- Single Channel,
- Double Channel,
- Multi-Channel
Cardiac Holter Monitor Market size was valued at USD 353.8 million in 2022 and is anticipated to grow to USD 506.4 million by 2029 recording a CAGR of 6.3% from 2023-2029. Cardiac Holter Monitor Market is an ambulatory medical device for cardiac monitoring for at least 24 to 48 hours. The Holter monitor system is a battery-powered device comprises of recorder for recording the cardiac rhythm and software for the interpretation of recorded data. Cardiac holter monitoring devices are used to analyze and diagnose the atrial fibrillation, cardiac arrhythmia, and bradycardia. It includes software that analyses the collected data and, as a result, aids the doctor in assessing whether the heart is getting enough oxygen and detecting diseases such as arrhythmia, tachycardia, and atrial fibrillation. These features of Holter monitors, combined with an increase in the number of people suffering from heart problems, are driving up demand for them around the world. Globally, a rise in the occurrence of heart blockages and arrests has been observed as a result of rapid urbanisation, 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.
Cardiac Holter Monitor Market Key Development:
In July 2017, BioTelemetry, Inc. acquired LifeWatch AG for strengthening its cardiac holter monitoring device portfolio
Cardiac Holter Monitor Market Summary
Study Period
2023-29
Base Year
2022
CAGR
6.3%
Largest Market
North America
Fastest Growing Market
Europe
Cardiac Holter Monitor Market Dynamics
Increase in the prevalence of cardiac disorders due to change in lifestyle is a key factor drives the global cardiac holter monitoring market. Moreover, government initiations to rise in awareness about the cardiovascular disorders among the people, grow in R&D activities for the development of advanced diagnostic devices, rise in demand for non-invasive diagnostic technique, increase in health awareness among the people, well-established healthcare infrastructure in developed and developing countries, and increase in healthcare expenditure are surge the global cardiac holter monitor market over the forecast years. However, unfavorable reimbursement policies for diagnosis, lack of skilled professionals, high cost of devices, and presence of alternate devices for cardiac monitoring are hamper the growth of global cardiac holter monitoring market.
North-America Got Significant Share
Cardiac Holter Monitor Market Regional Analysis
Geographically, global cardiac holter monitor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America cardiac holter monitor market is poised to grow due to rise in prevalence of cardiac disorders in U.S. and Canada, rise in government funding for the cardiovascular treatments, and innovation of technologically advanced devices by the market players are bolster the market. Europe cardiac holter monitor market is driving by rise in adoption of newer cardiac holter monitor devices in developed countries, rise in prevalence of cardiac disorders due to change in lifestyle coupled with grow in health awareness among the people, and rise in disposable income are surge the market. Asia Pacific cardiac holter monitor market has prominent share attributed to increase in the medical tourism in Asia Pacific countries, rise in aging population in India, China, and Japan, and increase in incidence of cardiac arrhythmia and atrial fibrillation are fuel the market.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Cardiac Holter Monitor Market Segmentation
By Type
By End User
- Hospitals,
- Clinics,
- Ambulatory Surgical Centers (ASCs),
- Diagnostic Centers,
- Others
Frequently Asked Questions
The cardiac holter monitor market size was valued at USD 353.8 million in 2022
The cardiac holter monitor market key players are: GE Healthcare (US) Koninklijke Philips N.V. (Netherlands) LifeWatch AG (Bio Telemetry, Inc.) (Switzerland) Biomedical Instruments Co.,Ltd. (China) Welch Allyn, Inc. (U.S.) Nasiff Associates, Inc. (U.S.) Spacelabs Healthcare (U.S.) The ScottCare Corporation (U.S.) Schiller AG (Switzerland) Fukuda Denshi Co. Ltd. (Japan)
The cardiac holter monitor market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
- GE Healthcare (US)
- Koninklijke Philips N.V. (Netherlands)
- LifeWatch AG (Bio Telemetry, Inc.) (Switzerland)
- Biomedical Instruments Co.,Ltd. (China)
- Welch Allyn, Inc. (U.S.)
- Nasiff Associates, Inc. (U.S.)
- Spacelabs Healthcare (U.S.)
- The ScottCare Corporation (U.S.)
- Schiller AG (Switzerland)
- Fukuda Denshi Co. Ltd. (Japan)