The global Cardiopulmonary Stress Testing Systems market size surpassed US$ 4.6 Bn in 2019 and expected to reach US$ 7.7 billiob by 2027 with a CAGR of 6% from 2020 to 2027.
Cardiopulmonary stress testing is performed to evaluate exercise capacity and predict outcome in patients diagnosed with heart failure. It is a non-invasive and highly sensitive stress test that evaluates the response of cardiovascular, pulmonary, neurophysiological, hematopoietic, and skeletal muscle systems to exercise. CPST plays an important role in the detection of ischemic heart disease, heart failure, shortness of breath, asthma, and other pulmonary disorders.
The primary goal of cardiac stress testing is to identify the risk stratification of coronary artery disease (CAD), which is one of the most common causes of deaths globally. It is a progressive condition that leads to the obstruction of blood vessels in the arteries providing blood to the heart muscles.
North America dominated the global cardiopulmonary stress testing systems market in 2018 and the trend is anticipated to continue during the forecast period. Continued adoption of cardiac monitoring equipment, presence of leading manufacturers of cardiac systems and rising prevalence of coronary artery diseases are expected to drive the market in North America.
Asia Pacific is likely to be a highly lucrative market for cardiopulmonary stress testing systems and it is expected to expand at a high CAGR during the forecast period owing to increasing disposable income, rise in geriatric population, and rising number of patients diagnosed with cardiovascular diseases and increase in adoption of advanced diagnosis & monitoring devices.
Rise in Geriatric Population to Drive Market
CPET Systems Segment to Dominate Market
North America to Dominate Global Market
Competitive Landscape
The global cardiopulmonary stress testing systems market has been segmented as follows:
By Type
By Region
Scope of Report
VRR’s report on the global cardiopulmonary stress testing systems market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2020 to 2027. The report provides revenue of the global cardiopulmonary stress testing systems market for the period 2017–2027, considering 2020 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global cardiopulmonary stress testing systems market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global cardiopulmonary stress testing systems market.
Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global cardiopulmonary stress testing systems market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global cardiopulmonary stress testing systems market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global cardiopulmonary stress testing systems market.
The report delves into the competitive landscape of the global cardiopulmonary stress testing systems market. Key players operating in the global cardiopulmonary stress testing systems market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global cardiopulmonary stress testing systems market that have been profiled in this report.
Key Questions Answered in Global Cardiopulmonary Stress Testing Systems Market Report
Research Methodology
A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global cardiopulmonary stress testing systems market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary methods referred to by analysts during the production of the global cardiopulmonary stress testing systems market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of VRR’s study on the cardiopulmonary stress testing systems market as primary methods.
These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the cardiopulmonary stress testing systems market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global cardiopulmonary stress testing systems market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global cardiopulmonary stress testing systems market more reliably and accurately.
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