Holter Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America & Middle East & Africa)

Description

The global Holter Monitoring Systems Market is on track for substantial growth, with 2024 revenues reaching approximately US$ 1.06 billion. The market is projected to achieve a valuation of US$ 1.5 billion by the close of 2031.

Key Drivers of Global Market Growth

Increasing Cases of Atrial Fibrillation (AFib): The growing prevalence of arrhythmia, particularly atrial fibrillation (AFib), is a significant driving force behind the market's future expansion. By 2030, it is estimated that more than 12 million individuals will experience AFib, necessitating cardiac arrhythmia monitoring devices for early detection and diagnosis. The rising number of AFib patients is expected to fuel the demand for devices like Holter monitoring systems.

Prevalence of Obesity in Developing Economies: Obesity is associated with a higher risk of cardiovascular disorders due to increased blood pressure caused by the body's need for more blood flow to supply oxygen and nutrients. Developing economies, especially in urban areas, are witnessing a surge in obesity rates. The resulting cardiovascular complications create lucrative opportunities for the market as the demand for cardiac monitoring devices, including Holter monitoring systems, is expected to rise.

Government-Funded Healthcare Facilities for CVD Treatment: Government healthcare programs aimed at early detection of cardiovascular diseases (CVD) are anticipated to boost research and development efforts for advanced Holter monitoring systems. These programs also improve access to healthcare through free medical diagnostics, fostering market growth.

Challenges Impacting Market Growth

Low Reimbursement Policies: In some countries, limited insurance coverage exists for Holter/Event monitoring procedures, leading to reduced medical insurance coverage for patients. Diminished reimbursement rates for Holter monitoring, especially in the U.S., pose challenges and result in a lower return on investment in terms of time and technology.

Lack of Skilled Professionals: The expertise required for data interpretation in emerging nations remains limited, hampering the adoption of new Holter monitoring systems. While modern systems allow remote data analysis by medical professionals, the shortage of skilled experts hinders the transition to advanced technology in developing nations.

Country-wise Insights

United States: Booming Market

The U.S. market for Holter monitoring systems is thriving due to the increasing prevalence of AFib, an aging population, technological advancements, patients' preference for Holter monitoring systems, the introduction of portable monitoring devices, and strategic partnerships among manufacturers.

Germany: Lucrative Opportunities

Germany is expected to offer lucrative opportunities as tobacco consumption and smoking, poor dietary habits, and lack of physical activity continue to contribute to a higher incidence of cardiovascular diseases. These factors drive the demand for Holter monitoring systems in the country.

Japan: Emerging Prominence

Japan's market is poised for significant growth due to an expanding aging population, a rising incidence of cardiovascular disorders, increased disposable income, and a well-developed healthcare infrastructure.

Competitive Landscape

Competition in the Holter monitoring systems industry is fierce, with major market players forming strategic alliances, expanding their regional presence, and launching new products to increase market penetration. The long-term expansion objectives in emerging markets hinge on mergers and acquisitions with local players.

Key Companies Profiled

Medtronic Plc
Nissha Medical Technologies (NMT)
Hill-Rom
iRhythm Technologies, Inc.
Nihon Kohden Corporation
Koninklijke Philips N.V.
GE Healthcare
Fukuda Denshi Co., Ltd.
Spacelabs Healthcare
AliveCor, Inc.
Cardiac Insight Inc.
VitalConnect
LifeSignals, Inc.
Bardy Diagnostics, Inc.
Nasiff Associates, Inc.
Midmark Corporation
Lief Therapeutics, Inc.
Schiller AG

Key Segments Covered in Holter Monitoring Systems Industry Research

Product:

Holter Monitoring Devices
Event Monitoring Devices
Softwares

End User:

Hospitals
Diagnostic Centers
Clinics
Ambulatory Surgical Centers

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

1. Executive Summary

1.1. Global Holter Monitoring Systems Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume and Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. Pestle Analysis

3. Product Production Output and Trade Statistics, 2018 - 2023

3.1. Global Holter Monitoring Systems Market Production Output, by Region, Value (US$ Bn) and Volume (Million Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Product/ Material, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Holter Monitoring Systems Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit, 2018 - 2023

5. Global Holter Monitoring Systems Market Outlook, 2018 - 2031

5.1. Global Holter Monitoring Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Holter Monitoring Devices
  - 5.1.1.2. Event Monitoring Devices
  - 5.1.1.3. Softwares
5.2. Global Holter Monitoring Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospitals
  - 5.2.1.2. Diagnostic Centers
  - 5.2.1.3. Clinics
  - 5.2.1.4. Ambulatory Surgical Centers
5.3. Global Holter Monitoring Systems Market Outlook, by Region, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Holter Monitoring Systems Market Outlook, 2018 - 2031

6.1. North America Holter Monitoring Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Holter Monitoring Devices
  - 6.1.1.2. Event Monitoring Devices
  - 6.1.1.3. Softwares
6.2. North America Holter Monitoring Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospitals
  - 6.2.1.2. Diagnostic Centers
  - 6.2.1.3. Clinics
  - 6.2.1.4. Ambulatory Surgical Centers
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Holter Monitoring Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.2. U.S. Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.3. Canada Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 6.3.1.4. Canada Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Holter Monitoring Systems Market Outlook, 2018 - 2031

7.1. Europe Holter Monitoring Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Holter Monitoring Devices
  - 7.1.1.2. Event Monitoring Devices
  - 7.1.1.3. Softwares
7.2. Europe Holter Monitoring Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Hospitals
  - 7.2.1.2. Diagnostic Centers
  - 7.2.1.3. Clinics
  - 7.2.1.4. Ambulatory Surgical Centers
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Holter Monitoring Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.2. Germany Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.3. U.K. Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.4. U.K. Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.5. France Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.6. France Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.7. Italy Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.8. Italy Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.9. Turkey Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.10. Turkey Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.11. Russia Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.12. Russia Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.13. Rest Of Europe Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 7.3.1.14. Rest Of Europe Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Holter Monitoring Systems Market Outlook, 2018 - 2031

8.1. Asia Pacific Holter Monitoring Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Holter Monitoring Devices
  - 8.1.1.2. Event Monitoring Devices
  - 8.1.1.3. Softwares
8.2. Asia Pacific Holter Monitoring Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospitals
  - 8.2.1.2. Diagnostic Centers
  - 8.2.1.3. Clinics
  - 8.2.1.4. Ambulatory Surgical Centers
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Holter Monitoring Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.2. China Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.3. Japan Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.4. Japan Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.5. South Korea Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.6. South Korea Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.7. India Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.8. India Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.11. Rest Of Asia Pacific Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 8.3.1.12. Rest Of Asia Pacific Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Holter Monitoring Systems Market Outlook, 2018 - 2031

9.1. Latin America Holter Monitoring Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Holter Monitoring Devices
  - 9.1.1.2. Event Monitoring Devices
  - 9.1.1.3. Softwares
9.2. Latin America Holter Monitoring Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Hospitals
  - 9.2.1.2. Diagnostic Centers
  - 9.2.1.3. Clinics
  - 9.2.1.4. Ambulatory Surgical Centers
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Holter Monitoring Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.2. Brazil Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.3. Mexico Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.4. Mexico Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.5. Argentina Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.6. Argentina Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.7. Rest Of Latin America Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 9.3.1.8. Rest Of Latin America Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Holter Monitoring Systems Market Outlook, 2018 - 2031

10.1. Middle East & Africa Holter Monitoring Systems Market Outlook, by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Holter Monitoring Devices
  - 10.1.1.2. Event Monitoring Devices
  - 10.1.1.3. Softwares
10.2. Middle East & Africa Holter Monitoring Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Hospitals
  - 10.2.1.2. Diagnostic Centers
  - 10.2.1.3. Clinics
  - 10.2.1.4. Ambulatory Surgical Centers
10.3. Middle East & Africa Holter Monitoring Systems Market Outlook, by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. Plastic
  - 10.3.1.2. Paper
  - 10.3.1.3. Foil
  - 10.3.1.4. Others
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
10.4. Middle East & Africa Holter Monitoring Systems Market Outlook, by Country, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.2. GCC Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.3. South Africa Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.4. South Africa Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.5. Egypt Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.6. Egypt Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.7. Nigeria Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.8. Nigeria Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.9. Rest Of Middle East & Africa Holter Monitoring Systems Market by Product, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
  - 10.4.1.10. Rest Of Middle East & Africa Holter Monitoring Systems Market by End User, Value (US$ Bn) and Volume (Million Units), 2018 - 2031
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By Application Vs by End User Heat Map
11.2. Manufacturer Vs by End User Heatmap
11.3. Company Market Share Analysis, 2023
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. Medtronic Plc
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Nissha Medical Technologies (NMT)
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. Hill-Rom
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. iRhythm Technologies, Inc.
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. Nihon Kohden Corporation
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. Koninklijke Philips N.V.
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. Fukuda Denshi Co., Ltd.
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. Spacelabs Healthcare
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Financial Overview
  - 11.5.8.4. Business Strategies and Development
- 11.5.9. AliveCor, Inc.
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. Cardiac Insight Inc.
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Financial Overview
  - 11.5.10.4. Business Strategies and Development
- 11.5.11. VitalConnect
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development
- 11.5.12. LifeSignals, Inc.
  - 11.5.12.1. Company Overview
  - 11.5.12.2. Product Portfolio
  - 11.5.12.3. Financial Overview
  - 11.5.12.4. Business Strategies and Development
- 11.5.13. Bardy Diagnostics, Inc.
  - 11.5.13.1. Company Overview
  - 11.5.13.2. Product Portfolio
  - 11.5.13.3. Financial Overview
  - 11.5.13.4. Business Strategies and Development
- 11.5.14. Nasiff Associates, Inc.
  - 11.5.14.1. Company Overview
  - 11.5.14.2. Product Portfolio
  - 11.5.14.3. Financial Overview
  - 11.5.14.4. Business Strategies and Development
- 11.5.15. Midmark Corporation
  - 11.5.15.1. Company Overview
  - 11.5.15.2. Product Portfolio
  - 11.5.15.3. Financial Overview
  - 11.5.15.4. Business Strategies and Development
- 11.5.16. Lief Therapeutics, Inc.
  - 11.5.16.1. Company Overview
  - 11.5.16.2. Product Portfolio
  - 11.5.16.3. Financial Overview
  - 11.5.16.4. Business Strategies and Development
- 11.5.17. Schiller AG
  - 11.5.17.1. Company Overview
  - 11.5.17.2. Product Portfolio
  - 11.5.17.3. Financial Overview
  - 11.5.17.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms And Abbreviations