ECG Patch & Holter Monitor Market by Product (ECG Patch, Holter Monitors), Application (Diagnostics, Monitoring), End Use - Global Forecast 2024-2030
The ECG Patch & Holter Monitor Market size was estimated at USD 1.99 billion in 2023 and expected to reach USD 2.17 billion in 2024, at a CAGR 9.53% to reach USD 3.76 billion by 2030.
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.
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1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing Prevalence of Atrial Fibrillation and Cardiovascular Disorders
5.1.1.2. Increasing Demand for Ambulatory Monitoring Devices
5.1.2. Restraints
5.1.2.1. Concern Regarding Accuracy of the ECG Patch & Holter Monitors
5.1.3. Opportunities
5.1.3.1. Technological Advancements in ECG Patch & Holter Monitor
5.1.3.2. Increasing Adoption of Flexible ECG Patch Monitors
5.1.4. Challenges
5.1.4.1. Side Effects Associated with ECG Patch & Holter Monitor
5.2. Market Segmentation Analysis
5.2.1. Product: Growing usage of ECG patches to get accurate heart rate readings
5.2.2. End-use: Expanding scope of ECG patch across ambulatory facilities
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter’s Five Forces Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Bargaining Power of Customers
5.6.4. Bargaining Power of Suppliers
5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
6. ECG Patch & Holter Monitor Market, by Product
6.1. Introduction
6.2. ECG Patch
6.3. Holter Monitors
7. ECG Patch & Holter Monitor Market, by Application