The Global Market for Holter Monitoring Systems is Projected to Reach US$531.1 Million by 2024

Growing Incidence of Arrhythmias to Drive the Holter Monitoring Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Holter Monitoring Systems market. The global market for Holter Monitoring Systems is projected to reach US$531.1 million by 2024, driven by aging population, rising incidence of cardiovascular diseases, and growing preference for preventive care. 

Rising incidence of cardiovascular diseases such as arrhythmias are driving demand for devices and therapies used in their diagnosis and treatment. Resting ECG remains the gold standard system in diagnosing various cardiopathological events including arrhythmias, and remains the leading modality in the market for arrhythmia diagnosis. The inability of these stationed devices to diagnose arrhythmic events in the given time and growing tendency towards reducing healthcare costs are driving the market for ambulatory electrocardiography (AECG). Holter, a conventional form of AECG, is a compact device designed to measure and record electrical activity of a patient’s heart for 24 to 28 hours. The device detects silent ischemia and other abnormalities that can be stress-related or emotion-related, sleep related and spontaneous or random. Aging population, rising prevalence of cardiac disorders, continuing advancements in technology, and increasing shift towards preventive care are some of the factors driving growth in the market for Holter Monitoring Systems.

Holter Monitoring Systems market is relatively mature, price sensitive and highly competitive with technological advances being critical to market growth apart from increase in awareness and demographics. Growth in the market is also fueled by continued preference for Holter monitoring as the first line prescription for away-from-hospital monitoring despite availability of more advanced alternatives such as event loop monitoring and Mobile Cardiac Outpatient Telemetry (MCOT). Lower relative costs and established utility drive their usage, while lower comparative diagnostic yield, lesser recording time and inconvenience due to large size are major factors restraining market growth. Technological advances continue to remain a key market driver, with focus largely on improving device efficiency, ease of use and convenience. Technological improvements in Holter analysis systems are also contributing to overall market growth. 

As stated by the new market research report on Holter Monitoring Systems, the U.S. represents the largest market. Early foray, higher awareness, increasing incidence of arrhythmias and growing adoption alongside technological advancements are the major factors driving growth in the country. Asia-Pacific represents the fastest growing market worldwide, with a CAGR of 6.5% through the analysis period. Changing lifestyles, rising incidence of cardiovascular diseases, increasing awareness, improving healthcare infrastructure, growing healthcare spending and historical lower penetration are some of the factors driving growth in the market. By end-outlet, Large Hospitals represent the largest market while considerable growth opportunities exist in home and other settings.

Major players in the market include Braemar Manufacturing, LLC, Fukuda Denshi Co., Ltd., GE Healthcare UK Ltd., LivaNova PLC, Medicomp, Inc., Mortara Instrument, Inc., Philips Healthcare, Schiller AG, ScottCare Corporation and Spacelabs Healthcare Inc. among others.

The research report titled “Holter Monitoring Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Holter Monitoring Systems in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. End-outlets analyzed include large Hospitals, Mid-Sized Hospitals and Other Settings.

To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.