Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 484.64 Million | USD 745.41 Million | 4.9% | 2024 |
The global cardiac Holter monitor market achieved revenue growth of about USD 484.64 Million in 2024 and is projected to reach around USD 745.41 Million by 2034, with a compound annual growth rate (CAGR) of roughly 4.9% between 2025 and 2034. The report evaluates significant parameters of the cardiac Holter monitor market such as drivers, restraints/challenges, and the effect they have on the Holter monitoring devices during the forecasted period. In addition, the report explores emerging opportunities in the cardiac Holter monitor market.
A Holter monitor is a tiny, wearable device that measures the beat of the heart. It's used to find out if a person is in danger of having an irregular heartbeat (arrhythmias). If a standard electrocardiogram (ECG or EKG) does not offer adequate information regarding the heart's state, a Holter monitor test may be performed. If the irregular heartbeats are intermittent, an event recorder, and a longer-term monitor, may be required. Cardiac Holter tracking is non-invasive and easy to perform test. Also, it is painless. This device along with the sensors and cables can be hidden underneath clothes.
Demand for cardiac Holter monitors remained constant during the pandemic period. An increase in cardiac arrest associated with COVID-19 infection increased its demand. Further, an increase in telehealth and reduced hospital stay promoted the use of Holter monitors for cardiac health. During the projected period of the study, it is estimated that the demand for cardiac Holter monitors will remain high. This is due to changes in lifestyle, an increase in chronic diseases, and a growing preference for remote health monitoring devices.
A shift in lifestyle and an increase in chronic diseases may boost market growth.
Globally, a rise in the occurrence of heart blockages and arrests has been seen as a result of rapid urbanization, stressful work schedules, and increased intake of fast food. This has boosted demand for technologically improved gadgets that aid in the correct diagnosis of health concerns. Furthermore, governments in a number of nations are sponsoring efforts to raise public knowledge of various cardiovascular illnesses, their prevention, and treatment. Furthermore, a substantial movement among individuals toward minimally invasive diagnostic devices and preventative healthcare technologies is bolstering the global cardiac Holter monitor market growth. Manufacturers are responding by creating new and compact goods that provide more convenience.
Stringent regulation may halt the market growth over the forecast period.
Holter monitoring devices are subject to strict regulatory criteria, and insurance coverage policies for the devices are lacking in numerous countries, which is projected to stymie market expansion. The typical compensation for a Holter monitoring study is expected to be less than USD 100, which is significantly less than the remuneration for mobile cardiac telemetry. Furthermore, in emerging nations, the lack of knowledge necessary for data processing is impeding the growth of the Holter monitoring systems market.
Increasing investments in wireless Holter monitors are expected to offer better growth opportunities to the market.
Owing to the increase in popularity of wireless devices many market players have increased their investments in developing wireless cardiac Holter monitors. Wireless Holter monitor offers ease of operation and accuracy; also many vendors are expanding their reach to boost the market growth. Furthermore, the growing emphasis on developing expertise in the use of Holter monitoring systems is likely to provide attractive growth prospects for market participants. For example, NorthEast Monitoring, Inc., a firm located in the United States, provides Holter technology training as part of its ambulatory cardiac software and hardware solutions.
Low awareness about the advantage of a cardiac Holter monitor in developing countries poses a major challenge for the expansion of the market.
The global cardiac Holter monitor market is expected to be hampered due to low awareness about the benefits of Holter monitoring devices. This is mainly due to more emphasis on traditional methods of cardiac monitoring systems, the low spending power of the patient, and the limited presence of vendors. Furthermore, a dearth of knowledge about the use of cardia Holter monitoring devices also contributes to the slow growth of the market.
The global cardiac Holter monitor market is categorized into type, component, end-user, and region. Based on type, the cardiac Holter monitor market is categorized into 1-channel, 2-channel, 3-channel, 12-channel, and others. The component segment of the market is bifurcated into Holter monitoring devices, Holter analysis systems & software, and event monitoring devices. The end-use segment comprised hospitals & clinics, ambulatory surgical centers (ASCs), homecare, and others.
Report Attributes | Report Details |
---|---|
Report Name | Cardiac Holter Monitor Market |
Market Size in 2024 | USD 484.64 Million |
Market Forecast in 2034 | USD 745.41 Million |
Growth Rate | CAGR of 4.9% |
Number of Pages | 110 |
Key Companies Covered | GE Healthcare, Koninklijke Philips N.V., FUKUDA DENSHI, Spacelabs Healthcare, Nasiff Associates Inc., Welch Allyn, Schiller, Biomedical Instruments Co., Ltd., BTL, LifeWatch AG, and The ScottCare Corporation., and others. |
Segments Covered | By Type, By Component, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Recent Developments
North America to dominate the global market over the forecast period.
North America accounted for the biggest share in the global cardiac Holter monitor market in 2021, holding nearly 35 percent of the share in the global market. This is primarily due to rising patient desire for less invasive diagnostic techniques and greater government support for cardiovascular problem treatments. North America is likely to maintain its dominance in the cardiac Holter monitor market, owing to investments made by major companies in the medical device sector and a steady increase in the incidence of cardiovascular illnesses in the region. During the projected period of the study, Asia Pacific is expected to be the fastest expanding segment, with the highest CAGR. The rapid expansion of the market in Asia Pacific during the projected period is due to a higher incidence of cardiac arrhythmia and atrial fibrillation, as well as several WHO programs for the control of cardiovascular illnesses.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cardiac holter monitor market on a global and regional basis.
Major players operating in the global cardiac Holter monitor market include-
Global cardiac Holter monitor market is segmented as follows:
FrequentlyAsked Questions
The global cardiac holter monitor market is expected to grow due to rising cardiovascular diseases, increasing demand for continuous heart monitoring, and technological advancements in wearable health devices.
According to a study, the global cardiac holter monitor market size was worth around USD 484.64 Million in 2024 and is expected to reach USD 745.41 Million by 2034.
The global cardiac holter monitor market is expected to grow at a CAGR of 4.9% during the forecast period.
North America is expected to dominate the cardiac holter monitor market over the forecast period.
The report explores crucial aspects of the cardiac holter monitor market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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