Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 448.8 Million | USD 936.7 Million | 8.64% | 2023 |
The global holter monitoring systems market size was worth around USD 448.8 million in 2023 and is predicted to grow to around USD 936.7 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.64% between 2024 and 2032. The report offers an assessment and analysis of the Holter Monitoring Systems market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data.
Holter Monitoring Systems Market: Introduction
Holter monitor is a movable ECG equipment that is worn by patients to record heart activities constantly for a particular timespan. Patients having irregular heartbeats require constant monitoring for an elongated timespan. Holter monitoring systems can record data for a long duration and assist in the transfer of data to physicians for further assessment.
Moreover, it is a kind of ambulatory electrocardiography equipment that helps in monitoring cardiac activity for nearly twenty-four to seventy-two hours. Furthermore, its extended recording timespan is used for the observation of cardiac arrhythmias.
Holter Monitoring Systems Market: Growth Dynamics
Escalating the aging populace which is highly prone to cardiovascular ailments will proliferate the market demand over the estimated timespan. In addition to this, the growing focus on preventive care over effective treatment will create lucrative growth avenues for the holter monitoring systems industry over the anticipated timeline. Furthermore, massive demand for the product in hospitals, diagnostic centers, clinics, and ambulatory surgical units will steer the expansion of holter monitoring systems market over the ensuing years.
Moreover, holter monitoring systems are non-invasive tools and are safe to use as well as effective for monitoring patient heart beats and this will further elevate the market trends. Nonetheless, a lack of skilled persons for handling Holter monitoring systems can retard the progression of the holter monitoring systems market over the next couple of years. However, an increase in the popularity of digitized holter monitor systems among doctors will create lucrative growth avenues for the market shortly and this will also nullify the effect of hindrances on the market growth over 2024-2032.
Report Attributes | Report Details |
---|---|
Report Name | Holter Monitoring Systems Market |
Market Size in 2023 | USD 448.8 Million |
Market Forecast in 2032 | USD 936.7 Million |
Growth Rate | CAGR of 8.64% |
Number of Pages | 238 |
Key Companies Covered | Bio-Medical Electronics Co., Koninklijke Philips N.V., Nihon Kohden Corporation, General Electric Company, Midmark Corp., BPL Medical Technologies, Shenzhen Mindray Ltd., Schiller, Fukuda Denshi, Hill-Rom Services Inc., Medtronic, and others. |
Segments Covered | By ProductType, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market To Witness A Lucrative Surge Over Forecast Timeline
The growth of the market in North America over the estimated timespan is due to a rise in the frequency of heart ailments in countries like the U.S. and access to advanced healthcare amenities in the region. The thriving healthcare sector leading to the acceptance of advanced medical equipment will boost the regional market trends.
The global holter monitoring systems market is dominated by players like:
The global Holter monitoring systems market is segmented as follows:
By Product Type Segment Analysis
By End-User Segment Analysis
By Regional Segment Analysis
FrequentlyAsked Questions
Holter monitors are portable electrocardiogram (ECG) devices. They record your heart's electrical activity for 24 to 48 hours while you go about your daily routine. This helps doctors diagnose heart rhythm problems you might not experience during a standard ECG in their office.
According to a study, the global holter monitoring systems market size was worth around USD 448.8 million in 2023 and is expected to reach USD 936.7 million by 2032.
The global holter monitoring systems market is expected to grow at a CAGR of 8.64% during the forecast period.
North America is expected to dominate the holter monitoring systems market over the forecast period.
Leading players in the global holter monitoring systems market include Bio-Medical Electronics Co., Koninklijke Philips N.V., Nihon Kohden Corporation, General Electric Company, Midmark Corp., BPL Medical Technologies, Shenzhen Mindray Ltd., Schiller, Fukuda Denshi, Hill-Rom Services Inc., and Medtronic, among others.
The holter monitoring systems market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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