Global Cardiopulmonary Exercise Testing Market Growth to be Propelled by Rise in the Research and Development on Cardiovascular Exercise Testing Devices by CAGR of ~5% During 2022 – 2031

 

Kenneth Research published a report titled “Cardiopulmonary Exercise Testing Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global cardiopulmonary exercise testing market in terms of market segmentation by end-user, product type, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global cardiopulmonary exercise testing market is expected to grow at ~5% CAGR over the forecast period, i.e., 2022-2031. The market is segmented by end-user into clinics & hospitals, ambulatory centers, and diagnostic centers, out of which, the clinics & hospitals segment is anticipated to hold the largest share over the forecast period owing to the rise in the number of patients arriving for treatment in the hospital and its high financial capability to keep updated technology for the diagnosis of the patient.

The rise in the research and development on cardiovascular exercise testing devices to detect the disease at an earlier stage is projected to increase the growth of the market. Moreover, a surge in the subsidies provided by the government for the advancement of healthcare infrastructure is further anticipated to spur the growth of the global cardiopulmonary exercise testing systems market.

Geographically, the global cardiopulmonary exercise testing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the North America region is estimated to witness noteworthy growth by the end of 2031 owing to an increase in the number of heart disease cases, and rising awareness among the people related to the cardiopulmonary exercise testing system for diagnosis of the disease.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increase in the Number of Heart Disease Cases Across the Globe to Drive the Growth of the Market

According to the World Health Organization, nearly 17.9 million people died from cardiovascular disease, accounting for 32% of all global deaths in 2019

Backed by the increase in the number of disease cases across the globe, there has been a growing demand for cardiopulmonary exercise testing devices for the diagnosis of diseases. Therefore, it is anticipated to drive the growth of the global cardiopulmonary exercise testing systems market.

However, the high cost of cardiopulmonary exercise testing systems and a lack of skilled workers for operating the systems are expected to operate as key restraint to the growth of global cardiopulmonary exercise market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global cardiopulmonary exercise testing market which includes company profiling of NIHON KOHDEN CORPORATION, MGC Diagnostics Corporation, VYAIRE MEDICAL, INC., Koninklijke Philips N.V., Schiller Americas, inc, General Electric Company, COSMED srl, Therma Fisher Scientific, Halma plc, Masimo, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cardiopulmonary exercise testing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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