rom Company, Inc
- OSI Systems, Inc.
- Boston Scientific
- Koninklijke Philips N.V.
- Medtronic Plc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | July 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 457.6 Million |
| Forecasted Market Value ( USD | $ 713.5 Million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
