The degree of competitiveness in the global cardiac rehabilitation market is also expected to remain very high till 2024, owing to the maturation of the cardio fitness equipment segment. New entrants are constantly trying to add product innovations in this field, thereby generating heavy competition for larger players trying to maintain or expand their market shares.
The global Cardiac Rehabilitation Market for cardiac rehabilitation is expected to reach US$1.62 bn by the end of 2024. Its revenue is projected at a CAGR of 5.4% within a forecast period from 2016 to 2024. Its predicted revenue by the end of 2016 is US$1.06 bn.
Treadmills have consistently been the leading product type among all cardiac rehabilitation devices. By the end of 2024, treadmills are expected to generate a revenue of US$454.4 mn within the conditions of this market. Meanwhile, heart rate monitors are expected to lead the market in terms of growth rate, at a predicted 7.3% CAGR from 2016 to 2024 in terms of value.
Inquire for Exclusive Sample Copy of Report – http://www.transparencymarketresearch.com/cardiac-rehabilitation-market.html
About 46% of the global cardiac rehabilitation market in 2015 was taken up by the top two players: Brunswick Corporation and Technogym. Both companies have attained key shares in a largely consolidated market and are working to gain even more.
The threat of new entrants in the global cardiac rehabilitation market is expected to be very high over the years to come. Product differentiation is very low for cardiac rehabilitation, and new players are also aware of the sparse legal barriers while entering this market.
APAC Consumption of Cardiac Rehabilitation Devices on the Rise
North America providers of cardiac rehabilitation devices have consistently enjoyed a high rate of public awareness of the health benefits of their devices. This region is expected to remain dominant in terms of demand for cardiac rehabilitation. It is likely to generate a revenue of US$800.1 mn in this global market by 2024.
Meanwhile, owing to rising disposable incomes, a growing awareness of personal health and the availability of products and devices to maintain the same, have allowed Asia Pacific to be lead the global cardiac rehabilitation market in terms of growth rate. It is projected at a CAGR of 6.9% from 2016 to 2024.
If you have any query, get your query resolved, speak to our Research Expert – http://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=12062
Large Geriatric Demographic with High Spending Power Boost Cardiac Rehabilitation Device Demand
“The geriatric demographic has always had a huge impact on the healthcare sector in terms of medical products and services. The same can be said for cardiac rehabilitation, as the increasing population of the elderly across the globe is adding a massive volume to their demand. The elderly are specifically prone to CVDs including strokes, hypertension, myocardial infarction, and atherosclerosis. As a result, this demographic shows an especially high interest in cardiac rehabilitation devices,” states a TMR analyst.
The global cardiac rehabilitation market is also benefitting greatly from the worldwide increase in the number of CVD awareness initiatives and government support for players.
Place an Order for this Report – http://www.transparencymarketresearch.com/checkout.php?rep_id=12062<ype=S
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453