Overview of Global ECG Patch and Holter Monitor Market Size, Share, and Growth Forecast for 2023-28
The report aims to provide a comprehensive perspective on the Global ECG Patch and Holter Monitor Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers regional estimates, forecasts, and trend analyses for various countries.
Report's Study Period:
- Historical period: 2018 – 2021
- Base Year: 2022
- Forecasting period: 2023 – 2028
Insights and Analysis of the Global ECG Patch and Holter Monitor Market for the Period 2023-2028:
The Global ECG Patch and Holter Monitor Market is estimated to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28. The rising prevalence of cardiovascular diseases, growing ambulatory services, and technological advancement in ECG monitoring devices are driving the growth of the Global ECG Patch and Holter Monitor Market. As the incidence of cardiovascular disease increases globally, owing to the increase in tobacco use, unhealthy diet obesity, physical inactivity, and harmful use of alcohol, the demand for diagnosis and monitoring devices for cardiac are impacted positively. For instance
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Global ECG Patch and Holter Monitor Market Dynamic:
Industry Driving Factor:
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 platformwith 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.
Segmentation Analysis of the ECG Patch and Holter Monitor Market for the Period 2023-2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We've broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market's structural expansion, offering a clear framework to understand how it has evolved.
- By Product
- ECG Patch
- Holter Monitor
- By Application
- Diagnostic
- Monitoring
- By Lead Type
- Patch Type-1 Lead
- 3-Lead
- 6-Lead
- 12-Lead
- Others (5-Lead, 7-Lead, etc.)
- By End-User
- Hospitals
- Ambulatory Facilities
- Homecare
- By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
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Leading Market Position in The ECG Patch and Holter Monitor Market
In analysing the ECG Patch and Holter Monitor Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
- 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.
- Others
This evaluation entails a detailed review of each company's product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
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ECG Patch and Holter Monitor Market Recent Development:
- In the year 2022, GE Healthcareand DeepCardio collaborated to develop AI-based ECG diagnosis technology and ECG data analysis program.
The ECG Patch and Holter Monitor Market Research Report for 2023-28 addresses several key questions:
- How will the growth rate of the ECG Patch and Holter Monitor market progress during the projected period?
- What market factors will serve as the foundation for shaping client and business strategies?
- Which factors are currently exerting influence, including increased demand and ongoing market advancements?
- Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
- Which company currently holds the leading market position?
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