Holter Monitor Market Size, Share & Trends Analysis Report By Component (Wired, Wireless), By End-use (Hospitals & Clinics, Ambulatory Surgical Centers, Others), By Region, And Segment Forecasts, 2023 - 2030
Holter Monitor Market Growth & Trends
The global holter monitor market size is expected to reach USD 3.05 billion by 2030, growing at a CAGR of 9.7%, according to a new report by Grand View Research, Inc. The market growth is attributed to the increasing geriatric population, increasing prevalence of atrial fibrillation (AFib), and a rising incidence of cardiovascular diseases (CVD). In addition, the market is being driven by continuous technological advancements, increasing investments in early arrhythmia detection, developments in telemetry, and favorable regulatory policies.
According to the American Heart Association, in 2022, 19.1 million deaths were caused by CVD globally. Coronary Heart Disease (CHD) and stroke were the common CVDs affecting the global population. This increased the use of Holter monitors in hospitals & clinics and diagnostic centers. The increasing approvals for Holter monitors dedicated to ECG monitoring applications drive the market growth significantly. In June 2022, Nitto Denko Corporation announced a collaboration with Astellas Pharma Inc. and M. Heart Co., Ltd. to sell disposable EG Holter devices. The data collected by EG Holter will be analyzed by "MYHOLTER II," a holter analyzer software collaboratively developed by Astellas and M. Heart. MYHOLTER II utilizes an AI-based algorithm to analyze Holter ECG data.
Holter Monitor Market Report Highlights
- Based on component type, the wired segment held the largest market share of 63.54% in 2022. The growth is attributed to the increasing demand from hospitals and ambulatory surgical centers, asthe wired connection ensures direct oversight by medical professionals, enabling real-time access to patient information for prompt intervention
- Based on end-use, the hospitals & clinics segment held the largest market share of 50.42% in 2022. The rising geriatric population prone to CVDs is contributing to the growth of the hospitals & clinics segment in the Holter monitor industry
- In 2022, North America dominated the market, accounting for 42.8% of the total revenue share. This growth can be attributed to the increasing prevalence of CVDs and growing product approvals from federal regulatory bodies
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.3.5. Details of Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.5.1. Volume Price Analysis
- 1.5.1.1. Approach 1: Volume Price Analysis
- 1.6. Data Validation & Publishing
- 1.7. Global Market: CAGR Calculation
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Holter Monitor Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Rising CVD Prevalence
- 3.3.1.2. Growing geriatric population
- 3.3.1.3. Technological advancement
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. High cost
- 3.3.2.2. Limited reimbursement policies
- 3.4. Business Environment Analysis
- 3.4.1. SWOT Analysis; By Factor (Political & Legal, Economic and Technological)
- 3.4.2. Porter’s Five Forces Analysis
- 3.4.3. COVID-19 Impact Analysis
- Chapter 4. Holter Monitor Market: Component Business Analysis
- 4.1. Holter Monitor Market: Component Movement & Market Share Analysis, 2022 & 2030
- 4.2. Wired
- 4.2.1. Wired Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3. Wireless
- 4.3.1. Wireless Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Chapter 5. Holter Monitor Market: End-Use Business Analysis
- 5.1. Holter Monitor Market: End-use Movement & Market Share Analysis, 2022 & 2030
- 5.2. Hospitals & Clinics
- 5.2.1. Hospitals & Clinics Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.3. Ambulatory Surgical Centers
- 5.3.1. Ambulatory Surgical Centers Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Others
- 5.4.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- Chapter 6. Holter Monitor Market: Regional Business Analysis
- 6.1. Regional Market Snapshot
- 6.2. Market Share Analysis by Country, 2022
- 6.2.1. North America
- 6.2.2. Europe
- 6.2.3. Asia Pacific
- 6.2.4. Latin America
- 6.2.5. MEA
- 6.3. North America
- 6.3.1. North America Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.3.2.2. Key Country Dynamics
- 6.3.2.3. Competitive Scenario
- 6.3.2.4. Regulatory Framework
- 6.3.3. Canada
- 6.3.3.1. Canada Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.3.3.2. Key Country Dynamics
- 6.3.3.3. Competitive Scenario
- 6.3.3.4. Regulatory Framework
- 6.4. Europe
- 6.4.1. Europe Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.2. Germany
- 6.4.2.1. Germany Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.2.2. Key Country Dynamics
- 6.4.2.3. Competitive Scenario
- 6.4.2.4. Regulatory Framework
- 6.4.3. UK
- 6.4.3.1. UK Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.3.2. Key Country Dynamics
- 6.4.3.3. Competitive Scenario
- 6.4.3.4. Regulatory Framework
- 6.4.4. France
- 6.4.4.1. France Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.4.2. Key Country Dynamics
- 6.4.4.3. Competitive Scenario
- 6.4.4.4. Regulatory Framework
- 6.4.5. Italy
- 6.4.5.1. Italy Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.5.2. Key Country Dynamics
- 6.4.5.3. Competitive Scenario
- 6.4.5.4. Regulatory Framework
- 6.4.6. Spain
- 6.4.6.1. Spain Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.6.2. Key Country Dynamics
- 6.4.6.3. Competitive Scenario
- 6.4.6.4. Regulatory Framework
- 6.4.7. Denmark
- 6.4.7.1. Denmark Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.7.2. Key Country Dynamics
- 6.4.7.3. Competitive Scenario
- 6.4.7.4. Regulatory Framework
- 6.4.8. Sweden
- 6.4.8.1. Sweden Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.8.2. Key Country Dynamics
- 6.4.8.3. Competitive Scenario
- 6.4.8.4. Regulatory Framework
- 6.4.9. Norway
- 6.4.9.1. Norway Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.4.9.2. Key Country Dynamics
- 6.4.9.3. Competitive Scenario
- 6.4.9.4. Regulatory Framework
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.5.2. Japan
- 6.5.2.1. Japan Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.5.2.2. Key Country Dynamics
- 6.5.2.3. Competitive Scenario
- 6.5.2.4. Regulatory Framework
- 6.5.3. China
- 6.5.3.1. China Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.5.3.2. Key Country Dynamics
- 6.5.3.3. Competitive Scenario
- 6.5.3.4. Regulatory Framework
- 6.5.4. India
- 6.5.4.1. India Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.5.4.2. Key Country Dynamics
- 6.5.4.3. Competitive Scenario
- 6.5.4.4. Regulatory Framework
- 6.5.5. South Korea
- 6.5.5.1. South Korea Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.5.5.2. Key Country Dynamics
- 6.5.5.3. Competitive Scenario
- 6.5.5.4. Regulatory Framework
- 6.5.6. Australia
- 6.5.6.1. Australia Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.5.6.2. Key Country Dynamics
- 6.5.6.3. Competitive Scenario
- 6.5.6.4. Regulatory Framework
- 6.5.7. Thailand
- 6.5.7.1. Thailand Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.5.7.2. Key Country Dynamics
- 6.5.7.3. Competitive Scenario
- 6.5.7.4. Regulatory Framework
- 6.6. Latin America
- 6.6.1. Latin America Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.6.2. Brazil
- 6.6.2.1. Brazil Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.6.2.2. Key Country Dynamics
- 6.6.2.3. Competitive Scenario
- 6.6.2.4. Regulatory Framework
- 6.6.3. Mexico
- 6.6.3.1. Mexico Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.6.3.2. Key Country Dynamics
- 6.6.3.3. Competitive Scenario
- 6.6.3.4. Regulatory Framework
- 6.6.4. Argentina
- 6.6.4.1. Argentina Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.6.4.2. Key Country Dynamics
- 6.6.4.3. Competitive Scenario
- 6.6.4.4. Regulatory Framework
- 6.7. MEA
- 6.7.1. MEA Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.7.2. South Africa
- 6.7.2.1. South Africa Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.7.2.2. Key Country Dynamics
- 6.7.2.3. Competitive Scenario
- 6.7.2.4. Regulatory Framework
- 6.7.3. Saudi Arabia
- 6.7.3.1. Saudi Arabia Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.7.3.2. Key Country Dynamics
- 6.7.3.3. Competitive Scenario
- 6.7.3.4. Regulatory Framework
- 6.7.4. UAE
- 6.7.4.1. UAE Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.7.4.2. Key Country Dynamics
- 6.7.4.3. Competitive Scenario
- 6.7.4.4. Regulatory Framework
- 6.7.5. Kuwait
- 6.7.5.1. Kuwait Holter Monitor Market, 2018 - 2030 (USD Billion)
- 6.7.5.2. Key Country Dynamics
- 6.7.5.3. Competitive Scenario
- 6.7.5.4. Regulatory Framework
- Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Strategy Mapping
- 7.3. Company Profiles/Listing
- 7.3.1. Koninklijke Philips N.V.
- 7.3.1.1. Overview
- 7.3.1.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.1.3. Product Benchmarking
- 7.3.1.4. Strategic Initiatives
- 7.3.2. GE HealthCare
- 7.3.2.1. Overview
- 7.3.2.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.2.3. Product Benchmarking
- 7.3.2.4. Strategic Initiatives
- 7.3.3. Hill-Rom Holdings, Inc.
- 7.3.3.1. Overview
- 7.3.3.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.3.3. Product Benchmarking
- 7.3.3.4. Strategic Initiatives
- 7.3.4. Spacelabs Healthcare (OSI Systems, Inc.)
- 7.3.4.1. Overview
- 7.3.4.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.4.3. Product Benchmarking
- 7.3.4.4. Strategic Initiatives
- 7.3.5. SCHILLER AG
- 7.3.5.1. Overview
- 7.3.5.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.5.3. Product Benchmarking
- 7.3.5.4. Strategic Initiatives
- 7.3.6. Bittium
- 7.3.6.1. Overview
- 7.3.6.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.6.3. Product Benchmarking
- 7.3.6.4. Strategic Initiatives
- 7.3.7. Lepu Medical Technology(Beijing)Co.,Ltd.
- 7.3.7.1. Overview
- 7.3.7.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.7.3. Product Benchmarking
- 7.3.7.4. Strategic Initiatives
- 7.3.8. BPL Medical Technologies
- 7.3.8.1. Overview
- 7.3.8.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.8.3. Product Benchmarking
- 7.3.8.4. Strategic Initiatives
- 7.3.9. Biotricity
- 7.3.9.1. Overview
- 7.3.9.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.9.3. Product Benchmarking
- 7.3.9.4. Strategic Initiatives
- 7.3.10. Nitto Denko Corporation
- 7.3.10.1. Overview
- 7.3.10.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.10.3. Product Benchmarking
- 7.3.10.4. Strategic Initiatives
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