The ecg patch and holter monitor global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
ECG Patch And Holter Monitor Market, 2024The ecg patch and holter monitor global market report 2024
Market Size –
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 growth in the historic period can be attributed to technological advancements, rising incidence of cardiovascular diseases, growing geriatric population, shift toward ambulatory and home healthcare, and increasing healthcare expenditure.
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%. The growth in the forecast period can be attributed to an aging population, growing awareness and screening programs, adoption of wearable technology, regulatory approvals, and home healthcare trends. Major trends in the forecast period include increased adoption of wearable technology, advancements in sensor technology, a rise in cardiovascular diseases, and telemedicine and remote monitoring.
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Scope Of ECG Patch And Holter Monitor MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
ECG Patch And Holter Monitor Market Overview
Market Drivers –
The rising prevalence of cardiovascular disorders is driving the growth of the ECG patch and holter monitor market. Cardiovascular disorders, which include coronary artery disease, heart failure, arrhythmias, and hypertension, are on the rise due to factors such as sedentary lifestyles, poor diets, obesity, and aging populations. ECG patches and holter monitors are crucial for monitoring heart rhythm and diagnosing arrhythmias. According to the American Heart Association, cardiovascular-related deaths increased slightly in 2024, with 931,578 fatalities, up by 3,000 from the previous year.
Market Trends –
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.
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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Regional Insights –
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.
Key Companies –
Major companies in the 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
Table of Contents
1. Executive Summary
2. ECG Patch And Holter Monitor Market Characteristics
3. ECG Patch And Holter Monitor Market Trends And Strategies
4. ECG Patch And Holter Monitor Market – Macro Economic Scenario
5. Global ECG Patch And Holter Monitor Market Size and Growth
…
32. Global ECG Patch And Holter Monitor Market Competitive Benchmarking
33. Global ECG Patch And Holter Monitor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The ECG Patch And Holter Monitor Market
35. ECG Patch And Holter Monitor Market Future Outlook and Potential Analysis
36. Appendix
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