Overview:
ECG sensor patch is a diagnostic tool that is used by healthcare professionals for detecting atrial fibrillation. This tool helps in the early detection of the disease and makes sure the patient receives proper care. The sensor is used for monitoring several cardiac parameters in heart patients. This is a wearable patch which continuously records the user’s ECG that helps in detecting and managing arrhythmia. This patch also warns the patient about their stress levels.
The global ECG sensor patch market size was valued at US$ 14.4 million in 2021, and is expected to exhibit a CAGR of 43.7% over the forecast period (2022–2028).
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Drivers:
Rising product launch and approvals from key players is estimated to propel growth of the global ECG sensor patch market during the forecast period. For instance, VitalConnect declared that it has received 510(k) clearance from the U.S. FDA, in December 2017. This clearance is received for its wearable biosensor VitalPatch, now it can be worn for 4-5 days. Moreover, at the Consumer Electronics Show, in January 2019, a smart patch was launched by Lief Therapeutics. This patch uses haptic biofeedback technology which helps users in managing, detecting and curing their stress in real-time.
Furthermore, increasing investments by the key players and several organizations is estimated to augment growth of the global ECG sensor patch market over the forecast period. For instance, Cardiac Insight, Inc. collected US$ 4.5 Mn funding from various organization for the distribution, sales and production of ECG heartbeat sensor called as Cardea SOLO device, in September 2017. Similarly, Kenzen and Stanford University gained US$ 5 million funding for developing, supporting and marketing of the ECHO Smart Patch wearable technology in 2017. This device measures vital signs of athletes and avoids illness and injuries.
Moreover, increasing incidences of atrial fibrillation is anticipated to fuel growth of the global ECG sensor patch market over the forecast period. For instance, the Centers for Disease Control and Prevention (CDC) mentioned that owing to atrial fibrillation more than 750,000 hospitalizations and 130,000 deaths took place in 2017 in the U.S. Key players are focusing on strategies like acquisitions and partnerships for expanding their product portfolio. Medtronic Plc. Acquired EPIX Therapeutics, Inc. in January 2019. This acquisition aims to expand the cardiac ablation portfolio of Medtronic’s. Similarly, LifeSignals, Inc., Dreamtech and INQCEL collaborated for supporting the manufacturing and development of a wearable biosensor, in June 2018.
Key Takeaways:
The global ECG sensor patch market is estimated to witness a CAGR of 43.7%during the forecast period, due to rising incidences of atrial fibrillation. The World Economic Forum Middle East, mentioned that one death out of five in the United Arab Emirates is caused due to cardiovascular diseases, in 2020. One out of four adults in Saudi Arabia is expected to suffer from a heart attack in the upcoming 10 years.
The hardware segment, among product type in the global ECG sensor patch market is anticipated to witness robust growth over the forecast period, due to rising product approvals and launches. For instance, LifeSignals, Inc. gained approval from the U.S. FDA for their wireless LP1100 Life Signal Patch, used for monitoring healthcare devices.
The diagnostics segment, among application in the global ECG sensor patch market is estimated to witness significant growth over the forecast period, owing to increased adoption of ECG sensor patches for enhancing the diagnosis of atrial fibrillation.
The healthcare segment, among end user in the global ECG sensor patch market is estimated to witness significant growth over the forecast period, due to adoption of sensor patches by clinicians for effectively monitoring heart rate irregularities like atrial fibrillation.
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Key Players:
Key players active in the global ECG sensor patch market are Lief Therapeutics Vivalnk, Inc., Medtronic Plc., LifeSignals, Inc., Hill-Rome Holdings, Inc., VitalConnect, iRhythm Technologies, Inc., Cardiac Insight Inc. and AliveCor, Inc.
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The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of ECG Sensor Patch Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of ECG Sensor Patch Market are also given.
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Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Regulatory Scenario
- Reimbursement Scenario
- Key Highlights
- PEST Analysis
- Market Dynamics
- Global ECG Sensor Patch Market, By Product Type, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Introduction
- Global ECG Sensor Patch Market, By Application, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Diagnostics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Introduction
- Global ECG Sensor Patch Market , By End User, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Fitness and Sports
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Introduction
- Global ECG Sensor Patch Market , By Region, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2026, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2026, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Medtronic Plc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Hill-Rome Holdings, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- iRhythm Technologies, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- AliveCor, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Vivalnk, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cardiac Insight Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- VitalConnect
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- LifeSignals, Inc.
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Lief Therapeutics
- Company Overview
- Product Type Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Medtronic Plc.
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
About Coherent Market Insights
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