Is Wireless Devices Gaining High Traction in the Global Holter Monitor Market?

01 September 2021

The Healthcare industry is developing in terms of technology at a fast pace. Most of the companies are coming with new technologies in the market and making these devices popular among the end-users. The global Holter monitors market is one of the fastest growing segments in the ambulatory cardiac monitoring devices segment. End-users are understanding the clinical importance and cost-effectiveness of Holter monitors over existing conventional ECG devices in detecting cardiac arrhythmia this in turn, is boosting the growth of the global Holter monitors market. The rise in the growth of the global Holter monitor market is owing to the increasing prevalence of arrhythmia and associated cardiac and vascular diseases. The Holter ECG technology is highly innovative and is expected to influence the existing treatment modalities of AF to a great extent. Holter monitoring devices help in minimizing the occurrence of strokes, CVDs, and other adverse events. APAC region in the global Holter monitor market is expected to grow at the highest CAGR of over 9%. Increasing adoption of ambulatory heart monitoring devices with widely available clinical data is expected to drive the market growth of the global Holter monitor market.

One of the top players BioTelemetry introduced ePatch Extended Holter Monitor that can offer up to 14 days of continuous extended monitoring and store heartbeats that are analyzed by certified cardiac technicians. Similarly, iRhythm Technologies introduced Zio XT patch-based Holter monitors. Zio XT provides a proven higher diagnostic yield over traditional Holter and enables HCPs to provide the best clinical service for arrhythmia patients. The growing unmet needs of ambulatory ECG monitors are likely to contribute to the growth of the global Holter monitors market in the future.

Read: Holter Monitor Market Global Outlook and Forecast 2020-2025

Few Insights about Global Holter Monitor Market

  • Several research studies suggest Holter monitors offer better chances of the detection of AF after stroke with prolonged monitoring sessions than standard monitoring devices for 24 to 48 hours.
  • The key advantage of wearing Holter monitors is that patients can continue performing daily activities while the heart is being monitored.
  • Koninklijke Philips increased strategic mergers and acquisitions and collaboration opportunities help the company to gain significant market share through inorganic growth in the digital radiography space.

Adoption of Wireless Technology in the Global Holter Monitors Market

In recent years, wireless technologies are gaining high traction in the global market. The demand for wireless devices is high compared to other devices, most of the companies are developing wireless products to expand their footprint in the market. Wireless Holter monitors offer noticeable and measurable benefits for both patients and HCPs. Holter monitors are increasingly used for diagnosing arrhythmias in outpatient settings where continuous ECG monitoring is necessary. Continuous innovations in wireless Holter monitors are expected to accelerate the demand in the near future.

Zio XT patch-based wireless Holter monitors by iRhythm Technologies is a convenient option for diagnosing arrhythmias compared to bulky wired Holter monitors, potentially paving a new way for ambulatory heart monitoring. The custom guard enables energy-saving wireless transmission of the ECG signal to a custom watch to view readings with up to 72 hours of recording time. Thereby, the availability of such innovative devices and the increasing focus of players on embracing new technologies are likely to propel the future growth of the global Holter monitor market.

Strategies Adopted by the Players in the Global Holter Monitor Market

The global Holter monitor market key players are dominating with substantially greater financial, manufacturing, marketing, and technical resources, thus enabling well-established brands to have widespread distribution channels, broader product offerings, and an established customer base. Emerging companies are aiming to expand their presence, enhance product portfolio, and improve expertise in the global as well as regional market. Major vendors in the global Holter monitors market accounted for around 38% share of the overall market in 2019. Also, in the same year, Tier II/III vendors contributed around 62% of the total market share by offering innovative product lines for Holter monitors. Although the market is dominated by major players, other players are also focusing on the continuous development of Holter monitors with advanced features. The market offers tremendous growth opportunities to both prominent and emerging players due to the increased in patient population with arrhythmia and associated risks.

Read: Blood Glucose Monitoring Devices Market Global Outlook and Forecast 2021-2026

FAQs about the Global Holter Monitor Market:

Q. What is the market size of the global Holter monitor devices?

A. The global Holter monitor market size to be valued at around USD 775 million by 2025.

Q. What is the market growth of global Holter monitor devices?

A. The global Holter monitor market is projected to grow at a CAGR of over 8% during the forecast period.

Q. What is the market segmentation of the global Holter monitor devices?

A.The global Holter monitor market is segmented by channels, monitoring capacity, end-user, and geography.

Q. What is the market insight of the global Holter monitor devices?

A. The 3-channel segment is likely to observe an incremental growth of close to USD 150 million by 2025 due to the commercial availability of a wide range of Holter monitors.

Q. What are the major regions in the global Holter monitor devices?

A. The leading regions in the global Holter monitor market include North America, Europe, APAC, Latin America, and Middle East and Africa.

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