PUBLISHER: Grand View Research | PRODUCT CODE: 1375953
PUBLISHER: Grand View Research | PRODUCT CODE: 1375953
The global holter monitor market size is expected to reach USD 3.05 billion by 2030, growing at a CAGR of 9.7%, according to a new report by Grand View Research, Inc.. The market growth is attributed to the increasing geriatric population, increasing prevalence of atrial fibrillation (AFib), and a rising incidence of cardiovascular diseases (CVD). In addition, the market is being driven by continuous technological advancements, increasing investments in early arrhythmia detection, developments in telemetry, and favorable regulatory policies.
According to the American Heart Association, in 2022, 19.1 million deaths were caused by CVD globally. Coronary Heart Disease (CHD) and stroke were the common CVDs affecting the global population. This increased the use of Holter monitors in hospitals & clinics and diagnostic centers. The increasing approvals for Holter monitors dedicated to ECG monitoring applications drive the market growth significantly. In June 2022, Nitto Denko Corporation announced a collaboration with Astellas Pharma Inc. and M. Heart Co., Ltd. to sell disposable EG Holter devices. The data collected by EG Holter will be analyzed by "MYHOLTER II," a holter analyzer software collaboratively developed by Astellas and M. Heart. MYHOLTER II utilizes an AI-based algorithm to analyze Holter ECG data.