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Rising Cardiovascular Disease Rates Propel Stress Tests Equipment Market Growth: Core Growth Enabler in the Stress Tests Equipment Market, 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Will the Stress Tests Equipment Industry Market Size Be by 2025?
The market size for stress test equipment has seen significant expansion in the past few years. The market value is forecasted to rise from $2.99 billion in 2024 up to $3.22 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. The growth experienced in the previous periods is due to factors such as the rising prevalence of chronic illnesses, an aging populace, enhancements in healthcare infrastructure, healthcare spending, and awareness campaigns.
What's the Long-Term Growth Forecast for the Stress Tests Equipment Market Size Through 2029?
The market for stress test equipment is forecasted to experience considerable growth in the coming years, expanding to $4.1 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. The projected growth in this period can be credited to factors such as the adaptation of remote monitoring solutions, the rise of personalized medicine, expansion of telemedicine, data analytics, and connectivity, and a focus on preventive healthcare. Key trends predicted to influence the market during the forecast period are the implementation of remote monitoring technologies, advancements in both artificial intelligence and machine learning, an increase in portable and wearable devices, prioritization of non-invasive testing methods, and a shift towards multimodal imaging solutions.
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What Are the Key Growth Drivers Fueling the Stress Tests Equipment Market Expansion?
The rise in cardiovascular diseases is predicted to drive the expansion of the stress tests equipment market. Cardiovascular disease (CVD) represents a variety of conditions impacting the heart or blood vessels, such as coronary heart disease, cerebrovascular disease, peripheral arterial disease, and rheumatic heart disease. A stroke, which is a form of cardiovascular disease, happens when blood flow to a part of the brain ceases, resulting in permanent brain damage, long-term disability, or even death. Stress testing equipment is essential for the diagnosis of certain heart issues like coronary artery disease and angina, contributing to early detection and prevention of cardiovascular diseases. For example, a report by the British Heart Foundation (BHF), a UK-based charity for research funding and awareness raising about heart and circulatory diseases, stated in September 2024 that about 7.6 million people in the UK suffer from heart and circulatory diseases. It is estimated that the number of individuals in the UK living with heart and circulatory diseases could rise by 1 million by 2030, and possibly by 2 million by 2040, on top of current numbers. Thus, the rising prevalence of cardiovascular diseases is fuelling the growth of the stress tests equipment market.
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What Are the Key Trends Driving Stress Tests Equipment Market Growth?
Leading corporations involved in the stress testing equipment market are forging ahead with the development of progressive products such as 3D intracardiac echocardiography. This initiative is aimed at improving the accuracy of cardiac imaging while providing thorough, real-time evaluations of heart structures during stress testing and various cardiac processes. 3D intracardiac echocardiography (ICE) is an innovative imaging method that utilizes a unique catheter equipped with an ultrasound probe. This tool can generate three-dimensional images of the heart from within its chambers or surrounding vessels. For instance, in May 2024, VeriSight Pro catheter, a 3D intracardiac echocardiography device providing superior quality 2D and 3D live imaging vital for intricate interventional procedures, was launched by Koninklijke Philips N.V, a health technology enterprise based in Philips, at hospitals in Hong Kong. This device allows for concurrent viewing of several scanning planes, thereby boosting procedural precision. It is designed in such a way that it minimizes the need for sedation or general anesthesia, leading to more rapid workflows and reduced procedure times.
How Is the Stress Tests Equipment Market Segmented?
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
Subsegments:
1) By Treadmill Stress Test Systems: Manual Treadmills, Motorized Treadmills
2) By Ergometry Equipment: Cycle Ergometers, Arm Ergometers
3) By Cardiopulmonary Exercise Testing (CPET) Equipment: Portable CPET Systems, Stationary CPET Systems
4) By Exercise ECG Systems: Wireless ECG Monitors, Standard ECG Machines
5) By Echocardiogram: Portable Echocardiograms, Stationary Echocardiograms
6) By Supplies and Accessories: Electrodes, Cables And Connectors, Other Accessories
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Which Companies Are Leading the Charge in Stress Tests Equipment Market Innovation?
Major companies operating in the stress tests equipment market report are Cardinal Health Inc., 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, Custom 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
Which Regions Are Leading the Global Stress Tests Equipment Market in Revenue?
North America was the largest region in the stress tests equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the stress tests equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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