Growth, Trends, and Opportunities in the Holter Monitor Market: Key Insights for the Next Decade
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What is the Long-Term Projected Growth Rate for the Holter Monitor Market, and What Are the Key Drivers?
The market size of the holter monitor has seen a substantial increase in recent times. It will expand from $1.02 billion in 2024 to $1.12 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. Historic period growth can be accredited to the growth of remote patient monitoring, wider acceptance among the aged populace, escalation of global healthcare expenditure, changes in guidelines supporting continuous cardiac monitoring, and an intensified emphasis on early identification of cardiac irregularities.
In the coming years, the holter monitor market is projected to experience robust expansion, with expectations to reach $1.62 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth within the forecast period is linked to factors such as the evolution of telemedicine and remote healthcare facilities, an aging demographic, the escalating occurrence of cardiovascular conditions, strides in data analytics and AI, and a surge in demand for personalized and preventive healthcare. The time ahead is also projected to witness trends like the rise in the usage of patch-style and wireless monitors, further development of ambulatory ECG monitoring services, broadening of home cardiac monitoring initiatives, the creation of more compact and user-friendly devices, and the incorporation of telemedicine platforms into remote cardiac care.
What External and Internal Drivers Are Contributing to the Growth of the Holter Monitor Market’s Growth?
The escalating rates of cardiovascular diseases are predicted to drive the growth of the holter monitor market in the future. Cardiovascular diseases pertain to disorders affecting the heart and blood vessels, frequently resulting in serious complications like heart attacks or strokes. This increase in cardiovascular ailments links to inactive lifestyles, unsound eating habits, heightening obesity figures, and an aging populace. Holter monitors find use in cardiovascular diseases for the uninterrupted observation of heart rhythms, helping to diagnose and manage conditions such as arrhythmias and ischemic incidents. For instance, in May 2024, as per the Centers for Disease Control and Prevention, a government body based in the US, heart disease was responsible for 702,880 deaths in 2022, making it the cause of 1 in every 5 deaths. Each year in the US, roughly 805,000 individuals experience a heart attack. Out of these, 605,000 are experiencing their first heart attack and 200,000 are those who have previously suffered one. Consequently, the escalating rates of cardiovascular diseases are encouraging the expansion of the holter monitor market.
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Which Companies Are Leading the Charge in Expanding the Holter Monitor Market?
Major companies operating in the holter monitor market are:
• Koninklijke Philips N.V._x000D_
• GE HealthCare Technologies_x000D_
• Baxter Laboratories Inc._x000D_
• Lepu Medical Technology(Beijing)Co Ltd._x000D_
• Fukuda Denshi Co Ltd._x000D_
What New Trends Are Reshaping the Holter Monitor Market and Its Opportunities?
Leading firms in the holter monitor market are primarily focused on the creation of technologically advanced products that can procure high-quality ECG recordings. The term ‘high-quality ECG recording’ refers to the acquisition of precise and dependable heart electrical signals, which are crucial for the diagnosis of various heart-related conditions. For example, Norav Medical, a Germany-based company known for its pioneering medical devices, unveiled the NR-314P Holter gadget in November 2023. This groundbreaking Holter gadget, remarkably lightweight at 41g, can provide continuous ECG recording for up to 14 days. Among its features are 3-lead ECG technology, wireless connectivity, and smooth EHR/HIS system integration through HL7 and DICOM. The NR-314P is designed to allow uninterrupted daily routines with its rechargeable battery and water-proof design. It aids in improved patient care with its superior analysis capabilities. With features such as its water-resistant and lightweight nature and a rechargeable lithium polymer battery, it encourages user adherence to long-term monitoring by allowing continuous ECG recording even during regular daily tasks.
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Which Segments Play a Crucial Role in the Expansion of the Holter Monitor Market?
The holter monitor market covered in this report is segmented –
1) By Product Type: Wired, Wireless
2) By Channel Type: 3 Channel, 12 Channel, Other Channel Types
3) By Monitoring Capacity: Upto 7 Days, Above 7 Days
4) By End User: Hospitals, Specialty Cardiac Centers, Other End Users
Subsegments:
1) By Wired: Single-Channel Wired Holter Monitor, Multi-Channel Wired Holter Monitor, Standard Wired Holter Monitors (12-lead Ecg), Portable Wired Holter Monitors, Long-Term Continuous Monitoring Wired Devices, Hospital-Grade Wired Holter Monitors
2) By Wireless: Single-Channel Wireless Holter Monitor, Multi-Channel Wireless Holter Monitor, Bluetooth-enabled Wireless Holter Monitors, Cloud-Connected Wireless Holter Monitors, Wearable Wireless Holter Monitors ( Patches Or Wristbands), Mobile App-Integrated Wireless Holter Monitors
What Are the Top Regions Fueling Growth in the Holter Monitor Market?
North America was the largest region in the holter monitor market in 2023. The regions covered in the holter monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Holter Monitor Market?
Holter monitor is a portable device used to continuously record the heart’s electrical activity. The device consists of electrodes placed on the chest, connected to a small recording device worn on the belt or shoulder strap. It is worn for 24 to 48 hours to monitor heart rhythms, which helps in diagnosing irregularities such as arrhythmias.
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