ECG Patch & Holter Monitor Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Nissha Medical Technologies, Medtronic PLC (NYSE: MDT), iRhythm Technologies Inc. (NASDAQ: IRTC)

Registering a CAGR of 19.2% over the forecast period, the market value of ECG Patch & Holter Monitor is expected to reach US$ 2480 million in the year 2027.

ECG Patch & Holter Monitor Market Overview

A Holter monitor is a battery-powered electrocardiography (ECG) device that measures and records the activity of the heart for 24 to 48 hours. It includes software that interprets the recorded data and assists the doctor in determining whether the heart is getting enough oxygen and diagnosing conditions associated with irregular cardiac rhythms such as arrhythmia, tachycardia, and atrial fibrillation. These features of Holter monitors, combined with the rising incidences of cardiac issues among individuals, are fueling their global demand.

During the forecast period, the market is likely to be driven by the rising prevalence of atrial fibrillation, aging, and the rising incidence of cardiovascular disorders. Furthermore, the shift in the trend toward ambulatory monitoring devices, technological advancements in the field, increased investments for early detection of arrhythmia, advancements in the field of telemetry, and favorable regulatory policies are expected to drive market growth.

The growing prevalence of AFib, ventricular fibrillation, Supraventricular Tachycardia (SVT), syncope, palpitations, and post-ablation follow-up in hospitals has increased the demand for ambulatory monitoring devices. Furthermore, when compared to inpatient standard ECG monitoring, continuous ECG monitoring yields more accurate results. The standard ECG test does not provide a clear diagnosis, so patients are referred for additional testing. ECG patches and Holter monitors are used to avoid such situations. The Holter monitor is the most commonly used device in the world for detecting AFib.

The report aspects discussed the profile of the top manufacturers of the global ECG Patch & Holter Monitor market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined ECG Patch & Holter Monitor Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the ECG Patch & Holter Monitor Market?

The global ECG Patch & Holter Monitor includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Nissha Medical Technologies, Medtronic PLC (NYSE: MDT), Hill-Rom Services Inc., iRhythm Technologies Inc. (NASDAQ: IRTC), 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 (OSI Systems), and others.

Industry News and Updates:

In November 2019-- Bittium Corporation, a cardiology and neurology device company based in Finland, introduced Bittium HolterPlus, a web-based remote cardiac monitoring solution comprised of a Bittium Faros ECG device and the Bittium HolterPlus mobile application.

November 23rd, 2020 --VitalConnect introduced the VitalPatch RTM, a new cardiac monitoring patch for patients who require extended Holter monitoring. The patch's artificial intelligence electrocardiogram sensor can detect 21 different cardiac arrhythmias. The sensor actively monitors heart rate, respiratory rate, and activity, as well as heart rate variability.

January 2020--Hillrom announced plans to acquire Bardy Diagnostics for US$ 375 million in cash and potential future payments based on commercial milestones. The company hopes to expand its cardiology device portfolio with this new acquisition.

What are the major Applications, Types, and Regions for the ECG Patch & Holter Monitor Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• ECG Patch


• Portable Holter

By Application, it is segmented into

• Hospitals & Clinics


• Ambulatory Facilities


• Others

ECG Patch & Holter Monitor Market Regional Analysis

North America is expected to dominate the Holter ECG market and maintain this position throughout the forecast period. The growing geriatric population, along with the associated disease burden of cardiovascular diseases, is expected to drive market growth in this region. According to the American College of Cardiology Foundation, approximately 5.3 million Americans have atrial fibrillation, and in 2014, atrial fibrillation or flutter was the primary diagnosis in approximately 454,000 hospitalizations in the United States. Europe is expected to have the second-largest market share due to the increased penetration of cardiac devices and growing demand for Holter ECG monitors. The Asia Pacific market is expected to grow at the fastest CAGR due to increasing technological advancements, and improved healthcare industry, and rising incidences of cardiovascular diseases.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The ECG Patch & Holter Monitor Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global ECG Patch & Holter Monitor Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our ECG Patch & Holter Monitor Market report scope?

Scope of the Report covers ECG Patch & Holter Monitor Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this ECG Patch & Holter Monitor Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Report Attributes	Report Details
Report Title	ECG Patch & Holter Monitor Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Nissha Medical Technologies, Medtronic PLC (NYSE: MDT), iRhythm Technologies Inc. (NASDAQ: IRTC)
Forecast Period 2022 to 2027 CAGR	CAGR of 19.2% over the forecast period (2022-2027)
By Type	ECG Patch Portable Holter
By Application	Hospitals & Clinics Ambulatory Facilities Others
By Companies	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 (OSI Systems), etc.
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	183
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this ECG Patch & Holter Monitor Report

• Evaluate ECG Patch & Holter Monitor market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the ECG Patch & Holter Monitor market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The ECG Patch & Holter Monitor Market is studied from 2017 - 2027.

What is the growth rate of the ECG Patch & Holter Monitor Market?

The ECG Patch & Holter Monitor Market is growing at a CAGR of 19.2% over the next 5 years.

Who are the key players in 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 (OSI Systems), etc.

What regions does this ECG Patch & Holter Monitor Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of ECG Patch & Holter Monitor Market?

ECG Patch, Portable Holter, etc.

What are the major end-use applications of ECG Patch & Holter Monitor Market?

Hospitals & Clinics, Ambulatory Facilities, Others, etc.

 

All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.