THE GLOBAL HOLTER MONITOR MARKET IS EXPECTED TO REACH USD 1.20 BILLION BY 2029 FROM USD 742.61 MILLION IN 2023, GROWING AT A CAGR OF 8.45% DURING THE FORECAST PERIOD.

The Holter Monitor Market Size, Share, & Trends Analysis Report by

  • Channel Type: 3 Channel, 12 Channel, and Others
  • Monitoring Capacity: Up to 7 days and Above 7 days
  • End-user Type: Hospitals, Specialty Cardiac Centers, and Others
  • Product Type: Wired Holter Monitors and Wireless Holter Monitors
  • Geography:North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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129 Pages

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00 Tables

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32 Charts

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5 Regions

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16 Countries

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59 Companies

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5 Market Segment

HOLTER MONITOR MARKET REPORT SCOPE

Report Attribute Details
Market Size (2029) USD 1.20 Billion
Market Size (2023) USD 742.61 Million
CAGR (2023-2029) 8.45%
Base Year 2023
Historic Year 2019-2022
Forecast Year 2024-2029
Market Segments Channel Type, Monitoring Capacity, End-user Type, Product Type, and Geography
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
Key Vendors Koninklijke Philips N.V., GE Healthcare, iRhythm Technologies, Hill-Rom Holdings Inc (Baxter), Nihon Kohden Corp, and Fukuda Denshi Co Ltd

MARKET INSIGHTS

The global Holter monitor market was valued at USD 742.61 million in 2023 and is expected to reach USD 1.20 billion by 2029, growing at a CAGR of 8.45% during the forecast period. The increase in market growth is mainly due to the rising prevalence of arrhythmia and associated cardiac and vascular diseases. Such diseases are primarily caused by various factors such as age, obesity, inactivity, and high blood pressure. Moreover, the demand for Holter monitors is increasing due to the growing prevalence of atrial fibrillation (AF) and associated risk of stroke and CVDs, increasing awareness in patients regarding continuous ECG recording, and the increasing availability of several effective ambulatory monitoring devices.

MARKET TRENDS & DRIVERS

Increasing Popularity for Extended Holter Monitoring
Technological advancements in the Holter monitor market have enabled Holter monitors to have extended recording time from 30 days up to a few months with devices that are very light and attachable to the skin through adhesive, wireless electrodes. New Holter monitors give patients more freedom to go about their daily activities. They are also capable of transmitting data through digital platforms such as mobile apps in the form of electronic records to HCPs.

Increasing Adoption of Ambulatory Heart Monitoring Devices
Ambulatory ECG monitoring is the most widely used technology for evaluating patients with cardiac arrhythmia or conduction abnormality symptoms. Multi-lead Holter monitoring devices represent the clinical standard of care for detecting and diagnosing cardiac arrhythmias by capturing continuous ECG waveforms and heart rate-related information. Wearable ambulatory monitoring devices, including holter monitors, are mainly embedded with electrocardiogram sensors for monitoring irregular heartbeats.

Emergence of Latest Generation Holter Monitors
Latest generation holter monitors have small, adhesive patches that stick directly on patients' chests and allow them to perform daily activities such as walking or taking a shower without the belt-mounted monitor or wires coming in the way. Unlike traditional ones, these new devices offer long-term monitoring of more than seven days, offer comfort and flexibility to the wearer, and are gaining traction in the Holter monitor market.

SEGMENTATION INSIGHTS

INSIGHTS BY CHANNEL TYPE
The Holter monitor with a 3-channel type segment accounted for the highest share of the Holter monitor market. In 3-channel devices, ECG signals selected by the microprocessor are amplified, filtered, and sent to a 3-channel multiplexer. The multiplexed analog signals are sent to an analog-to-digital converter, which is then stored and sent to a digital-to-analog converter for reconstructing the analog signals. These signals are de-multiplexed and sent to the chart recorder or video display to display the recorded data. Multiple tracings with 3-channel devices could eliminate the need for electrostatic copying, which is often costly and time-consuming. Therefore, using three-channel Holter monitors has become crucial in improving the efficiency of operations in medical settings. This, in turn, drives the growth of the 3-channel Holter monitors segment in the global Holter devices market. Further, the commercial availability of a wide range of Holter monitors with 3 channels is another major factor propelling the segment's growth.

INSIGHTS BY MONITORING CAPACITY
The up to 7 days monitoring capacity segment accounted for the highest share of the global market. The segment accounted for the maximum market share due to its accurate and effective clinical results for diagnosing arrhythmia and associated disorders. Furthermore, the majority of commercially available Holter monitors have the capacity to monitor for up to 7 days. Holter monitors with seven days of continuous recording capacity are clinically proven to be suitable for reducing the risk of AF among stroke survivors.

INSIGHTS BY END-USER TYPE
The global Holter monitor market under the end-user includes segment hospitals, specialty cardiac centers, and others. Healthcare professionals in hospitals use Holter monitors for monitoring symptoms associated with arrhythmia. Most patients with a high risk of heart disease prefer visiting hospitals for diagnosis and treatment due to the advanced infrastructure available in major private and public hospitals. As hospitals are witnessing a higher influx of patients with heart diseases, the volume of heart disease management procedures with Holter monitors is increasing in hospital settings. Moreover, the increase in the elderly population and patients with AF is the major factor driving the market growth of the hospital segment.

INSIGHTS BY PRODUCT TYPE
The Wired Holter monitor product type segment accounted for the highest global Holter monitor market share in 2023 and is projected to grow at a CAGR of over 8% during the forecast period. The dominance is due to technological advancements in Holter monitoring and adopting Holter analysis software and systems (with integrated software solutions), enabling patients or physicians to upload ECG data through home computers or local clinics. The new generations of Holter ECG devices allow the direct transmission of remote cardiac monitoring data. Further, the wireless Holter monitors segment to observe the highest growth rate during the forecast period. The high growth rate is because they are comfortable to wear, are generally user-friendly, and do not need medical expertise.

GEOGRAPHICAL ANALYSIS

North America dominated the global Holter monitor market share, accounting for over 39% in 2023. The growth in the region is mainly attributed to the increasing incidence of AF and CVDs such as CAD, a surge in diagnosis procedures for treating such diseases, availability of advanced healthcare infrastructure, constant technological innovations, and growing acceptance of technologically advanced ECG devices. Further, the U.S. is the major revenue contributor to the North American Holter monitors market. The market in the U.S. is expected to grow during the forecast period due to the launch and increasing demand for advanced devices, especially the latest generation Holter monitors with patch-based and wireless technology.

Europe held a significant share of the global Holter monitor market and is growing at a healthy rate and is expected to grow at a similar pace during the forecast period. Factors such as the rise in the prevalence of cardiac diseases and the growing elderly patient population drive the market and helped Europe emerge as one of the largest Holter monitor markets and solutions regions. Increasing awareness of the efficiency of ambulatory ECG devices in treating AF and CVDs, coupled with improved healthcare infrastructure, favorable guidelines, and availability of technologically advanced Holter monitors, are driving the market growth in the region.

VENDOR LANDSCAPE

The global Holter monitor market is highly competitive. With growing technological innovations, various small and mid-sized companies are entering the industry to expand their presence in this growing market. Combined with this, the emphasis on developing and discovering new products has helped garner a high customer base for the key players. Koninklijke Philips N.V., GE Healthcare, iRhythm Technologies, Hill-Rom Holdings Inc (Baxter),  Nihon Kohden Corp, and Fukuda Denshi Co Ltd are the key players in the global Holter monitor market. Major players focus on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the global holter monitoring market and access commercially launched products. For instance, in 2019, Preventice Solutions developed a partnership with Bittium. Bittium provides high-end Faros ECG technology, and Preventice Solutions is the US's exclusive sales and marketing distributor for Bittium's ECG device technology.

Frequently Asked Questions

How big is the global Holter monitor market?

The global Holter monitor market size was valued at USD 742.61 million in 2023 and is expected to reach USD 1.20 billion by 2029.

What is the projected growth rate of the global Holter monitor market?

The global holter monitor market is projected to grow at a CAGR of 8.45% during the forecast period.

What are the rising trends in the holter monitor market?

The rising trends in the holter monitor market are embracing wireless technology for holter monitors, the emergence of the latest generation holter monitors, and increasing popularity for extended Holter monitoring.

Which region holds the most significant global Holter monitor market share?

North America dominated the global Holter monitor market share, accounting for over 39% in 2023.

Who are the key players in the global Holter monitor market?

Koninklijke Philips N.V., GE Healthcare, iRhythm Technologies, Hill-Rom Holdings Inc (Baxter), Nihon Kohden Corp, and Fukuda Denshi Co Ltd are the key players in the global Holter monitor market.

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The global Holter monitor market size is expected to grow at a CAGR of approximately 8.45% from 2023 to 2029.

The following factors are likely to contribute to the growth of the global Holter monitor market during the forecast period:

  • Increasing Prevalence of Cardiac Disorders
  • Increasing Adoption of Ambulatory Heart Monitoring Devices
  • Growing Focus of Vendors on Inorganic Growth Strategies

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global Holter monitor market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  • Koninklijke Philips N.V.
    • Business Overview
    • Product Offerings
  • GE Healthcare
  • iRhythm Technologies
  • Hill-Rom Holdings Inc (Baxter)
  • Nihon Kohden Corp
  • Fukuda Denshi Co Ltd

Other Prominent Vendors

  • ACS Diagnostics
    • Business Overview
    • Product Offerings
  • Advanced Instrumentations
  • AMEDTEC Medizintechnic Aue
  • Aspel SA
  • Hangzhou Beneware Medical Equipment
  • BioMedical Instruments
  • Biotricity
  • Bittium
  • BPL Medical Technologies
  • Borsam BioMedical Instruments
  • BTL Corporate
  • Contec Medical Systems
  • Diagnostic Devices Development
  • Cortrium ApS
  • Custo Med GmBH
  • DMS Services
  • EB-Neuro
  • EDAN Instruments Inc
  • Forest Medical LLC
  • Labtech Ltd
  • LEPU Medicals
  • LUMED srl
  • Medical ECONET
  • Medicomp Inc
  • Meditech KFT
  • Meditech Equipment
  • Midmark
  • Monitor
  • Nasan Medical Electronics
  • Nasiff Associates
  • NeuroSoft
  • Norav Medical
  • NorthEast Monitor
  • Preventice Solutions
  • Recorders & Medicare Systems
  • SCOTTCARE Cardiovascular Solutions
  • Schiller
  • Shenzhen Biocare Bio-Medical Equipment
  • SPACELABS Healthcare
  • Suzuken Company
  • Trimpeks
  • Trismed
  • Medtronic Plc
  • Braun and Company
  • Livetec Ingenieurbüro GmbH
  • DIMETEK
  • CardioSecur
  • ECGMAC
  • Seiva s.r.o.
  • TZ Medical
  • VasoMedical, Inc.
  • Medset Medizintechnik GmbH
  • Purple MicroPort

Segmentation by Channel Type

  • 3 Channe
  • 12 Channel
  • Others

Segmentation by Monitoring Capacity

  • Up to 7 days
  • Above 7 days

Segmentation by End-user Type

  • Hospitals
  • Specialty Cardiac Centers
  • Others

Segmentation by Product Type

  • Wired Holter Monitors
  • Wireless Holter Monitors

Segmentation by Geography

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • APAC
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • South Africa

CHAPTER – 1: Holter Monitor Market Overview

  • Executive Summary
  • Key Findings

CHAPTER – 2: Holter Monitor Market

  • GLOBAL: Projected Revenue of Holter Monitor Market (2023-2029; $Millions)

CHAPTER – 3: Holter Monitor Market Segmentation Data

  • GLOBAL: Projected Revenue by Channel type (2023-2029; $Millions)
  • 3 Channels
  • 12 Channels
  • Others
  • GLOBAL: Projected Revenue by Monitoring Capacity (2023-2029; $Millions)
  • Up to 7 days
  • Above 7 days
  • GLOBAL: Projected Revenue by End-user (2023-2029; $Millions)
  • Hospitals
  • Specialty Cardiac Centers
  • Others
  • GLOBAL: Projected Revenue by Product (2023-2029; $Millions)
  • Wired Holter Monitors
  • Wireless Holter Monitors

CHAPTER – 4: Key Regions Overview

  • North America: Projected Revenue of Holter Monitor Market (2023-2029; $Millions)
  • Projected Revenue of Holter Monitor Market in US
  • Projected Revenue of Holter Monitor Market in Canada
  • Europe: Projected Revenue of Holter Monitor Market (2023-2029; $Millions)
  • Projected Revenue of Holter Monitor Market in Germany
  • Projected Revenue of Holter Monitor Market in France
  • Projected Revenue of Holter Monitor Market in UK
  • Projected Revenue of Holter Monitor Market in Italy
  • Projected Revenue of Holter Monitor Market in Spain
  • APAC: Projected Revenue of Holter Monitor Market (2023-2029; $Millions)
  • Projected Revenue of Holter Monitor Market in Japan
  • Projected Revenue of Holter Monitor Market in China
  • Projected Revenue of Holter Monitor Market in India
  • Latin America: Projected Revenue of Holter Monitor Market (2023-2029; $Millions)
  • Projected Revenue of Holter Monitor Market in Brazil
  • Projected Revenue of Holter Monitor Market in Mexico
  • Projected Revenue of Holter Monitor Market in Argentina
  • Middle East & Africa: Projected Revenue of Holter Monitor Market (2023-2029; $Millions)
  • Projected Revenue of Holter Monitor Market in Turkey
  • Projected Revenue of Holter Monitor Market in Saudi Arabia
  • Projected Revenue of Holter Monitor Market in South Africa

CHAPTER – 5: Holter Monitor Market Prospects & Opportunities

  • Holter Monitor Market Opportunities & Trends
  • Holter Monitor Market Drivers
  • Holter Monitor Market Constraints

CHAPTER – 6: Holter Monitor Industry Overview

  • Holter Monitor Market - Competitive Landscape
  • Holter Monitor Market – Key Vendor Profiles
  • Holter Monitor Market – Other Prominent Vendors
  • Holter Monitor Market - Key Strategic Recommendations

CHAPTER – 7: Appendix

  • Research Methodology
  • Abbreviations
  • About Arizton

List of Exhibits

  • Exhibit 1: Projected Revenues of Holter Monitor in Global (2023-2029; $ Mn)
  • Exhibit 2: Projected Revenue of Holter Monitor by 3 Channel (2023-2029; $ Mn)
  • Exhibit 3: Projected Revenue of Holter Monitor by 12 Channel ($ Mn)
  • Exhibit 4: Projected Revenues of Holter Monitor by Others (2023-2029; $ Mn)
  • Exhibit 5: Projected Revenues of Holter Monitor by Up to 7 days (2023-2029; $ Mn)
  • Exhibit 6: Projected Revenues of Holter Monitor by Above 7 days (2023-2029; $ Mn)
  • Exhibit 7: Projected Revenues of Holter Monitor by Hospitals (2023-2029; $ Mn)
  • Exhibit 8: Projected Revenues of Holter Monitor by Special Cardiac Centers (2023-2029; $ Mn)
  • Exhibit 9: Projected Revenues of Holter Monitor by Others (2023-2029; $ Mn)
  • Exhibit 10: Projected Revenues of Holter Monitor by Wired Monitors (2023-2029; $ Mn)
  • Exhibit 11: Projected Revenues of Holter Monitor by Wireless Monitors (2023-2029; $ Mn)
  • Exhibit 12: Projected Revenues of Holter Monitor in North America (2023-2029; $ Mn)
  • Exhibit 13: Projected Revenues of Holter Monitor in US (2023-2029; $ Mn)
  • Exhibit 14: Projected Revenues of Holter Monitor in Canada (2023-2029; $ Mn)
  • Exhibit 15: Projected Revenues of Holter Monitor in Europe (2023-2029; $ Mn)
  • Exhibit 16: Projected Revenues of Holter Monitor in Germany (2023-2029; $ Mn)
  • Exhibit 17: Projected Revenues of Holter Monitor in France (2023-2029; $ Mn)
  • Exhibit 18: Projected Revenues of Holter Monitor in UK (2023-2029; $ Mn)
  • Exhibit 19: Projected Revenues of Holter Monitor in Italy (2023-2029; $ Mn)
  • Exhibit 20: Projected Revenues of Holter Monitor in Spain (2023-2029; $ Mn)
  • Exhibit 21: Projected Revenues of Holter Monitor in APAC (2023-2029; $ Mn)
  • Exhibit 22: Projected Revenues of Holter Monitor in Japan (2023-2029; $ Mn)
  • Exhibit 23: Projected Revenues of Holter Monitor in China (2023-2029; $ Mn)
  • Exhibit 24: Projected Revenues of Holter Monitor in India (2023-2029; $ Mn)
  • Exhibit 25: Projected Revenues of Holter Monitor in Latin America (2023-2029; $ Mn)
  • Exhibit 26: Projected Revenues of Holter Monitor in Brazil (2023-2029; $ Mn)
  • Exhibit 27: Projected Revenues of Holter Monitor in Mexico (2023-2029; $ Mn)
  • Exhibit 28: Projected Revenues of Holter Monitor in Argentina (2023-2029; $ Mn)
  • Exhibit 29: Projected Revenues of Holter Monitor in Turkey (2023-2029; $ Mn)
  • Exhibit 30: Projected Revenues of Holter Monitor in Saudi Arabia (2023-2029; $ Mn)
  • Exhibit 31: Projected Revenues of Holter Monitor in South Africa (2023-2029; $ Mn)

List of Tables

  • Table 1: Key Market Trends in Holter Monitor Market
  • Table 2: Key Market Enablers in Holter Monitor Market
  • Table 3: Key Market Constraints in Holter Monitor Market
  • Table 4: Strategic Recommendations in Holter Monitor Market

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