Market Scenario
Cardiac rehabilitation devices are used to improve the health of
patients diagnosed with various heart conditions such as any cardiovascular
disease, congestive heart failure, and also in patients who have undergone any
heart surgery, such as angioplasty or bypass surgery. Cardiac rehabilitation
can improve the quality of life by reducing cardiac symptoms, providing
benefits such as long-term survival, weight loss, improved cholesterol levels,
blood pressure, lower blood sugar levels, and reduced stress levels.
The global cardiac rehabilitation devices market is majorly
driven by the high prevalence of cardiovascular diseases, high incidence of
obesity, and increase in geriatric population. Additionally, factors such as
global initiatives regarding the awareness of cardiovascular diseases,
government funding and support, rising demand for advanced treatment,
increasing research and clinical trials for cardiac rehabilitation devices, and
growing market players offering newer products are likely to drive the market.
Factors that are likely to hamper the growth of the market are
lack of skilled personnel and the high cost of initial investment.
Global Cardiac Rehabilitation Devices market is expected to grow
at a CAGR of 6% during the forecast period.
Intended Audience
- Pharmaceutical
Manufacturers and Suppliers
- Medical
Research Laboratories
- Research
and Development (R&D) Companies
- Market
Research and Consulting Service Providers
- Potential
Investors
Segments
The global cardiac rehabilitation devices market is segmented on
the basis of type and end-user.
On the basis of type, the market is segmented into blood flow
monitors, stationary bicycle, recumbent cross trainer, treadmill, ellipticals,
training balls, heart rate monitors, and others.
On the basis of end-user, the market is segmented into hospitals
and clinics, specialty centers, rehab centers, and others.
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.
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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Key
Players
Some of the key players in the cardiac rehabilitation devices
market are LifeWatch 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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