Wireless Holter monitoring systems are expected to be drastically used in different healthcare settings to monitor the heart rhythm.
According to the latest Arizton's market research report, the Holter monitoring systems market size to cross USD 775 million by 2025, growing at a CAGR of 8% during the forecast period.
Holter Monitoring Systems Market Growth
The increasing adoption of ambulatory electrocardiography (ECG) with the help of modern devices such as Holter monitors that enables extended monitoring system for arrhythmias is fueling the demand for these systems in the market. Technological advancements in Holter monitoring systems have revolutionized and enhanced the clinical outcome of ambulatory ECG procedures. According to HCPs, most patients prefer wearable patch based Holter monitors as they are more compact and comfortable which is boosting the growth of wearable Holter monitoring systems globally.
Read: Vital Signs Monitoring Devices Market - Global Outlook and Forecast 2020-2025
Embracing Wireless Technology for Holter Monitors
The global Holter monitoring systems market is growing at a significant rate with tremendous growth opportunities for both existing and upcoming players. Market players are significantly focusing on developing and launching Holter monitoring systems with advanced technological features. Wireless Holter monitoring systems are expected to be drastically used in different healthcare settings to monitor the heart rhythm. Currently, wireless Holter monitors are gaining immense popularity for its accuracy in long-term monitoring of the heart. Wireless technologies allow transmission of high-quality ECG recordings without leads.
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- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by channels, monitoring capacity, end-users, and geography
- Competitive Landscape – 5 Key Company Profiles and 44 Other Prominent Vendors
Read: Cardiac Assist Devices Market - Global Outlook and Forecast 2020-2025
Holter Monitoring Systems Market Growth – Geographic Analysis
The dominance of North America in the Holter monitoring systems market is mainly attributing to the high prevalence of cardiac arrhythmia and AF and technological innovations in diagnostic devices. The growth in the region is mainly attributes to the increasing incidence in diagnosis procedures for treating various diseases, availability of advanced healthcare infrastructure, constant technological innovations, and growing acceptance for technologically advanced ECG devices. In Europe, the rising prevalence of cardiac diseases is driving the demand for ambulatory ECG devices such as Holter monitoring systems in the medical market.
The global Holter monitoring systems market is highly competitive and fragmented with the presence of global, regional, and local players offering a broad range of conventional and latest generation Holter monitors for end-users. Vendors, especially global players, are increasingly focusing on inorganic growth strategies such as mergers and acquisitions, and emerging companies that are aiming to expand their presence, enhance product portfolio, and improve expertise in the global regional market for Holter monitoring systems. Healthcare facilities are competing in the market by offering technologically advanced Holter monitors to end users. The market offers tremendous growth opportunities to both prominent and emerging players in the Holter monitoring systems market due to increase in patient population with arrhythmia and associated risks.
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