Cardiac Holter Monitor Market, Size, Global Forecast 2023-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Cardiac Holter Monitor Market, Size, Global Forecast 2023-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Global Cardiac Holter Monitor Market is projected to reach US$ 713.5 Million in 2030, according to Renub Research. The Cardiac Holter monitor industry has transformed from bulky devices to sleek and intelligent wearables, harnessing advanced technology for accurate long-term heart monitoring and empowering individuals to take charge of their cardiovascular health. A cardiac Holter monitor is a portable device that records the heart's electrical activity for 24-48 hours to detect irregular heartbeats. It is used when a traditional ECG is insufficient, providing detailed information for diagnosing arrhythmias and assessing their severity and impact on daily life. The monitor, worn as a chest belt with electrodes, captures the heart's electrical activity, storing the data for later review. The Holter monitor is non-invasive, safe, and cost-effective compared to other heart tests, making it a convenient option for diagnosing and tracking heart conditions during various activities, including exercise. It offers valuable insights into heart health with convenience, safety, and affordability.

Global Cardiac Holter monitor Market is foreseen to experience a CAGR of 5.71% from 2023 to 2030

The increasing prevalence of cardiovascular diseases, such as heart disease and arrhythmias, has led to a higher demand for cardiac Holter monitors. According to the World Health Organization, there were an estimated 273.6 million people living with cardiovascular diseases in 2022. Technological advancements, including wireless connectivity and enhanced data analysis capabilities, have improved the convenience and accuracy of Holter monitors, driving their adoption. The growing aging populations, emphasis on preventive healthcare, increased healthcare expenditure, and integration with other healthcare systems have also contributed to the market's growth by improving patient outcomes and enabling remote monitoring.

The rising prevalence of atrial fibrillation (AF) and the increasing risk factors such as obesity and diabetes are driving the growth of AF cases. This is further supported by the increasing adoption of remote patient monitoring (RPM), which reduces the need for hospital visits for Holter monitor testing. The availability of Holter monitors directly to consumers eliminates the requirement for hospital visits. Wireless Holter monitors offer convenience and freedom of movement, while the development of AI-integrated Holter monitors enables the automatic detection of heart problems, contributing to the growth and advancements in the global cardiac Holter monitor market.

Dominance of 1-channel cardiac Holter monitors is driven by their affordability, simplicity, and accuracy

By product, the global cardiac Holter monitor market is fragmented into 1-channel, 2-channel, 3-channel, 12-channel, and others. 1-channel cardiac Holter monitors are preferred by patients with limited financial resources and those who are not technologically inclined. Despite limitations like recording only one channel of heart activity and potential lower sensitivity to arrhythmias compared to multi-channel monitors, their advantages of cost-effectiveness, ease of use, and accuracy make them a favorable choice for most patients in monitoring heart activity.

Wireless Holter monitors are gaining popularity in the cardiac monitor market due to their convenience, accuracy, and data transmission capabilities

By component, the global cardiac Holter monitor market is divided into Wired Holter monitor, Wireless Holter monitor, and Holter analysis systems & software. Wireless Holter monitors allow patients to move freely without wires, making them suitable for active individuals. They provide the same level of accuracy as traditional monitors and can transmit data wirelessly to healthcare facilities, eliminating the need for patients to return the monitor. Despite being more expensive, the convenience and accuracy they offer justify their growing popularity in the global cardiac Holter monitor market.

Hospitals dominate the global cardiac Holter monitor market due to their infrastructure, reimbursement support, and large patient pool

By End-Use, the global cardiac Holter monitor market is categorized into Hospitals, Ambulatory Centers, Home Healthcare, and Others. Hospitals possess the necessary infrastructure, including trained staff, equipment, and facilities, to effectively conduct and analyze Holter monitor tests. They also benefit from reimbursement support provided by insurance companies, making it financially viable for them to offer such testing compared to other healthcare providers. Furthermore, hospitals have access to a substantial patient pool, increasing the potential number of individuals who can benefit from Holter monitor testing.

United States has a significant demand for Holter monitors driven by a large population affected by heart disease

By country, the global cardiac Holter monitor market is broken up into United States, Canada, Germany, United Kingdom, France, Italy, Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, South Africa, Israel, Australia, and UAE. With approximately 121.5 million adults (46.6% of the adult population) having cardiovascular disease (CVD) in 2022, there is a substantial market for Holter monitors in the United States. The country high healthcare spending enables substantial investment in advanced technologies, including Holter monitors. The presence of leading technology companies such as Medtronic, GE Healthcare, and Philips Healthcare further contributes to the development and innovation of Holter monitor technologies. Moreover, the strong regulatory environment ensures the safety and effectiveness of Holter monitors, solidifying the United States position as a prominent player in the global cardiac Holter monitor market.

The growth of China cardiac Holter monitor market can be attributed to the rising prevalence of heart disease, driven by an aging population, increasing obesity rates, and high levels of air pollution. Healthcare professionals and patients are also recognizing the significance of cardiac monitoring for early detection and diagnosis, increasing the demand for Holter monitors. Advanced technologies like wireless and AI-integrated Holter monitors are enhancing convenience and accuracy, further fueling market growth in China.

Competitive Landscape

Key companies present in the global cardiac Holter monitor market are General Electric, NIHON KOHDEN, Hill-Rom Company, Inc, OSI Systems, Inc., Boston Scientific, Koninklijke Philips N.V., and Medtronic Plc.

In November 2022, DMS-Service developed a patch designed for continuous ECG data recording, specifically for monitoring cardiac health in adults, newborns, and children.

Renub Research report titled “Global Cardiac Holter Monitor Market by Products (1-channel, 2-channel, 3-channel, 12-channel, and others), Components (Wired Holter monitor, Wireless Holter monitor, and Holter analysis systems & software), End-Use (Hospitals, Ambulatory Centers, Home Healthcare, and Others), Countries (United States, Canada, Argentina, Brazil, Mexico, Colombia, Germany, United Kingdom, France, Italy, Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Australia, Saudi Arabia, UAE, Israel and South Africa), Company Analysis (General Electric, NIHON KOHDEN, Hill-Rom Company, Inc, OSI Systems, Inc., Boston Scientific, Koninklijke Philips N.V., and Medtronic Plc.)"" provides complete study of Global Cardiac Holter Monitor Market.

Products – Global Cardiac Holter Monitor Market breakup from 8 Viewpoints:

1. 1-channel
2. 2-channel
3. 3-channel
4. 12-channel
5. others

Components – Global Cardiac Holter Monitor Market breakup from 8 Viewpoints:

1. Wired Holter monitor
2. Wireless Holter monitor
3. Holter analysis systems & software

End-Use – Global Cardiac Holter Monitor Market breakup from 8 Viewpoints:

1. Hospitals
2. Ambulatory Centers
3. Home Healthcare
4. Others

Country – Global Cardiac Holter Monitor Market breakup from 23 Viewpoints:

1. North America

1.1 United States
1.2 Canada

2. Latin America

2.1 Argentina
2.2 Brazil
2.3 Mexico
2.4 Colombia

3. Europe

3.1 Germany
3.2 United Kingdom
3.3 France
3.4 Italy
3.5 Netherlands
3.6 Spain

4. Asia Pacific

4.1 China
4.2 South Korea
4.3 Japan
4.4 India
4.5 Indonesia
4.6 Malaysia
4.7 Australia

5. Middle East & Africa

5.1 Saudi Arabia
5.2 UAE
5.3 Israel
5.4 South Africa

Company has been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue

Company Analysis:

1. General Electric
2. NIHON KOHDEN
3. Hill-Rom Company, Inc
4. OSI Systems, Inc.
5. Boston Scientific
6. Koninklijke Philips N.V.
7. Medtronic Plc.