Cardiac Holter Monitor Market Latest Report 2024-2031
Cardiac Holter Monitor Market Size
Cardiac Holter Monitor Market size was valued US$ 411 million in 2022 and is estimated to reach US$ 577 million by 2031, growing at a CAGR of 5.4% during the forecast period (2024-2031).
Holter monitor is a continuous monitoring device that monitors a patient's heart for a short period (24 hours to 48 hours); some were prescribed for up to 14 days.
ECG Holter monitors the first ambulatory cardiac monitor and is used for more extended period monitoring of the heart, where a resting ECG monitor cannot be used. Holter monitors have gained greater acceptance globally due to their suitable application for ambulatory services.
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Cardiac Holter Monitor Market Trends
Rising prevalence of cardiovascular diseases drives the growth of the market
For the treatment of peripheral vascular disorders, angioplasty is advised. During this operation, the afflicted artery is examined using a cardiac catheter, which reopens the artery and flattens the blockage in the artery wall. In contrast to cancer and other chronic diseases, the American Heart Association research estimates that 92.1 million Americans were living with some type of CVD in 2020 and that CVD is the leading cause of death in the nation.
One of the main issues in developing nations worldwide is the growing senior population. Additionally, an expected period of time would see a growth in the prevalence of chronic diseases in geriatric individuals, including aortic disease, venous thromboembolism, peripheral arterial disease, etc. In 2020, more than 19.1% of the world's population of seniors aged 55 to 65 had peripheral vascular disease, with about 27% of men and more than 21% of women affected, according to a report from the Centers for Disease Control and Prevention. The largest concentration of senior citizens is in Asia and the Pacific, and their numbers are growing at an unprecedented rate.
Market Segmentation
By Product type
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1-Channel
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2-Channel
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3-Channel
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12-Channel
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Others
By Components
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Wireless Holter
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Wired Holter
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Holter Analysis System & Software
By End-user
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Hospitals
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Ambulatory Surgical Centers
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Clinics
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Homecare Settings
Cardiac Holter Monitor Market Players
Major players are Medtronic Plc, GE Healthcare, Spacelabs Healthcare, FUKUDA DENSHI CO.LTD., Nasiff Associates, Inc., Biomedical Instruments Co., Ltd., Schiller AG, BTL, Koninklijke Philips N.V and ScottCare Corporation.
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