Global Holter ECG Monitoring Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Wired Holter Monitor, Wireless Holter Monitor, Holter Analysis System And Software), By Lead Type (3 Lead Holter Monitor, 6 Lead Holter Monitor, 12 Lead Holter Monitor), By End User (Hospital & Clinic, Ambulatory Surgical Centre), And By Geography - Forecasts From 2021 To 2026

The global Holter ECG monitoring market is expected to grow at a compound annual growth rate of 6.46% over the forecast period to reach a market size of US$660.276 million in 2026, from US$426.011 million in 2019. 

A Holter monitor is an ambulatory electrocardiogram that is operated by a battery and helps in the measurement and records the heart’s activity. Patients susceptible to cardiovascular are recommended Holter ECG tests for continuous tracking of heart activity. The patient wears the device for one or two days and the Holter monitor record the heartbeat of the patient for the entire duration while the patient was performing different activities. The data collected is analyzed by the Holter analysis systems and software, giving the doctor proper knowledge about the condition.

Market Drivers.

The growth in the aging population and a shift in the trend towards preventive care from effective treatment have led to the adoption of Holter monitors driving the growth of the global Holter ECG monitoring market. According to the United Nations report, there were approx. 703 million people, were aged 65 years or over in 2019. The UN report also stated that the number of older people, globally, is expected to double to approx. 1.5 million in the year 2050. Aging people tend to suffer from various types of cardiovascular problems, such as cardiac arrest and others, that are expected to play a major role in market growth, in the coming years. Additionally, growing digitalization will raise the demand for digital Holter monitors by many healthcare professionals and will contribute to fuelling the demand for Holter monitors. However, the market can be affected by the presence of fewer skilled professionals.

Wireless Holter monitoring devices are expected to have a major share.

The market is expected to surge in the coming years, due to the rise in the number of hospitals, clinics, and others, that have increased their usage of wireless Holter monitors. Major companies have been making a significant impact in the market, in the past few years. For instance, Norav Medical, one of the key players in the market, provides wireless and other related Holter monitors for ECG monitoring to their customers. The company's medical Holter analysis system has become a solution that offers complete Holter ECG monitoring for around 14 days. The company's product has a BlueTooth and USB interface and provides pacemaker analysis, audible diary recording, and various respiration trends. With the increasing investment in research & development, innovation, and advancement, to develop novel and advanced solutions, the market is expected to surge at an exponential rate, during the forecast period.

North America is expected to play an imperative role in market growth.

Geographically, the North American region is expected to have a significant market share of the global Holter ECG monitoring market share. The market share is projected on account of technological advancements in the region, consumer awareness about the technology, and an inclination towards preventive measures for cardiovascular diseases instead of treatment. The market of the Asia Pacific region is expected to witness rapid growth owing to increasing consumer awareness and increasing inclination towards preventive measures for cardiovascular diseases instead of treatment. China is expected to have a major share in the market, due to the increase in the prevalence rate of cardiovascular diseases, surging investment in the development of novel and advanced solutions, and other related factors. According to the data given by the National Center for Cardiovascular Diseases of China, two in five deaths in the country are attributed to cardiovascular diseases. CVD has also remained a major cause of death in the country and accounted for around 43.16% and 45.5% of deaths in urban and rural areas. These trends are expected to play a major role in the overall market growth.

Latest Developments.

Many research organizations, and private and public firms are making significant developments in the market, in the past few years.

In June 2021, AliveCor, a key ESG technology specialist, announced that it had been acquiring CardioLabs, a cardiac diagnostic and monitoring service provider. The company had stated that the novel acquisition would set the stage and platform for the launch of novel ambulatory monitoring systems. Under this deal, AliveCor would manage and operate CardioLabs US-Based healthcare provider consumers and customers and would have complete access to cardiac monitoring services, which include Extended Holter and Holter monitoring, Cardiac Event Monitoring, and Mobile Cardiac Telemetry.

In November 2020, VitalConnect announced the launch of its novel cardiac monitoring patch, called the VitalPatch RTM for patients that need extended Holter monitoring. The novel and advanced wearable biosensor look for around 21 different cardiac arrhythmias, by the use of an artificial electrocardiogram sensor. This development is expected to play a major role in the overall market growth, in the coming years.

Global Holter ECG Monitoring Market Scope:

Segmentation:

• By Product Type
  • Wired Holter Monitor
  • Wireless Holter Monitor
  • Holter Analysis System & Software
• By Lead Type
  • 3 Lead Holter Monitor
  • 6 Lead Holter Monitor
  • 12 Lead Holter Monitor
• By End Users
  • Hospitals & Clinics
  • Ambulatory Surgical Centers
• By Geography
  • North America
    • USA
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Taiwan
    • Indonesia
    • Others