The global Holter ECG market is currently valued at USD 645.2 million in 2023 and is anticipated to reach a valuation of USD 1.5 billion by 2033. The market is projected to grow at a CAGR of 8.6% from 2023 to 2033.
Attributes | Key Statistics |
---|---|
Holter ECG Market Size (2023) | USD 645.2 million |
Anticipated Holter ECG Market Size (2033) | USD 1.5 billion |
Value-based CAGR (2023 to 2033) | 8.6% CAGR |
Rising Cardiovascular Diseases Boosts Holter ECG Market Growth
The rising prevalence of arrhythmia and associated cardiac and vascular diseases is the leading cause of the increase in Holter ECG market growth. These diseases are mainly caused by factors such as age, inactivity, obesity, and high blood pressure. The demand for Holter monitors is also increasing due to the rising prevalence of atrial fibrillation (AF), associated risk of stroke and cardiovascular diseases, growing awareness among patients regarding steady ECG recording, and the availability of several effective ambulatory monitoring devices.
During the forecast period, the Holter ECG market is expected to experience significant growth due to various factors, including an increase in the number of elderly individuals, a surge in the prevalence of cardiovascular diseases, and the growing demand and adoption of these monitors by doctors and physicians. However, the growth of the Holter ECG market may be impeded by the need for more skilled professionals who can accurately monitor the Holter ECG reports.
Increasing Demand for Wireless Holter Monitors Driving Market Growth
The development of wireless cardiac heart monitors has gained traction due to the increasing usage of wireless devices. The convenience and accuracy provided by wireless Holter monitors have made them a popular choice among consumers. Additionally, the market is witnessing a growing focus on developing expertise in heart monitoring systems, which is expected to create attractive growth opportunities for market participants.
An evolution in the market has been witnessed due to the increasing popularity of the wireless Holter ECG monitor segment. The widespread applications of these devices in enhancing efficiency, providing remote access, managing cardiovascular diseases, and their affordability have contributed significantly to the dominance of this segment.
During the prediction period, the global Holter ECG market is expected to grow due to various factors, including an increase in the incidence of congenital heart defects, technological advancements in Holter ECG monitors, a rise in the adoption of MRI procedures, and an upsurge in the senior population.
However, the high cost of production and strict regulations associated with these devices limit market growth. In the forthcoming years, an increase in heart strokes and the development of innovative products by key players are expected to provide profitable opportunities for market expansion.
Attributes | Key Statistics |
---|---|
Holter ECG Market Size (2022) | USD 588.1 million |
CAGR (2018 to 2022) | 10.8% CAGR |
The highest risk for heart disease arises due to one's socioeconomic status and leading a sedentary life. This surge in cardiac illness is expected to boost the market size for cardiac monitoring devices that can be worn on the body. Globally, cardiovascular disease is the primary cause of death, which has resulted in an increased demand for wearable cardiac monitoring devices in hospitals and ambulatory surgical centers.
Furthermore, the severe health risks associated with heart disease are expected to drive the need for testing. The demand for such devices is increasing in lower and middle-income countries, which is expected to drive the market for Holter ECG devices over the coming decade.
Top Product | 12-Lead |
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CAGR (2018 to 2022) | 10.5% CAGR |
CAGR (2023 to 2033) | 8.4% CAGR |
The market has six categories based on the type of products: 12-lead,5-lead,3-lead, 6-lead, single-lead, and others. The Holter ECG products are perfect for monitoring and tracking heart abnormalities, which can help maintain track of a healthy lifestyle.
The 12-lead products segment is expected to dominate the market in the coming decade, growing at a global CAGR of 8.4%. However, recordings from these monitors are of lower resolution than those from a standard 12-lead ECG and have provided misleading ST segment representation. Despite this, some devices allow setting the sampling frequency up to 1000 Hz for special-purpose examinations such as detecting late potential.
Top Application | Hospitals |
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CAGR (2018 to 2022) | 10.3% CAGR |
CAGR (2023 to 2033) | 8.1% CAGR |
There are three application-based categories for the Holter ECG market: hospitals, clinics, and others. The hospital segment is expected to lead the market due to the surge in the prevalence of CVD, an increase in the number of patient visits to physician offices for CVD diagnosis, a rise in the number of cardiac implant procedures, and the availability of reimbursement policies in developed markets.
Over the next decade, hospital applications are expected to become more popular due to their diverse range of medical practices compared to other measures.
Country | CAGR (2023 to 2033) |
---|---|
United States | 8.9% |
United Kingdom | 9.6% |
China | 9.2% |
Japan | 7.7% |
South Korea | 9.8% |
The Holter ECG market in the United States is expected to grow significantly over the coming years, with a projected CAGR of 8.9% from 2023 to 2033. The United States holds a significant market share because of its advanced healthcare infrastructure, medical research and innovation leadership, and diverse patient population with varying healthcare needs.
The United Kingdom is expected to experience significant market growth during the forecast period, mainly due to the rising demand for heartbeat monitoring and the adoption of advanced technologies. The country's strong market position can be attributed to its improved healthcare infrastructure and increased spending on research and development of heart rate monitoring equipment.
China's demand for Holter ECG products is continuously increasing, with a CAGR of 9.2% over the next ten years. This is due to the growing aging population and the Chinese government's efforts to boost the healthcare sector. As a result, the revenue market in China is expected to grow strongly over the projection period.
The Holter ECG market in Japan is poised to experience rapid growth over the forecast years. This is due to the progress in technical and healthcare sectors, particularly in developing provinces. The demand for Holter ECG treatments in Japan is expected to grow at a CAGR of around 7.7% through 2033. The healthcare sector's increasing requirement for ECG devices is anticipated to fuel market expansion over the next decade.
The Holter ECG market experienced a substantial increase in value, primarily due to South Korea's contribution. The country's advanced healthcare infrastructure and easy access to technological devices have been driving this growth. Moreover, the rising incidence of chronic and cardiovascular diseases in the country has further accelerated the market's value.
The Holter ECG market is constantly evolving with various changes, such as joint ventures, product innovation, strategic partnerships, mergers and acquisitions, and new inventions. These strategies help evaluate the competition in the global market.
Some key players in the medical display market include Royal Philips, Nissha Medical Technologies, Medtronic PLC, Hill-Rom Services Inc., I Rhythm Technologies Inc., AliveCor Inc., Cardiac Insight Inc., and Vital Connect.
Recent Developments in the Holter ECG Market
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
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Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 48: Middle East and Africa Market Volume (Units) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 16: Global Market Attractiveness by Product, 2023 to 2033
Figure 17: Global Market Attractiveness by Application, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Product, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 34: North America Market Attractiveness by Product, 2023 to 2033
Figure 35: North America Market Attractiveness by Application, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Product, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Product, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Product, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by Application, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Product, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by Application, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Product, 2023 to 2033
Figure 125: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by Application, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Product, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Product, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by Application, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
In 2022, the global Holter ECG market was valued at USD 588.1 million.
The market is estimated to reach a valuation of USD 645.2 million.
The market is anticipated to expand at a CAGR of 8.6% from 2023 to 2033.
The 12-lead product segment is dominating the market with a CAGR of 10.5% through 2033.
The top players in the Holter ECG market are Nissha Medical Technologies, Medtronic PLC, Hill-Rom Services, inc., I Rhythm Technologies, Inc., AliveCor, Inc., Cardiac Insight Inc., and Vital Connect.
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