Wearable Ecg Sensor Patch Is Fastest Growing Segment Fueling The Growth Of Ecg Sensor Patch Market

https://www.coherentmarketinsights.com/market-insight/ecg-sensor-patch-market-2832
Ecg Sensor Patch Market


Ecg sensor patch are wearable medical devices used for cardiac monitoring. They are easy to use, wireless and connected to smartphones. They help in early detection of cardiovascular diseases.


The global Ecg Sensor Patch Market is estimated to be valued at US$ 1.69 Bn in 2023 and is expected to exhibit a CAGR of 40% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The rising preference for wireless monitoring solutions over traditional holter monitors and increasing adoption of remote patient monitoring are major trends in the Ecg sensor patch market. With advancements in wireless and mobile technologies, Ecg sensor patches with connectivity options to smartphones and tablets have gained popularity over the past few years. This allows continuous monitoring of patients' heart activity from remote locations and timely diagnosis of cardiac issues.

Segment Analysis

The global ecg sensor patch market is segmented into type, end-user, and geography. By type, the market is bifurcated into rest ECG patch and extended Holter ECG patch. Rest ECG patch segment held the largest market share in 2021 and is expected to continue its dominance over the forecast period. This is attributed to rising adoption of rest ECG patch owing to its ability to capture cardiac rhythms during resting heart rates with ease of use. By end-user, the market is categorized into hospitals, diagnostic centers, and ambulatory surgical centers. Hospitals segment captured the largest share of the market in 2021 owing to growing demand for continuous heart rhythm monitoring for various cardiovascular diseases in hospitals.

Key Takeaways

The global Ecg Sensor Patch Market Demand is expected to witness high growth, exhibiting a CAGR of 40% over the forecast period, due to increasing prevalence of cardiovascular diseases.

Regional analysis: North America dominated the global market in 2021 and is expected to maintain its dominance over the forecast period owing to rising cases of heart diseases and presence of advanced healthcare infrastructure in the region. Asia Pacific is projected to exhibit the fastest growth over the forecast period. This is attributed to growing geriatric population, increase in healthcare expenditure, and improving healthcare infrastructure in emerging economies of Asia Pacific region.

Key players: Key players operating in the ecg sensor patch market are Abbott Laboratories (US), Medtronic PLC (Ireland), DexCom, Inc. (US), iRhythm Technologies, Inc. (US), and Texas Instruments Inc. (US). Abbott Laboratories captured the largest market share in 2021 owing to its wide product portfolio and strong distribution channel.

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