Cardiopulmonary Stress Testing System Market Trends

Growth Drivers

• Growing technological advancement - The immense adoption of new technology platforms has increased in the global market. To make diagnosis easier and more precise from anywhere in the world, many providers are beginning to focus their efforts on virtual platforms. Digital health devices and mobile medical applications have a large impact on individuals and doctors.
  
  Several consumers are likely to adopt heart rate monitoring devices with mobile health applications, which will have a positive effect on the healthcare sector. In addition, improving the diagnosis and treatment of diseases has been helped by the development of new monitoring technologies.
• Rising mergers and acquisitions - The growth of the cardiopulmonary stress testing systems market can be further driven by key strategies such as mergers and acquisitions, which are adopted by players to expand their product portfolio and geographical presence. For example, SunTech Medical Inc. completed the acquisition of Meditech Kft, a manufacturer of ambulatory blood pressure monitors and ECG Holter devices located in Budapest, Hungary, in September 2021.

Challenges

• High in cost - The cost of cardiopulmonary stress testing systems, both hardware and software, can be quite significant. The system can be very expansive which can limit their integration by hospitals and clinics specifically in low and middle-income countries.
• Reimbursement concerns associated are predicted to hamper the market growth in the forecast period.
• Lack of trained labors is set to hinder the market growth in the projected period.