Cardiopulmonary Exercise Testing Market Analysis
The global cardiopulmonary exercise testing market is likely to grow at a 5.80% CAGR between 2018- 2023, according to the new report by Market Research Future (MRFR). Cardiopulmonary exercise testing, simply put, is conducted for assessing the health of a person’s cardiopulmonary organs. This enables physicians to accurately measure the exercise capacity as well as the patient’s anticipated outcome with heart or other cardiac ailments. Besides, these tests help in the evaluation of responses from integrative exercise for patients that have pulmonary and cardiovascular issues. It is widely used in ambulatory surgical centers, diagnostic centers, hospitals and clinics, and others.
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Various factors are adding to the global cardiopulmonary exercise testing systems market share. These factors, as per the new MRFR report, include growth in cardiovascular centers for new technology expansion and enhanced diagnostics, the introduction of ECG devices that have high sensitivity, developing portable device industry, growing awareness about new lifestyle diseases together with lung and heart disorders, and growing diagnostic techniques for cardiovascular-related disorders like arrhythmia and heart valve imbalance.
On the contrary, constrained returns, complexity in research and development, the impact of the ongoing COVID-19 outbreak, and higher expense are factors that may limit the global cardiopulmonary exercise testing market growth over the forecast period.
Cardiopulmonary Exercise Testing Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global cardiopulmonary exercise testing market based on end user and product.
By product, the global cardiopulmonary exercise testing market is segmented into stress blood pressure monitors, pulse oximeters, echocardiogram, single-photon emission computed tomography (SPECT), cardiopulmonary exercise testing (CPET) systems, and others. Of these, the CPET systems will lead the market over the forecast period.
By end user, the global cardiopulmonary exercise testing market is segmented into ambulatory surgical centers, diagnostic centers, hospitals and clinics, & others. Among these, hospitals & clinics will spearhead the market over the forecast period.
Cardiopulmonary Exercise Testing Market Regional Analysis
Based on the region, the global cardiopulmonary exercise testing market report covers the recent trends and growth opportunities across Europe, the Americas, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the Americas will spearhead the market over the forecast period. High disposable income, growing awareness among people, presence of key manufacturers, the rise in awareness programs, rising cases of coronary artery diseases like angina pectoris and acute myocardial infraction are adding to the growth of the cardiopulmonary exercise testing market in the region. Besides, increasing use of early diagnostic practices and growing patient population, which demands proper care are also adding market growth.
The global cardiopulmonary exercise testing market in Europe is predicted to hold the second-largest share over the forecast period. Increased healthcare spending, rising disposable income, improving economies, growing number of cardiac disorders, growing government initiatives for promoting research in discovering a cure for the rising cardiac disorders, and developing pharmaceutical sector are adding to the cardiopulmonary exercise testing market growth over the forecast period.
The global cardiopulmonary exercise testing market is predicted to grow at a high CAGR over the forecast period. Increased investments in India and China, developing healthcare infrastructure, low labor cost, low manufacturing cost, and increasing patient population are adding to the cardiopulmonary exercise testing market growth in the region.
The global cardiopulmonary exercise testing market in the MEA is predicted to have the smallest share over the forecast period but is likely to grow with growing consumer awareness, rising disposable income, and demand for better healthcare facilities.
Cardiopulmonary Exercise Testing Market Studied by Top Key Players
Eminent players profiled in the global cardiopulmonary exercise testing market report include Vyaire Medical, Inc., Schiller AG, Masimo Corporation, NIHON KOHDEN CORPORATION, MGC Diagnostics Corporation, Koninklijke Philips NV, Hill-Rom Holdings, Inc., Halma PLC, GE Healthcare, COSMED SRL, and Cardinal Health.
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