Global Stress Tests Equipment Market Comprehensive Study : Forecasted Market Size And Growth Rate 2033 | Cardinal Health Inc., Philips Healthcare (Koninklijke Philips N.V.), GE Healthcare

"The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Stress Tests Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The stress tests equipment market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, aging population, healthcare infrastructure development, healthcare expenditure, awareness programs.

The stress tests equipment market size is expected to see strong growth in the next few years. It will grow to $3.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to remote monitoring solutions, personalized medicine, telemedicine expansion, data analytics and connectivity, emphasis on preventive healthcare. Major trends in the forecast period include integration of remote monitoring technologies, advancements in artificial intelligence and machine learning, rise of portable and wearable devices, emphasis on non-invasive testing methods, shift towards multimodal imaging solutions.

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Key Market Players:

Major companies operating in the stress tests equipment market report are Cardinal Health Inc., Philips Healthcare (Koninklijke Philips N.V.), GE Healthcare, Schiller AG, Hill-Rom Holdings Inc., Nihon Kohden Corporation, Meditech Equipment, Contec Medical Systems, BPL Medical Technologies, Neurosoft SA, EB Neuro S.p.A., Progetti Medical, DRE Medical, Medisoft Group, Custo Med GmbH, Ganshorn Medizin Electronic, Nasiff Associates, Norav Medical, Clarity Medical Pvt Ltd, Innomed Medical Developing and Manufacturing, Cortex Biophysik GmbH, Trismed Co. Ltd., Medset Medizintechnik GmbH, Cardionics, MEC - Medical Electronic Construction, ANA-MED Co. Ltd., Nasan Medical Electronics Pvt., SEIVA s.r.o., Thor, MES, Piston Medical

Market Drivers:

The increasing prevalence of cardiovascular diseases is expected to propel the growth of the stress tests equipment market going forward. Cardiovascular disease (CVD) is a general term for conditions affecting the heart or blood vessels, including coronary heart disease, cerebrovascular disease, peripheral arterial disease, and rheumatic heart disease. Stroke is a type of cardiovascular disease that occurs when there is a loss of blood flow to part of the brain, causing lasting brain damage, long-term disability, or even death. Stress testing equipment plays a crucial role in diagnosing certain heart conditions, including coronary artery disease and angina, which can help in the early detection and prevention of cardiovascular diseases. For instance, in May 2023, according to a report published by the Centers for Disease Control and Prevention, a US-based national public health agency, stroke accounted for 1 in 6 deaths from cardiovascular disease in 2021 in the United States, occurring every 40 seconds, with associated costs reaching nearly $56.5 billion, while the death rate in 2021 increased to 41.1 per 100,000 from 38.8 per 100,000 in 2020. Therefore, the increasing prevalence of cardiovascular diseases is driving the growth of the stress tests equipment market.

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The stress tests equipment market covered in this report is segmented -

1) By Product Type: Treadmill Stress Test Systems, Ergometry Equipment, Cardiopulmonary Exercise Testing (Cpet) Equipment, Exercise ECG Systems, Echocardiogram, Supplies And Accessories
2) By Technology: Wired, Wireless
3) By End-User: Hospitals, Diagnostic Centers, Ambulatory Care Centers, Research Institutes, Other End Users

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