Global Holter ECG Market Overview
According to Global Market Monitor, the global Holter ECG market size will reach $398.15 million in 2024 with a CAGR of 5.67% from 2024 to 2029.
A Holter monitor is a wearable device that helps track the normal function of the heart by continuously recording the electrical activity of the heart over 24 hours or more. The obtained data is then analyzed through analysis software to help doctors come up with an appropriate treatment plan for the patient.
Market Competition
With the increasing incidence of ventricular fibrillation, syncope, palpitations, and post-ablation follow-up worldwide, the need for dynamic monitoring equipment in hospitals is increasing. In addition, continuous ECG monitoring is the preferred option for obtaining accurate results compared to in-hospital standard ECG monitoring. Standard ECG tests do not provide a definitive diagnosis, after which the patient is referred for further testing. To avoid this, ECG patches and Holter monitors are used.
Increasing competition from technologically advanced portable devices, which are more economical than traditional ECGs, is expected to put price pressure on established manufacturers. At the same time, due to the reduction of reimbursement rates, pre-government regulations will affect product pricing.
Due to the increasing use of wireless devices, the development of wireless Holter electrocardiography has attracted more and more attention. The convenience and accuracy offered by wireless Holter electrocardiograms have made them a popular choice for consumers. The market has changed due to the increasing popularity of wireless Holter electrocardiograms, and the widespread application of these devices in improving efficiency, providing remote access, and managing cardiovascular disease, and their affordability has contributed significantly to the dominance of this field.
North America dominates the Holter ECG market, with the United States being the major market, and the growing elderly population and consequent burden of cardiovascular diseases are expected to drive the market growth in this region. According to the American College of Cardiology Foundation, more than 5 million Americans have atrial fibrillation. Due to the popularity of cardiac devices and the growing demand for higher ECG monitors, Europe is likely to occupy the second-largest market share. Due to technological advancements and improvements in the healthcare industry as well as the rising incidence of cardiovascular diseases, the market in Asia Pacific is expected to expand at the highest CAGR.
By Type |
Wired Holter Monitors |
Wireless Holter Monitors |
|
Holter Analysis Systems & Software |
|
By Application |
Hospitals |
Clinics |
|
By Region |
North America |
Asia Pacific |
|
Europe |
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