The global ECG patch and holter monitor market size is expected to reach USD 2.8 billion by 2027, expanding at a CAGR of 17.5%, based on a new report by Grand View Research, Inc. Rise in the prevalence of cardiovascular diseases worldwide, growing preference for ambulatory ECG monitoring, and technological advancements are among the key drivers of the market.
The
growing incidence of Atrial Fibrillation (AFib) worldwide is a major
factor driving the market. AFib is a common form of arrhythmia diagnosed in
clinics and hospitals. According to a survey conducted in 2013, around 2 to 6
million people in the U.S. live with AFib. With an aging population, the number
is expected to rise to 12.1 million by 2030. Patch Monitor, wireless, remote,
wearable ECG patch patient monitor, and single- and two-lead cardiac event
monitor are some of the ECG patches and Holter monitors used for treating the
condition.
Full Research Report On ECG Patch & Holter Monitor Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/ecg-patch-holter-monitor-market
ECG Patch &
Holter Monitor Market Report Highlights
- Portable
Holter held the largest market share in the product segment in 2019
attributed to its low cost, high market penetration, and low turnaround
time, allowing detection within 24 to 48 hours
- The ECG patch
segment is expected to witness the highest CAGR and is anticipated to gain
share during the forecast period. This is attributed to technological
advancement, its use for continuous patient monitoring for 7 to 14 days,
and for improved detection of uncommon arrhythmias compared to short span
Holter monitors
- Diagnostics
dominated the application segment in 2019 attributed to improved clinical
accuracy due to advanced data analysis tools, new product launches, and
various technological advancements for better care and accurate diagnosis
- Hospitals and
clinics dominated the end-use segment in 2019 and is expected to exhibit
high growth over the forecast period due to the globally increasing
prevalence of cardiac arrhythmias and rising adoption of Holter devices in
hospitals
- North America
held the largest market share in 2019, owing to the presence of leading
manufacturers in the region, technological advancement, and adoption of
next-generation ECG monitoring devices at the hospitals and at ambulatory
facilities
- The Asia
Pacific is expected to witness high growth during the forecast period.
China dominated the market in terms of revenue share attributed to the
local presence of major market players and a large geriatric population
- Collaborations
for development and expansion of product portfolios and geographic
expansion in emerging markets are key strategies being employed by the key
companies to increase market share.
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ECG Patch &
Holter Monitor Market Segmentation
Grand View Research has
segmented the global ECG patch and Holter monitor market based on product,
application, end-use, and region:
ECG Patch &
Holter Monitor Product Outlook (Revenue, USD Million, 2016 - 2027)
- ECG Patch
- Portable Holter
ECG Patch &
Holter Monitor Application Outlook (Revenue, USD Million, 2016 - 2027)
- Diagnostics
- Monitoring
ECG Patch &
Holter Monitor End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Hospitals & Clinics
- Ambulatory Facilities
- Others
ECG Patch &
Holter Monitor Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
List of Key
Players of ECG Patch & Holter Monitor Market
- Nissha Medical Technologies
- Medtronic PLC
- Hill-Rom Services, Inc.
- iRhythm Technologies, Inc.
- AliveCor, Inc.
- Cardiac Insight Inc.
- VitalConnect
- LifeSignals, Inc.
- Bardy Diagnostics, Inc.
- Nasiff Associates, Inc.
- Midmark Corporation
- Lief Therapeutics, Inc.
- Schiller AG
- NIHON KOHDEN CORPORATION
- Koninklijke Philips N.V.
- GE Healthcare
- FUKUDA DENSHI Co.
- Spacelabs Healthcare (Subsidiary of OSI Systems,
Inc.)
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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