Global Cardiac Holter Monitor To Generate Market Revenue Of $545.9B By 2028

23-Jun-2022 | Zion Market Research

The global cardiac Holter monitor market achieved revenue growth of about USD 381.6 billion in 2021 and is projected to reach around USD 545.9 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period.

A cardiac Holter monitor is a kind of wearable ambulatory electrocardiogram acting like a heart monitor over a period of 24hrs to 48hrs and detecting any irregular heartbeat or heart palpitations. In case an EKG is unsuccessful in detecting abnormal heartbeat, a cardiac monitor can help diagnose the problem. It has to be worn during the entire day while a wearer goes on with his daily activities. The findings are then discussed with the consulting medical personnel.

Some of the best features of heart monitor machines are: small & pocket-friendly size, battery-operated, and being equipped with electrodes wires that stick to the skin. These monitors are not painful to wear and are to be worn when the EKG tests are inconclusive which means that the test could not provide concrete results.

The global cardiac Holter monitor market is expected to grow owing to its application in detecting heart-related issues like unexplained dizziness, heart palpitations, and arrhythmia. It can also be used to determine the heart’s oxygen level, and if devices like pacemakers or heart medications are not functioning as per expectations.

Covid-19 had a positive impact on the global market because of the increased heart-related concerns induced due to Covid-19. Since the majority of the population was maintaining social distance and avoiding hospital visits, the demand for cardiac Holter monitors increased in 2020 and 2021.

There has been a significant rise in the number of AFib (Atrial Fibrillation) patients which is a common form of arrhythmia. As per multiple reports, around 13m of the world population is expected to suffer from the disorder by 2030. The disease is fatal in many cases and women are more prone to the disorder. The rising number of AFib cases along with other heart-related disorders like syncope, SVT (Supraventricular Tachycardia), and post-ablation follow up are expected to aid the global cardiac Holter monitor market growth. The expansion is also related to the failure of standard ECG tests in providing accurate information thus changing end-users' preference toward mobile heart monitoring systems. Few other contributing factors to the global market expansion are the rising geriatric population, high obesity index amongst consumer groups, and growing awareness about precautionary measures against future heart diseases.

Recent stringent regulations may halt the global market growth over the forecast period. The increasing investments in wireless Holter monitors are expected to offer better growth opportunities whereas low awareness about the advantage of a cardiac Holter monitor in developing countries poses a major challenge for the global market expansion.

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.

North America is expected to dominate the global cardiac Holter monitor market owing to the rising prevalence of AFib in the regional population. As per the 2019 CDC report, around 27,000 of the total deaths in the USA resulted from AFib. The regional growth is also attributed to advanced healthcare infrastructure with excellent medical reimbursement policies along with the presence of key market players in countries like the USA and Canada.

As per studies, people with European genetics are more prone to diseases like arrhythmia which causes the patients to be extremely careful of their heart rates. This is one of the major reasons for the regional growth in the global cardiac Holter monitor market.

Asia-Pacific is expected to register the highest CAGR during the forecast period because of the growing population in general, an increasing number of heart-related patients as well as the presence of domestic manufacturers offering quality products at reasonable prices.

Major players operating in the global cardiac Holter monitor market include 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.

Recent Developments

  • November 2021, Philips, a leading company in health technology, revealed the acquisition of Cardiologs, a medical technology business based in France that focuses on leveraging cloud technologies and artificial intelligence to transform cardiac diagnostics.

Browse the full Cardiac Holter Monitor Market By Type (1-Channel, 2-Channel, 3-Channel, 12-Channel, And Others), By Component (Holter Monitoring Devices, Holter Analysis System & Software, And Event Monitoring Devices), By End-Use (Hospitals & Clinics, Ambulatory Surgical Centers (ASCs), Homecare, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/cardiac-holter-monitor-market

Global cardiac Holter monitor market is segmented as follows:

By Type

  • 1-channel
  • 2-channel
  • 3-channel
  • 12-channel
  • others

By Component

  • Holter Monitoring Devices
  • Holter Analysis System and Software
  • Event Monitoring Devices

By End User

  • Hospitals and Clinics
  • Ambulatory Surgical Centers (ASCs)
  • Homecare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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