Holter Monitors Market Size to Reach Revenues of around USD 775 Million by 2025 - Arizton

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Oct 29, 2020, 12:00 ET

CHICAGO, Oct. 29, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global Holter monitors market report.

The global Holter monitors market is expected to grow at a CAGR of over 8% during the period 2019−2025.

Key Highlights Offered in the Report:

The global Holter monitors market is anticipated to reach about $775 million by 2025 with a healthy growth of more than 8% over the forecast period.
Emergence of latest generation Holter monitors is expected to fuel the growth of the Holter monitors market over the forecast period.
The adoption of wireless technology for ECG recording is expected to be another prime factor contributing to the future market growth for Holter monitors globally.
Increasing use of ECG recordings in ambulatory settings is a major factor driving the global Holter monitors market.
The up to 7 days monitoring capacity segment contributed to the largest market share of around 88% in 2019.
North America dominated the global Holter monitors market with a share of around 40% in 2019.

Key Offerings:

Market Size & Forecast by Revenue | 2019−2025
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by channels, monitoring capacity, end-user, and geography
Competitive Landscape – 5 key vendors and 44 other vendors

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Holter Monitors Market – Segmentation

In 2019, the 3 channels segment accounted for the largest share with over 48%. 3 channels recording highly improves the efficiency of healthcare operations in hospitals and specialized cardiac centers. Multiple tracings with 3 channels devices could be run off, eliminating costly and time-consuming electrostatic copying.
The up to 7 days segment accounted for the maximum market share due to 7 days Holters' accurate and effective clinical results for diagnosing arrhythmia and associated disorders. Arterial fibrillation (AF) screening after stroke with up to 7 days Holter monitoring is a routine screening tool.
In 2019, the hospital end-user segment accounted for over 48% of the global Holter monitors market. Healthcare professionals in hospitals use these devices for monitoring symptoms associated with arrhythmia. The market is growing at a healthy rate due to the high adoption of the latest generation of Holter monitors.

Holter Monitors Market by Channel

3 Channels
12 Channels
Others

Holter Monitors Market by Monitoring Capacity

Up to 7 Days
Above 7 Days

Holter Monitors Market by End-user

Hospitals
Specialty Cardiac Centers
Others

Holter Monitors Market – Dynamics

The increasing demand for ambulatory cardiac monitoring devices has encouraged several vendors to develop advanced platforms/devices to address the unmet needs in the treatment of cardiac arrhythmia and other coronary disorders. The ambulatory cardiac monitoring technology has witnessed several technical advancements and improvements over the years. Technological advancements in Holter monitoring devices have revolutionized and enhanced the clinical outcome of ambulatory ECG procedures. Since the first commercial appearance in the 1960s, continuous innovation and research have led to further innovations in the Holter monitoring space. Traditional Holter monitors can be typically worn for 24 to 48 hours. Latest generation Holter monitors can be worn for a few days or weeks with more accurate and precise monitoring.

Key Drivers and Trends fueling Market Growth:

Embracing Wireless Technology for Holter Monitors
Growing Popularity for Extended Holter Monitoring
Increasing Prevalence of Cardiac Disorders
Increasing Adoption of Ambulatory Heart Monitoring Devices

Holter Monitors Market – Geography

North America dominates the Holter monitors market. Increase in burden of diseases along with better access to treatment is the primary factor for North America's high market share. The strong presence of prominent Holter monitors vendors is also another reason for the higher adoption of Holter monitors in North America. Increase in patients suffering from CVDs, AF, and the necessity to diagnose diseases with advanced procedures is expected to boost the market growth during the forecast period.

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By Geography

North America

US
Canada

Europe

Germany
France
UK
Italy
Spain

APAC

Japan
China
India
South Korea
Australia

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

Turkey
Saudi Arabia
South Africa
Iran

Major Vendors

GE Healthcare
GE Healthcare
Koninklijke Philips
iRhythm Technologies
Hillrom
BioTelemetry

Other Prominent Vendors

ACSDiagnostics
Advanced Instrumentations
AMEDTEC Medizintechnik Aue
ASPEL
Hangzhou Beneware Medical Equipment
Biomedical Instruments
Biotricity
Bittium
BPL Medical Technologies
Borsam Biomedical Instruments
BTL
CONTEC MEDICAL SYSTEMS
Cortrium
custo med
Oy Diagnostic Devices Development – DDD
dms-service
EB Neuro
EDAN Instruments
Forest Medical
FUKUDA DENSHI
Holter Supplies
Labtech
Lepu Medical
LUMED
medical ECONET
Medicomp
Meditech Kft.
Meditech Equipment
Midmark
MONITOR
Nasan Medical Electronics
Nasiff Associates
NEUROSOFT
Norav Medical
NorthEast Monitoring
Preventice Solutions
ScottCare Cardiovascular Solutions
SCHILLER
Shenzhen Biocare Bio-Medical Equipment
Spacelabs Healthcare
Suzuken Company
Trimpeks
TRISMED

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