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The ECG Patch & Holter Monitor Market size was estimated at USD 1.99 billion in 2023, USD 2.17 billion in 2024, and is expected to grow at a CAGR of 9.53% to reach USD 3.76 billion by 2030 . Speak directly to the analyst to clarify any post sales queries you may have.
An electrocardiogram (ECG) patch is a device that monitors and records the heart's electrical activity over an extended period. It is designed to be worn on the chest and continuously captures the heart's electrical signals, allowing healthcare professionals to analyze and diagnose various heart conditions. The ECG patch typically consists of a small, adhesive patch with built-in electrodes that adhere to the patient's skin, identify the heart's minute electrical signals, and transmit them to the chest's surface. The patch is usually wireless and lightweight, making it comfortable for the patient to wear for an extended duration. A Holter monitor is a portable device used for ambulatory ECG monitoring over an extended period, usually 24 to 48 hours or more. The Holter monitor consists of a small, battery-powered recorder worn by the patient and has multiple electrodes attached to the chest, similar to standard ECG leads. The increasing prevalence of atrial fibrillation and cardiovascular disorders and the demand for ambulatory monitoring devices raised the need for flexible ECG patch monitors in ambulatory facilities, hospitals, and clinics. However, several side effects of Holter monitor and concern regarding the accuracy of the ECG patch & Holter monitors significantly impedes their utilization in hospitals and clinics. In addition, technological advancements in ECG patch & Holter monitor with the integration of mobile applications, artificial intelligence, and wireless connectivity to view ECG data, track symptoms, and share the information directly with healthcare providers with real-time transmission are expected to create robust opportunities for market development.
Regional Insights
In the Americas region, the shift in the trend toward ambulatory monitoring devices, rising investments for early detection of arrhythmia, favorable government regulatory policies, and technological advancements in ECG patch & Holter monitors have propelled the market’s growth. The launch of next-generation and advanced wireless ECG monitoring devices and technological collaborations between native manufacturers are expected to create robust opportunities for market development in the region. In the Asia-Pacific region, especially in India, China, and Japan, the rapidly growing geriatric population coupled with the increasing incidence of cardiovascular diseases (CVDs) and atrial fibrillation (AFib) and developing healthcare infrastructure in emerging economies have improved the need for ECG patch & Holter monitors, further contributing to the market’s growth. In the EMEA region, the adoption of advanced monitoring devices at ambulatory centers and increased investments in wearable monitors by the major manufacturers have raised the need for ECG patch & Holter monitors in hospitals, clinics, and ambulatory centers.Product: Growing usage of ECG patches to get accurate heart rate readings
ECG patches are small adhesive patches that attach to the skin and detect electrical heart activity and can be worn for up to 14 days and provide accurate heart rate readings. The Holter monitors are small portable devices worn for up to 24 hours to monitor heart activity used in medical settings. Wireless Holter monitors utilize Bluetooth technology to connect to a compatible smartphone or tablet device, allowing patients to access their ECG data remotely. Additionally, many wireless monitors include software applications or mobile apps that allow users to view their ECG waveforms in real time, receive notifications when abnormal readings are detected, and store their results online for future reference.End-use: Expanding scope of ECG patch across ambulatory facilities
ECG patch and Holter monitors are widely used in ambulatory facilities to monitor patients' heart activity over an extended period. These facilities include ambulatory surgery centers, diagnostic centers, cardiology clinics, and specialized clinics for specific medical conditions. ECG patch and Holter monitor devices enable healthcare professionals to assess and diagnose cardiac conditions outside of a hospital setting, allowing patients to continue their daily activities while being monitored. Hospitals & clinics are the primary healthcare institutions that provide comprehensive medical services, including diagnostic, therapeutic, and surgical procedures. In hospitals, ECG patch and Holter monitor devices are utilized for various purposes, including monitoring patients with suspected or known cardiac conditions, assessing the effectiveness of treatments, and evaluating patients during recovery.Market Dynamics
The market dynamics represent an ever-changing landscape of the ECG Patch & Holter Monitor Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.Market Disruption Analysis
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the ECG Patch & Holter Monitor Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the ECG Patch & Holter Monitor Market.Porter’s Five Forces Analysis
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the ECG Patch & Holter Monitor Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.Value Chain & Critical Path Analysis
The value chain of the ECG Patch & Holter Monitor Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.Pricing Analysis
The pricing analysis comprehensively evaluates how a product or service is priced within the ECG Patch & Holter Monitor Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the ECG Patch & Holter Monitor Market.Technology Analysis
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the ECG Patch & Holter Monitor Market.Patent Analysis
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the ECG Patch & Holter Monitor Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.Trade Analysis
The trade analysis of the ECG Patch & Holter Monitor Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.Regulatory Framework Analysis
The regulatory framework analysis for the ECG Patch & Holter Monitor Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the ECG Patch & Holter Monitor Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the ECG Patch & Holter Monitor Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Recent Developments
Vivalink Releases 14-Day Live Stream Wearable ECG Patch for Ambulatory Cardiac Monitoring
Vivalink, a provider of digital healthcare solutions, announced the newest version of its multi-parameter wearable ECG patch with continuous 14-day live-checking capabilities. The new patch from Vivalink makes it possible to undertake extended-duration remote ECG monitoring with just one patch application, lessening the strain on patients and clinicians both. The monitoring of human vitals may be done remotely, constantly, and in real-time using Vivalink's other medical wearable sensors.VTT Creates A Biodegradable Ecg Patch And Supports Wearable Electronic Devices
Finland’s VTT Research Centre has created a sustainable ECG patch that is fully recyclable and made of biomaterials. The patch itself is made of nanocellulose and printed with carbon conductors and sensing electrodes. The biodegradable patch is comprised of cellulose e-skin, a novel material from VTT that takes the role of conventional plastic in wearable skin applications. The new ECG patch ensures to lessen the technological and plastic carbon footprint in the medical field.Korea’s 1st long-term continuous ECG device gets FDA approval
ATsens, a bio-signal-based healthcare platform company, announced that its patch-type long-term continuous electrocardiogram (AT-Patch, ATP-C130) obtained U.S. FDA approval. The approval enables the company to accelerate its entry into the U.S. market and access a larger customer base in the region. ATsens has been previously authorized by Korea’s Ministry of Food and Drugs Safety (MFDS), the U.K.’s Medicines & Healthcare Products Regulatory Agency (MHRA), and the European Medicines Agency (EMA).Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the ECG Patch & Holter Monitor Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.Key Company Profiles
The report delves into recent significant developments in the ECG Patch & Holter Monitor Market, highlighting leading vendors and their innovative profiles. These include AliveCor, Inc., Bardy Diagnostics, Inc., BPL Medical technologies Pvt Ltd., Canadian Cardiac Care, Cardiac Insight Inc., Cortrium ApS, First Call Medical, Inc., GE HealthCare Technologies Inc., Hillrom Holdings, Inc., iRhythm Technologies, Inc., Koninklijke Philips N.V., Lief Therapeutics, LifeSignals Group Inc., m-Health Solutions by ELNA Medical Group Inc., Medtronic PLC, MidMark Corporation, Monitra Healthcare Private Limited, Nasiff Associates Inc., Nihon Kohden Corporation, Nissha Medical Technologies, OSI Systems, Inc., ReactDx, Schiller AG, ScottCare Corporation, Seers Technology Co., Ltd., SmartCardia SA, Stratus, Viatom Technology Co., Ltd. by Lepu Medical Group, VitalConnect, VivaLNK, Inc., and ZOLL Medical Corporation.Market Segmentation & Coverage
This research report categorizes the ECG Patch & Holter Monitor Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- ECG Patch
- Holter Monitors
- Holter Analysis System & Software
- Wired Holter Monitors
- Wireless Holter Monitors
- Application
- Diagnostics
- Monitoring
- End Use
- Ambulatory Facilities
- Hospitals & Clinics
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
This research report offers invaluable insights into various crucial aspects of the ECG Patch & Holter Monitor Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. ECG Patch & Holter Monitor Market, by Product
7. ECG Patch & Holter Monitor Market, by Application
8. ECG Patch & Holter Monitor Market, by End Use
9. Americas ECG Patch & Holter Monitor Market
10. Asia-Pacific ECG Patch & Holter Monitor Market
11. Europe, Middle East & Africa ECG Patch & Holter Monitor Market
12. Competitive Landscape
13. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- AliveCor, Inc.
- Bardy Diagnostics, Inc.
- BPL Medical technologies Pvt Ltd.
- Canadian Cardiac Care
- Cardiac Insight Inc.
- Cortrium ApS
- First Call Medical, Inc.
- GE HealthCare Technologies Inc.
- Hillrom Holdings, Inc.
- iRhythm Technologies, Inc.
- Koninklijke Philips N.V.
- Lief Therapeutics
- LifeSignals Group Inc.
- m-Health Solutions by ELNA Medical Group Inc.
- Medtronic PLC
- MidMark Corporation
- Monitra Healthcare Private Limited
- Nasiff Associates Inc.
- Nihon Kohden Corporation
- Nissha Medical Technologies
- OSI Systems, Inc.
- ReactDx
- Schiller AG
- ScottCare Corporation
- Seers Technology Co., Ltd.
- SmartCardia SA
- Stratus
- Viatom Technology Co., Ltd. by Lepu Medical Group
- VitalConnect
- VivaLNK, Inc.
- ZOLL Medical Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 199 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.17 Billion |
| Forecasted Market Value ( USD | $ 3.76 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
