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CHICAGO, CA, UNITED STATES, September 27, 2024 /EINPresswire / -- The North America ECG Patch and Holter Monitoring
market is experiencing robust growth, with a market valuation of US$ 1,324.6 million in 2023. The market is projected to reach a staggering US$ 5,033.5 million by 2032, driven by an impressive compound annual growth rate (CAGR) of 15.99% during the forecast period of 2024 to 2032.
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Market Overview
The electrocardiogram (ECG) patch and Holter monitoring market in North America has witnessed significant advancements, with the demand for continuous cardiac monitoring devices growing rapidly. These devices, widely used for the diagnosis and monitoring of heart conditions, are increasingly being adopted due to the rising prevalence of cardiovascular diseases, technological advancements, and a growing aging population.
Key Market Drivers
Rising Cardiovascular Disease Incidence
Cardiovascular diseases (CVD) continue to be one of the leading causes of mortality in North America, creating a substantial demand for accurate and reliable monitoring solutions like ECG patches and Holter monitors. The devices help in early detection, enabling timely intervention and treatment.
Technological Advancements in Cardiac Monitoring
The integration of innovative technologies such as AI, IoT, and mobile connectivity in ECG patches and Holter devices is improving patient outcomes. The latest generation of devices offers enhanced data accuracy, longer monitoring periods, and real-time monitoring, making them highly effective for healthcare providers and patients alike.
Aging Population and Healthcare Awareness
North America is witnessing a rise in the geriatric population, which is prone to cardiac issues. This demographic trend is fueling the demand for easy-to-use, non-invasive cardiac monitoring solutions like ECG patches, which can be used for extended periods without causing discomfort.
Market Segmentation
The North America ECG Patch and Holter Monitoring Market can be segmented based on product type, end-users, and geography.
By Product Type: The market includes Holter monitors and ECG patches, with ECG patches gaining increased attention for their convenience and continuous monitoring capabilities.
By End-User: The key end-users of these devices include hospitals, ambulatory care centers, and home healthcare providers. The demand for home-based monitoring solutions is on the rise due to the preference for remote patient monitoring.
By Geography: The U.S. dominates the market, accounting for the largest market share due to advanced healthcare infrastructure and high adoption rates of digital healthcare solutions. Canada is also witnessing substantial growth due to its expanding healthcare services.
Competitive Landscape
The North American market for ECG patches and Holter monitoring is highly competitive, with key players investing in R&D to develop more advanced and patient-friendly devices. Major companies include:
AliveCor, Inc.
Cardiac Insight Inc.
Fukuda Denshi Co., Ltd.
GE Healthcare
Hill -Rom
Koninklijke Philips N.V.
Medtronic Plc.
LifeSignals, Inc.
Nihon Kohden Corporation
Schiller AG
Other Prominent Players
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Market Segmentation Overview:
By Product
ECG Patch
Holter Monitor
Single Holter Monitors
3 Lead Holter Monitors
6 Lead Holter Monitors
12 Lead Holter Monitors
Others
By Application
Diagnostics
Monitoring
Long-term (or continuous) monitoring
Automatic analysis
Extended cardiac monitoring
Others
By End User
Hospitals & Clinics
Home Settings & Ambulatory Facilities
Others
By Country
U.S.
Canada
Mexico
Future Outlook
The North America ECG Patch and Holter Monitoring Market is poised for exponential growth in the coming years, thanks to advancements in wearable technology, increasing investments in healthcare infrastructure, and growing patient awareness of early cardiac diagnosis. The market's projected CAGR of 15.99% between 2024 and 2032 reflects strong future demand, with significant opportunities for innovation in remote cardiac monitoring solutions.
Conclusion
With a market size expected to exceed US$ 5,033.5 million by 2032, the North America ECG Patch and Holter Monitoring Market represents a thriving sector of the healthcare industry. The convergence of healthcare technology and rising demand for efficient cardiac monitoring solutions is set to drive the market's growth, making it a vital segment for healthcare providers and medical device manufacturers alike.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
Mirza Aamir Beg
Astute Analytica
+91 99108 20439
email us here
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