Global Holter Market was valued at USD 7.99 billion in 2020 which expected to reach USD 12.14 billion by 2027, at a CAGR 6.11% from 2020-2027.
A Holter monitor is defined as a compact-sized wearable device which can perform continuous tracking of the heart activity. It is powered by a battery & can operate for 24 to 48 hours or longer depending on the type of monitoring used.
The growing prevalence of cardiovascular diseases is expected to boost the growth of the global Holter market over the forecast period. For instance, as per the information provided by the American Heart Association’s Heart Diseases & Stroke Statistics 2018, around 92.1 million adults in the United States are suffering from some form of CVD/ the after-effects of Stroke. Furthermore, the rise in geriatric population is also expected to aid in growth of the global Holter market over the forecast period. For instance, as per the information provided by the World Health Organization, geriatric population is anticipated to reach 2 billion by 2050, up from 900 million (in 2015).
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Key Players
Some of the prominent players are listed in this report such as Hill-Rom services, Inc., Medtronic PLC, Nissha Medical Technologies, Cardiac Insight Inc., AliveCor, Inc., iRhythm Technologies, Inc., Bardy Diagnostics, Inc., Nasiff Associates, Inc., LifeSignals, Inc., VitalConnect, etc.
Impact of COVID-19 on Market
The COVID-19 pandemic has led to an increase in demand for cardiac monitoring devices with cardiovascular conditions. This shift has been adopted with a view to reduce the chances of infections due to the frequent clinic and hospitals visits. Various start-up had launched products which can be used for monitoring cardiac patients. For example, companies iRhythm and Medtronic are actively involved in manufacturing heart monitoring EKG devices for cardiac patients to use at home & for clinicians to use on COVID-19 patients.
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Market Segmentation
By Component
- Wireless Holter
- Wired Holter
- Holter Analysis System & Software
By Product Type
- 1-Channel
- 2-Channel
- 3-Channel
- 12-Channel
By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Homecare Settings
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Regional Analysis
Global Holter Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in APAC region is expected to be an emerging market for the global holter market, and it is expected to register highest CAGR in during the forecast period, due to the increase in number of patients with cardiovascular diseases, presence of several local manufacturers offering holter monitoring devices at competitive prices, and the increase in demand for advanced therapy for cardiovascular diseases in the region.
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