Emerging Cardiopulmonary Exercise Testing Market 2019: Latest Technologies Improving Products Echocardiogram, Pulse Oximeters, Stress Blood Pressure Monitors, and Others

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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