Press release
Shaping the ECG Patch And Holter Monitor Market share in 2025: Advancements In AI-enabled ECG Patches Propel Market share Leadership In Cardiac Monitoring
How Big Is the ECG Patch And Holter Monitor Market Expected to Be, and What Will Its Growth Rate Be?Over the past few years, the market size for the ECG patch and holter monitor has experienced significant growth. It is projected to increase from $1.44 billion in 2024 to $1.65 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.6%. This growth during the historical period can be attributed to various factors such as advancements in technology, increased prevalence of cardiovascular diseases, a rise in the elderly population, a transition towards ambulatory and home healthcare, along with a surge in healthcare spending.
In the upcoming years, a swift expansion is anticipated in the market size of ECG patch and holter monitors, expected to hit $2.82 billion by 2029, witnessing a compound annual growth rate (CAGR) of 14.4%. Factors contributing to this growth over the forecast period include the aging demographic, heightened awareness and screening initiatives, acceptance of wearable tech, regulatory green lights, and the trend towards home healthcare. Noteworthy trends projected during this period encompass amplified embrace of wearable technology, enhanced sensor technology, an upsurge in heart-related ailments, and the growth of telemedicine and remote healthcare monitoring.
What Key Elements Are Boosting Growth in the ECG Patch And Holter Monitor Market?
The escalating prevalence of cardiovascular illnesses is likely to boost the development of the ECG patch and holter monitor market in the future. Cardiovascular diseases impact the heart and blood vessels and encompass a variety of conditions such as coronary artery disease, heart failure, arrhythmias, and hypertension. These conditions can result in severe health issues, including heart attacks, strokes, and other cardiovascular incidents. An increase in risk factors like inactive lifestyles, unhealthy diets, obesity, and ageing populations is leading to a rise in cardiovascular disorders. ECG patches and Holter monitors are employed in handling these disorders, as they monitor heart rhythms continuously, assisting in the detection and diagnosis of arrhythmias and other cardiac irregularities. As an example, the American Heart Association reported in January 2024 that the total number of deaths in the cardiovascular sector had slightly increased to 931,578 in that year, a subtle rise of 3,000 deaths compared to the figure of 928,741 from the preceding year. Thus, the escalating occurrence of cardiovascular diseases is fostering the expansion of the ECG patch and holter monitor market.
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Who Are the Dominant Companies Influencing ECG Patch And Holter Monitor Market Trends?
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
How Is the ECG Patch And Holter Monitor Market Evolving?
Leading players in the ECG patch and holter monitor market are turning their focus towards creating high-tech sensors such as AI-based ECG patches, in an effort to maintain their market standing. These state-of-the-art AI-enabled ECG patches, are a combination of electrocardiogram technology and artificial intelligence that provide continuous heart rhythm monitoring, real-time data analysis and early detection of heart irregularities thus elevating the precision and effectiveness of cardiovascular care. For example, SmartCardia SA, a medical device manufacturer from Switzerland unveiled its innovative 7L Cardiac Monitoring Patch in August 2022. The novel product aims to completely transmute patient monitoring in the field of cardiology. It amalgamates medical wearable technology with AI to provide predictive, personalized health data via remote monitoring. The 7L patch, a certified CE Class IIa product, employs a high-functioning AI platform constructed from millions of ECG portions analyzed by certified cardiologists and proficient technicians. This enables the immediate detection of critical arrhythmia occurrences with a cardiologist-level accuracy.
What Are the Different Segmentations in the ECG Patch And Holter Monitor Market?
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
Subsegments:
1) By Electrocardiogram (Ecg) Patch: Wearable Ecg Patches For Continuous Monitoring, Wireless Ecg Patches, Multi-Lead Ecg Patches, Ecg Patches For Arrhythmia Detection, Disposable Ecg Patches, Reusable Ecg Patches
2) By Holter Monitors: 24-Hour Holter Monitors, 48-hour Holter Monitors, 7-day Holter Monitors, Wireless Holter Monitors, Mobile Holter Monitoring Devices, Holter Monitors With Real-Time Data Transmission
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Which Region Is at the Forefront of the ECG Patch And Holter Monitor Market?
North America was the largest region in the ECG patch and holter monitor market in 2023. The regions covered in the ECG patch and holter monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The ECG Patch And Holter Monitor Global Market Report?
- Market Size Analysis: Analyze the ECG Patch And Holter Monitor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the ECG Patch And Holter Monitor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall ECG Patch And Holter Monitor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the ECG Patch And Holter Monitor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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