Cardiopulmonary Exercise Testing Market Research Report by Product (Echocardiogram, Pulse Oximeters, Stress Blood Pressure Monitors, and Others), End-user (Hospital/Clinical Laboratories, Diagnostic Centers, Ambulatory Centers, and Others), and Region (APAC, Europe, North America, RoW)–Global Forecast to 2023.
Market Scenario
Cardiopulmonary exercise testing is conducted to assess the health of cardiopulmonary organs of a person. It allows physicians to accurately measure the exercise capacity and anticipated outcome in patient with heart ailments or any other cardiac condition.
Increased prevalence of cardiac disorders has led to a gradual rise in cardiopulmonary exercise testing. In 2017, the global market for cardiopulmonary exercise testing was valued at USD 2248.21 Mn. The cardiopulmonary exercise testing market in the region is poised to grow at a compound annual growth rate of 5.75% between 2018 and 2023.
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cardiopulmonary exercise testing is an effective way of analyzing heart condition and cardiopulmonary attributes. The test procedure includes electrocardiography analysis, blood pressure, etc. Such tests are extremely common in advanced countries owing to the high level of awareness among people along with rising health consciousness. This characterizes the exponential growth of cardiopulmonary exercise testing in North America. The presence of a world-class healthcare system that is highly competent puts the region’s market at a favorable position.
Key Players
GE Healthcare, Cardinal Health, Halma plc., Koninklijke Philips N.V., COSMED srl, Masimo Corporation, Hill-Rom Holdings, Inc., MGC Diagnostics Corporation, NIHON KOHDEN CORPORATION, Schiller AG and Vyaire Medical, Inc
Segmentation
MRFR’s report includes a comprehensive segmental analysis of the market based on products and end-user.
On the basis of product, the market has been segmented into cardiopulmonary exercise testing (CPET) systems, echocardiogram, pulse oximeters, stress blood pressure monitors, single-photon emission computed tomography (SPECT), and others.
On the basis of end-user, the global cardiopulmonary exercise testing market is segmented into hospitals and clinics, diagnostic centers, ambulatory centers, and others.
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The segment is projected to reach a market valuation of over USD 1100 Mn by the year 2023, reflecting an impressive growth rate. Growing need for diagnosis and treatment of heart diseases and coronary diseases is supporting the growth of the segment.
Regional Analysis
The market has been covered across major regions such as Europe, North America, South America, the Middle East & Africa (MEA) and Asia Pacific (APAC).
North America and South America collectively accounted for the largest market in 2017 and the trend is likely to continue in 2018 and beyond. Presence of a large patient population and availability of cutting-edge medical technology put the Americas, in particular North America at an advantageous position in the global cardiopulmonary exercise testing market. In addition, widespread awareness about advantages of early diagnostics is creating growth opportunities for market in North America.
Meanwhile, Europe represent the second largest market for cardiopulmonary exercise testing. Factors such as high healthcare expenditure and availability of medical welfare schemes are having positive impact on the regions market.
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The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
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