Navigating the Future of Global ECG Patch and Holter Monitor Market: Trends, Analysis, and Key Players by 2028
A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global ECG Patch and Holter Monitor Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global ECG Patch and Holter Monitor Market Definition:
A Holter monitor and ECG patches are medical devices used to monitor and record the electrical activity of the heart. These devices serve as valuable tools in capturing and analyzing the electrical patterns of the heart over a specific period, providing healthcare professionals with a more comprehensive understanding of a patient’s cardiac health.
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Global ECG Patch and Holter Monitor Market Insights:
The Global ECG Patch and Holter Monitor Market is estimated to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28.
Global ECG Patch and Holter Monitor Market Driver:
Rising Cardiac Arrhythmia Cases Drive Demand for ECG Patch and Holter Monitor Market – The increasing global incidence of cardiac arrhythmia is widely contributing to the growing demand for ECG patches and Holter monitors. Lifestyle factors such as sedentary behavior, tobacco use, high blood pressure, and stress have been identified as key contributors to the rising incidence of arrhythmia among patients. For instance, according to the Centers for Disease Control and Prevention (CDC) in 2019, there were approximately 454,000 reported cases of arrhythmia, resulting in 158,000 deaths. Moreover, it is projected that the number of atrial fibrillation cases in the United States alone would reach around 12.1 million by 2030, with the surging consumption of tobacco, alcohol and caffeine among working adults.
In response to the increasing prevalence of arrhythmia, pharmaceutical companies like Smart Cardia and iRhythm Technologies have been introducing new and innovative drug therapies for atrial fibrillation treatment. For instance,
· In 2022, Smart Cardia launched a 7-Lead ECG Patch for Cardiology and Remote Patient Monitoring platform with a real-time dashboard to view full-disclosure ECG data, & enable the early detection of patient conditions and deterioration.
Thus, with the continuous boom in patients diagnosed with cardiac arrhythmia cases, and growing availability of advanced monitoring devices to track patient’s health on real time, the demand for ECG Patch and Holter monitor is anticipated to continue to boom in coming years.
Global ECG Patch and Holter Monitor Market Leading Key Players:
GE Healthcare, Philips, Hillrom Services Inc. (Baxter), iRhythm Technologies, Inc., Spacelabs Healthcare (OSI systems), Fukuda Denshi Inc., Cardiac Insight Inc., Vital Connect, Dr. R.A. Fernando School Of Healthcare Technology Inc., Bardy Diagnostics Inc., Shiller AG, BPL Medical Technologies, Smart Cardia Inc., Bittium, ViVa Link Inc
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Global ECG Patch and Holter Monitor Market Segmentation:
Based on Product
– ECG Patch- Market Size & Forecast 2018-2028, (USD Million)
– Holter Monitor- Market Size & Forecast 2018-2028, (USD Million)
Based on Application
– Diagnostic- Market Size & Forecast 2018-2028, (USD Million)
– Monitoring- Market Size & Forecast 2018-2028, (USD Million)
Based on Lead Type
– Patch Type-1 Lead- Market Size & Forecast 2018-2028, (USD Million)
– 3-Lead- Market Size & Forecast 2018-2028, (USD Million)
– 6-Lead- Market Size & Forecast 2018-2028, (USD Million)
– 12-Lead- Market Size & Forecast 2018-2028, (USD Million)
– Others (5-Lead, 7-Lead, etc.) – Market Size & Forecast 2018-2028, (USD Million)
Based on End-User
– Hospitals – Market Size & Forecast 2018-2028, (USD Million)
– Ambulatory Facilities – Market Size & Forecast 2018-2028, (USD Million)
– Homecare – Market Size & Forecast 2018-2028, (USD Million)
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Global ECG Patch and Holter Monitor Market Geographical Analysis
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Recent Development of Global ECG Patch and Holter Monitor Market:
In the year 2022, GE Healthcare and DeepCardio collaborated to develop AI-based ECG diagnosis technology and ECG data analysis program.
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