Holter Monitor Market to Reach $1.20 Billion by 2029 - Arizton

3-Channel Type Monitors Expected to Make the Most Substantial Contribution to Market Share.

According to Arizton's latest research report, the holter monitor market growing at a CAGR of 8.45% during 2023-2029. 

The report analyses the current state of the global Holter monitor market and its market dynamics from 2024 to 2029. It provides an extensive overview of various factors that drive growth, hinder growth, and highlight trends within the market. This study encompasses both the aspects of demand and supply within the industry. Furthermore, it offers profiles and assessments of top companies and other noteworthy firms operating in this sector. 

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Wireless Holter monitors are primarily used in monitoring patients with conditions such as palpitation, ventricular tachycardia, and atrial fibrillation. They find extensive applications in large and medium-sized hospitals for diagnosing cardiovascular diseases. The Extended Holter Technology, also known as Patch technology, is a long-term wearable Holter device that operates without wires. It consists of two components that sync data to a remote device through Bluetooth. According to one-year data presented at the American College of Cardiology's 67th Annual Scientific Session in March 2018, individuals at a heightened risk of atrial fibrillation (AFib) may benefit from wearing a self-adhering chest patch that records heart patterns. This approach could enhance AFib detection and enable more timely treatment compared to standard care. Despite being costlier, the convenience and accuracy offered by these devices justify their increasing popularity in the global cardiac holter monitor market. 

Market Segmentation Overview

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.

Geographical Analysis 

The holter monitor market in the US is growing significantly and is likely to grow at a similar pace during the forecast period. An increase in the prevalence of CVDs and AF, high awareness regarding the benefits of the latest-generation Holter monitors, aggressive expansion plans of vendors to penetrate the US market, and product approvals of new Holter monitors are likely to fuel the growth of the market in the country. The increase in the prevalence of AF is one of the major factors contributing to the increasing adoption of Holter monitors in the country. According to the CDC, about 2.7 million to 6.1 million people in the US suffer from AF.  

The Holter monitor market in the US 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. For instance, in May 2018, Preventice Solutions launched BodyGuardian MINI, the world's first 16-day submersible Holter monitor with a wearable patch that can be moved and reapplied by the patient to optimize comfort and wearability. Therefore, the holter monitor market in the US is expected to grow steadily during the forecast period due to an increase in the elderly population, awareness of advanced Holter monitors, and focus of market players on launching advanced Holter monitors in the region. 

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

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Key Company Profiles 
Koninklijke Philips N.V. 
GE Healthcare 
iRhythm Technologies 
Hill-Rom Holdings Inc (Baxter) 
Nihon Kohden Corp 
Fukuda Denshi Co Ltd 
ACS Diagnostics 
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 

Market Segmentation 
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 

Key Questions Answered in the Report: 
How big is the global Holter monitor market? 
What is the projected growth rate of the global Holter monitor market? 
What are the rising trends in the holter monitor market? 
Which region holds the most significant global Holter monitor market share? 
Who are the key players in the global Holter monitor market? 

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