The Global ECG Sensor Patch Market is expected to reach $xx Mn. in 2027, at a CAGR of xx% during the forecast period.
Global ECG Sensor Patch Market Overview:

ECG sensor patch is a diagnostic tool used by the clinicians for early detection of atrial fibrillation and to ensure timely treatment for such patients. It also acts as triggering alarm for the cardiac patient about the stress levels and thus increasing the patient compliance. With advances in device miniaturization and wireless technologies and changing consumer expectations, wearable “on-body” ECG patch devices have evolved to meet contemporary needs. These devices are easy to use, leading to increase in diagnostic yield.

Experimental evidence has shown that many of the cardio vascular diseases (CVDs) could be better diagnosed, controlled and prevented through continuous monitoring, as well as analysis of electrocardiogram (ECG) signals. Experimental evidence has shown that many of the CVDs could be better diagnosed, controlled, and prevented through continuous monitoring, as well as analysis of electrocardiogram (ECG) signals.

The report covers the detailed analysis of the global ECG Sensor Patch industry with the classifications of the market on the product type, application and end users. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players’ contribution in it.

The report has profiled eighteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost of treatment, availability of advanced technology are analysed and report has come up with recommendations for future hot spot in APAC region.
Global ECG Sensor Patch Market Dynamics:

In recent times, the innovation and advances in development of miniaturized medical devices have yielded a variety of cardiac monitors for ambulatory use, which is considered as the main driving factor for ECG Sensor Patch market. The main advantages of ECG Sensor Patch are that, they are easy to use, leadless, minimally intrusive to daily activities, water-resistant, hygienic.

High prevalence of atrial fibrillation and Cardio Vascular Diseases mainly in the people aged above the age of 65 years, is expected to augment the market growth by xx%. Moreover, increasing investment in technologically advanced products is also expected to aid the market growth. For instance, in January 2019, Lief Therapeutics launched a newly developed smart patch at the Consumer Electronics Show. The patch allows users to easily detect, manage, and treat stress in real-time using haptic biofeedback technology. For instance, in January 2019, Lief Therapeutics launched a newly developed smart patch at the Consumer Electronics Show. The patch allows users to easily detect, manage, and treat stress in real-time using haptic biofeedback technology. ECG Sensor Patches have also evolved to serve various targets other than disease diagnosis, which includes monitoring daily activities and sports.

However, the high cost of the ECG Sensor Patch may hamper the market growth. For instance, the cost of Medtronic’s ECG Sensor is approximately US$718, which causes cost burden for patients in emerging economies.
Global ECG Sensor Patch Market Regional Insights:

Global ECG Sensor Patch Market

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North America is expected to dominate with a CAGR of xx% throughout the forecast period.

Rising prevalence of heart diseases and atrial fibrillation in the USA is the main factor for market dominance. Also, increasing research & development activities and clinical trials to demonstrate the benefits of early detection of cardiac diseases will aid the market growth.

According to the World Health Organization (WHO), CVDs are the number one cause of death globally, with 17.9 million deaths every year. It remains the number one cause of death of all Americans, claiming more than 840,000 lives in 2016. This boosts the market revenue of North America.

Europe accounts for second largest share of xx%. According to the European Health Network, the statistics of cardiovascular diseases in 2017 recorded 3.9 million deaths in Europe due to various heart conditions. This increases the demand for ECG Sensor Patch in the region.

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Global ECG Sensor Patch Market Segmentation:

Global ECG Sensor Patch Market, By Product Type:

● Hardware
● Software
Global ECG Sensor Patch Market, By Application:

● Monitoring
● Diagnostics
Global ECG Sensor Patch Market, By End-Users:

● Healthcare
● Fitness & Sports
Segment Analysis: Based on Product Type

Global ECG Sensor Patch Market1

Based on Product Type Segment, the hardware segment is anticipated to account for the largest market share of xx% during forecast period. For instance, in August 2019, VivaLNK wearable ECG patch was used for the study of Automatic Function in predicting heart diseases. The VivaLNK medical wearable ECG patch contains an electrocardiography sensor and accelerometer to capture and generate multiple physiological data including ECG trace, heart rate, RR-interval, and 3-axis motion.
Key Players Operating in the Global ECG Sensor Patch Market:

● Hill-Rome Holdings Inc.
● Cardiac Insight Inc.
● Medtronic Plc.
● Lief Therapeutics
● Vivalnk, Inc.
● VitalConnect
● iRhythm Technologies
● AliveCor, Inc.
● LifeSignals, Inc.
● EPIX Therapeutics
● Bardy Diagnostics, Inc.
● Nasiff Associates, Inc.
● Midmark Corporation
● Schiller AG
● NIHON KOHDEN CORPORATION
● Koninklijke Philips N.V.
● GE Healthcare
● FUKUDA DENSHI Co.

The report also helps in understanding Global ECG Sensor Patch Market dynamics, structure by analyzing the market segments and project the Global ECG Sensor Patch Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global ECG Sensor Patch Market makes the report investor’s guide.

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