MarkNtel Advisors recently published a detailed industry analysis of the ECG Patch and Holter Monitor Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the ECG Patch and Holter Monitor Market (2023-2028)

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.

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What is driving the ECG Patch and Holter Monitor Market?

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.

What segments define the ECG Patch and Holter Monitor market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

By Product

(ECG Patch, Holter Monitor),

By Application

(Diagnostic, Monitoring),

By Lead Type

(Patch Type-1 Lead, 3-Lead, 6-Lead, 12-Lead, Others) ,

By End-User

(Hospitals , Ambulatory Facilities , Homecare),

By Region

(North America, South America, Europe, The Middle East & Africa, Asia-Pacific)

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Who are the leading key players shaping the ECG Patch and Holter Monitor Market landscape?

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

Questions Addressed in this Study

1.What factors are driving the ECG Patch and Holter Monitor Market growth?

2.How is the ECG Patch and Holter Monitor Market expected to grow over the next five years?

3.What are the key insights into the current trends in the ECG Patch and Holter Monitor Market?

4.What is the current size of the ECG Patch and Holter Monitor Market, and how is it projected to change in the future?

6.What is the future outlook for the ECG Patch and Holter Monitor Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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