USD 1.97 Billion
Cardiac Rehabilitation Market Size, Share, Growth Analysis, By Device(Treadmill and Heart Rate Monitor), By End user(Hospitals and Clinics, and Home Care), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2185 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
60
|Figures:
75
Cardiac Rehabilitation Market Insights
Cardiac Rehabilitation Market size was valued at USD 2.07 Billion in 2022 and is poised to grow from USD 2.17 Billion in 2023 to USD 2.23 Billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).
The global cardiac rehabilitation market is witnessing significant growth, driven by various factors that emphasise the importance of cardiac care and rehabilitation for patients with heart conditions. The market's growth is primarily attributed to the increasing prevalence of cardiovascular diseases (CVDs) worldwide, coupled with rising awareness about the benefits of cardiac rehabilitation programs. Governments and healthcare organisations are actively promoting these programs to reduce the burden of CVDs and improve patient outcomes. Furthermore, the growing geriatric population and sedentary lifestyles, which contribute to the rise in cardiovascular risk factors, are driving the demand for cardiac rehabilitation services.
Technological advancements in cardiac monitoring, exercise equipment, and telemedicine solutions are also propelling market growth by enhancing the efficiency and accessibility of cardiac rehabilitation programs. However, the market faces certain challenges, including the limited availability of cardiac rehabilitation facilities in some regions, especially in developing countries. Additionally, the high cost associated with comprehensive rehabilitation programs and the lack of reimbursement policies in some healthcare systems could hinder the adoption of cardiac rehabilitation services. Nonetheless, the increasing focus on preventive healthcare and the integration of advanced technologies are expected to drive the Global Cardiac Rehabilitation Market in the coming years, as stakeholders work towards providing accessible and effective cardiac care for patients worldwide.
US Cardiac Rehabilitation Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Treadmill
Fastest Growth
Treadmill
Growth Rate
5.1% CAGR
Global Cardiac Rehabilitation Market ($ Bn)
Country Share for North America Region (%)
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Cardiac Rehabilitation Market Segmental Analysis
The global cardiac rehabilitation market is segmented on the basis of device, end user, and region. By device, the market is segmented into treadmill and Heart Rate Monitor. By end user, the market is segmented into Hospitals and Clinics, and Home Care. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cardiac Rehabilitation Market Analysis By Device
Treadmill is considered the dominant device in cardiac rehabilitation programs. Treadmills are widely used for cardiovascular exercise in rehabilitation centres due to their effectiveness in improving cardiovascular fitness, promoting walking or running exercises, and allowing controlled intensity adjustments based on patient needs and progress. Treadmills provide a safe and controlled environment for patients to perform aerobic exercises, which are essential for cardiac rehabilitation and recovery.
The Heart Rate Monitor is experiencing rapid growth in the Global Cardiac Rehabilitation Market. Heart rate monitoring devices are becoming increasingly popular as they enable accurate and real-time monitoring of a patient's heart rate during exercise sessions. These monitors help healthcare professionals and patients alike to assess exercise intensity, set appropriate exercise goals, and ensure patients stay within safe heart rate zones during workouts. With the growing emphasis on personalised and precise monitoring during cardiac rehabilitation, heart rate monitors are witnessing significant adoption and are expected to continue growing in demand.
Cardiac Rehabilitation Market Analysis By End user
The hospitals and clinics segment stands as the dominant end user in the global cardiac rehabilitation market. Hospitals and clinics play a pivotal role in providing cardiac rehabilitation services, especially for patients who have undergone cardiac procedures, surgeries, or experienced heart-related events. These healthcare facilities have well-established rehabilitation departments and experienced medical staff to oversee patients' recovery and progress. Hospitals and clinics offer comprehensive rehabilitation programs, including exercise training, dietary counselling, medication management, and psychological support, making them the primary choice for many patients seeking cardiac rehabilitation services.
The home care segment is experiencing rapid growth in the global cardiac rehabilitation market. Home-based cardiac rehabilitation programs are gaining popularity due to their convenience and cost-effectiveness. With advancements in technology and telemedicine, healthcare providers can now deliver personalised cardiac rehabilitation plans to patients in the comfort of their homes. Home care programs offer flexibility in scheduling and reduce the need for frequent hospital visits, making them an attractive option, especially for patients who have difficulty travelling or prefer the comfort of their familiar surroundings.
Global Cardiac Rehabilitation Market By Device
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Cardiac Rehabilitation Market Regional Insights
North America stands as the dominant region in the global cardiac rehabilitation market. The region's dominance can be attributed to the well-developed healthcare infrastructure, strong emphasis on preventive healthcare, and the high prevalence of CVDs in countries like the United States and Canada. Additionally, favourable reimbursement policies and increased awareness about the benefits of cardiac rehabilitation programs among healthcare providers and patients contribute to the robust adoption of these services in North America.
The Asia-Pacific region is witnessing the fastest growth in the global cardiac rehabilitation market. The region's growing geriatric population, urbanisation, and changing lifestyles have led to an alarming increase in cardiovascular risk factors and CVD cases. As a result, there is a rising demand for cardiac rehabilitation services to address the growing burden of heart-related diseases in countries like China, India, and Japan. Governments and healthcare organisations in the Asia-Pacific are increasingly focusing on preventive healthcare initiatives, including cardiac rehabilitation programs, to improve patient outcomes and reduce the socioeconomic impact of CVDs.
Global Cardiac Rehabilitation Market By Region
- Largest
- Fastest
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Cardiac Rehabilitation Market Dynamics
Cardiac Rehabilitation Market Drivers
Increasing Prevalence of Cardiovascular Diseases (CVDs)
- The rising incidence of cardiovascular diseases, including heart attacks, coronary artery disease, and heart failure, is a significant driver for the global cardiac rehabilitation market. As CVDs become a leading cause of mortality and morbidity worldwide, the demand for cardiac rehabilitation programs grows to address the rehabilitation and recovery needs of patients.
Growing Awareness about Cardiac Rehabilitation
- There is a growing awareness among patients, healthcare providers, and governments about the benefits of cardiac rehabilitation programs. These programs are increasingly recognized for their role in improving cardiovascular health, reducing the risk of secondary cardiac events, and enhancing overall patient outcomes.
Cardiac Rehabilitation Market Restraints
Limited Access to Rehabilitation Facilities
- In some regions, especially in low- and middle-income countries, the availability and accessibility of cardiac rehabilitation facilities are limited. A lack of well-equipped rehabilitation centres and trained healthcare professionals may hinder the adoption of cardiac rehabilitation services.
Cost Constraints
- Comprehensive cardiac rehabilitation programs can be costly, making them less accessible to some patients, particularly in regions with limited healthcare resources or where patients may face financial constraints.
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Cardiac Rehabilitation Market Competitive Landscape
The global cardiac rehabilitation market features a highly competitive landscape with a multitude of healthcare providers, medical equipment manufacturers, and technology companies vying for market share. The competitive dynamics in the industry are primarily driven by the increasing demand for cardiac rehabilitation services due to the rising prevalence of cardiovascular diseases and growing awareness about the benefits of rehabilitation programs. Additionally, advancements in medical technology and the integration of telemedicine solutions have led to the entry of new players offering innovative cardiac rehabilitation services. Established healthcare institutions, hospitals, and specialty centres are key players in providing comprehensive cardiac rehabilitation programs, leveraging their expertise, infrastructure, and experienced medical staff. Medical equipment manufacturers play a critical role by supplying devices and equipment required for exercise training and patient monitoring during rehabilitation sessions.
The competitive landscape is also influenced by the presence of technology companies developing digital health solutions, wearable devices, and remote monitoring platforms that enhance the effectiveness and accessibility of cardiac rehabilitation services. As the market continues to evolve, players are focused on research and development to offer personalised and technologically advanced solutions, providing patients with effective rehabilitation programs that improve cardiovascular health and overall well-being. With a strong emphasis on patient-centric care and preventive healthcare, the competitive landscape in the global cardiac rehabilitation market is expected to remain dynamic, fostering innovation and strategic partnerships to cater to the growing demand for cardiac rehabilitation services worldwide.
Cardiac Rehabilitation Market Top Player’s Company Profile
- Smiths Group plc (UK)
- Core Health & Fitness, LLC (USA)
- OMRON Corporation (Japan)
- Life Fitness, LLC (USA)
- McKesson Corporation (USA)
- Technogym S.p.A. (Italy)
- Halma plc (UK)
- AmeriCare Medical, Inc. (USA)
- Brunswick Corporation (USA)
- Ball Dynamics International, LLC (USA)
- Ossur hf (Iceland)
- Amedtec Medizintechnik Aue GmbH (Germany)
- Bitmos GmbH (Germany)
- Daavlin Company (USA)
- Drive DeVilbiss Healthcare (USA)
- Ergoline GmbH (Germany)
- Medical Fitness Solutions (USA)
Cardiac Rehabilitation Market Recent Developments
- In January 2023, The American Heart Association (AHA) released new guidelines for cardiac rehabilitation, which emphasise the importance of exercise and behaviour modification for people with heart disease.
- In February 2023, The FDA approved a new digital cardiac rehabilitation program called MyHeart. The program uses a combination of phone calls, text messages, and online modules to help people with heart disease stay on track with their rehabilitation goals.
Cardiac Rehabilitation Key Market Trends
- Improved Accessibility: Telemedicine allows patients to participate in cardiac rehabilitation programs from the comfort of their homes or other convenient locations. This is particularly beneficial for patients living in remote areas with limited access to specialised cardiac rehabilitation centres.
- Enhanced Patient Engagement: Digital health solutions provide interactive platforms that enable patients to actively engage in their rehabilitation journey. Patients can access educational resources, track their progress, set goals, and communicate with healthcare providers, fostering a sense of ownership and motivation for their recovery.
Cardiac Rehabilitation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cardiac rehabilitation market analysis, North America remains the dominant market due to its well-established healthcare systems. Asia-Pacific rapid growth reflects the increasing recognition of the importance of cardiac rehabilitation and preventive care in addressing the rising prevalence of cardiovascular diseases. The global cardiac rehabilitation market has been experiencing significant growth and transformation, driven by the increasing prevalence of cardiovascular diseases and a growing emphasis on preventive healthcare. Cardiac rehabilitation programs have gained recognition for their role in improving cardiovascular health, reducing the risk of secondary cardiac events, and enhancing overall patient outcomes.
Advancements in medical technology, including telemedicine and digital health solutions, have further propelled the market's expansion, offering innovative ways to deliver personalised and remote cardiac rehabilitation services. Additionally, supportive reimbursement policies and rising awareness about the benefits of rehabilitation programs have encouraged healthcare providers and patients to embrace these services. However, the market also faces challenges, such as limited access to rehabilitation facilities in certain regions, high costs associated with comprehensive programs, and the need for increased awareness and patient compliance. Overcoming these challenges requires collaborative efforts from governments, healthcare organisations, and industry stakeholders to ensure equitable access to cardiac rehabilitation services and promote patient education and engagement. As the global population continues to age and lifestyle-related risk factors persist, the demand for cardiac rehabilitation is expected to remain strong. The market's future growth will be driven by ongoing research and development, the integration of advanced technologies, and a focus on patient-centric care. By addressing the evolving needs of patients recovering from cardiovascular events, the global cardiac rehabilitation market is poised to play a crucial role in improving cardiovascular outcomes, reducing healthcare costs, and enhancing the overall quality of life for millions of individuals worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.07 Billion |
| Market size value in 2031 | USD 2.23 Billion |
| Growth Rate | 5.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cardiac Rehabilitation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cardiac Rehabilitation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cardiac Rehabilitation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cardiac Rehabilitation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cardiac Rehabilitation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cardiac Rehabilitation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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