The Global Cardiac Rehabilitation Devices Market is expected to expand at 6% CAGR over the assessment period (2017-2023) owing to the growing prevalence of growing cardiovascular disease.
Cardiac rehabilitation devices are used to improve patient’s health suffering from various heart conditions like congestive heart failure, cardiovascular diseases, and also patients underwent surgeries like bypass or angioplasty. Cardiac rehabilitation helps to improve the quality of life by providing long-term survival, reducing cardiac symptoms, improving cholesterol levels, weight loss, reduce stress level, lower blood sugar level, and blood pressure.
Cardiac Rehabilitation Devices Market – Key Players
Some of the key players in The Cardiac Rehabilitation Devices Market are Life Watch AG, Core Health and Fitness LLC, Amer Sports, Ball Dynamics International, LLC, Mortara Instrument, Vonco Medical, The ScottCare Corporation, and others.
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Drivers and Constraints Impacting the Market
With the growing geriatric population, the high prevalence of cardiovascular diseases, and increasing incidence of obesity are some of the major factors driving the market growth over the assessment period. Global initiatives associated with awareness of cardiovascular diseases, increasing demand for advanced treatment, government fund and support, growing research and clinic trials, and market players providing new products are estimated to foster the market growth during the review period. Moreover, rise in coronary diseases, increasing fitness expenditure, and increasing number of deaths caused due to heart attacks are some of the other factors bolstering the market growth over the years.
On the flip side, high cost associated with initial investment along with lack of skilled personnel are expected to inhibit the market growth in the coming years.
Cardiac Rehabilitation Devices Market – Segmentation
Cardiac rehabilitation devices market has been segmented on the basis of type which comprises of recumbent cross trainer, treadmill, elliptical, stationary bicycle, training balls, heart rate monitors, blood flow monitors, and others. On the basis of end user, market is segmented into hospitals, clinic, cardiac care centers, rehab centers, and others.
Cardiac Rehabilitation Devices Market – Regional Analysis
The North American cardiac rehabilitation devices market is a growing market in the Americas region. North America is segmented into the U.S. and Canada. Increasing number of older population and the increasing prevalence of cardiovascular rates are likely to enhance the growth of the cardiac rehabilitation devices market. Additionally, growing healthcare expenditure, increase in a number of approvals for cardiovascular devices, and the increasing demand for technologically advanced treatments and products along with the rising government support are likely to enhance the growth of the cardiac rehabilitation devices market in North America. According to the American Heart Association, one in every three deaths in the U.S. was due to cardiovascular disorder, in 2014. Similarly, cardiovascular disorders had claimed over 801,000 lives in 2014 in the U.S.
Europe is the second largest market and holds a healthy share in the global cardiac rehabilitation devices market. The European market is expected to grow during the forecast period owing to the availability of newer and advanced treatment facilities and healthcare expenditure along with the growing need for better healthcare infrastructure. Furthermore, rising cardiovascular rates, along with the increasing population inclined towards sedentary lifestyle are driving the growth of the cardiac rehabilitation devices market. According to the European Heart Network, there were 11.3 million cardiovascular disorder cases in Europe, in 2015. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This rising older population is likely to lead to rising patient population which will enhance the growth of the cardiac rehabilitation devices market in Europe.
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Asia Pacific is expected to be the fastest growing market. Increasing prevalence of chronic diseases is the major driver for the market growth. China is the fastest growing region owing to an increasing population leading to an increase in patient population. Rising awareness about the health and availability of new treatment methods drive the market in this region. Rising healthcare expenditure and rise in the standard of living are driving the growth of the cardiac rehabilitation devices market in the Asia Pacific region.
The Middle East and Africa is expected to show the least growth in the market due to some major factors such as lack of awareness and weak healthcare industry scenario. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and rising availability of specialty care centers.
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