Latin America Ecg Patch And Holter Monitor Market Size & Outlook
- MedTech
- Cardiovascular Devices
- ECG Patch And Holter Monitor Market Outlook
- Cardiovascular Devices
Latin America Ecg Patch And Holter Monitor Market, 2018-2030 (US$M)
Global Market
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Latin America ecg patch and holter monitor market highlights
- The Latin America ecg patch and holter monitor market generated a revenue of USD 41.5 million in 2022.
- The market is expected to grow at a CAGR of 11.6% from 2023 to 2030.
- In terms of segment, holter monitors was the largest revenue generating product in 2022.
- ECG Patch is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 41.5 million |
| Market revenue in 2030 | USD 99.8 million |
| Growth rate | 11.6% (CAGR from 2022 to 2030) |
| Largest segment | Holter monitors |
| Fastest growing segment | ECG Patch |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ECG Patch, Holter Monitors |
| Key market players worldwide | Medtronic PLC, Hill-Rom, IRhythm Technologies Inc, Nihon Kohden Corp, Koninklijke Philips NV, GE Aerospace, FUKUDA DENSHI USA Inc, Spacelabs Healthcare, MidMark Corporation, SCHILLER, Cardiac Insight, Nissha Medical Technologies, VitalConnect, LifeSignals, Nasiff Associates Inc, Lief Therapeutics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.5% of the global ecg patch and holter monitor market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 3,384.3 million by 2030.
The Latin American ECG patch and Holter monitor market is majorly driven by factors like growing investment by market players in the region, proximity to North America, and free-trade agreements with major countries, such as the U.S., Canada, Japan, & other European countries.
Supportive government regulations to commercialize medical devices in the country are expected to impel market growth. For instance, most of the Latin American countries only require the U.S. FDA or CE mark approval for filing of marketing approvals.
For instance, in September 2016, Colombia’s National Food and Drug Surveillance Institute granted an INVIMA certification to high-resolution ECG devices manufactured by Aerotel Medical Systems. With the approval the started distribution, in Colombia, of its HeartLine ECG and Telemetry product.
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ECG Patch And Holter Monitor Market Scope
ECG Patch And Holter Monitor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| MidMark Corporation | View profile | 1001-5000 | Dayton, Ohio, United States, North America | www.midmark.com/ |
| Nihon Kohden Corp | View profile | 6,325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | www.nihonkohden.co.jp |
| SCHILLER | View profile | 501-1000 | Feldkirchen, Bayern, Germany, Europe | www.schillermed.de/ |
| Spacelabs Healthcare | View profile | 1001-5000 | Snoqualmie, Washington, United States, North America | www.spacelabshealthcare.com |
| FUKUDA DENSHI USA Inc | View profile | 1001-5000 | Redmond, Washington, United States, North America | fukuda.com |
| IRhythm Technologies Inc | View profile | 2,000 | 699 8th Street, Suite 600, San Francisco, CA, United States, 94103 | www.irhythmtech.com |
Latin America ECG Patch And Holter Monitor Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ECG Patch And Holter Monitor Market Outlook will help companies and investors design strategic landscapes.
Holter Monitors was the largest segment with a revenue share of 70.84% in 2022.
Horizon Databook has segmented the Latin America ecg patch and holter monitor market based on ecg patch, holter monitors covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American ECG patch and Holter monitor market is majorly driven by factors like growing investment by market players in the region, proximity to North America, and free-trade agreements with major countries, such as the U.S., Canada, Japan, & other European countries.
Supportive government regulations to commercialize medical devices in the country are expected to impel market growth. For instance, most of the Latin American countries only require the U.S. FDA or CE mark approval for filing of marketing approvals.
For instance, in September 2016, Colombia’s National Food and Drug Surveillance Institute granted an INVIMA certification to high-resolution ECG devices manufactured by Aerotel Medical Systems. With the approval the started distribution, in Colombia, of its HeartLine ECG and Telemetry product.
- Latin America Ecg Patch And Holter Monitor Market Product Outlook (Revenue, USD Million , 2018-2030)
- ECG Patch
- Holter Monitors
- Latin America Ecg Patch And Holter Monitor Market Application Outlook (Revenue, USD Million , 2018-2030)
- Diagnostics
- Monitoring
- Latin America Ecg Patch And Holter Monitor Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals & Clinics
- Ambulatory Facilities
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ECG Patch And Holter Monitor Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America ECG Patch And Holter Monitor Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Ecg Patch And Holter Monitor Market, 2018-2030 (US$M)
Latin America ecg patch and holter monitor market statistics, by product, 2018-2030 (US$M)
