Press release
Global ECG Patch and Holter Monitor Market Outlook 2024
ECG Patch and Holter Monitor Market Outlook
The new report published by The Business Research Company, titled ECG Patch And Holter Monitor Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the ECG patch and holter monitor market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The ECG patch and holter monitor market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%.
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What Is Driving The Growth Of The Global ECG Patch And Holter Monitor Market?
Rising Cardiovascular Disorders Fuel Growth In ECG Patch And Holter Monitor Market
The rising incidence of cardiovascular disorders is expected to propel the growth of the ECG patch and holter monitor market going forward. Cardiovascular disorders are a group of diseases that affect the heart and blood vessels, including conditions such as coronary artery disease, heart failure, arrhythmias, and hypertension, which can lead to serious health complications like heart attacks, strokes, and other cardiovascular events. The rate of cardiovascular disorders is rising due to the increasing prevalence of risk factors such as sedentary lifestyles, poor diets, obesity, and aging populations. ECG patches and Holter monitors are used in cardiovascular disorders for continuous heart rhythm monitoring to detect and diagnose arrhythmias and other cardiac abnormalities. For instance, in January 2024, according to the American Heart Association, a US-based nonprofit organization, there was a slight increase in the total number of deaths in the cardiovascular sector this year, reaching 931,578, a marginal rise of 3,000 fatalities compared to the previous year's figure of 928,741. Therefore, the rising incidence of cardiovascular disorders is driving the growth of the ECG patch and holter monitor market.
What Is The Key Trend In The Global ECG Patch And Holter Monitor Market?
Advancements In AI-enabled ECG Patches Propel Market Leadership In Cardiac Monitoring
Major companies operating in the ECG patch and holter monitor market are increasing their focus on developing advanced sensors, such as artificial intelligence (AI)-enabled ECG patches, to sustain their position in the market. Artificial intelligence (AI)-enabled ECG patches are advanced wearable devices that combine electrocardiogram technology with artificial intelligence. They continuously monitor heart rhythms, analyze data in real-time, and provide precise and early detection of cardiac abnormalities, enhancing the accuracy and efficiency of cardiovascular care. For instance, in August 2022, SmartCardia SA, a Switzerland-based medical device company, launched its innovative 7L Cardiac Monitoring Patch. This state-of-the-art device is designed to revolutionize patient monitoring in cardiology. The advanced patch combines medical wearable technology with artificial intelligence to deliver predictive and personalized health insights through remote monitoring. The 7L patch, which has received CE Class IIa certification, utilizes a sophisticated AI platform developed from millions of ECG segments interpreted by cardiologists and certified technicians, enabling real-time detection of critical arrhythmia events with cardiologist-level accuracy.
How Is The Global ECG Patch And Holter Monitor Market Segmented?
The ECG patch and holter monitor market covered in this report is segmented -
1) By Product: Electrocardiogram (ECG) Patch, Holter Monitors
2) By Applications: Diagnostics, Monitoring
3) By End-User: Hospitals And Clinics, Ambulatory Facilities, Other End Users
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How Is The Competitive Landscape Of The Global ECG Patch And Holter Monitor Market?
Major companies operating in the ECG patch and holter monitor market are Medtronic plc, Philips Healthcare, GE HealthCare Technologies Inc., ZOLL Medical Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Hill-Rom Holdings Inc., Nihon Kohden Corporation, Fukuda Denshi Co Ltd., Verily Life Sciences LLC, iRhythm Technologies Inc., CardioNet Inc., BPL Medical Technologies Private Limited, LifeWatch AG, AliveCor Inc., QardioI Inc., Applied Cardiac Systems(ACS) Diagnostics Inc., Bardy Diagnostics Inc., Cardiac Insight Inc., Tenovi Health, MediBioSense Ltd., Cardiologs Technologies SAS, Shimmer Sensing, Comarch Healthcare
Contents Of The Global ECG Patch And Holter Monitor Market
1. Executive Summary
2. ECG Patch And Holter Monitor Market Report Structure
3. ECG Patch And Holter Monitor Market Trends And Strategies
4. ECG Patch And Holter Monitor Market - Macro Economic Scenario
5. ECG Patch And Holter Monitor Market Size And Growth
…..
27. ECG Patch And Holter Monitor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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