In a recently published report, Cardiopulmonary Stress Testing Systems Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cardiopulmonary Stress Testing Systems Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Cardiopulmonary Stress Testing Systems Market is valued approximately USD 477 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.90 % over the forecast period 2020-2027. Cardiopulmonary Stress Testing Systems allows the doctor to measure the lungs and heart of a person are in proper working conditions during exercise. The amount of oxygen consumed by the person when riding a bike or walk on a treadmill is used to assess various conditions like cardiomyopathy, dyspnea, hypertrophic and pulmonary hypertension. Further, rising prevalence of cardiovascular and pulmonary disorders such as heart valve imbalance, arrhythmia are key factors driving the growth of the market. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition.
The growth of the market is attributed owing to the rising geriatric population and increase in prevalence of coronary artery disease such as angina pectoris and myocardial infarction are expected to drive the growth of the market. According to the American Heart Association 2017, 12.65 million people were living with ischemic heart disease, and it was more prevalent in males and in females (68.50 and 57.90 million people respectively). Also, 2017 ischemic heart disease mortality rates were generally lower 150 per 100,000 for most of the world but 280 per 100,000 in Eastern Europe and Central Asia. Eastern Europe, North America and Middles East have the highest prevalence rates of ischemic heart disease in the world. Thus, the demand for cardiopulmonary stress testing systems would increase thereby, aiding the growth of the market. However, Stringent FDA Regulations is hampering the growth of the market during the forecast period of 2020-2027.
The regional analysis of global Cardiopulmonary Stress Testing Systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the rising prevalence of cardiovascular and pulmonary disorders such as arrhythmia, heart failures, ischemic heart disease, dyspnea and heart valve imbalance in the United States which generates higher demand for the CPST. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
MGC Diagnostics Corporation
General Electric Company
Koninklijke Philips N V
Hill-Rom Holdings Inc
OSI Systems Inc
Care Medical Ltd
Cardiac Science Corp
Thermo Fisher Scientific Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Product Type:
Stress Blood Pressure Monitors
Exercise Testing Systems
Ambulatory Surgical Centers
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Cardiopulmonary Stress Testing Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
About Kenneth Research
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