The stress tests equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Stress Tests Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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 increasing prevalence of chronic diseases,
aging population, healthcare infrastructure development, healthcare
expenditure, 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 growth in the forecast period can be attributed to remote monitoring solutions, personalized medicine, telemedicine expansion, data analytics and connectivity, emphasis on preventive healthcare. Major trends in the forecast period include integration of remote monitoring technologies, advancements in artificial intelligence and machine learning, rise of portable and wearable devices, emphasis on non-invasive testing methods, shift towards multimodal imaging solutions.
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Scope Of Stress Tests Equipment Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Stress Tests Equipment Market Overview
Market Drivers -
The
increasing prevalence of cardiovascular diseases is expected to propel
the growth of the stress tests equipment market going forward.
Cardiovascular disease (CVD) is a general term for conditions affecting
the heart or blood vessels, including coronary heart disease,
cerebrovascular disease, peripheral arterial disease, and rheumatic
heart disease. Stroke is a type of cardiovascular disease that occurs
when there is a loss of blood flow to part of the brain, causing lasting
brain damage, long-term disability, or even death. Stress testing
equipment plays a crucial role in diagnosing certain heart conditions,
including coronary artery disease and angina, which can help in the
early detection and prevention of cardiovascular diseases. For instance,
in May 2023, according to a report published by the Centers for Disease
Control and Prevention, a US-based national public health agency,
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, while the death rate in 2021 increased to
41.1 per 100,000 from 38.8 per 100,000 in 2020. Therefore, the
increasing prevalence of cardiovascular diseases is driving the growth
of the stress tests equipment market.
Market Trends -
Major
companies operating in the stress testing equipment market are
increasing their focus on developing advanced solutions, such as smart
cardiac stress testing systems, to gain a competitive edge in the
market. A smart cardiac stress testing system is a type of cardiac
stress test equipment that uses innovative technologies and smart design
to solve common challenges associated with cardiac stress testing. For
instance, in April 2021, Hill-Rom Holdings Inc., a US-based medical
device company, launched the XScribe Cardiac Stress Testing System, a
smart stress testing equipment to help solve common challenges
associated with cardiac stress testing exams. The notable features
include a 24-inch touchscreen interface with protocol-driven,
pre-defined selections, 12-lead ECG interpretation for adults,
adolescents, and children, bidirectional HL7 and DICOM connectivity
based on standards, and the exclusive WAM Wireless Acquisition Module,
which lessens barriers for clinical staff to navigate while enhancing
patient comfort and safety in the stress lab. Additionally, VERITAS
technology provides crucial information at every stage of the stress
test with remarkable accuracy in real-time ST-segment monitoring,
arrhythmia identification, and resting ECG interpretation.
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
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Regional Insights -
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.
Key Companies -
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
Table of Contents
1. Executive Summary
2. Stress Tests Equipment Market Report Structure
3. Stress Tests Equipment Market Trends And Strategies
4. Stress Tests Equipment Market – Macro Economic Scenario
5. Stress Tests Equipment Market Size And Growth
…..
27. Stress Tests Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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