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ECG Patch & Holter Monitor Market worth $3.76 billion by 2030, growing at a CAGR of 9.53% - Exclusive Report by 360iResearch
ECG Patch & Holter Monitor Market | 360iResearch
The Global ECG Patch & Holter Monitor Market to grow from USD 1.99 billion in 2023 to USD 3.76 billion by 2030, at a CAGR of 9.53%.
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An electrocardiogram (ECG) patch is a device that monitors and records the heart's electrical activity over an extended period. It is designed to be worn on the chest and continuously captures the heart's electrical signals, allowing healthcare professionals to analyze and diagnose various heart conditions. The ECG patch typically consists of a small, adhesive patch with built-in electrodes that adhere to the patient's skin, identify the heart's minute electrical signals, and transmit them to the chest's surface. The patch is usually wireless and lightweight, making it comfortable for the patient to wear for an extended duration. A Holter monitor is a portable device used for ambulatory ECG monitoring over an extended period, usually 24 to 48 hours or more. The Holter monitor consists of a small, battery-powered recorder worn by the patient and has multiple electrodes attached to the chest, similar to standard ECG leads. The increasing prevalence of atrial fibrillation and cardiovascular disorders and the demand for ambulatory monitoring devices raised the need for flexible ECG patch monitors in ambulatory facilities, hospitals, and clinics. However, several side effects of Holter monitor and concern regarding the accuracy of the ECG patch & Holter monitors significantly impedes their utilization in hospitals and clinics. In addition, technological advancements in ECG patch & Holter monitor with the integration of mobile applications, artificial intelligence, and wireless connectivity to view ECG data, track symptoms, and share the information directly with healthcare providers with real-time transmission are expected to create robust opportunities for market development.
In the Americas region, the shift in the trend toward ambulatory monitoring devices, rising investments for early detection of arrhythmia, favorable government regulatory policies, and technological advancements in ECG patch & Holter monitors have propelled the market's growth. The launch of next-generation and advanced wireless ECG monitoring devices and technological collaborations between native manufacturers are expected to create robust opportunities for market development in the region. In the Asia-Pacific region, especially in India, China, and Japan, the rapidly growing geriatric population coupled with the increasing incidence of cardiovascular diseases (CVDs) and atrial fibrillation (AFib) and developing healthcare infrastructure in emerging economies have improved the need for ECG patch & Holter monitors, further contributing to the market's growth. In the EMEA region, the adoption of advanced monitoring devices at ambulatory centers and increased investments in wearable monitors by the major manufacturers have raised the need for ECG patch & Holter monitors in hospitals, clinics, and ambulatory centers.
Market Segmentation & Coverage:
This research report categorizes the ECG Patch & Holter Monitor Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across ECG Patch and Holter Monitors. The Holter Monitors is further studied across Holter Analysis System & Software, Wired Holter Monitors, and Wireless Holter Monitors. The ECG Patch commanded largest market share of 64.20% in 2023, followed by Holter Monitors.
Based on Application, market is studied across Diagnostics and Monitoring. The Monitoring commanded largest market share of 72.70% in 2023, followed by Diagnostics.
Based on End Use, market is studied across Ambulatory Facilities and Hospitals & Clinics. The Hospitals & Clinics commanded largest market share of 93.24% in 2023, followed by Ambulatory Facilities.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.95% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the ECG Patch & Holter Monitor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the ECG Patch & Holter Monitor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the ECG Patch & Holter Monitor Market, highlighting leading vendors and their innovative profiles. These include AliveCor, Inc., Bardy Diagnostics, Inc., BPL Medical technologies Pvt Ltd., Canadian Cardiac Care, Cardiac Insight Inc., Cortrium ApS, First Call Medical, Inc., GE HealthCare Technologies Inc., Hillrom Holdings, Inc., iRhythm Technologies, Inc., Koninklijke Philips N.V., Lief Therapeutics, LifeSignals Group Inc., m-Health Solutions by ELNA Medical Group Inc., Medtronic PLC, MidMark Corporation, Monitra Healthcare Private Limited, Nasiff Associates Inc., Nihon Kohden Corporation, Nissha Medical Technologies, OSI Systems, Inc., ReactDx, Schiller AG, ScottCare Corporation, Seers Technology Co., Ltd., SmartCardia SA, Stratus, Viatom Technology Co., Ltd. by Lepu Medical Group, VitalConnect, VivaLNK, Inc., and ZOLL Medical Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. ECG Patch & Holter Monitor Market, by Product
7. ECG Patch & Holter Monitor Market, by Application
8. ECG Patch & Holter Monitor Market, by End Use
9. Americas ECG Patch & Holter Monitor Market
10. Asia-Pacific ECG Patch & Holter Monitor Market
11. Europe, Middle East & Africa ECG Patch & Holter Monitor Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the ECG Patch & Holter Monitor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the ECG Patch & Holter Monitor Market?
3. What is the competitive strategic window for opportunities in the ECG Patch & Holter Monitor Market?
4. What are the technology trends and regulatory frameworks in the ECG Patch & Holter Monitor Market?
5. What is the market share of the leading vendors in the ECG Patch & Holter Monitor Market?
6. What modes and strategic moves are considered suitable for entering the ECG Patch & Holter Monitor Market?
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