PUBLISHER: The Business Research Company | PRODUCT CODE: 1458750
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458750
Stress test equipment is used in medical settings to assess cardiovascular function and detect abnormalities by subjecting the body to controlled physical or pharmacological stress. These tests help evaluate cardiac function, detect coronary artery disease, assess exercise tolerance, and determine cardiovascular risk factors.
The main types of stress test equipment include treadmill stress test systems, ergometry equipment, cardiopulmonary exercise testing (CPET) equipment, exercise ECG systems, echocardiograms, and supplies and accessories. Treadmill stress test systems use exercise with electrocardiography (ECG) and blood pressure monitoring to assess the heart's response to external stress in a clinical setting. These systems can utilize various technologies, including wired and wireless, and are used by hospitals, diagnostic centers, ambulatory care centers, research institutes, and other healthcare facilities.
The stress tests equipment market research report is one of a series of new reports from The Business Research Company that provides stress tests equipment market statistics, including stress tests equipment industry global market size, regional shares, competitors with a stress tests equipment market share, detailed stress tests equipment market segments, market trends and opportunities, and any further data you may need to thrive in the stress tests equipment industry. This stress tests equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 several factors, including the increasing prevalence of chronic diseases, an aging population, healthcare infrastructure development, healthcare expenditure, and 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 forecasted growth in the healthcare market can be attributed to several factors, including the increasing adoption of remote monitoring solutions, the advancement of personalized medicine, the expansion of telemedicine services, the utilization of data analytics and connectivity, and a growing emphasis on preventive healthcare. Major trends expected in this period include the integration of remote monitoring technologies into healthcare systems, advancements in artificial intelligence and machine learning for more precise diagnostics and treatments, the rise of portable and wearable healthcare devices, an emphasis on non-invasive testing methods, and a shift towards multimodal imaging solutions for better patient care.
The rising prevalence of cardiovascular diseases (CVD) is expected to drive the growth of the stress tests equipment market. CVD encompasses various conditions affecting the heart or blood vessels, including coronary heart disease, cerebrovascular disease, peripheral arterial disease, and rheumatic heart disease. Stroke, a type of CVD resulting from a loss of blood flow to part of the brain, can cause lasting brain damage, disability, or death. Stress testing equipment plays a critical role in diagnosing heart conditions such as coronary artery disease and angina, aiding in the early detection and prevention of CVD. For example, a report from the Centers for Disease Control and Prevention in May 2023 revealed that stroke accounted for 1 in 6 cardiovascular disease deaths in the United States in 2021, occurring every 40 seconds, with associated costs nearing $56.5 billion. The death rate from CVD in 2021 rose to 41.1 per 100,000 from 38.8 per 100,000 in 2020. These trends underscore the importance of stress testing equipment in managing CVD, thereby driving market growth.
The increasing prevalence of cardiovascular diseases is expected to drive the growth of the stress tests equipment market. Cardiovascular disease (CVD) encompasses various conditions affecting the heart or blood vessels, such as coronary heart disease, cerebrovascular disease, peripheral arterial disease, and rheumatic heart disease. Stroke, a type of CVD, results from a loss of blood flow to part of the brain, leading to lasting brain damage, long-term disability, or death. Stress testing equipment plays a vital role in diagnosing heart conditions such as coronary artery disease and angina, aiding in the early detection and prevention of cardiovascular diseases. For example, in May 2023, a report from the Centers for Disease Control and Prevention revealed that 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. The death rate from stroke increased to 41.1 per 100,000 in 2021 from 38.8 per 100,000 in 2020. Thus, the rising prevalence of cardiovascular diseases is fueling the growth of the stress tests equipment market.
In January 2023, CAIRE Inc., a US-based global manufacturer of oxygen supply equipment, acquired MGC Diagnostics Holdings Inc. for $170.2 million. This acquisition marks a strategic move for CAIRE, expanding its clinical healthcare portfolio and accelerating its growth. The acquisition also enhances CAIRE's access to diagnostic solutions, diversifies its offerings, and represents a significant financial investment. MGC Diagnostics Holdings Inc. is a US-based provider of stress test equipment, including metabolic stress testing systems with pulmonary function capabilities.
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
North America was the largest region in the stress tests equipment market in 2023. 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.
The countries covered in the stress tests equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The stress tests equipment market consists of revenues earned by entities by providing services such as stress test interpretation, equipment maintenance and repair, training and education programs, clinical consultation, and software support for data analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The stress tests equipment market also includes sales of products such as remote monitoring systems, portable stress test carts, stress test data management systems, and more. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Stress Tests Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on stress tests equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for stress tests equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The stress tests equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.