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Holter ECG Market Size

  • Report ID: GMI5656
  • Published Date: May 2023
  • Report Format: PDF

Holter ECG Market Size

Holter ECG market size was valued at around USD 1.3 billion in 2022 and is projected to register over 10.7% CAGR between 2023 to 2032. This is primarily attributed to several variables comprising the growing prevalence of cardiac ailments and the rise in demand for Holter monitors.

 

In developing nations, the prevalence of cardiac diseases is highest due to socioeconomic status and people living a sedentary lifestyle. This increasing prevalence of heart disease is anticipated to drive market size. Cardiovascular disease is the leading cause of death globally that in turn leads to the increasing demand for wearable cardiac monitoring devices in hospitals and ambulatory surgical centers. Additionally, the severe health concerns associated with cardiovascular diseases are anticipated to stimulate the demand for testing.
 

A Holter ECG monitor is a small, wearable device that records the heart's rhythm. It's used to detect or determine the risk of irregular heartbeats (arrhythmias). It records the electrical activity of the heart continuously over 24 hours or longer remotely. Electrodes (small, plastic patches that stick to the skin) are placed at certain points on the chest and abdomen. The electrodes are connected to an ECG machine by wires. Then, the electrical activity of the heart can be measured, recorded, and printed.
 

However, the stringent regulatory framework related to Holter ECG devices may hamper the market revenue. The U.S. FDA has rigid regulatory compliances and complex approval procedures that may obstruct the market progress. The majority of Holter ECG monitors need a premarket notification, or 510(k) process prior to their commercialization in the market. Such stringent product regulations may lead to penalties and loss of market access in a global marketplace.

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for Holter ECG was over USD 1.3 billion in 2022 and will reach over USD 35 billion by the end of 2032.

The continuous monitors segment was more than USD 846 million in 2022 primarily attributed to significant technological advancements and an increase in the awareness of benefits related to its use.

North America Holter ECG market will reach more than USD 1.4 billion by 2032 due to the presence of major industry players and a growing number of hospital admissions across the country.

AliveCor, Inc., Bardy Diagnostics, Inc., BPL Medical Technologies, Cardiac Insight Inc., Fukuda Denshi Co Ltd., and GE Healthcare among others.

Holter ECG Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 433
  • Countries covered: 30
  • Pages: 180
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