Global Wireless Holter Monitor Market Size, Trends & Analysis - Forecasts to 2026 By Type of Channel (1 Channel, 2 Channel, 3 Channel, and 12 Channel), By Component (Wireless Device [ePatch, and Portable Monitor], Associated Software/ App), By End User (Hospital & Clinics and Homecare Settings), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Wireless Holter Monitor Market Insights
A Bluetooth-connected, wireless-based Holter monitor is an innovative medical device that is designed to record the heart rhythm of patients for a preset amount of period. Being wireless and smart in function, this device then sends data automatically to the doctor's device or phone for conducting smooth real-time data management. Asmartphone app/softwareis involved to read, store and transfer data to another device. To monitor &capture rare and irregular heartbeats, doctors recommend wireless Holter monitor for remote patient monitoring. The duration for monitoring heartbeat using such devices can range from 24 hours to 7-8 days. A major advantage of using a wireless monitor is that doctors can read the data of its patient not only while being in the clinic or hospital but while moving, walking, running, sleeping, or carrying out different activities.
Hence, rising prevalence and incidence of atrial fibrillation, increasing geriatric patient population, high incidence of cardiovascular disorders witnessed in developing nations, rising demand for real-time bedside wearable monitors, and increasing awareness and need for lower false-positive results for pre and post-surgical plans by doctors will help the market grow rapidly.
The market has been witnessing the shift in the trend of adopting ambulatory monitoring devices rather than hospital-based monitoring devices for a limited period, technological advancements in the field of portable devices, increasing investments by market players and government for early detection of diseases, advancements made in telemetry, and favorable regulatory policies for the purchase of these devices. Such trends have boosted the market and will help grow exponentially from 2021-2026.
Wireless Holter Monitor Market: By Type of Channel
Depending upon the number of channels, the market for wireless Holter monitor is classified into 1 channel, 2 channel, 3 channel, and 12 channel monitors. The duration of monitoring the heart rhythm is directly proportional to the number of channels the monitor has. Hence, the 12 channel device will be the fastest-growing segment owing to the advantage of monitoring the heart rhythm for more than 48 hours.
Wireless Holter Monitor Market: By Component
Based on the component involved, the market can be segregated into a wireless device and associated software/ app. The wireless device is further segmented into ePatch, and portable monitor. The market for wireless devices will be seen growing faster than the software segment and will also be the largest market segment from 2021 to 2026. Rising demand for real-time wearable medical devices amongst the geriatric patient population, the segment will be seen dominant throughout the forecast period.
Wireless Holter Monitor Market: By End User
Based on the end-users or consumers for the product, the market can be explained in two forms, namely hospitals & clinics and home care settings. The market for home care settings will be growing faster and having the largest share in the market as compared to the hospital & clinics segment. High portability of the device and the need for continuous rhythm monitoring for more than 24 hours has helped the home care setting grow faster than the other one.
Wireless Holter Monitor Market: By Region
As per the regional analysis, the market report studies regions such as Asia Pacific, North America, Europe, CSA, and Middle East & Africa. Owing to the high awareness and purchasing power of patients, North America is estimated to be the dominant market segment. On the other hand, the segment of Asia Pacific is estimated to be growing the fastest owing to the increasing prevalence of CVDs and other heart-related disorders.
Wireless Holter Monitor Market Share and Competitor Analysis
Biomedical Instruments, Dimetek - Digital Medical Technologies, Labtech, Biodevices, Norav Medical, Oy Diagnostic Devices, Rencare, SCHILLER, CardioNet, NothEast Monitoring, Inc., iRhythm Technologies, Inc., BioTelemetry, Inc., Radiance Healthcare, POCKETECG, Hemodynamics Company, and WebCardioamong others are the top players of thewireless holtermonitor market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Wireless Holter Monitor Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Wireless Holter Monitor Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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