According to Fact MR’s recent market research, sales of Cardiopulmonary Stress Testing Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Cardiopulmonary Stress Testing Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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Global cardiopulmonary stress testing devices market is poised to expand positively at a CAGR of 4.8% during the forecast period (2020-2025). Cardiovascular Disease (CVD) remains one of the leading causes of death across the world. The condition is responsible for 17.1 million deaths globally in 2015. Out of these, around three-quarters of the deaths occurred in low to middle-income countries.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Cardiopulmonary Stress Testing Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Cardiopulmonary Stress Testing Devices
The report offers actionable and valuable market insights of Cardiopulmonary Stress Testing Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Cardiopulmonary Stress Testing Devices Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Cardiopulmonary Stress Testing Devices, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Cardiopulmonary Stress Testing Devices Market.
Global Cardiopulmonary Stress Testing Systems Market Segmentation
Fact.MR has studied the global cardiopulmonary stress testing systems market with detailed segmentation on the basis of product, end-user and region.
- Cardiopulmonary Exercise Testing (CPET) Systems
- Stress ECG
- Pulse Oximeters
- Stress Blood Pressure Monitors
- Single-photon Emission Computed Tomography (SPECT)
- Specialty Clinics/Cardiology Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
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Report Benefits & Key Questions Answered
- Cardiopulmonary Stress Testing Devices Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Cardiopulmonary Stress Testing Devices Historical volume analysis: The report provides a comparison of Cardiopulmonary Stress Testing Devices’s historical sales and projected sales performance for 2021-2031.
- Cardiopulmonary Stress Testing Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Cardiopulmonary Stress Testing Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Cardiopulmonary Stress Testing Devices Consumption by demographics: The report investigates consumer behavior affecting Cardiopulmonary Stress Testing Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Cardiopulmonary Stress Testing Devices market is carefully analyzed
- Post COVID consumer spending on Cardiopulmonary Stress Testing Devices: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Cardiopulmonary Stress Testing Devices market growth.
Stakeholders to Innovate and Incorporate Advanced Technologies
Schiller AG is a pioneer in the global cardiopulmonary stress testing services market. The company has been continuously improving its product pipeline and technologies for patient assessment via stress tests.
The company manufactures the CARDIOVIT AT-200 EXCELLENCE ERGOSPIRO which can perform both pulmonary function tests (PFTs) and metabolic tests with diagnostic quality-12 or 16-leade exercise ECG conveniently and accurately in a single device.
Likewise, VYAIRE MEDICAL INC., produces the Vmax and Vyntus CPX CPET devices. The latter device is equipped with a digital volume transducer (DVT) flow sensory technology which provides an accurate and reliable flow and volume measurement of cardiac functioning.
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Key Takeaways of Global Cardiopulmonary Stress Testing Services Market Study:
- By product type, the cardiopulmonary exercise testing (CPET) system shall capture more than half of the total cardiopulmonary stress testing services market. This is attributed to its distinct advantage of providing a reliable measurement of a patient’s functional capacity. This enables practitioners to accurately determine the prognosis of heart diseases.
- Stress ECGs are anticipated to soar in popularity amid soaring infection rates of COVID-19 and given the increasing market penetration of key manufacturers such as Koninklijke Philips N.V, GE Healthcare and Schiller AG. These companies manufacture devices such as the DXL 16-Lead ECG Algorithm, the CASE Exercise Testing System and the CARDIOVIT AT-180 High-performance 16-channel ECG system. The segment shall capture nearly 1/5th of the global cardiopulmonary stress testing systems market, expanding 1.3x during the forecast period.
- By end-user, the diagnostic test centers segment shall expand rapidly, owing to increasing number of medical procedures at outpatient settings in highly populated countries. Moreover, affordability of treatment and availability of post-procedure consultation are other growth drivers. The segment is anticipated to grow at a CAGR of 5.2% during the forecast period.
- By region, North America shall account for the lion’s share in the global cardiopulmonary stress testing systems market, capturing one-third of the overall market. With North America currently being the epicenter of COVID-19 crisis, sales are further set to soar. Increasing hospitalization rates and rising efficiency in accurate diagnostics of cardiovascular diseases are anticipated to leverage the market.
- Asia-Pacific shall emerge as the most lucrative region, attributable to deeper market penetration by key players and increased awareness about stress testing. A CAGR of 5.4% is predicted for the Asia-Pacific cardiopulmonary stress testing systems market. The anticipated market share is pegged at over one-fourth.
- Key manufacturers are anticipated to witness an upsurge in their production capabilities, owing to favorable government regulations to combat the COVID-19 pandemic. For instance, the US FDA has provided clearance to utilize extracorporeal membrane oxygenation (ECMO) and cardiopulmonary devices in increased capacity. It is anticipated that using ECMO reduces chances of complications among heart patients.
“The global cardiopulmonary stress testing systems market shows an upward trajectory. Rising prevalence of CVDs and ongoing COVID-19 pandemic has prompted manufacturers to introduce more efficient cardiopulmonary stress testing systems through consistent innovations in their product pipeline,” concludes a Fact.MR analyst.
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