ECG Patch And Holter Monitor Market Worth $4.8 Billion By 2030

ECG Patch And Holter Monitor Market Growth & Trends

The global ECG patch and holter monitor market size is expected to reach USD 4.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 19.58% from 2023 to 2030. The Growing prevalence of cardiac arrhythmia, increasing demand for ambulatory monitoring devices, and technological advancements are likely to drive the market during the forecast period.

Recent technologies in ECG patch and Holter monitor market include ECG chip, which can be inserted in the body to record heart rhythms for a long duration; ECG data management solutions; and telemetry. ECG patch and Holter monitor are also used in noncardiology departments, such as electrophysiology labs and nursing & emergency departments, as well as management of respiratory disorders. Initiatives such as the Door-to-Balloon (D2B) time by the American College of Cardiology (ACC) and “Mission: Lifeline” by AHA are expected to drive demand for wireless solutions and 12-lead ECG devices.

COVID-19 pandemic has resulted in high burden on public health and health care delivery globally. The disease has major effects on cardiovascular system. A wide range of arrhythmias have been reported in patients, which complicate the course of COVID-19 due to the associated treatments. Due to the redistribution of health care resources, access to emergency services, such as reperfusion therapy, may be affected, based on severity of the diseases at a local level. Apart from obtaining EUA for innovative products, the market also witnessed strategies such as mergers & acquisitions focused on strengthening solutions offerings, including connected care and remote patient monitoring due to their increased demand during the COVID-19 pandemic. Acquisitions made by Philips of BioTelemetry in December 2020 and Capsule Technologies, Inc. in January 2021 are a few such events.

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ECG Patch And Holter Monitor Market Report Highlights

• In terms of product, the ECG patch segment held the largest share in 2022 and is expected to register the fastest growth over the forecast period. Acquisitions and partnerships & collaborations between device manufacturers & management service providers to facilitate better exchange of information are anticipated to boost market growth by simplifying ECG workflow and reducing complexity associated with custom integration.

• On the basis of application, the diagnostics segment dominated the market in 2022. However, the monitoring segment is expected to register the fastest growth over the forecast period.

• The manufacturers are engaging in activities such as mergers & acquisitions to strengthen their monitoring solutions portfolio in the market. In November 2021, Philips acquired Cardiologs, a French medical technology company. The acquisition will help the company make use of Cardiologs’ artificial intelligence model that can interpret data from various monitoring devices

ECG Patch And Holter Monitor Market Segmentation

Grand View Research has segmented the global ECG patch and holter monitor market based on product, application, end use, and region:

ECG Patch And Holter Monitor Product Outlook (Revenue, USD Million, 2017 - 2030)

• ECG Patch

• Holter Monitors

ECG Patch And Holter Monitor Application Outlook (Revenue, USD Million, 2017 - 2030)

• Diagnostics

• Monitoring

ECG Patch And Holter Monitor End Use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals & Clinics

• Ambulatory Facilities

• Others

ECG Patch And Holter Monitor Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Norway

  • Sweden

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa (MEA)

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in ECG Patch And Holter Monitor Market

• Nissha Medical Technologies (NMT)

• Medtronic plc

• Hill-Rom

• iRhythm Technologies, Inc.

• Nihon Kohden Corporation

• Koninklijke Philips N.V.

• GE Healthcare

• Fukuda Denshi Co., Ltd.

• Spacelabs Healthcare

• AliveCor, Inc.

• Cardiac Insight Inc.

• VitalConnect

• LifeSignals, Inc.

• Bardy Diagnostics, Inc.

• Nasiff Associates, Inc.

• Midmark Corporation

• Lief Therapeutics, Inc.

• Schiller AG