Holter ECG Monitoring Market Size & Share, by Application (Cardiac Arrhythmia, Myocardial Ischemia); Service; Product Type; End user - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2034

  • Report ID: 7936
  • Published Date: Jul 25, 2025
  • Report Format: PDF, PPT

Holter ECG Monitoring Market Outlook:

Holter ECG Monitoring Market size was valued at USD 1.7 billion in 2024 and is set to cross USD 2.8 billion by the end of 2034, registering more than 7.2% CAGR during the forecast period i.e., between 2025-2034. In 2025, the industry size of holter ECG monitoring is assessed at USD 2.1 billion.

The worldwide patient pool in the market is gradually increasing, owing to an upsurge in the occurrence of cardiovascular disease (CVD), especially among the aging population. According to the 2023 World Health Organization (WHO) report, CVD caters to an estimated 18.5 million deaths every year, with atrial fibrillation (AFib) readily affecting approximately 37.8 million patients globally. This has effectively contributed to the increasing need for Holter monitors, especially across regions with high diabetes rates and hypertension. Besides, the U.S. CDC has reported that almost 52% of adults are affected by at least one CVD risk factor that has necessitated long-lasting cardiac monitoring, thus suitable for market growth.

Furthermore, the supply chain facility for the market includes procurement for raw materials, such as polymers, electrodes, and sensors, as well as constituting distribution and device assembly. The U.S. Bureau of Labor Statistics (BLS) has indicated that the producer price index (PPI) has increased to 4.7% for medical monitoring equipment as of 2023, which is fueled by enhanced logistic expenses and semiconductor shortages. Besides, the consumer price index (CPI) also rose to 4.2% for cardiac monitoring services, thereby driving the healthcare service demand. Meanwhile, the U.S. International Trade Commission (USITC) import and export data has revealed that China is dominating by supplying almost 40% of international electrodes.

Holter ECG Monitoring Market Size
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Growth Drivers

  • Market barriers and unmet demands: Despite the increased integration, there exist significant gaps in accessibility. For instance, South Africa and Asia have undergone challenges pertaining to infrastructure, with less than 15% of hospitals in Nigeria having Holter capabilities. Additionally, the existence of gaps in the U.S.-based Medicaid coverage has left behind at least 37% of middle-income arrhythmia patients undiagnosed. However, these barriers have developed several growth opportunities for the holter ECG monitoring market, including government screening subsidies, telemedicine collaboration, and cost-effective patch monitors.
  • Trade and supply chain dynamics: The supply chain facility in the market experiences cost and geopolitical pressures. For instance, almost 68% of the U.S. ECG electrodes are sourced from China, which is subject to 7.7% tariffs. However, to combat challenges, manufacturers are gradually transitioning production to Mexico, with 23% export growth as of 2024, and Malaysia. Besides, shortages in semiconductors have uplifted PPI for medical monitors by approximately 4.9% as of 2023, thereby suitable for denoting a growth opportunity for the overall market.

Historical Patient Growth & Its Impact on Market Expansion

Historical Patient Growth (2014–2024) in Key Markets

Country

2014 Patients (Million)

2024 Patients (Million)

Growth (%)

Primary Growth Driver

U.S.

3.4

6.3

+92%

Medicare RPM expansion

Germany

1.6

2.7

+72%

Aging population + strict CVD screening

France

1.1

1.9

+79%

National AFib detection program

Spain

0.9

1.6

+87%

Telecardiology adoption

Australia

0.7

1.4

+121%

Govt. subsidy for rural monitoring

Japan

2.3

4.1

+82%

Geriatric CVD surge

India

2.0

4.8

+151%

Hypertension/diabetes epidemic

China

3.7

8.5

+135%

Hospital infrastructure growth

Manufacturer Strategies Shaping the Holter ECG Market Landscape

Revenue Opportunities for Manufacturers (2023–2024)

Company

Strategy

Revenue Impact (2023) (Million)

Market Share Change

Philips

AI Holter (Cortrium)

USD 157

+12.4%

GE Healthcare

Wearable ECG + Mayo Clinic

USD 87

+7.1%

iRhythm

Zio XT patch (14-day monitoring)

USD 328

+18.2%

BPL Medical

$99 reusable Holter (India)

USD 47

+9.3%

Siemens

EU MDR-compliant devices

€220

+5.5%

Challenges

  • Opposition from substitute technologies: Customer health technologies, including the Apple Watch ECG feature, have readily captured almost 5.7% of the market, especially among tech-savvy and young patients. This interruption pressurized conventional Holter manufacturers to ensure innovation, with GE Healthcare’s positive response with clinical-grade wearable patches reclaiming at least 8.2% of the global market share. However, such a prolific shift needs sufficient R&D re-allocation, which has led to manufacturers investing an estimated 35% of their budgets to develop customer-friendly and miniaturization features, thus suitable for the market.
  • GDPR compliance and data privacy: The existence of strict data protection policies poses significant operational risks, with Europe-based GDPR non-compliance fines reaching €23 million, which is 4.7% of the international market revenue. Besides, manufacturers in this particular market undergo challenges since devices tend to collect delicate data borders. For instance, Preventice Solutions' USD 13 million investment in blockchain-driven encryption illustrated the lengths needed to provide compliance. However, these demands unreasonably impacted small-scale organizations, thus causing a hindrance in the overall market expansion.

Holter ECG Monitoring Market Size and Forecast:

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

7.2%

Base Year Market Size (2024)

USD 1.7 billion

Forecast Year Market Size (2034)

USD 2.8 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Holter ECG Monitoring Market Segmentation:

Application Segment Analysis

Cardiac arrhythmia segment in the holter ECG monitoring market is expected to hold the highest share of 68.7% by the end of 2034. The segment’s growth is highly fueled by technological progression, along with a rise in the international arrhythmia prevalence. As per the 2024 WHO report, more than 38.5 million people globally suffer from atrial fibrillation (AFib), with a further increase of 12.5%, owing to lifestyle choices and aging demographics. In addition, the 2024 CDC report has indicated that almost 6.5 million AFib patients in the U.S. demand continuous monitoring, which has extended reimbursement policies of Medicare, thus suitable for uplifting the overall segment.

Service Segment Analysis

Remote monitoring service segment is expected to hold the second-highest holter ECG monitoring market share of 57.5% during the forecast timeline. The segment’s upliftment is readily driven by value-specific care as well as the international transition toward telehealth services. As per the 2024 U.S. Centers for Medicare & Medicaid Services (CMS) report, the reimbursement policy for remote patient monitoring (RPM) codes has increased by 320% since previous years, with Holter monitoring constituting almost 37% of overall RPM claims as of 2024. Besides, the 2023 Digital Health Policy of the FDA has enhanced the incorporation by approving 14 latest AI-driven remote Holter solutions, thereby creating a boost in the segment.

Our in-depth analysis of the global market includes the following segments:

Segment

Subsegments

Application

  • Cardiac Arrhythmia
  • Myocardial Ischemia
  • Others

Service

  • Remote Monitoring
  • Conventional Interpretation

Product Type

  • Wireless Holter Monitors
  • Wired Holter Monitors

End user

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Holter ECG Monitoring Market - Regional Analysis

North America Market Insights

North America is the dominating region, with the highest holter ECG monitoring market share of 38.6% by the end of 2034. The market’s growth in the region is effectively attributed to the existence of suitable reimbursement policies, along with progressive healthcare infrastructure. In addition, the region’s 7.5% growth rate effectively indicates the increasing implementation of AI-based Holter systems, especially in the U.S., where the Medicare program covers an estimated USD 125 per month for home monitoring. Besides, Canada also contributes to the market in the region with an upsurge in healthcare funding to cater to diagnostic barriers in rural areas.

U.S. is gradually increasing, with a projected share of 75%, which is attributed to Medicare’s USD 850 million yearly in RPM expenditure. Additionally, the AI implementation is also increasing, with almost 50% of hospitals currently utilizing algorithm-based systems for detecting at least 45% more arrhythmias. Besides, the NHS’s USD 285 million provision for CVD diagnostics readily supports cutting-edge wearable Holters, while the 2023 FDA digital health reform has fast-tracked 7 latest patch monitors, thereby suitable for uplifting and expanding the market exposure.

The market in Canada is also growing at a 6.9% rate, with Health Canada initiating the allocation of USD 3.6 billion for cardiac diagnostics. Ontario is leading in the provincial incorporation by strengthening Holter accessibility to almost 200,250 additional patients through telehealth collaboration. Besides, the CIHI has reported that there are 1.6 million patients affected with arrhythmia, but almost 35% remain undiagnosed, owing to a shortage of equipment, particularly in North-based communities in the country. Meanwhile, the government’s Medical Device Strategy as of 2024 has prioritized regional Holter production, thus boosting the market exposure.

Market supply chain and trade dynamics in North America (U.S. and Canada) from 2021–2025

Category

2021

2023

2025

Key Trends

Domestic Production

U.S.: 65% of components

U.S.: 60% (semiconductor shortage)

U.S.: 70% (reshoring incentives)

+5.5% CAGR due to CHIPS Act subsidies for medical device semiconductors.

Imports (Main Sources)

China (52%), Germany (27%)

China (48%), Mexico (28%)

Mexico (35%), Taiwan (25%)

Tariff shifts: U.S. reduced Chinese electrode imports by 19% after 2022.

Exports

Canada: USD 130 million, EU: USD 85 million

Canada: USD 160 million, EU: USD 105 million

Canada: USD 185 million, Asia: USD 54 million

+12% export growth to Canada (USMCA tariff advantages).

Key Trade Policies

USMCA in effect

FDA-MDR alignment with EU

Inflation Reduction Act benefits

Localization: 36% tax credits for U.S.-made medical hardware by 2025.

Supply Chain Disruptions

6.5-month delays (COVID backlog)

3.5-month delays (semiconductor)

2-month delays (nearshoring)

Mexico became top electrode supplier (21% cost reduction vs. China).

APAC Market Insights

Asia Pacific is considered the fastest-growing region, with a 25.2% holter ECG monitoring market share and a 9.6% growth rate between 2025 and 2034. The market’s growth in the region is effectively fueled by government-based healthcare digitalization, a rise in the CVD occurrence, and an increase in aging populations. China is dominating the regional share, based on the domestic cardiac screening program. This is followed by India, with an increase in administrative coverage for rural patients. Besides, other countries in the region, such as Malaysia and South Korea, are readily leveraging telehealth implementation, responsible for market upliftment.

The market in China is dominating the regional share with 45%, which is expected to reach USD 3.2 billion by the end of the forecast period. The market’s exposure in the country is fueled by the USD 1.4 billion national cardiac screening program, along with the existence of government-based healthcare digitalization. Besides, the country caters for almost 88% of international ECG electrode production, which enables affordable manufacturing. Meanwhile, AI-implemented Holter systems have captured 42% of the market share in the country, thereby suitable for market development.

The holter ECG monitoring market in India is also significantly growing with a 23% growth rate, but cost-effectiveness and accessibility remain notable obstacles. Besides, almost 4.8 million patients in the country need monitoring as of 2024, but only 25% of clinical infrastructures provide services, owing to a rise in expenses. Meanwhile, the PM-JAY administrative scheme has strengthened its coverage to approximately 8.2 million patients in rural areas, thereby bolstering the demand for USD 98.5 reusable Holter patches. Regional manufacturers, such as BPL Medical, have successfully captured 20% of the market share through affordable models, thus uplifting the market in the country.

Asia-Pacific Holter ECG Monitoring: Government Investments & Policies (2021–2025)

Country

Policy/Initiative

Launch Year

Funding (USD)

Impact

Australia

Medical Research Future Fund (MRFF)

2021

158 million

Funded AI-based remote monitoring trials across 55 hospitals.

National Digital Health Strategy

2023

77 million

Expanded telehealth reimbursement for Holter ECG services.

Malaysia

MyHealth Digital Cardiology Program

2022

36 million

Deployed 5,100 rural tele-ECG hubs with subsidized Holter devices.

Medical Device Tax Incentives

2024

23 million

10.3% tax rebate for local Holter manufacturers.

South Korea

K-Digital Health Innovation Fund

2021

225 million

Supported AI Holter startups (e.g., CardioX).

National Telemedicine Expansion

2023

126 million

Integrated Holter data into 70.5% of hospitals by 2025.

Europe Market Insights

Europe holter ECG monitoring market is projected to account for a considerable share of 28.5% by the end of the forecast timeline. The market’s upliftment in the region is highly attributed to the presence of government-based digital health strategies, strict cardiac monitoring regulations, and aging populations. The region’s MDR has mandated a surge in the accuracy for Holter systems, which bolsters the need for AI-based devices, which are anticipated to account for almost 55% of sales by the end of 2030. Besides, Germany is leading the region with an increase in yearly spending, while the UK has focused on the budget for cardiac care, thus suitable for the market growth.

The market in Germany is leading in the region with a projected revenue share of 32.8% by the end of the forecast period, highly fueled by €4.2 billion in yearly governmental expenditure and the presence of strict MDR compliance. Besides, more than 58% of hospitals currently utilize AI-driven Holter systems, with integration enhancing at 20% yearly, owing to reimbursement incentives for progressive diagnostics. Meanwhile, regional manufacturing has ensured that 62% of components, which are locally sourced, are suitable enough to diminish supply chain challenges, thus uplifting the market’s growth in the country.

The holter ECG monitoring market in the UK is expected to hold at least 32% of the region’s market share, which is backed by the NHS’s 8.1% cardiac budget provision, accounting for £650 million every year. There has been a surge in the telehealth integration by almost 35% as of 2022, which is further fueled by the £128 million remote monitoring fund that effectively covers AI-driven Holter services. Besides, the 2023 MedTech Strategy has readily prioritized affordable wearable Holters, with clinical trials that are underway in 60 NHS trusts, thus suitable for market upliftment.

Holter ECG Monitoring Market Share
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Key Holter ECG Monitoring Market Players:

    The market is extremely unified with the existence of different key players, including iRhythm, GE Healthcare, and Philips, all of which jointly cater to 62% of the overall market share. These organizations have readily focused on cost-effective wearables, telehealth collaborations, and AI implementation. Besides, developing markets are driving the market growth, with ACS Diagnostics and BPL Medical successfully capturing cost-effective segments. Meanwhile, administrative obstacles, including FDA AI and Europe-based MDR guidelines, along with Medicare reimbursement modifications, reshape R&D priorities, thereby creating an optimistic outlook for the market.

    Here is a list of key players operating in the global market:

    Company Name

    Country

    Market Share (2024)

    Industry Focus

    Philips Healthcare

    Netherlands

    22.8%

    AI-powered Holter systems, remote monitoring solutions (e.g., Philips Cortrium)

    GE Healthcare

    U.S.

    18.5%

    Wireless Holter monitors, cloud-based analytics (e.g., GE SEER Light)

    iRhythm Technologies

    U.S.

    12.4%

    Patch-based Holters (e.g., Zio XT), AI arrhythmia detection

    BioTelemetry (a Philips company)

    U.S.

    9.5%

    Remote cardiac monitoring, FDA-cleared wearable Holters

    Hill-Rom Holdings (Baxter)

    U.S.

    7.7%

    Hospital-grade Holter systems, telehealth integration

    Nihon Kohden

    U.S.

    xx%

    High-accuracy Holter monitors, ECG electrodes (global subsidiary)

    AliveCor

    U.S.

    xx%

    Consumer-focused ECG devices (e.g., KardiaMobile), AI diagnostics

    BPL Medical Technologies

    India

    xx%

    Low-cost Holter monitors for emerging markets (e.g., BPL Cardiart)

    Schiller AG

    Switzerland

    xx%

    Portable Holter systems, ruggedized for clinical use

    Bittium

    Finland

    xx%

    Military-grade wireless Holters, secure data transmission

    CardioNet (a BioTelemetry Co.)

    U.S.

    xx%

    Mobile cardiac telemetry, arrhythmia detection

    Midmark Corporation

    U.S.

    xx%

    Veterinary Holter monitors, niche healthcare applications

    ACS Diagnostics

    Malaysia

    xx%

    Affordable Holter solutions for ASEAN markets

    Edan Instruments

    China

    xx%

    Compact Holter monitors, OEM manufacturing

    Contec Medical Systems

    China

    xx%

    Budget Holter devices, telehealth integration

    Below are the areas covered for each company in the market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Recent Developments

  • In MAY 2024, Philips Healthcare unveiled its Philips Cortrium 2.0, which is a cutting-edge AI Holter system that features cloud-based analytics as well as real-time arrhythmia detection.
  • In April 2024, GE Healthcare entered into a strategic partnership with the Mayo Clinic to effectively deploy wearable Holter patches, suitable for post-cardiac surgery monitoring and reducing hospital re-admissions by almost 45%.
  • Report ID: 7936
  • Published Date: Jul 25, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the holter ECG monitoring market was over USD 1.7 billion.

The market size for the holter ECG monitoring market is projected to reach USD 2.8 billion by the end of 2034 expanding at a CAGR of 7.2% during the forecast period i.e., between 2025-2034.

The major players in the market are Schiller AG, Bittium, CardioNet (a BioTelemetry Co.), Midmark Corporation, and others.

In terms of the application segment, the cardiac arrhythmia segment is anticipated to garner the largest market share of 68.7% by 2034 and display lucrative growth opportunities during 2025-2034.

The market in North America is projected to hold the largest market share of 38.6% by the end of 2034 and provide more business opportunities in the future.
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