ECG Sensor Patch Market to grow at a Booming CAGR of 25.4% by 2028 | Top Players: Abbott, Dexcom, Hocoma, iRhythm Technologies among Others

ECG Sensor Patch Market is anticipated to reach USD 12.1 billion in 2018 at a CAGR of 25.4% during the forecast period. The demand for the ECG sensor patch has been increasing with the increase of cardiac patients across various age groups and changing lifestyles. The global market for ECG patch sensors is likely to gain traction from the growing popularity of such wearable devices.

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A recent report on the ECG sensor patch market published by QMI is a thorough evaluation of the most significant market dynamics. After thorough research of both historical and current growth parameters of the ECG Sensor Patch Market, business growth forecasts are obtained with utmost precision. During the forecast period, the study identifies specific and important factors that affect the ECG Sensor Patch market. It can help manufacturers to adjust their production and marketing strategies so that maximum growth is envisioned.

The ECG sensor patch market has been segmented on the basis of product type, application and end user. In the healthcare industry, diagnostic use of the ECG sensor patch is now acknowledged as the current and historical data collected by sensor patches assist clinicians with accurate diagnostics of atrial fibrillation.

Key Developments in ECG Sensor Patch Market:

o In September 2017, Cardiac Insight, Inc. raised funding through various organizations USD 4.5 Mn to bolster the production, sales, and distribution of wearable ECG heartbeat sensor - Cardea SOLO device.
o In 2017, Stanford University and Kenzen received funding of USD 5 million to develop, support, and market ECHO smart patch wearable technology that uses sweat to measure vital signs to predict and prevent avoidable injuries and illness in athletes.

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Insights about regional distribution of market:

For the ECG sensor patch market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions in the market.
Due to the growing prevalence of fibrillation and various heart conditions, North America has been dominating the market. Also, North America has an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for ECG Sensor Patch Market during the forecast period.

The key leading players in the global ECG sensor patch market include Abbott, Dexcom, Inc., Frontier Smart Technologies Group Ltd., HIVOX BIOTEK INC., Hocoma , iRhythm Technologies, Inc., Isansys Lifecare Ltd., Kenzen, Inc., Medtronic plc, MTG Co., Ltd., NanoSonic, Inc., Nemaura Medical Inc., Preventice Solutions, Inc., Sensium Healthcare Ltd., Texas Instruments Incorporated, VitalConnect, X2 Biosystems Inc. among others have been profiled in the study to provide a competitive view about the market.

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Key Factors Impacting the Growth of ECG Sensor Patch Market:

o Rise incidences of atrial fibrillation.

o Rising investment and funding by market players and other organizations.

Market Segmentation:

Based on the Product Type
o Hardware
o Software

Based on the Application
o Monitoring
o Diagnostics

Based on the End User
o Healthcare
o Fitness & Sports

By Region:
North America
o By Country (US, Canada, Mexico)
o By Product Type
o By Application
o By End User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product Type
o By Application
o By End User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product Type
o By Application
o By End User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product Type
o By Application
o By End User

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product Type
o By Application
o By End User

Rest of the World
o By Region (South America, Africa)
o By Product Type
o By Application
o By End User

Reasons to Buy This Report:

o Market size estimation of the ECG sensor patch market on a regional and global basis
o Unique research Usage for market size estimation and forecast
o Profiling of major companies operating in the ECG sensor patch market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the ECG sensor patch market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:

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This release was published on openPR.