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ECG Sensor Patch Market Analysis | Coherent Market Insights

Read here the market research report on u201cECG Sensor Patch Marketu201d published by CMI team.<br><br>

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ECG Sensor Patch Market Analysis | Coherent Market Insights

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  1. Coherent Market InsightS Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. ECG Sensor Patch Market Analysis (2020-2027) • 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. The wearable patch continuously record the ECG of user, which aids in arrhythmia detection and management at the point of care. It also acts as triggering alarm for the cardiac patient about the stress levels and thus increasing the patient compliance.

  3. Figure 1. Global ECG Sensor Patch Market Value (US$ Mn), by Region, 2018

  4. Technological advancements in ECG sensor patch and new product launch is expected to propel the market growth • Market players are focused on technological advancement and product launch in the potential market, which is expected to drive the global ECG sensor patch market. For instance, in 2016, VitalConnect launched the VitalPatch biosensor at the 2016 HIMSS Conference. The lightweight, wireless patch continuously monitors and records single lead ECG, heart rate, variability, respiratory rate, and other parameters with clinical accuracy. • Increasing focus of researchers on monitoring various body parameters is expected to augment the market growth over the forecast period. For instance, in 2016, engineers at the University of California, San Diego developed the first flexible wearable device that records ECG heart signals and tracks levels of lactate, a biochemical that is a marker of physical effort, in real time.

  5. Rising strategic acquisitions and collaborations by market players for expanding their offerings in the market is expected to bolster the market growth. For instance, in January 2019, Medtronic Plc. announced to acquire EPIX Therapeutics, Inc. The acquisition is expected to expand Medtronic’s cardiac ablation portfolio for treating patient with cardiac arrhythmia. However, high cost of ECG sensor monitoring patch is expected to hinder the market growth. For instance, Welch Allyn subsidiary of Hill-Rom Holdings, Inc.’s., TAGecg Wearable ECG Sensor costs around US$ 966, which can cause cost burden to lower economic regions.

  6. Figure 2. Global ECG Sensor Patch Market Share (%), by Product Type, (2018-2026)

  7. Increasing prevalence of Atrial Fibrillation in North America is expected to bolster the market growth • North America holds dominant position in the global ECG sensor patch market over the forecast period, owing to increasing prevalence of atrial fibrillation and other cardiac conditions. According to American Heart Association, in 2016, stroke was a leading cause of death in the U.S. with around 2.7 million people in the country living with atrial fibrillation and around 800,000 suffering from a stroke, annually. It was due to block or bursts in the blood vessel that supplies blood to the brain. Therefore, increasing prevalence of atrial fibrillation boosts growth of the global ECG sensor patch market.

  8. Increasing product launches and product approval in the region is the major factor expected to propel the market growth. For instance, in 2017, Cardiac Insight launched Cardea Solo ECG sensor designed for diagnosing atrial fibrillation following cardiac ablation after receiving the U.S. Food and Drugs Administration (FDA) 510 (k) clearance. Moreover, increasing number of research and development activities and clinical trials to demonstrate the benefits of early detection of cardiac diseases is expected to augment the market growth. For instance, in 2018, the Scripps Translational Science Institute (STSI) in California, U.S., through the study mSToPS (mHealth Screening to Prevent Strokes), stated that wearable ECG patch demonstrated threefold improvement in diagnosis rate of atrial fibrillation than in usual care.

  9. Key Players • Major players operating in the global ECG sensor patch market include Medtronic Plc., Hill-Rome Holdings, Inc., iRhythm Technologies, Inc., AliveCor, Inc., Vivalnk, Inc., Cardiac Insight Inc., VitalConnect, LifeSignals, Inc., and Lief Therapeutics

  10. Request sample copy here • Request PDF brochure here • Request Customization here • Talk to Analyst • Buy Now • Reference: • https://www.coherentmarketinsights.com/market-insight/ecg-sensor-patch-market-2832

  11. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. • What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us: • Mr. Shah • Coherent Market Insights Pvt. Ltd. • Address: 1001 4th ave, #3200 Seattle, WA 98154, U.S. • Phone: +1-206-701-6702 • Email :sales@coherentmarketinsights.com

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