Holter Monitor Market Size To Reach $3.05 Billion By 2030

Holter Monitor Market Growth & Trends

The global holter monitor market size is expected to reach USD 3.05 billion by 2030, growing at a CAGR of 9.7%, according to a new report by Grand View Research, Inc. The market growth is attributed to the increasing geriatric population, increasing prevalence of atrial fibrillation (AFib), and a rising incidence of cardiovascular diseases (CVD). In addition, the market is being driven by continuous technological advancements, increasing investments in early arrhythmia detection, developments in telemetry, and favorable regulatory policies.

According to the American Heart Association, in 2022, 19.1 million deaths were caused by CVD globally. Coronary Heart Disease (CHD) and stroke were the common CVDs affecting the global population. This increased the use of Holter monitors in hospitals & clinics and diagnostic centers. The increasing approvals for Holter monitors dedicated to ECG monitoring applications drive the market growth significantly. In June 2022, Nitto Denko Corporation announced a collaboration with Astellas Pharma Inc. and M. Heart Co., Ltd. to sell disposable EG Holter devices. The data collected by EG Holter will be analyzed by "MYHOLTER II," a holter analyzer software collaboratively developed by Astellas and M. Heart. MYHOLTER II utilizes an AI-based algorithm to analyze Holter ECG data.

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Holter Monitor Market Report Highlights

• Based on component type, the wired segment held the largest market share of 63.54% in 2022. The growth is attributed to the increasing demand from hospitals and ambulatory surgical centers, asthe wired connection ensures direct oversight by medical professionals, enabling real-time access to patient information for prompt intervention

• Based on end-use, the hospitals & clinics segment held the largest market share of 50.42% in 2022. The rising geriatric population prone to CVDs is contributing to the growth of the hospitals & clinics segment in the Holter monitor industry

• In 2022, North America dominated the market, accounting for 42.8% of the total revenue share. This growth can be attributed to the increasing prevalence of CVDs and growing product approvals from federal regulatory bodies

Holter Monitor Market Segmentation

Grand View Research has segmented the global Holter monitor market based on component, end-use, and region.

Holter Monitor Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Wired

• Wireless

Holter Monitor End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Hospitals & Clinics

• Ambulatory Surgical Centres

• Others

Holter Monitor Regional Outlook (Revenue, USD Billion 2018 - 2030)

• North America

• U.S.

• Canada

• Europe

• UK

• Germany

• France

• Italy

• Spain

• Sweden

• Norway

• Denmark

• Asia Pacific

• China

• Japan

• India

• Australia

• Thailand

• South Korea

• Latin America

• Brazil

• Mexico

• Argentina

• Middle East and Africa

• Saudi Arabia

• South Africa

• UAE

• Kuwait

List of Key Players in the Holter Monitor Market

• Koninklijke Philips N.V.

• GE HealthCare

• Hill-Rom Holdings, Inc.

• Spacelabs Healthcare (OSI Systems, Inc.)

• SCHILLER AG

• Bittium

• Lepu Medical Technology(Beijing)Co.,Ltd.

• BPL Medical Technologies

• Biotricity

• Nitto Denko Corporation