The holter monitor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Holter Monitor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The holter monitor market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $1.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to the emergence of remote patient monitoring solutions, increasing adoption in the elderly population, rising healthcare expenditure globally, evolving guidelines favoring continuous cardiac monitoring, and a growing focus on early detection of cardiac abnormalities.
The holter monitor market size is expected to see strong growth in the next few years. It will grow to $1.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to the expansion of telemedicine and remote healthcare, the aging population, increased prevalence of cardiovascular diseases, advancements in data analytics and artificial intelligence, and rising demand for personalized medicine and preventive healthcare. Major trends in the forecast period include increased adoption of wireless and patch-style monitors, growth of ambulatory ECG monitoring services, expansion of home-based cardiac monitoring programs, development of compact and user-friendly devices, and integration of telemedicine platforms for remote cardiac care.
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Scope Of Holter Monitor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Holter Monitor Market Overview
Market Drivers –
The rising incidence of cardiovascular diseases is expected to propel the holter monitor market going forward. Cardiovascular disease refers to conditions that affect the heart or blood vessels, often leading to complications such as heart attacks or strokes. The incidence of cardiovascular disease is due to sedentary lifestyles, unhealthy dietary habits, rising obesity rates, and an aging population. Holter monitors are utilized in cardiovascular diseases for continuous monitoring of heart rhythms, aiding in diagnosing and managing conditions such as arrhythmias and ischemic events. For instance, in May 2023, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the number of people who died from heart disease in the US increased from 690,882 in 2020 to 695,000 in 2021. Therefore, the rising incidence of cardiovascular diseases is driving the growth of the holter monitor market.
Market Trends –
Major companies operating in the holter monitor market are focused on developing products with advanced technology that capture high-quality ECG recording. High-quality ECG (electrocardiogram) recording refers to the process of capturing accurate and reliable electrical signals of the heart, which are essential for diagnosing various cardiac conditions. For instance, in November 2023, Norav Medical, a Germany-based provider of innovative medical devices, launched the NR-314P Holter device. This innovative Holter device offers up to 14 days of continuous ECG recording in a lightweight 41g design. This compact device features 3-lead ECG technology, wireless connectivity, and seamless EHR/HIS systems integration via HL7 and DICOM. It supports uninterrupted daily activities with its rechargeable battery and water-resistant design. The NR-314P enhances patient care with advanced analysis capabilities. Additionally, it promotes user adherence to long-term monitoring with its water-resistant, lightweight design and rechargeable lithium polymer battery for uninterrupted ECG recording during everyday activities.
The holter monitor market covered in this report is segmented –
1) By Product Type: Wired, Wireless
2) By Channel Type: 3 Channel, 12 Channel, Other Channel Types
3) By Monitoring Capacity: Upto 7 Days, Above 7 Days
4) By End User: Hospitals, Specialty Cardiac Centers, Other End Users
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Regional Insights –
North America was the largest region in the holter monitor market in 2023. The regions covered in the holter monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the holter monitor market are Koninklijke Philips N.V., GE HealthCare Technologies, Baxter Laboratories Inc, Lepu Medical Technology(Beijing)Co Ltd, Fukuda Denshi Co Ltd, Bittium Corporation, BTL Corporate, iRhythm Technologies Inc., Schiller AG, Edan Instruments Inc, Contec Medical Systems Co Ltd, BPL Medical Technologies, ScottCare Corporation, EB Neuro S.p.A, Advanced Instruments Inc., Custo Med GmBH, ACS Diagnostics GmbH, Biotricity Inc, Nasiff Associates Inc, Cortrium ApS, Cardioline S.p.A., Labtech Ltd, Aspel SA, Borsam BioMedical Instruments Co. Ltd, AMEDTEC Medizintechnik Aue GmbH
Table of Contents
1. Executive Summary
2. Holter Monitor Market Characteristics
3. Holter Monitor Market Trends And Strategies
4. Holter Monitor Market – Macro Economic Scenario
5. Global Holter Monitor Market Size and Growth
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32. Global Holter Monitor Market Competitive Benchmarking
33. Global Holter Monitor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Holter Monitor Market
35. Holter Monitor Market Future Outlook and Potential Analysis
36. Appendix
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