South Korea Ecg Patch And Holter Monitor Market Size & Outlook
South Korea ecg patch and holter monitor market, 2018-2030 (US$M)
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South Korea ecg patch and holter monitor market highlights
- The South Korea ecg patch and holter monitor market generated a revenue of USD 18.8 million in 2022 and is expected to reach USD 76.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 19.2% from 2023 to 2030.
- In terms of segment, holter monitors was the largest revenue generating product in 2022.
- ECG Patch is the most lucrative product segment registering the fastest growth during the forecast period.
Ecg patch and holter monitor market data book summary
| Market revenue in 2022 | USD 18.8 million |
| Market revenue in 2030 | USD 76.7 million |
| Growth rate | 19.2% (CAGR from 2022 to 2030) |
| Largest segment | Holter monitors |
| Fastest growing segment | ECG Patch |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ECG Patch, Holter Monitors |
| Key market players worldwide | Medtronic PLC, Hill-Rom, IRhythm Technologies Inc, Nihon Kohden Corp, Koninklijke Philips NV, GE Aerospace, FUKUDA DENSHI USA Inc, Spacelabs Healthcare, MidMark Corporation, SCHILLER, Cardiac Insight, Nissha Medical Technologies, VitalConnect, LifeSignals, Nasiff Associates Inc, Lief Therapeutics |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global ecg patch and holter monitor market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ecg patch and holter monitor market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 47.1 million by 2030.
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ECG Patch And Holter Monitor Market Scope
ECG Patch And Holter Monitor Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea ecg patch and holter monitor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ecg patch and holter monitor market will help companies and investors design strategic landscapes.
Holter monitors was the largest segment with a revenue share of 53.19% in 2022. Horizon Databook has segmented the South Korea ecg patch and holter monitor market based on ecg patch, holter monitors covering the revenue growth of each sub-segment from 2018 to 2030.
The ECG patch and Holter monitor market in South Korea is expected to grow at a rapid pace, which can be attributed to the growing prevalence of AFib and high adoption of technologically advanced products at hospitals, clinics, & ambulatory facilities, for quick diagnosis of heart diseases.
The prevalence of AFib in 2015 was 1.53% in South Korea. There are associated risk factors with the condition, which also lead to complications such as stroke and death. The prevalence was significantly higher in men than in women of all ages. T
he annual incidence of AFib in South Korea is 1.77 per 1,000 people. With the rising incidence of disease, demand for next-generation ambulatory ECG monitors, ECG patches, and portable Holter monitors, for early detection, is increasing in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ecg patch and holter monitor market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ecg patch and holter monitor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ecg patch and holter monitor market size, by product, 2018-2030 (US$M)
South Korea ECG Patch And Holter Monitor Market Outlook Share, 2022 & 2030 (US$M)
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