ECG Patch & Holter Monitor Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027

Published Date : Nov 2020 | No. of Pages : 250 Pages | Category : Healthcare

The global ECG Patch & Holter Monitor market size is expected to be worth around US$ 2.7 billion by 2027, according to a new report by Vision Research Reports.

The global ECG Patch & Holter Monitor market size was valued at US$ 797.8 million in 2019 and is anticipated to grow at a CAGR of 17.4% during forecast period 2020 to 2027. 

The growing prevalence of atrial fibrillation, aging, and rising incidence of cardiovascular disorders are likely to drive the market for ECG patch and Holter monitor during the forecast period. Furthermore, the shift in a trend towards ambulatory monitoring devices, technological advancements in the field, increase in investments for early detection of arrhythmia, advancements in the field of telemetry, and favorable regulatory policies are likely to drive the market. The market for ECG patch and Holter monitor is expected to grow due to the increasing burden of Cardiovascular Diseases (CVD), which increases the demand for wearable devices to monitor ECG. They are required for early detection of CVDs and fulfill the growing need for arrhythmia detection with lower false-positive results.

Growth Factors

Rise in the prevalence of cardiovascular diseases worldwide, growing preference for ambulatory ECG monitoring, and technological advancements are among the key drivers of the market.

The growing incidence of Atrial Fibrillation (AFib) worldwide is a major factor driving the market. AFib is a common form of arrhythmia diagnosed in clinics and hospitals. According to a survey conducted in 2013, around 2 to 6 million people in the U.S. live with AFib. With an aging population, the number is expected to rise to 12 million by 2030. Patch Monitor, wireless, remote, wearable ECG patch patient monitor, and single- and two-lead cardiac event monitor are some of the ECG patches and Holter monitors used for treating the condition.

Report Highlights

  • Portable Holter held the largest market share in the product segment in 2019 attributed to its low cost, high market penetration, and low turnaround time, allowing detection within 24 to 48 hours

  • The ECG patch segment is expected to witness the highest CAGR and is anticipated to gain share during the forecast period. This is attributed to technological advancement, its use for continuous patient monitoring for 7 to 14 days, and for improved detection of uncommon arrhythmias compared to short span Holter monitors

  • Diagnostics dominated the application segment in 2019 attributed to improved clinical accuracy due to advanced data analysis tools, new product launches, and various technological advancements for better care and accurate diagnosis

  • Hospitals and clinics dominated the end-use segment in 2019 and is expected to exhibit high growth over the forecast period due to the globally increasing prevalence of cardiac arrhythmias and rising adoption of Holter devices in hospitals

Key Players

  • Nissha Medical Technologies

  • Medtronic PLC

  • Hill-Rom Services, Inc.

  • iRhythm Technologies, Inc.

  • AliveCor, Inc.

  • Cardiac Insight Inc.

  • VitalConnect

  • LifeSignals, Inc.

  • Bardy Diagnostics, Inc.

  • Nasiff Associates, Inc.

  • Midmark Corporation

  • Lief Therapeutics, Inc.

  • Schiller AG

  • NIHON KOHDEN CORPORATION

  • Koninklijke Philips N.V.

  • GE Healthcare

  • FUKUDA DENSHI Co.

  • Spacelabs Healthcare (Subsidiary of OSI Systems, Inc.)

Market Segmentation

ECG Patch & Holter Monitor Product Outlook 

  • ECG Patch

  • Portable Holter

ECG Patch & Holter Monitor Application Outlook 

  • Diagnostics

  • Monitoring

ECG Patch & Holter Monitor End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Hospitals & Clinics

  • Ambulatory Facilities

  • Others

ECG Patch & Holter Monitor Regional Outlook

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

The ECG Patch & Holter Monitor market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of ECG Patch & Holter Monitor market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global ECG Patch & Holter Monitor market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the ECG Patch & Holter Monitor market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted ECG Patch & Holter Monitor market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the ECG Patch & Holter Monitor capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of ECG Patch & Holter Monitor by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global ECG Patch & Holter Monitor market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major ECG Patch & Holter Monitor market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of ECG Patch & Holter Monitor market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the ECG Patch & Holter Monitor industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The ECG Patch & Holter Monitor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ECG Patch & Holter Monitor market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of ECG Patch & Holter Monitor market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new ECG Patch & Holter Monitor market. These factors have benefited the growth of the global market for ECG Patch & Holter Monitor. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for ECG Patch & Holter Monitor. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of ECG Patch & Holter Monitor are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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