According to a new report published by Allied Market Research, titled, “Holter ECG Monitoring Market by Component, Lead Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global Holter ECG monitoring market size was valued at $320.81 million in 2020, and is projected to reach $696.67 million by 2030, registering a CAGR of 8.4% from 2021 to 2030.
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Heart-associated disorders is the leading cause of death globally. According to the data of World Health Organization (WHO), the estimated number of 17.9 million people died from CVDs in 2019, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Thus, combating the problem of increase in incidence of heart diseases has become the focus of the medical community over the years, which demands for continuous monitoring of heart rhythm, thus, attracting several manufacturers to introduce advanced Holter ECG monitors in the market.
The global Holter ECG Monitoring market is expected to experience significant growth during the forecast period, owing to rise in the geriatric population, increase in prevalence of heart stroke, surge in number of patients suffering from hypertension, and upsurge in prevalence of obesity. Moreover, technological advancements and growth in awareness about the feasible use of these devices are other factors that contribute toward the growth of the market. However, lack of trained professionals, inappropriate healthcare infrastructure, and unsteady reimbursement policies are expected to hinder the market growth.
On the basis of component, the global Holter monitoring market is classified into wired Holter monitors, wireless Holter monitors, and Holter analysis systems & software. The wired Holter monitors segment was the major contributor to the global market in 2020, and is anticipated to remain dominant during the forecast period, due to technological advancements in the Holter monitoring and increase in adoption of Holter analysis software and systems (with integrated software solutions), which enable the patients or physicians to upload ECG data through home computer or computers at local clinics.
On the basis of lead type, the global Holter ECG monitoring market is divided into patch type single lead Holter monitors, 3 lead Holter monitors, 6 lead Holter monitors, 12 lead Holter monitors, and others. The patch type single lead Holter monitors segment is expected to register the highest growth rate during the forecast period. However, the 12 lead Holter monitors segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to the fact that in-depth monitoring of heart activity of cardiac patients performed by 12 lead Holter ECGs has increased its utilization over the years.
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On the basis of end user, the global Holter ECG monitoring market is divided into hospitals & clinics, home settings & ambulatory surgical centers and others. The hospitals & clinics segment was the major contributor to the global market in 2020, and is anticipated to remain dominant during the forecast period, due to rise in adoptions of Holter monitoring devices, surge in advantages of Holter monitoring, and increase in numbers of hospitals & clinics.
The market report provides an in-depth analysis of the major market players such as BPL Medical Technologies, Fukuda Denshi Co Ltd., General Electric Company, Hill Rom Holdings, Inc., Koninklijke Philips N.V., Medtronic PLC, Mindray Medical International Limited, Nihon Kohden Corporation, OSI Systems, Inc., and Schiller AG
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