Market Overview:
The global cardiac stress test equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of cardiovascular diseases, growing geriatric population, and technological advancements in cardiac stress test equipment. Based on type, the global cardiac stress test equipment market is segmented into treadmill-based and exercise bike-based systems. The treadmill-based systems segment is expected to account for the majority share of the global cardiac stress test equipment market in 2018. This segment is also projected to grow at a higher CAGR than the exercise bike-based systems segment during the forecast period from 2018 to 2030. This can be attributed to factors such as increasing preference for treadmill exercises over other forms of exercises and rising demand for technologically advanced treadmills with features such as automatic speed adjustment and incline control. Based on application, hospitals are estimated to account for majority share of revenue generated by sales of cardiac stress test equipment globally in 2018 followed by clinics .
Product Definition:
A cardiac stress test is a diagnostic procedure that uses an electrocardiogram and other tests to measure how well your heart works during physical activity.
With Treadmill:
With the increasing prevalence of cardiovascular diseases, the demand for cardiac stress test equipment is also increasing. The growth factor for this market is attributed to growing geriatric population base and sedentary lifestyle which in turn leads to various heart related disorders such as Coronary Artery Disease (CAD), hypertension, congenital heart defects, etc.
According to a study conducted by American Heart Association in 2016 around 29 million people were living with some form of CVD.
With Exercise Bike:
With the increasing prevalence of cardiovascular diseases globally, it is very essential to conduct a cardiac stress test on individuals. The primary purpose of conducting such tests is to evaluate the individual's response and ability to withstand the stress caused by his or her heart. With an increase in life expectancy, people are becoming more aware about their health and are taking regular care of themselves by engaging in physical activities like brisk walking, jogging, swimming etc.
Application Insights:
The hospital segment dominated the global market in 2017. This can be attributed to a large number of hospitals and healthcare centers that have cardiac stress test facilities. Furthermore, increasing awareness among patients about early diagnosis and treatment is driving the demand for these devices in hospitals across the world.
The others segment includes clinics and other diagnostic centers that perform ECG tests or Holter monitoring on a regular basis to diagnose cardiac disorders or check up on patients suffering from heart diseases or Cardiac arrest/Stroke/Dying declaration cases. Such centers usually have limited resources, thus prefer automated equipment over manual ones as it helps them analyze data faster with less effort required by operators.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors responsible for its growth. Moreover, increasing demand for cardiac screening owing to rising prevalence of cardiovascular diseases is expected to drive the market over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to growing target population base and improving economic conditions in emerging countries such as India and China. Furthermore, an increase in government initiatives aimed at reducing heart disease rates coupled with a rise in disposable income will boost regional growth further on account of untapped opportunities present across this region.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising awareness about CVDs and their risk factors
- Technological advancements in cardiac stress test equipment
- Increasing demand for early diagnosis and treatment of CVDs
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardiac Stress Test Equipment Market Research Report
By Type
With Treadmill, With Exercise Bike
By Application
Hospital, Clinix, Others
By Companies
GE Healthcare, Philips, Schiller Medical, Custo Med, Welch Allyn, Contec Medical Systems, Mortara Instrument Europe, Innomed Medical, Nuovalaris, Seiva, Neurosoft, Clarity Medical, BPL Medical Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Cardiac Stress Test Equipment Market Report Segments:
The global Cardiac Stress Test Equipment market is segmented on the basis of:
Types
With Treadmill, With Exercise Bike
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinix, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Philips
- Schiller Medical
- Custo Med
- Welch Allyn
- Contec Medical Systems
- Mortara Instrument Europe
- Innomed Medical
- Nuovalaris
- Seiva
- Neurosoft
- Clarity Medical
- BPL Medical Technologies
Highlights of The Cardiac Stress Test Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- With Treadmill
- With Exercise Bike
- By Application:
- Hospital
- Clinix
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiac Stress Test Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardiac stress test equipment is a medical device used to measure the heart's ability to pump blood. The test can be used to diagnose heart problems and assess the effectiveness of treatments.
Some of the key players operating in the cardiac stress test equipment market are GE Healthcare, Philips, Schiller Medical, Custo Med, Welch Allyn, Contec Medical Systems, Mortara Instrument Europe, Innomed Medical, Nuovalaris, Seiva, Neurosoft, Clarity Medical, BPL Medical Technologies.
The cardiac stress test equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiac Stress Test Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardiac Stress Test Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardiac Stress Test Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardiac Stress Test Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardiac Stress Test Equipment Market Size & Forecast, 2020-2028
4.5.1 Cardiac Stress Test Equipment Market Size and Y-o-Y Growth
4.5.2 Cardiac Stress Test Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 With Treadmill
5.2.2 With Exercise Bike
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinix
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiac Stress Test Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiac Stress Test Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 With Treadmill
9.6.2 With Exercise Bike
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinix
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 With Treadmill
10.6.2 With Exercise Bike
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinix
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 With Treadmill
11.6.2 With Exercise Bike
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinix
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 With Treadmill
12.6.2 With Exercise Bike
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinix
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 With Treadmill
13.6.2 With Exercise Bike
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinix
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiac Stress Test Equipment Market: Competitive Dashboard
14.2 Global Cardiac Stress Test Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 Philips
14.3.3 Schiller Medical
14.3.4 Custo Med
14.3.5 Welch Allyn
14.3.6 Contec Medical Systems
14.3.7 Mortara Instrument Europe
14.3.8 Innomed Medical
14.3.9 Nuovalaris
14.3.10 Seiva
14.3.11 Neurosoft
14.3.12 Clarity Medical
14.3.13 BPL Medical Technologies
