Global ECG Patch & Holter Monitor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
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May 2023
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This report was compiled by Trishita Deb Trishita Deb is an experienced market research and consulting professional with over 7 years of expertise across healthcare, consumer goods, and materials, contributing to over 400 healthcare-related reports. Correspondence Team Lead- Healthcare Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Global ECG Patch & Holter Monitor Market report Overview:
“The global ECG Patch & Holter Monitor Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The Global ECG Patch & Holter Monitor Market report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market.
Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries.
It also covers threats or challenges for existing as well as new entrants in the market. The global ECG patch & holter monitor market has been segmented on the basis of product type, end-use, application, as well as regions and countries.
Patch & holter monitors are small, wearable devices that keeps track of a patient’s heart rhythm. They are usually used after a conventional test is performed to check the heart rhythm (ECG) of a patient, especially if the ECG does not capture sufficient information concerning the condition of that patient’s heart.
Dynamics:
The increasing incidence of cardiovascular disease, booming geriatric populations, as well as the rising prevalence of atrial fibrillation are some of the primary factors that are expected to fuel the revenue growth of the global ECG patch & holter monitor market over the next 10 years. Moreover, the growing trend of a shift in consumer preferences for ambulatory monitoring devices is a factor that is slated to compliment the future market growth of this global industry.
The implementation of several technological advancements in the field of telemetry, as well as favorable regulatory policies concerning the use of these devices are also factors that are slated to impact the revenue growth of the global ECG patch & holter monitor market in the years to come.
In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global ECG patch & holter monitor industry is no different, and this factor is expected to negatively impact the revenue growth of this sector in the near future.
Nonetheless, increasing investments being made by key industry players towards the development of devices that are more capable of detecting arrhythmia and other disorders is another factor that is anticipated to further augment the revenue growth of the global ECG patch & holter monitor market in the foreseeable future.
Segmentation of the global ECG patch & holter monitor market is as follows:
In terms of product, the portable holter segment accounted for the maximum number of revenue shares of the global ECG patch & holter monitor market in 2020, and is expected to index a high CAGR over the next decade.
This can be attributed to factors such as the increase in global geriatric populations, low cost, as well as the increasing prevalence of atrial fibrillation. However, the ECG patch segment is slated to index the highest CAGR over the next 10 years.
On the basis of application, the diagnostics segment accounted for the highest number of revenue shares of the global ECG patch & holter monitor market in 2020, and is expected to index considerable revenue growth over the course of the forecast period. However, the monitoring segment is slated to register the highest CAGR over the forecast period.
With regards to end-use, the hospitals & clinics segment accounted for the maximum number of revenue shares of the global ECG patch & holter monitor market in 2020, and is anticipated to index considerable revenue growth in the near future.
This can be accredited to the presence of a well-establish healthcare infrastructure, a rise in the number of strategic mergers & acquisitions, as well as the increase in the number of healthcare practitioners and patients at these facilities.
Regional Segmentation and Analysis:
North America accounted for the highest number of revenue shares of the global ECG patch & holter monitor market in 2020, and is slated to register considerable revenue growth in the coming years. The markets in Europe and the Asia Pacific regions are anticipated to register a high CAGR respectively in the foreseeable future.
Segmentation of the Global ECG Patch & Holter Monitor Market:
Segmentation by Product:
- ECG Patch
- Portable Holter
Segmentation by Application:
- Diagnostics
- Monitoring
Segmentation by End-Use:
- Hospitals & Clinics
- Ambulatory Facilities
- Others
Segmentation by Regions:
- North America
- Europe
- APAC
- South America
- MEA
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- 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.
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