ECG Patch and Holter Monitor Market to Signify Strong Growth by 2023-2029

The global ECG patch and holter monitor market is anticipated to grow at a CAGR of 19.4% during the forecast period (2023-2030). Prevalence of CVDs is increasing globally, owing to various factors, including aging, obesity, and unhealthy lifestyles. ECG patches and holter monitors are essential tools for the diagnosis and monitoring of CVDs. Hence, companies are focusing on introducing new and better products in the market to stay competitive in the market. For instance, in September 2023, Wellysis, a spin-off company from Samsung SDS, has received clearance from the US Food and Drug Administration (FDA) in August 2023, to market its wearable electrocardiography (ECG) patch, S-Patch Ex, in the US The product, which received EU's CE mark in May 2021, is currently being exported to 14 countries worldwide, including UK, Spain, Italy, Greece, Poland, Australia, Thailand, India, and Korea. The S-Patch Ex is an ECG and heart rate recording device for use by healthcare professionals and patients both at home and in clinical settings. The product is embedded with Samsung Electronics' Next-Generation bio-processor which ensures the device captures accurate ECG waveforms. The product is expected to be officially launched in the U.S. market in September by establishing partnerships with service and platform providers.

Further, increasing technological advancements in ECG patch and holter monitor technology by the key players is another factor driving the growth of the market, for instance, in September 2023, iRhythm Technologies announced the U.S. launch of its next-generation cardiac monitoring patch and an enhanced long-term continuous monitoring service. The new prescription-only ECG monitor (Zio) is small and lightweight. The new long-term continuous monitoring service (Zio LTCM) includes the cardiac monitoring patch, ECG utilization software (ZEUS System) and a comprehensive end-of-wear report reviewed by certified technicians, which has a 99% physician agreement, according to the release. The next-generation ECG patch monitor features a hydrocolloid adhesive, has waterproof housing and is designed for up to 14 days of continuous wear.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- 

By Product
By Application
By End-User
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes, Nissha Medical Technologies (NMT), Medtronic plc, Hill-Rom, iRhythm Technologies, Inc., and Nihon Kohden Corp., among others.

ECG Patch and Holter Monitor Market Report Segment

By Type

ECG Patch
Holter Monitors
By Application

Diagnostics
Monitoring
By End-User

Hospitals & Clinics
Ambulatory Facilities
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ECG Patch and Holter Monitor Market Report Segment by Region

North America                                                                                                           

·        United States
·        Canada
Europe

·        UK
·        Germany
·        Spain
·        France
·        Italy
·        Rest of Europe
Asia-Pacific

·                  India
·                  China
·                  Japan
·                  South Korea
·                  Rest of APAC
Rest of the World

Latin America
Middle East and Africa 
Company Profiles

AliveCor, Inc.
Bardy Diagnostics, Inc.
Fukuda Denshi Co., Ltd.
Hill-Rom
iRhythm Technologies, Inc.
Koninklijke Philips N.V.
Lief Therapeutics, Inc.
LifeSignals, Inc.
Medtronic plc
Midmark Corporation
Nasiff Associates, Inc.
Nihon Kohden Corporation
Nissha Medical Technologies (NMT)
Schiller AG
Spacelabs Healthcare
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