ECG Patch and Holter Monitor Market Report 2024

This ECG Patch and Holter Monitor industry report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The ECG patch and holter monitor market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth during the historic period can be attributed to technological advancements, an increasing incidence of cardiovascular diseases, a growing elderly population, a shift toward ambulatory and home healthcare, and rising healthcare expenditures.

The ECG patch and holter monitor market size is expected to see rapid growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth anticipated during the forecast period can be attributed to an aging population, heightened awareness and screening programs, the adoption of wearable technology, regulatory approvals, and trends in home healthcare. Key trends in the forecast period include a greater adoption of wearable technology, advancements in sensor technology, an increase in cardiovascular diseases, and the expansion of telemedicine and remote monitoring.

The increasing incidence of cardiovascular disorders is expected to drive the growth of the ECG patch and holter monitor market in the future. Cardiovascular disorders, which affect the heart and blood vessels, include conditions such as coronary artery disease, heart failure, arrhythmias, and hypertension. These conditions can lead to severe health issues such as heart attacks, strokes, and other cardiovascular events. The rising rate of cardiovascular disorders is attributed to growing risk factors such as sedentary lifestyles, poor diets, obesity, and aging populations. ECG patch and holter monitor are used for continuous heart rhythm monitoring to detect and diagnose arrhythmias and other cardiac abnormalities. For example, in January 2024, the American Heart Association reported a slight increase in cardiovascular-related deaths, with the total number rising to 931,578, up by 3,000 from the previous year's 928,741. Consequently, the growing incidence of cardiovascular disorders is fueling the expansion of the ECG patch and holter monitor market.

Leading companies in the ECG patch and holter monitor market are increasingly focusing on developing advanced sensors, such as artificial intelligence (AI)-enabled ECG patches, to maintain their competitive edge. AI-enabled ECG patches are sophisticated wearable devices that integrate electrocardiogram technology with AI. They continuously monitor heart rhythms, analyze data in real-time, and offer precise and early detection of cardiac abnormalities, thus improving the accuracy and efficiency of cardiovascular care. For example, in August 2022, SmartCardia SA, a Switzerland-based medical device firm, introduced its groundbreaking 7L Cardiac Monitoring Patch. This advanced device aims to transform patient monitoring in cardiology by combining medical wearable technology with AI to provide predictive and personalized health insights through remote monitoring. The 7L patch, which has earned CE Class IIa certification, employs a sophisticated AI platform developed from millions of ECG segments analyzed by cardiologists and certified technicians, allowing for real-time detection of critical arrhythmia events with cardiologist-level precision.

In May 2024, Wear LINQ, a US-based company specializing in wearable health monitoring and diagnostic solutions, acquired AMI Cardiac Monitoring LLC for an undisclosed sum. This strategic acquisition is intended to significantly boost WearLinq's clinical services nationwide, offering expanded access to its cutting-edge eWave 6-lead wearable ECG monitor, which has recently obtained FDA 510(k) clearance. AMI Cardiac Monitoring LLC, also based in the US, offers ECG patch and holter monitors as part of its ambulatory cardiac monitoring services.

Major companies operating in the ECG patch and holter monitor market are Medtronic plc, Philips Healthcare, GE HealthCare Technologies Inc., ZOLL Medical Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Hill-Rom Holdings Inc., Nihon Kohden Corporation, Fukuda Denshi Co Ltd., Verily Life Sciences LLC, iRhythm Technologies Inc., CardioNet Inc., BPL Medical Technologies Private Limited, LifeWatch AG, AliveCor Inc., QardioI Inc., Applied Cardiac Systems(ACS) Diagnostics Inc., Bardy Diagnostics Inc., Cardiac Insight Inc., Tenovi Health, MediBioSense Ltd., Cardiologs Technologies SAS, Shimmer Sensing, Comarch Healthcare.

North America was the largest region in the ECG patch and holter monitor market in 2023. The regions covered in the ECG patch and holter monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the ECG patch and holter monitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electrocardiogram (ECG) patch and Holter monitor are wearable medical devices designed for continuous heart rhythm monitoring. The ECG patch provides a discreet and flexible solution generally used for shorter periods, while the Holter monitor offers extensive data collection over longer durations, allowing for precise detection and analysis of cardiac abnormalities.

The primary product types in ECG patch and holter monitor include electrocardiogram (ECG) patches and Holter monitors. An ECG patch is a compact, wearable device that continuously tracks the heart's electrical activity over several days. These devices are used for diagnostics and monitoring, serving a range of end-users such as hospitals and clinics, ambulatory facilities, and others.

The ECG patch and holter monitor market research report is one of a series of new reports that provides ECG patch and holter monitor market statistics, including ECG patch and holter monitor industry global market size, regional shares, competitors with a ECG patch and holter monitor market share, detailed ECG patch and holter monitor market segments, market trends and opportunities, and any further data you may need to thrive in the ECG patch and holter monitor industry. This ECG patch and holter monitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ECG patch and holter monitor market consists of sales of high-precision sensors, data storage modules, and wireless communication devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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