MarkNtel Advisors recently published a detailed industry analysis of the Global ECG Patch and Holter Monitor Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global ECG Patch and Holter Monitor Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The ECG Patch and Holter Monitor Market is valued at around USD 1.8 billion in 2024is estimated to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28.
What are the major Driver the Global ECG Patch and Holter Monitor industry?
Rising Cardiac Arrhythmia Cases Drive Demand for ECG Patch and Holter Monitor Market– The increasing global incidence of cardiac arrhythmia is widely contributing to the growing demand for ECG patches and Holter monitors. Lifestyle factors such as sedentary behavior, tobacco use, high blood pressure, and stress have been identified as key contributors to the rising incidence of arrhythmia among patients. For instance, according to the Centers for Disease Control and Prevention (CDC) in 2019, there were approximately 454,000 reported cases of arrhythmia, resulting in 158,000 deaths. Moreover, it is projected that the number of atrial fibrillation cases in the United States alone would reach around 12.1 million by 2030, with the surging consumption of tobacco, alcohol and caffeine among working adults.
In response to the increasing prevalence of arrhythmia, pharmaceutical companies like Smart Cardia and iRhythm Technologies have been introducing new and innovative drug therapies for atrial fibrillation treatment. For instance,
- In 2022, Smart Cardia launched a 7-Lead ECG Patch for Cardiology and Remote Patient Monitoring platform with a real-time dashboard to view full-disclosure ECG data, & enable the early detection of patient conditions and deterioration.
Thus, with the continuous boom in patients diagnosed with cardiac arrhythmia cases, and growing availability of advanced monitoring devices to track patient’s health on real time, the demand for ECG Patch and Holter monitor is anticipated to continue to boom in coming years.
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What segments define the Global ECG Patch and Holter Monitor Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Product
- ECG Patch- Market Size & Forecast 2018-2028, (USD Million)
- Holter Monitor- Market Size & Forecast 2018-2028, (USD Million)
According to report, ECG patches have established a dominant position in the market, mainly due to their numerous advantages over Holter monitors.
By Application
- Diagnostic- Market Size & Forecast 2018-2028, (USD Million)
- Monitoring- Market Size & Forecast 2018-2028, (USD Million)
According to report, The diagnostic segment involves the use of ECG patches and Holter monitors for the initial detection and diagnosis of cardiac abnormalities and arrhythmias.
By Lead Type
- Patch Type-1 Lead- Market Size & Forecast 2018-2028, (USD Million)
- 3-Lead- Market Size & Forecast 2018-2028, (USD Million)
- 6-Lead- Market Size & Forecast 2018-2028, (USD Million)
- 12-Lead- Market Size & Forecast 2018-2028, (USD Million)
- Others (5-Lead, 7-Lead, etc.) – Market Size & Forecast 2018-2028, (USD Million)
By End-User
- Hospitals – Market Size & Forecast 2018-2028, (USD Million)
- Ambulatory Facilities – Market Size & Forecast 2018-2028, (USD Million)
- Homecare – Market Size & Forecast 2018-2028, (USD Million)
Explore the Complete Global ECG Patch and Holter Monitor Market Analysis Report –
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Geographical Analysis: Global ECG Patch and Holter Monitor Market
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of World
Global ECG Patch and Holter Monitor Market Share & Competitive Landscape:
The ECG Patch and Holter Monitor Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global ECG Patch and Holter Monitor Market are:
- GE Healthcare
- Philips
- Hillrom Services Inc. (Baxter)
- iRhythm Technologies, Inc
- Spacelabs Healthcare (OSI systems)
- Fukuda Denshi Inc.
- Cardiac Insight Inc.
- Vital Connect
- R.A. Fernando School Of Healthcare Technology Inc.
- Bardy Diagnostics Inc.
- Shiller AG
- BPL Medical Technologies
- Smart Cardia Inc.
- Bittium
- ViVa Link Inc.
Global ECG Patch and Holter Monitor Industry Recent Development:
- In the year 2022, GE Healthcare and DeepCardio collaborated to develop AI-based ECG diagnosis technology and ECG data analysis program.
- In the year 2022, Philipsintroduces First At-Home, 12-Lead ECG Integrated Solution for decentralized clinical trials to improve patient retention by reducing need for site visits during clinical trials.
Questions Addressed in this Study
1.What factors are driving the Global ECG Patch and Holter Monitor Market growth?
2.How is the Global ECG Patch and Holter Monitor Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global ECG Patch and Holter Monitor Market?
4.What is the current size of the Global ECG Patch and Holter Monitor Market, and how is it projected to change in the future?
6.What is the future outlook for the Global ECG Patch and Holter Monitor Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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