ACCESS Newswire
19 May 2020, 19:19 GMT+10
Extensive shortages in testing kits, coupled with the demand for point of care and in vitro tests are bolstering investments towards cardiopulmonary stress testing systems applications.
ROCKVILLE, MD / ACCESSWIRE / May 19, 2020 / High mortality rate associated with cardiovascular diseases is an essential factor driving sales of cardiopulmonary stress testing systems. In addition to shortages of monitoring and diagnostic tools, pressure put by the global COVID-19 outbreak is significantly pushing the growth of market, as suggested by a new Fact.MR report. The cardiopulmonary stress testing systems market is projected to display a 4.8% CAGR during the forecast period (2020-2025). Key players are targeting technological developments in their product offerings, for higher accuracy and the integration of functionalities into single devices to maintain a strong presence in the market. The demand for cardiopulmonary stress testing systems market will continue to rise strongly, even post the pandemic reveals Fact.MR.
'The global cardiopulmonary stress testing systems market is displaying a positive trajectory. Rising incidences of CVDs and ongoing COVID-19 cases has encouraged manufacturers to introduce novel cardiopulmonary stress testing systems through investments in innovations for their product portfolio,' says the FACT.MR analyst.
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Cardiopulmonary Stress Testing Systems Market - Key Takeaways
Cardiopulmonary Stress Testing Systems Market - Key Driving Factors
Cardiopulmonary Stress Testing Systems Market - Key Constraints
The Anticipated Impact of Coronavirus
Cardiovascular disease is responsible for several million deaths annually, and the problem is being compounded further by the global coronavirus pandemic. The virus can severely damage cardiac tissues through inflammation, particularly among elderly people with underlying medical conditions. The growing number of critically ill COVID-19 patients is expected to strengthen the demand for cardiopulmonary stress testing systems.
Following the outbreak, the FDA has relaxed its regulations on the usage of extracorporeal membrane oxygenation (ECMO) and cardiopulmonary bypass devices to combat the coronavirus. This trend will contribute to a higher production volume till the pandemic subsides. Demand is expected to remain strong even post the pandemic.
Explore the global cardiopulmonary stress testing systems market report with 97 illustrative figures, 22 data tables and the table of contents. You can also find a comprehensive market segmentation on
https://www.factmr.com/report/4693/cardiopulmonary-stress-testing-systems-market
Competition Landscape
The cardiopulmonary stress testing systems market is largely fragmented. Key players in the cardiopulmonary stress testing systems market are Vyaire Medical Inc., Schiller AG, Koninklijke Philips N.V., GE Healthcare, and Hill-Rom Holdings Inc. Majority of these players are investing in diversifying their product portfolios, with the development of advanced technologies to increase the accuracy of patient assessments.
More About the Report
The FACT.MR's market research report of 300 pages offers comprehensive insights on cardiopulmonary stress testing systems market. The market is analyzed on the basis of product (cardiopulmonary exercise testing (CPET) systems, stress ECG, pulse oximeters, stress blood pressure monitors, and single photon emission computed tomography (SPECT)), and end user (hospitals, specialty clinics/ cardiology clinics, ambulatory surgical centers, and diagnostic centers) across five key regions (North America, Latin America, Europe, Asia Pacific, and MEA).
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About FACT.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the healthcare sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: Fact.MR
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