What is Global ECG Monitor with Patch Market?
The Global ECG Monitor with Patch Market is a rapidly growing sector in the healthcare industry. It refers to the global market for Electrocardiogram (ECG) monitors that come with a patch. These devices are used to monitor the electrical activity of the heart over a period of time, using electrodes placed on the skin. These monitors are compact, portable, and user-friendly, making them ideal for continuous monitoring of patients, especially those with heart conditions. The patch attached to these monitors helps in recording the heart's rhythm and detecting any irregularities. This technology has revolutionized the way cardiac health is monitored, allowing for early detection and treatment of heart diseases. The market for these devices is growing due to the increasing prevalence of cardiovascular diseases, technological advancements, and the growing geriatric population. However, the high cost of these devices and lack of awareness in developing regions may hinder the market growth.
Resting ECG Monitor, Holter Monitor in the Global ECG Monitor with Patch Market:
The Global ECG Monitor with Patch Market is segmented into Resting ECG Monitor and Holter Monitor. The Resting ECG Monitor is a device that records the heart's electrical activity when the patient is at rest. It is commonly used in hospitals and clinics for routine check-ups and diagnosing heart diseases. On the other hand, the Holter Monitor is a portable device that records the heart's activity continuously for 24 to 48 hours or longer. It is used to detect heart conditions that might not be found during a regular ECG test. The Resting ECG Monitor holds the largest share in the market due to its wide usage in diagnosing various heart conditions. However, the Holter Monitor segment is expected to grow rapidly due to the increasing demand for portable and convenient heart monitoring devices.
Hospital, Clinic, Others in the Global ECG Monitor with Patch Market:
The Global ECG Monitor with Patch Market finds its applications in various areas such as hospitals, clinics, and others. In hospitals, these devices are used for continuous monitoring of patients with heart conditions. They help in early detection of heart diseases, thereby improving the treatment outcomes. In clinics, these devices are used for routine check-ups and diagnosing heart diseases. They are also used in other areas such as home care settings and research institutes for monitoring and studying heart conditions. The hospital segment holds the largest share in the market due to the high prevalence of heart diseases and the need for continuous monitoring of patients. However, the clinic segment is expected to grow rapidly due to the increasing demand for outpatient services and the growing trend of preventive healthcare.
Global ECG Monitor with Patch Market Outlook:
To rephrase the market outlook, the Global ECG Monitor with Patch Market was valued at US$ 3578 million in 2022. It is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2029, reaching a value of US$ 5055 million by 2029. The market is dominated by the top five players who hold a 50% share. The Resting ECG Monitor is the most popular product in this market, holding an 84% share. This growth is driven by the increasing prevalence of heart diseases, technological advancements, and the growing geriatric population. However, the high cost of these devices and lack of awareness in developing regions may hinder the market growth.
| Report Metric | Details |
| Report Name | ECG Monitor with Patch Market |
| Accounted market size in 2022 | US$ 3578 in million |
| Forecasted market size in 2029 | US$ 5055 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | GE Healthcare, Philips, Fukuda Denshi, Schiller, Hill-Rom, Suzuken, NIHON KOHDEN, Spacelabs Healthcare, Edan, Preventice Solutions, Mindray, iRhythm, Innomed, BioTelemetry, Heal Force, Ensense Biomedical Technologies (Shanghai) Co., Ltd, Thoth, Zenihealth, SnapECG, Prudencemed, Ricky Electronic Co Ltd, Lifeon, Medtronic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
