Cardiac Rehabilitation Market Revenue to Cross US$ 2,865.42 million by 2028: The Insight Partners
According to our new research study on “Cardiac Rehabilitation Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product, Application, and End-User,” the market is expected to reach US$ 2,865.42 million by 2028 from US$ 1,780.98 million in 2020; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving its growth. The growth of the cardiac rehabilitation market is mainly attributed to the factors such as rising incidence of cardiovascular diseases and growing adoption of tele-cardiac rehabilitation. However, the high cost of cardiac rehabilitation equipment hinders the market growth.
Cardiac rehabilitation devices are used by patients suffering from heart diseases. Various types of cardiac rehabilitation devices available in the market are heart rate monitors, stabilization balls, treadmills, rowers, and elliptical trainers. These rehabilitation devices aid the patients in reducing the danger of heart attacks and heart diseases. Counseling sessions, psychosocial interventions, physical activity counseling, nutritional counseling, hypertension, diabetes & weight management, and exercise are among the activities that aid in monitoring a patient’s disease. The growth of the cardiac rehabilitation market is attributed to the factors such as rising incidence of cardiovascular diseases and growing adoption of tele-cardiac rehabilitation. However, the high cost of cardiac rehabilitation equipment hinders the market growth.
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Heart disease has endured an important cause of death at the global level for the past 20 years. However, it is now ruining the life of more people than ever before. The change in lifestyles such as smoking, alcohol consumption, and unhealthy food habits is creating heart problems and increasing incidence of lifestyle-associated diseases such as diabetes, cardiovascular diseases, and obesity. Moreover, WHO in 2020 revealed that deaths due to heart disease have grown by over 2 million from 2000 to roughly 9 million in 2019. Majority of deaths due to heart disease were associated with ischemic heart disease and stroke.
In the last few decades, a few risk factors for cardiovascular diseases (CVDs) have improved, while others have worsened. For example, smoking rates have dropped and treatment rates for cardiovascular disease have increased factors that have made the disease less fatal. At the same time, Americans’ average body mass index and prevalence of diabetes have augmented as the population continues to have made the CVD more prevalent. The prevalence of lifestyle diseases such as hypertension, obesity, dyslipidemia, and diabetes, which are major risk factors for CVD, is also rising. As per the WHO data, more than 1.9 billion adults globally were overweight and over 600 million people were obese in 2016. It is projected that nearly 41% of the world’s population will be overweight or obese by 2030.
The cardiac rehabilitation centers segment held the largest share of the market in 2020, and the home healthcare segment is estimated to register the highest CAGR of 6.8% in the market during the forecast period.
Cardiac Rehabilitation Market: Competition Landscape and Key Developments
Halma plc; OMRON Corporation; AVECINNA; Koninklijke Philips N.V.; General Electric Company; Core Health & Fitness, LLC; Peloton Interactive, Inc.; Resideo Technologies, Inc; ergoline GmbH; and HealthCare International are among the leading companies operating in the cardiac rehabilitation market.
Cardiac Rehabilitation Market: Segmental Overview
Based on application, the cardiac rehabilitation market is segmented into angioplasty, coronary artery disease, cardiomyopathy, cholesterol management, diabetes, and lung transplant. The angioplasty segment held the largest market share in 2020 and is expected to retain its dominance during the forecast period. The increasing number of angioplasties is contributing to the market growth for this segment. For instance, as per the AHA 2019 Heart Disease and Stroke Statistics, around 480,000 patients underwent percutaneous coronary intervention (PCI) in the US in 2014.
The cardiac rehabilitation market, by products, is segmented into heart rate monitor, stabilization balls, treadmill, rower, elliptical trainer, blood pressure monitor, stationary bicycle, and others. The treadmill segment held the largest share of the market in 2020, whereas the blood pressure monitor segment is anticipated to register the highest CAGR in the market during the forecast period.
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