South Africa Ecg Patch And Holter Monitor Market Size & Outlook
- MedTech
- Cardiovascular Devices
- ECG Patch And Holter Monitor Market Outlook
- Cardiovascular Devices
South Africa Ecg Patch And Holter Monitor Market, 2018-2030 (US$M)
Global Market
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South Africa ecg patch and holter monitor market highlights
- The South Africa ecg patch and holter monitor market generated a revenue of USD 3.1 million in 2022 and is expected to reach USD 6.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.9% 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 3.1 million |
| Market revenue in 2030 | USD 6.6 million |
| Growth rate | 9.9% (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, South Africa accounted for 0.3% 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 Middle East & Africa, Saudi Arabia ecg patch and holter monitor market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.6 million by 2030.
South Africa has a growing prevalence of heart diseases due to increasing obesity. CVDs account for 18% of the total deaths caused by non-communicable disorders. In a hospital-based study in South Africa, it was found that 4.6% of cardiology patients had AFib.
This resulted in an estimated prevalence of 5.6 cases per 100,000 population per year. High prevalence of CVDs, such as AFib, leads to an increase in demand for wearable ECG monitoring devices and offers potential market opportunities for ECG patches & portable Holter monitors.
The high obesity rate in the country increases predisposition to CVDs, driving the need for early detection. In 2015, the health department of South Africa formulated a strategy for prevention and control of obesity & CVDs, to be implemented between 2015 and 2020.
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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 |
South Africa 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 51.61% in 2022.
Horizon Databook has segmented the South Africa ecg patch and holter monitor market based on ecg patch, holter monitors covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa has a growing prevalence of heart diseases due to increasing obesity. CVDs account for 18% of the total deaths caused by non-communicable disorders. In a hospital-based study in South Africa, it was found that 4.6% of cardiology patients had AFib.
This resulted in an estimated prevalence of 5.6 cases per 100,000 population per year. High prevalence of CVDs, such as AFib, leads to an increase in demand for wearable ECG monitoring devices and offers potential market opportunities for ECG patches & portable Holter monitors.
The high obesity rate in the country increases predisposition to CVDs, driving the need for early detection. In 2015, the health department of South Africa formulated a strategy for prevention and control of obesity & CVDs, to be implemented between 2015 and 2020.
- South Africa Ecg Patch And Holter Monitor Market Product Outlook (Revenue, USD Million , 2018-2030)
- ECG Patch
- Holter Monitors
- South Africa Ecg Patch And Holter Monitor Market Application Outlook (Revenue, USD Million , 2018-2030)
- Diagnostics
- Monitoring
- South Africa 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 South Africa ECG Patch And Holter Monitor Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa ECG Patch And Holter Monitor Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Ecg Patch And Holter Monitor Market, 2018-2030 (US$M)
South Africa ecg patch and holter monitor market statistics, by product, 2018-2030 (US$M)
