Holter ECG Monitoring Market by Component (Wired Holter Monitors, Wireless Holter Monitors, and Holter Analysis Systems & Software), Lead Type (Patch Type Single Lead Holter Monitors, 3 Lead Holter Monitors, 6 Lead Holter Monitors, 12 Lead Holter Monitors, and Others), and End User (Hospitals & Clinics, Home Settings & Ambulatory Surgical Centers (ASCS), and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global Holter ECG monitoring market was valued at $320.81 million in 2020, and is projected to reach $696.67 million by 2030, registering a CAGR of 8.4% from 2021 to 2030.
Holter monitor is device, which facilitates prolonged monitoring of heart rhythm from a few days to several months, enabling the detection of infrequent arrhythmias in patients. In addition, Holter aids in detecting ventricular tachycardia (VT) in patients with recognized risk of sudden cardiac death. Portability of Holter monitors has significantly propelled the market growth, as they can be easily worn by the patients to record heart activity continuously for a certain period of time.
Rise in the geriatric population, increase in prevalence of heart stroke, surge in number of patients suffering from hypertension, and upsurge in prevalence of obesity gave significantly contribute towards the growth of the global Holter ECG monitoring market. In addition, technological advancements and growth in awareness about feasible use of these devices are the key drivers of the market. However, lack of trained professionals, inappropriate healthcare infrastructure, and unsteady reimbursement policies are expected to hamper the market growth. On the contrary, advanced Holter monitors with enhanced sensitive algorithms for automatic detection of arrhythmias are expected to create lucrative opportunities for the market growth in the near future.
The Holter ECG monitoring market is segmented on the basis of component, lead type, end user, and region. On the basis of component, the market is categorized into wired Holter monitors, wireless Holter monitors, and Holter analysis systems & software. On the basis of lead type, it is classified into patch type single lead Holter monitors, 3 lead Holter monitors, 6 lead Holter monitors, 12 lead Holter monitors, and others. On the basis of end user, it is categorized into hospitals & clinics, home settings & ambulatory surgical centers (ASCS), and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the Holter ECG Monitoring market is provided.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By COMPONENT
Wired Holter Monitors
Wireless Holter Monitors
Holter Analysis System & Software
By LEAD TYPE
Patch Type Single Holter Monitors
3 Lead Holter Monitors
6 Lead Holter Monitors
12 Lead Holter Monitors
Others
By END USER
Hospitals & Clinics
Home Settings & Ambulatory Surgical Centers
Others
By REGION
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
BPL Medical Technologies
Fukuda Denshi Co Ltd.
General Electric Company
Hill Rom Holdings, Inc.
Koninklijke Philips N.V.
Medtronic PLC
Mindray Medical International Limited
Nihon Kohden Corporation
OSI Systems, Inc.
Schiller AG
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