Cardiopulmonary Exercise Testing Market Latest Technology, Market Share, Growth and Trends 2019 to 2023
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. In addition,
such tests allow evaluation of responses from integrative exercise for patients
having cardiovascular and pulmonary issues.
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Cardiopulmonary exercise testing has
undergone tremendous technological advancement over the years, making it more
accurate and efficient. The focus remains on improving the accuracy of
cardiopulmonary exercise testing. R&D efforts are made towards making
testing equipment portable and in the process making testing procedures much
more affordable. Introduction of devices to improve patient care and development
of system that facilitate relaxed testing environment, helping reduce patient
anxiety has taken cardiopulmonary exercise testing towards perfection.
Key
Players
MGC Diagnostics Corporation, GE Healthcare,
COSMED srl, Hill-Rom Holdings, Inc., Cardinal Health, Vyaire Medical, Inc.,
Halma plc., Masimo Corporation, Schiller AG, Koninklijke Philips N.V., and
NIHON KOHDEN CORPORATION are some of notable companies that are currently
operating in the global cardiopulmonary exercise testing market.
Segmentation
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. Of these, the cardiopulmonary exercise
testing systems segment is expected to post a health growth rate over in the
years to come. The segment currently accounts for the largest share of the
market. This is attributed to the increasing incidence of ischemia. Moreover,
cardiopulmonary exercise testing systems are a common medical equipment and
continue to witness high demand in the healthcare sector.
On the basis of end-user, the global cardiopulmonary
exercise testing market is segmented into hospitals and clinics, diagnostic
centers, ambulatory centers, and others. The hospitals and clinics segment is
currently holds the top position. 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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Research
Methodology
MRFR leverages its in-house expertise for
drawing insightful conclusions into the market. Extensive primary and secondary
research are undertaken which include SEC filings, interviews with stakeholders
across the value chain, whitepaper references, etc. for backing the research
findings. Top-down and bottom-up approaches employed validate the authenticity
of the statistical observations available in the report. Furthermore, a
multi-layer verification process is applied for eliminating deviations and
discrepancies.
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