The global ECG patch and Holter monitor market size was US$ 1158.5 million in 2021. The global ECG patch and Holter monitor market size is forecast to reach US$ 6205.9 million by 2030, growing at a compound annual growth rate (CAGR) of 20.5% during the forecast period from 2022 to 2030.
Holter monitors are small, wearable devices that track heart rhythms. It sends tiny electrical signals from the heart to the surface of the chest. Such devices help identify heart problems. This device detects several types of arrhythmias like atrial fibrillation, tachycardia, and atrial flutter. An electrocardiogram (ECG) Holter monitoring device is a portable, ambulatory device used to monitor heart activity. A patient wears a sleeve around their neck or a belt around their waist that contains electrodes and small equipment.
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Factors Influencing Market Growth
The increasing prevalence of atrial fibrillation, aging, and increasing incidence of cardiovascular disorders are forecast to drive the global ECG patch and Holter monitor market during the forecast period.
The shift toward ambulatory monitoring devices, technological advances in the field, increased investment for early detection of arrhythmia, and advancements in telemetry all contribute to the growth of the global market.
A growing number of cardiovascular diseases (CVD) are driving the need for wearable devices to monitor ECG, which will increase the growth for the global ECG patches and Holter monitors market.
Lack of skilled professionals, inadequate healthcare infrastructure, and unsteady reimbursement policies may slow down the overall market growth.
Impact Analysis of COVID-19
Globally, COVID-19 had a relatively positive impact on the market. This was due to the increasing use of the device in the diagnosis, evaluation, and treatment of cardiac conditions. Furthermore, patients who undergo rhythm monitoring therapy are at an increased risk for developing more severe diseases. With the COVID-19 effects on individuals with cardiac care, ECG patch and Holter monitor devices were in demand as consumers were concerned about their health. This has led to positive growth for the ECG patch and Holter monitor market.
Regional Insights
North America held the largest market share in 2021. As a result of the rising incidence of Atrial fibrillation (AFib) in the region, population aging, technological advancements, and shifting patient preferences toward ambulatory ECG monitoring. Additionally, the launch of next-generation wireless devices for monitoring ECGs and technology collaborations among manufacturers are driving the region’s market growth.
Asia Pacific is forecast to have the highest CAGR during the forecast period. Growing geriatric populations, widespread cardiovascular diseases (CVDs), rising disposable incomes, and growing healthcare infrastructure are driving the market.
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Leading Competitors
The leading prominent companies profiled in the global ECG patch and Holter monitor market are:
Nissha Medical Technologies
Medtronic PLC
Hill-Rom Services, Incorporated
iRhythm Technologies, Incorporated
AliveCor, Incorporated
Cardiac Insight Incorporated
VitalConnect
LifeSignals, Incorporated
Bardy Diagnostics, Incorporated
Nasiff Associates, Incorporated
Midmark Corporation
Lief Therapeutics, Incorporated
Schiller AG
NIHON KOHDEN CORPORATION
Koninklijke Philips N.V.
GE Healthcare
FUKUDA DENSHI Co.
Spacelabs Healthcare (Subsidiary of OSI Systems, Inc.)
Other Prominent Players
Scope of the Report
The global ECG patch and Holter monitor market segmentation focus on Product, Application, End-Use, and Region.
Segmentation based on Product
ECG Patch
Portable Holter
Segmentation based on Application
Diagnostics
Monitoring
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Segmentation based on End-Use
Hospitals & Clinics
Ambulatory Facilities
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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