The global Holter ECG market is currently valued at US$ 645.2 million in 2023 and is anticipated to reach a valuation of US$ 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) | US$ 645.2 million |
| Anticipated Holter ECG Market Size (2033) | US$ 1.5 billion |
| Value-based CAGR (2023 to 2033) | 8.6% CAGR |
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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) | US$ 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.
Principal Consultant
| Top Product | 12-Lead |
|---|---|
| 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 |
|---|---|
| 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.
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| 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
In 2022, the global Holter ECG market was valued at US$ 588.1 million.
The market is estimated to reach a valuation of US$ 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.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product, 2023 to 2033 5.3.1. 12-Lead 5.3.2. 5-Lead 5.3.3. 3-Lead 5.3.4. 6-lead 5.3.5. Single-Lead 5.3.6. Others 5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Hospitals 6.3.2. Clinics 6.3.3. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Product 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Product 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Product 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Product 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Product 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Product 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Product 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Product 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Product 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Product 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Product 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Product 15.5.2.2. By Application 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Product 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Product 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Product 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Product 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Product 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Product 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Product 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Product 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Product 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Product 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Product 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Product 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Product 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Product 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Product 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Product 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Product 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Product 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Nissha Medical Technologies 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Medtronic PLC 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Hill-Rom Services 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. iRhythm Technologies, Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. AliveCor, Inc., 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Cardiac Insight Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Vital Connect 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. LifeSignals, Inc., 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Bardy Diagnostics, Inc. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Nasiff Associates, Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Holter ECG Market
