Cardiac Holter Monitor Market Report

Market Insights

What is a cardiac holter monitor?

A cardiac holter monitor is said as battery-operated electrocardiography (ECG) device that helps in measuring and recording the heart’s activity for twenty-four to forty-eight hours. It consists of software, which interprets the recorded data and eventually helps the doctor in diagnosing if the heart is receiving enough oxygen and other diagnosing conditions associated with irregular cardiac rhythms like tachycardia, arrhythmia, and atrial fibrillation.

The Cardiac Holter Monitor market is projected to grow from USD 382.4 million in 2020 to USD 554.6 million by 2026 at a CAGR of over 6.5% during the forecast period.

Figure: Cardiac Holter Monitor Market Size, 2020-2026 (USD Million)

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Market Drivers

Rapid urbanization, rising consumption of fast food, hectic work schedules, and a surge in the prevalence of cardiac blockages and arrests have been witnessed across the globe, which is expected to bolster the product demand. In addition, government bodies in different countries are funding to increase awareness among individuals regarding different cardiovascular disorders, their prevention, and treatment. Also, a radical shift towards minimally invasive diagnostic tools and preventive healthcare devices further offers lucrative opportunities to the market players.

COVID-19 Impact on Cardiac Holter Monitor Market

The COVID-19 pandemic has moderately affected the cardiac holter monitor industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

Segments' Analysis

End-Use Trends

Based on end-use, the cardiac holter monitor market has been classified into hospitals and clinics, ambulatory surgical centers (ASCs), homecare, and others. Under these, the hospitals and clinics segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Hospitals are the first place where cardiac patients are brought in for diagnosis and treatment. A cardiac holter monitor is extensively used for measuring & recording the ECG waveform as well as the average heart rate of an adult patient, which further bolsters the segment growth.

Regional Trends

By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Growing occurrences of cardiac stroke, changing lifestyle of the people and prevalence of improved healthcare facilities, increasing healthcare spending, rise in awareness regarding cardiovascular diseases, and favorable reimbursement & insurance plans, augment the regional market growth during the forecast timeline.

COVID-19 Impact on Cardiac Holter Monitor Market

The COVID-19 pandemic has moderately affected the cardiac holter monitor industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global cardiac holter monitor market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

• What are the key trends in the cardiac holter monitor market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the cardiac holter monitor market? 
• What are the key strategies adopted by the major vendors to lead in the cardiac holter monitor market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the cardiac holter monitor market are-

• ScottCare (US)
• GE Healthcare (US)
• Spacelabs Healthcare (US)
• Fukuda (Japan)
• Nasiff (US)
• Philips (Netherlands)
• Biomedical Instruments (Germany)
• Schiller (Switzerland)
• BTL (US)
• LifeWatch (Switzerland)

Target Audience

Here is the list of the group of customers that the cardiac holter monitor market hopes to have the greatest opportunity to convert-

• Cardiac Holter Monitor companies
• Cardiac Holter Monitor distributors
• Medical companies
• Government organizations

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