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Holter Monitoring Systems Market Is Projected to Surpass US$ 1,397.1 Million With Healthy CAGR of 4.9% by 2027 | Koninklijke Philips N.V., Welch Allyn, Inc., VivaQuant, and GE Healthcare

July 29th, 2022 Coherent Market Insights Releases

A Holter monitor is a device that records heart electrical activity for twenty-four to forty-eight hours. This device can help diagnose an irregular heartbeat called an arrhythmia. The Holter monitor is available at cardiologist’s office or the Cardiac Services Department at Doylestown Hospital. A Holter monitor will be attached to chest via wires. These patches will stay in place for approximately 8 hours. It is small and can be carried around waistband, neck, or shoulder. There is no known side effects of using the Holter monitor.

A Holter study is most often used to diagnose a cardiac arrhythmia. Correlating symptoms to the simultaneous presence of an arrhythmia is crucial to determining the correct diagnosis. Most people have benign arrhythmias without symptoms that do not require treatment.

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Statistics:

The global Holter monitoring systems market is estimated to account for US$ 1,397.1 Mn in terms of value by the end of 2027.

Global Holter Monitoring Systems Market: Drivers

Growing preference for preventive care is projected to boost growth of the global Holter monitoring systems market.  Holter monitor is effective in preventive care in patients suffering from atrial fibrillation and those who experience fainting spells or near-fainting spells, or dizziness, or feel palpitations or irregular heartbeats. The device helps to determine the total number of heart beats and to determine whether or not a pacemaker is required or medicines need to be adjusted.

Global Holter Monitoring Systems Market: Opportunities

The development of new Holter monitoring devices that can be linked to smartphones is projected to provide lucrative growth opportunities for players in the market.

Global Holter Monitoring Systems Market: Restraints

There is lack of investment and awareness regarding Holter monitoring systems in emerging economies, which is expected to hinder growth of the market.

Key Takeaways:

The Holter Monitoring Devices segment in the global Holter monitoring systems market was valued at US$ 584.3 Mn in 2019 and is expected to reach US$ 885.0 Mn by 2027 at a CAGR of 5.3% during the forecast period. Increasing prevalence of cardiovascular diseases (CVDs) is expected to assist the growth of the segment during the forecasted period.

The Hospitals segment held dominant position in the global Holter monitoring systems market in 2019, accounting for 54.6% share in terms of value, followed by diagnostic center, respectively. Increasing number of public and private hospitals in emerging economies is anticipated to assist the growth of the segment during the forecast period.

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Market Trends

The market is experiencing increasing adoption of newer ECG wearables and compact body-worn devices that offer longer device wear time and capture of more cardiac arrhythmia events compared to Holter monitors. For instance, adhesive patch monitors detect more arrhythmia events than the Holter monitor and can be effective alternative to conventional Holter monitoring in patients referred for ambulatory ECG monitoring.

The demand for Holter monitoring system is increasing over traditional ECG machines as it ensures less waiting time for patients and ensures low time consumption, as patients leave the hospital and carry out other activities while the device records their cardiac activity.

Global Holter Monitoring Systems Market: Competitive Landscape 

Key players operating in the global Holter monitoring systems market include, Koninklijke Philips N.V., Welch Allyn, Inc., Biotricity Inc., Bittium Corporation, Schiller AG, Shimmer, Fukuda Denshi Co., Ltd., Nihon Kohden Corporation, VivaQuant, and GE Healthcare.

Global Holter Monitoring Systems Market: Key Developments  

November 2019: Shimmer, a U.S.-based developer of wearable technology, announced that ECGmd – its five-wire, four-lead Holter monitor ECG, received CE mark

April 2019: VivaQuant, a digital health company, received the U.S. FDA clearance for its RX-1 wearable device that can operate as a Holter monitor

Segmentation

  • Holter Monitoring Systems Market, By Product:
    • Holter Monitoring Devices
    • Event Monitoring Devices
    • Software
  • Holter Monitoring Systems Market, By End User:
    • Hospitals
    • Diagnostic Centers
    • Clinics
    • Ambulatory Surgical Centers
  • Holter Monitoring Systems Market, By Region:
    • North America
      • By Product:
        • Holter Monitoring Devices
        • Event Monitoring Devices
        • Software
      • By End User
        • Hospitals
        • Diagnostic Centers
        • Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product:
        • Holter Monitoring Devices
        • Event Monitoring Devices
        • Software
      • By End User
        • Hospitals
        • Diagnostic Centers
        • Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product:
        • Holter Monitoring Devices
        • Event Monitoring Devices
        • Software
      • By End User
        • Hospitals
        • Diagnostic Centers
        • Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product:
        • Holter Monitoring Devices
        • Event Monitoring Devices
        • Software
      • By End User
        • Hospitals
        • Diagnostic Centers
        • Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product:
        • Holter Monitoring Devices
        • Event Monitoring Devices
        • Software
      • By End User
        • Hospitals
        • Diagnostic Centers
        • Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product:
        • Holter Monitoring Devices
        • Event Monitoring Devices
        • Software
      • By End User
        • Hospitals
        • Diagnostic Centers
        • Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Koninklijke Philips N.V. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Welch Allyn, Inc.
    • Biotricity Inc.
    • Bittium Corporation
    • Schiller AG
    • Shimmer
    • Fukuda Denshi Co., Ltd.
    • Nihon Kohden Corporation
    • VivaQuant
    • GE Healthcare

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Holter Monitoring Systems Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Holter Monitoring Systems Industry Impact

Chapter 2 Global Holter Monitoring Systems Competition by Types, Applications, and Top Regions and Countries
2.1 Global Holter Monitoring Systems (Volume and Value) by Type
2.3 Global Holter Monitoring Systems (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Holter Monitoring Systems Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Holter Monitoring Systems Market Analysis
Chapter 6 East Asia Holter Monitoring Systems Market Analysis
Chapter 7 Europe Holter Monitoring Systems Market Analysis
Chapter 8 South Asia Holter Monitoring Systems Market Analysis
Chapter 9 Southeast Asia Holter Monitoring Systems Market Analysis
Chapter 10 Middle East Holter Monitoring Systems Market Analysis
Chapter 11 Africa Holter Monitoring Systems Market Analysis
Chapter 12 Oceania Holter Monitoring Systems Market Analysis
Chapter 13 South America Holter Monitoring Systems Market Analysis
Chapter 14 Company Profiles and Key Figures in Holter Monitoring Systems Business
Chapter 15 Global Holter Monitoring Systems Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology

About US

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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