Cardiac Rehabilitation Market: Rising Awareness and Measures to Bring Down Mortality Rates Due to Cardiovascular Disease to Drive Market Growth
The demand in the global cardiac rehabilitation market is estimated to increment at a significant CAGR of 5.4% during the forecast period of 2016 to 2024, gaining traction from a number a factors, such as rise in geriatric population, growing burden of cardiovascular diseases, and increase in global initiatives regarding the awareness for cardiovascular diseases. On the other hand, the lack of skilled personnel and high cost of initiative investment are a few hindrances faced by the global cardiac rehabilitation market. The prosperity of this market in the near future is also attributed to high growth opportunities in the region of Asia Pacific, which houses nearly the half of the world’s population and includes two of the fastest growing economies in India and China.
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Global cardiac rehabilitation market Witness Most Promising Rise in Demand:
Increasing burden of cardiovascular diseases has made the global population realize the importance of physical activities in daily routine. This has increased demand for cardiac rehabilitation programs. Such programs help the patients to recover early from any previous cardiac strokes. A cardiac rehabilitation program is a comprehensive activity, which is continuously monitored in order to assist the population to improve their lifestyle.
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As per the projections of the report, the global cardiac rehabilitation market will be worth US$1,622.9 mn by the end of 2024, considerably up from its evaluated worth of US$1,010.93 mn in 2015. Changing lifestyle among the urban population, which now includes minimal physical workout and ill-timed poor quality eating, is another factors augmenting the cases of cardiovascular diseases, which in turn will favor the vendors operating in the global cardiac rehabilitation market.
Key Players of cardiac rehabilitation Market Report:
The global cardiac rehabilitation market is highly consolidated with Brunswick Corporation and Technogym accounting for more than the half of the shares in 2015. Some of the other key vendors in this market identified by the report are Johnson health Tech Co., Brunswick Corporation, and Amer Sports. In the near future, new product development and geographical expansion are expected to be two most important strategies by these leading vendors to increment their consumer base.
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