Market Overview
The Global ECG Patch and Holter Monitor Market size is estimated to have a value of USD 1.8 billion in 2024 and is expected to reach USD 9.6 billion by the end of 203 at a CAGR of 20.3% over the forecasted period.
According to Dimension Market Research, this market is projected to see significant growth in the upcoming period of 2024 to 2033 due to the rising awareness about this market globally.
The global ECG patch and holter monitor market offers products that are used to record and analyze the electrical activity of the heart for a given period by healthcare professionals. The ECH parches or electrocardiogram is very small wearable device that records cardiac events for 24 hours to several weeks.
Since these devices don’t cause any kind of pain to the patient, healthcare professionals add them to the preferred list due to this plus point along with their user-friendly characteristics. Such sensors have been designed in a way to be able to diagnose the very slightest change in the heartbeat and thus fit such health facilities rather well. Unlike patches, the Holter monitors can be worn for a very short time as they are supplied with electrodes, which are attached to the patient’s chest and all the time are recording of heart activity.
Key Takeaways
- The market is growing at a CAGR of 20.3 % over the forecasted period.
- The electrocardiogram patches are projected to dominate the product segment as it holds 63.1% of market share in 2024.
- Diagnostics dominate the application segment of this market as it hold 60.2% of the market share in 2024.
- Hospitals and clinics are projected to dominate the end-use segment in this market in 2024.
- North America is projected to show its dominance in this market as it accounts for the highest market share of 66.5% by the end of 2024.
Use Cases
- In this market, ECG patches are used for the diagnosis of arrhythmias, atrial fibrillation, ventricular tachycardia, and bradycardia by detecting irregular heart rhythms.
- Patients experiencing symptoms such as palpitations, dizziness, fainting, or chest pain patients can wear ECG patches or Holter monitors which allow real-time monitoring.
- These devices are used to assess the effectiveness of medications, interventions, or therapies in various medical trials as they can detect changes in heart rhythm patterns & adjust treatment plans accordingly.
- These devices are used for patients undergoing medical procedures that require post-operative monitoring to detect and manage potential complications such as arrhythmias or ischemia.
Market Dynamic
The global ECG patches and holter monitor market is growing rapidly as it is undergoing various technological advancements so that it can offer more comfortable and cost efficient device to the consumers. The growing number of instances when patients are diagnosed with these conditions drives the global ECG patch and holter monitor market to increase. Also, the growing aging population is leading the higher cases of age-related cardiac conditions.
As elderly individuals are more prone to heart rhythm disorders and cardiovascular diseases, the demand for long-term cardiac monitoring solutions like holter monitors and ECG patches continues to rise. In this market now ECG patches and devices are now equipped with new features like wireless connectivity, smartphone integration, & cloud-based data storage, which will improve patient’s condition.
Research Scope and Analysis
By Product
The electrocardiogram patches are projected to dominate the product segment in this market as it holds 63.1% of market share in 2024. The ECG patch is anticipated to dominate this segment as are changing their feature due to the ongoing technological developments, where they are offered in ultra-thin designs, wireless connectivity, and integration with wearables and smartphones for example.
These inventions and developments make it possible for this market to deliver this product for remote patient monitoring, preventive medicine, and home-based services. Integration of AI into this product increases the data analysis capabilities of the patches. The other reason for the popularity of this product is due to the rules and regulations set by various regulatory bodies for their safety and effectiveness parameters.
By Application
Diagnostics dominate the application segment of the global ECG patch and holter monitor market as it hold 60.2% of the market share in 2024 due to their efficiency in the early detection of cardiovascular disorders in patients. The diagnostics done by using this device are more accurate and suitable for long-term monitoring of symptomatic patients.
They also facilitate monitoring of treatment efficacy, risk stratification, and integration with telemedicine for remote diagnostics. ECG patches are capable of real-time monitoring enabling immediate detection of intermittent arrhythmias that are often associated with cardiac symptoms. This leads to prompt interventions and personalized treatment plans for patients suffering from cardiovascular conditions in remote or underserved areas.
By End Use
Hospitals and clinics are projected to dominate the end-use segment in this market in 2024 as it excel in utilizing ECG patches due to their advanced diagnostic facilities, handling high patient volumes, and offering comprehensive inpatient and outpatient services. Multidisciplinary care teams collaborate efficiently, integrating ECG patch monitoring seamlessly into clinical workflows.
With established reimbursement processes and centralized data management systems, these settings ensure the financial feasibility and streamlined integration of ECG patch data into patient records. Overall, hospitals and clinics provide an optimal environment for widespread ECG patch adoption, facilitating accurate diagnosis, continuous monitoring, and effective management of cardiovascular disorders across diverse patient populations.
The ECG Patch and Holter Monitor Market Report is segmented on the basis of the following
By Product
- ECG Patch
- Holter Monitors
By Application
By End Use
- Hospitals & Clinics
- Ambulatory Facilities
- Others
Regional Analysis
North America is projected to show its dominance in the global electrocardiogram patches and holter monitor market as it accounts for the highest market share of 66.5% by the end of 2024. This dominance can be accredited to the rising cases of patients suffering from various cardiovascular diseases like atrial fibrillation. The growth of this region is also pushed by the growing aging population. The healthcare infrastructure of North America with advanced healthcare systems makes the use of ECG patients’ widespread patches.
In this region, holter monitors are widely used due to their higher prevalence of cardiovascular diseases and technological innovation. This region is the home of the many major front-running players in the medical manufacturing devices sector who are actively spending on research and development, to improve the performance of devices, for example, miniaturization and wireless communication.
Regulatory bodies such as the FDA and Health Canada promote the quality of the product and policymakers encourage healthcare providers to incorporate these technologies by reimbursement. Altogether, the strong health system in North America promotes the continuous development and utilization of cardiac monitoring devices for better patient care.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The global ECG patch and Holter monitor market is characterized by vigorous competition among key players like Medtronic, Philips Healthcare, GE Healthcare, BioTelemetry Inc., and Hill-Rom Holdings. The companies conduct strategy-based initiatives like product introduction, partnerships, and mergers and acquisitions to increase their market reach and expand technological abilities.
Besides the established players such as Bardy Diagnostics, InfoBionic, and others, newcomers with advanced technologies like Bioteque Corporation are attracting more and more attention from users. The competitive landscape is influenced by such factors as technological advancements, regulatory compliance, and geographic expansion. As a whole, the market is dynamic and is recognized by continuous evolution and strategic moves to have an edge over the competitors.
Some of the prominent players in the Global ECG Patch and Holter Monitor Market are:
- Nissha Medical Technologies (NMT)
- Medtronic plc
- Hill-Rom
- iRhythm Technologies Inc.
- Nihon Kohden Corporation
- Koninklijke Philips N.V.
- GE Healthcare
- LifeSignals Inc.
- Bardy Diagnostics Inc.
- Nasiff Associates Inc.
- Midmark Corporation
- Fukuda Denshi Co. Ltd.
- Spacelabs Healthcare
- AliveCor Inc.
- Cardiac Insight Inc.
- VitalConnect
- Lief Therapeutics Inc.
- Schiller AG
- Other Key Players
Recent Development
- In January 2024, Medtronic and Cardiac Design Labs collaborate to launch Padma Rhythms heart monitoring technology in India, aiming to improve early disease detection and management from home.
- In January 2024, iRhythm Technologies obtains CE marking for its Zio monitor and ZEUS System, meeting EU MDR standards, showcasing commitment to quality healthcare solutions.
- In November 2023, DuPont and STMicroelectronics collaborate to develop a new smart wearable biosignal-monitoring device, aiming for improved patient comfort and data accuracy.
- In September 2023, The S-Patch Ex, a wearable ECG patch by Wellysis, cleared by the US FDA, features Samsung's bio-processor and a lightweight ECG patch boasting accurate waveforms, targeting comfort and usability.
- In May 2023, Monash University engineers develop an AI-powered wearable patch, monitoring speech, neck movement, touch, breathing, and heart rates, potentially transforming remote healthcare delivery.
- In May 2023, Vivalink introduces a 14-day live stream wearable ECG patch for remote cardiac monitoring, providing continuous data transmission and various physiological parameters tracking capabilities.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 1.8 Bn |
| Forecast Value (2033) |
USD 9.6 Bn |
| CAGR (2023-2032) |
20.3% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Product (ECG Patch, and Holter Monitors), By Application (Diagnostics, and Monitoring), By End Use (Hospitals & Clinics, Ambulatory Facilities, and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Nissha Medical Technologies (NMT), Medtronic plc, Hill-Rom, iRhythm Technologies Inc., Nihon Kohden Corporation, Koninklijke Philips N.V., GE Healthcare, LifeSignals Inc., Bardy Diagnostics Inc., Nasiff Associates Inc., Midmark Corporation, Fukuda Denshi Co. Ltd., Spacelabs Healthcare, AliveCor Inc., Cardiac Insight Inc., VitalConnect, Lief Therapeutics Inc., Schiller AG, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global ECG Patch and Holter Monitor Market size is estimated to have a value of USD 1.8 billion in 2024 and is expected to reach USD 9.6 billion by the end of 2033.
North America has the largest market share for the Global ECG Patch and Holter Monitor Market with a share of about 66.5% in 2024.
Some of the major key players in the Global ECG Patch and Holter Monitor Market are Nihon Kohden Corporation, Koninklijke Philips N.V., GE Healthcare, LifeSignals Inc., Bardy Diagnostics Inc. and many others.
The market is growing at a CAGR of 20.3 percent over the forecasted period.