The global Cardiac Rehabilitation Devices Market size and share is expected to reach USD 2.83 billion and to register a CAGR of 6.2% during the forecast period (2018-2023). Cardiac rehabilitation is a medically managed program designed to improve cardiovascular health. The patient suffering from heart failure, heart attack, angioplasty, or heart surgery opts for CR programs.
The rising occurrence of cardiac diseases, adoption of an unhealthy lifestyle and increasing geriatric population are driving the growth of the global cardiac rehabilitation devices market. However, the factor such as the high cost of cardiac rehabilitation devices and stringent government regulations hinders market growth.
The American accounts the largest market share in 2017. Followed by America, Europe holds the second position with 32.4% of market share in 2017. In Europe, West Europe holds the largest share. Whereas the Asia-Pacific is expected to register the fastest CAGR.
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Cardiac Rehabilitation Devices Market Competitive Analysis:
Prominent players operating in the cardiac rehabilitation devices market are Brunswick Corporation(Rosemont, Illinois), Amer Sports (Helsinki, Finland), Core Health & Fitness, LLC(Calgary, Alberta), Honey well International Inc.( Morris Plains, New Jersey), OMRON Corporation (Japan), BioTelemetry, Inc(Malvern, PA), The ScottCare Corporation (US), LSI (US), Schiller(US), Scifit (Brunswick) (US) and ergoline GmbH (UK).
The global cardiac rehabilitation devices market is segmented into
- End users
On the basis of phase, the cardiac rehabilitation devices market is segmented into
- phase I
- phase II
- phase III
The global cardiac rehabilitation devices market by patient is segmented into
- coronary artery bypass grafting
- percutaneous coronary intervention
- coronary artery disease
- myocardial ischemia
The coronary artery bypass grafting (CAGR) segment is expected to lead the market and register a substantial CAGR to reach USD 1,020.6 million by the end of 2023. The increasing geriatric population is expected to drive the cardiac rehabilitation devices market growth.
On the basis of type, the cardiac rehabilitation devices market is segmented into
Based on devices the cardiac rehabilitation devices market is segmented into
- blood pressure monitors
- heart rate monitors
On the basis of end user, the cardiac rehabilitation devices market is segmented into
- rehab & specialty centers
Cardiac Rehabilitation Devices Market Regional Analysis
Geographically, the global cardiac rehabilitation devices market has been segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. As per MRFR analysis, the Americas was the largest market for cardiac rehabilitation devices in 2017 and is expected to remain dominant during the review period. Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period. The increasing prevalence of cardiovascular diseases and increasing obesity in Europe are driving the growth of the cardiac rehabilitation devices market in the region.
Key Findings of the Study:
The global cardiac rehabilitation devices market is projected to reach over USD 2,839.9 million by 2023 at 6.2% CAGR during the review period of 2018 to 2023.
Americas accounted for the largest market share with North America being the major contributor to the growth of the market.
By devices, the heart rate monitors segment is projected to register the highest CAGR of 6.51% during the forecast period owing to the rising number of heat patient.
Key manufacturers are adopting geographic expansions, corporate acquisitions, and product launches as growth strategies. Moreover, they are focusing on e-commerce for distribution.
Table Of Content:
- Report Prologue
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Cardiac Rehabilitation Devices Market By Phase
- Global Cardiac Rehabilitation Devices Market By Patient
- Global Cardiac Rehabilitation Devices Market By Type
- Global Cardiac Rehabilitation Devices Market By Device
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