The Global ECG Patch and Holter Monitor Market size is valued at around USD 1.8 billion in 2024 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 Dynamics:

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.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global ECG Patch and Holter Monitor Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Product
• ECG Patch- Market Size & Forecast 2018-2028, (USD Million)
• Holter Monitor- Market Size & Forecast 2018-2028, (USD Million)
• By Application
• Diagnostic- Market Size & Forecast 2018-2028, (USD Million)
• Monitoring- Market Size & Forecast 2018-2028, (USD Million)
• By 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)
• By 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)
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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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