Mexico - Latin America Ecg Patch And Holter Monitor Market Size & Outlook
- MedTech
- Cardiovascular Devices
- ECG Patch And Holter Monitor Market Outlook
- Cardiovascular Devices
Mexico - Latin America Ecg Patch And Holter Monitor Market, 2018-2030 (US$M)
Global Market
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Mexico ecg patch and holter monitor market highlights
- The Mexico ecg patch and holter monitor market generated a revenue of USD 7.9 million in 2022 and is expected to reach USD 19.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.8% 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.
Ecg patch and holter monitor market data book summary
| Market revenue in 2022 | USD 7.9 million |
| Market revenue in 2030 | USD 19.3 million |
| Growth rate | 11.8% (CAGR from 2022 to 2030) |
| Largest segment | Holter monitors |
| Fastest growing segment | ECG Patch |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 0.7% of the global ecg patch and holter monitor market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ecg patch and holter monitor market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 33.6 million by 2030.
Mexico was a major contributor in Latin America in 2021, due to the presence of local market players, supportive government regulations, and investments by international market players. For instance, according to Mexico’s new Health Accord in 2010, medical equipment approved in the U.S. or Canada can be approved on a fast-track basis in Mexico.
This helps decrease the approval and commercialization time of industry players, boosting the growth of the market in Mexico. In January 2016, NIHON KOHDEN CORPORATION announced its decision to open a sales subsidiary in Mexico.
In April 2016, Nihon Kohden Mexico started its operations, aiming to expand its regional reach and increase sales. Major players operating in the Mexico market are Koninklijke Philips NV, GE Healthcare, and Schiller AG.
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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 |
Mexico - 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 70.89% in 2022.
Horizon Databook has segmented the Mexico - 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.
Mexico was a major contributor in Latin America in 2021, due to the presence of local market players, supportive government regulations, and investments by international market players. For instance, according to Mexico’s new Health Accord in 2010, medical equipment approved in the U.S. or Canada can be approved on a fast-track basis in Mexico.
This helps decrease the approval and commercialization time of industry players, boosting the growth of the market in Mexico. In January 2016, NIHON KOHDEN CORPORATION announced its decision to open a sales subsidiary in Mexico.
In April 2016, Nihon Kohden Mexico started its operations, aiming to expand its regional reach and increase sales. Major players operating in the Mexico market are Koninklijke Philips NV, GE Healthcare, and Schiller AG.
- Mexico - Latin America Ecg Patch And Holter Monitor Market Product Outlook (Revenue, USD Million , 2018-2030)
- ECG Patch
- Holter Monitors
- Mexico - Latin America Ecg Patch And Holter Monitor Market Application Outlook (Revenue, USD Million , 2018-2030)
- Diagnostics
- Monitoring
- Mexico - 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 country-level data and insights on the Mexico - Latin America ECG Patch And Holter Monitor Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America ECG Patch And Holter Monitor Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Ecg Patch And Holter Monitor Market, 2018-2030 (US$M)
Mexico ecg patch and holter monitor market statistics, by product, 2018-2030 (US$M)
