ECG sensor patches provide easy and contact-free ECG recording by attaching small sensor patches connected to wires on the skin of patients. These patches are able to record ECG readings with accuracy and transmit the data to monitoring systems or smartphones for doctors to access the reports remotely. This eliminates the need for hospital visits or using handheld ECG machines, providing convenience to users.

The global ECG Sensor Patch Market is estimated to be valued at US$ 1.95 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased demand for remote patient monitoring services from healthcare providers as well as patients has been a key trend spurring the growth of the ECG sensor patch market. ECG sensor patches allow continuous monitoring of cardiac conditions without restricting the movement of patients. They transmit data to interfaces accessible by healthcare professionals, allowing remote diagnosis and management of cardiac issues. This has provided huge convenience during the pandemic, reducing the load on healthcare facilities. The ability of ECG sensor patches to record readings 24/7 without any interruptions has boosted their adoption in remote monitoring services.

Segment Analysis

Content: The global ECG sensor patch market is dominated by the single-use ECG sensor patches sub-segment due to the growing preference of patients and clinicians towards single-use devices. Single-use ECG sensor patches help in avoiding the risk of cross-contamination associated with reusable devices, making them a safer option.

Key Takeaways

The Global ECG Sensor Patch Market Share is expected to witness high growth over the forecast period of 2024 to 2031. With the market size for 2024 estimated to be US$ 1.95 Bn, registering a CAGR of around 11%.

Regional analysis: North America dominates the global ECG sensor patch market currently due to the well-established healthcare infrastructure and rising prevalence of cardiovascular diseases in the region. The presence of leading market players and availability of advanced treatments are some of the other factors contributing to the large share of the North America region. Asia Pacific is expected to be the fastest growing market during the forecast period owing to growing medical tourism, rising healthcare expenditures and increasing awareness about heart diseases.

Key players: Key players operating in the ECG sensor patch market include Sartorius Stedim Biotech, Cardiac Insight Inc., Verily, Vivalnk, Biotricity etc. Sartorius Stedim Biotech dominates the overall market with its wide range of single-use ECG sensor patches for various applications. Cardiac Insight Inc. has a strong presence in the United States region.

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https://www.newsstatix.com/ecg-sensor-patch-market-size-share-growth-outlook-2023/