Enjoy complimentary customisation on priority with our Enterprise License!
The global recording chart paper market size is estimated to grow by USD 753.71 million, at a CAGR of 6.01% between 2023 and 2028. The market is driven by the increasing adoption of automated systems in various industries. As automation becomes prevalent across sectors like manufacturing, healthcare, transportation, and energy, there is a heightened demand for chart paper used in monitoring and analyzing critical parameters. Automated production lines in manufacturing rely on chart recorders to monitor variables such as temperature and pressure for quality control. Similarly, in healthcare, automated medical devices generate data recorded on chart paper for patient monitoring. Compliance with stringent regulatory requirements further fuels the demand for reliable data recording methods, making chart paper a trusted medium. Thus, the rise in the adoption of automated systems across industries is expected to boost the growth of the market during the forecast period.
To learn more about this report,Download Report Sample
The market share growth by the hospitals segment will be significant during the forecast period. In hospitals, recording chart paper finds extensive application across various departments and medical devices. In cardiology, it utilized in electrocardiography (ECG) machines to record heart activity, aiding in the diagnosis and monitoring of cardiac conditions. In neurology, chart paper is employed in electroencephalography (EEG) devices to measure brain electrical activity, crucial for diagnosing epilepsy and other neurological disorders.
Get a glance at the market contribution of various segments Download PDF Sample
The hospitals segment was the largest and was valued at USD 798.07 million in 2018. Recording chart paper plays a vital role in modern healthcare across respiratory care units, surgical suites, and labor and delivery wards. It assists in pulmonary function tests, vital sign monitoring during surgeries, and fetal monitoring during labor. Prominent hospitals like the Mayo Clinic rely on these papers for diagnostic and monitoring tasks in departments such as cardiology and obstetrics. This widespread usage underscores the importance of such papers in facilitating accurate diagnosis, treatment, and patient monitoring. Hence, the global prevalence of recording chart paper in leading hospitals emphasizes its crucial role in modern healthcare delivery, underlining its significance and boosting the growth of the market during the forecast period.
In cardiology monitoring, recording chart paper is integral to various diagnostic equipment used for tracking and analyzing heart activity. Electrocardiography (ECG) machines rely on chart paper to document the electrical signals generated by the heart, aiding in the detection of abnormalities. ECG chart paper, available in different types such as grid paper, facilitates precise interpretation of heart rhythms. Additionally, Holter monitor paper enables continuous recording and analysis of heart rhythms over extended periods, crucial for detecting intermittent cardiac abnormalities. Leading vendors like Cardinal Health Inc. offer specialized chart paper tailored for Holter monitors, ensuring accurate and reliable recording. Moreover, stress test systems in cardiology utilize specialized graph paper engineered to withstand physical activity while accurately recording heart activity. The growing demand for precise cardiology monitoring, coupled with technological innovations, is expected to drive the market's growth during the forecast period.
For more insights about the market share of various regions Download PDF Sample now!
North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that will shape the market during the forecast period. North America represents a significant segment in the market, driven by advanced healthcare infrastructure, technological innovations, the ageing population, rising fertility rates, and an increase in cardiovascular illnesses. In addition, favorable government policies and a rise in research collaborations are a couple of the factors anticipated to propel the market expansion because of its developed healthcare market, high patient and birth rates, and supportive healthcare policies. A high prevalence of chronic diseases also contributes the market growth.
For instance, according to the Centers for Disease Control and Prevention (CDC), in July 2022, chronic diseases are broadly defined as conditions that last for a year or longer, limit daily activities, or both, and necessitate ongoing medical attention. The main causes of death and disability in the US are chronic illnesses like diabetes, cancer, and heart disease. Additionally, they are the main contributors to the USD 4.1 trillion in yearly healthcare costs in the country. Thus, the high prevalence of chronic diseases further increases the adoption of electronic health records (EHR) and digital medical imaging systems, complements the demand, as it remains essential for printing and archiving medical data, and further propels the growth of the regional market. during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Avantor Inc, - The company offers recording chart paper through its subsidiary VWR International such as VWR Temperature Chart Recorders, VWR Critical Print Cleanroom Chart Recorder Paper, Chart Recorder for Incubators, and others.
Avantor Inc, Cardinal Health Inc., CompareNetworks Inc., Dickson Inc., GeoCorp Inc., Honeywell International Inc., Merck KGaA, Precision Charts Inc., Shandong Ultra Paper Co. Ltd., Thermo Fisher Scientific Inc., and Yokogawa Electric Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market plays a crucial role in healthcare facilities, diagnostic centers, and labs where accurate digital monitoring devices and medical instruments are used. It supports the diagnosis and monitoring of cardiovascular diseases, including heart attacks and strokes, particularly among the geriatric population. Essential for fetal heart rate monitoring and ultrasound transducer examinations, chart paper records physiological characteristics and electrocardiography (ECG) and electroencephalography (EEG) data. These papers ensure reliable documentation of patient's medical state, aiding in accurate analysis and treatment decisions. As healthcare facilities increasingly integrate internet and digital technologies, the demand for specialized chart papers, including printed documents and chart sheets, continues to grow to meet stringent medical standards and enhance patient care outcomes.
The global recording chart paper market experiences significant growth due to the increasing utilization of automated systems in various sectors, including manufacturing, healthcare, transportation, and energy. Cardiovascular diseases, such as heart attacks and strokes, account for a substantial number of deaths worldwide, necessitating the use of recording chart paper for monitoring and analyzing critical parameters in healthcare settings. Fetal monitoring, geriatric population care, and digital monitoring devices are among the applications of recording chart paper in healthcare.
Further, recording chart paper, as well as Printing and Writing Paper, is also used in obstetrics monitoring solutions and ultra-premium ultrasound innovations. The market for recording chart paper and Printing and Writing Paper is expected to grow further due to the increasing use of medical instruments and gadgets in healthcare and the rising number of births and a decreasing fertility rate. Overall, the recording chart paper and printing and writing paper market plays a crucial role in addressing public health challenges and improving the quality of medical diagnostic procedures and patient care. The versatility of Printing and Writing Paper extends beyond medical applications, supporting various administrative needs in healthcare facilities, educational institutions, and commercial enterprises, ensuring efficient documentation and communication of vital information.
The increasing adoption of digital healthcare services is an emerging trend shaping the market growth. The surge in digital healthcare services drives demand for recording chart paper systems globally. These services, including telemedicine and electronic health records, rely on accurate data recording. Recording systems enable seamless integration by centralizing patient data capture and storage, facilitating real-time monitoring and remote consultations. Advancements in digital health, supported by initiatives like the U.S. Affordable Care Act, emphasize technology's role in healthcare improvement.
Moreover, healthcare informatics leverages technology to enhance patient care, increasing the need for recording chart paper. As healthcare systems worldwide embrace digital transformation to enhance access and engagement, the demand for such paper systems that integrate with digital services is poised to rise, fueling the market growth during the forecast period.
Resistance to change and reliance on traditional paper-based recording is a significant challenge hindering market growth. Despite digital advancements, industries hesitate to abandon familiar paper-based systems due to concerns about technology integration, training needs, and potential workflow disruptions. Regulatory requirements may also mandate paper-based recording, especially in sectors like healthcare and manufacturing.
Moreover, fears of job displacement and perceptions of digital complexity deter employees from embracing change. Concerns about data security and privacy further contribute to the preference for paper documentation in sensitive environments. These factors hinder the adoption of digital alternatives, potentially impeding the growth of the market during the forecast period.
The market forecast report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market serves critical roles in healthcare settings such as diagnostic centres and hospitals, catering to the needs of diverse medical applications. Essential for electrocardiography (ECG) sheets and electroencephalography (EEG) papers, it also supports spirometry, fetal monitoring, and temperature or pressure monitoring. With an aging population driving increased cases of cardiovascular diseases (CVD), CVD deaths and elderly care, the demand for accurate chart papers remains high. Innovations integrating artificial intelligence (AI) for enhanced diagnostics and ultrasound technology further elevate the importance of these papers in modern medical practices. As healthcare expenditure rises globally, the market for recording chart papers continues to expand to meet the growing needs of medical patients across various conditions and specialties.
Additionally, the demand for recording chart papers, including spirometry chart papers, fetal monitoring recording chart papers, temperature or pressure chart papers, reflects research interest in elderly population health, cancer cases, autoimmune illnesses, and milder conditions across industrial magazines and research papers. The recording chart papers demand is high, particularly in spirometry, foetal monitoring chart papers, and temperature or pressure charts, underscores the integration of ultra-premium ultrasound innovation and artificial intelligence (AI) capabilities into obstetrics monitoring solution.
Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.01% |
Market Growth 2024-2028 |
USD 753.71 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
5.39 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 42% |
Key countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading Comapnies, Market Positioning of Comapnies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Avantor Inc, Cardinal Health Inc., CompareNetworks Inc., Dickson Inc., GeoCorp Inc., Honeywell International Inc., Merck KGaA, Precision Charts Inc., Shandong Ultra Paper Co. Ltd., Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Download Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.