Cardiac Rehabilitation Devices Market
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 cardiac rehabilitation devices market is expected to reach USD 2.02 Billion by 2032 at 5.7% CAGR during the forecast period 2023-2032.
The rising prevalence 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.
Major Key Players:
The global Cardiac Rehabilitation Devices Market Players 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) as the key players in the global cardiac rehabilitation devices market.
Segment Analysis
By Device Type: Elliptical trainer, Rower, Blood pressure monitor, Treadmill, Stabilization ball, and cardiac rhythm management device manufacturing are the gadget types that make up the worldwide cardiac rehabilitation devices market.
By Phase: The worldwide cardiac rehabilitation devices market is divided into three phases: Phase I, Phase II, and Phase III.
By patient type: Percutaneous coronary intervention, myocardial ischemia, coronary artery bypass grafting, and coronary artery disease are the patient segments of the worldwide cardiac rehabilitation devices market.
By End-user: End-users in the worldwide cardiac rehabilitation devices market include rehab centers, research centers, specialty centers, hospitals, and clinics.
Regional Analysis
Geographically, the cardiac rehabilitation devices market spans across North America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, the North American region for cardiac rehabilitation devices is predicted to hold the largest share owing to the increasing geriatric population and rising prevalence of cardiovascular diseases in this region. Moreover, increasing expenditure on healthcare, rising demand for technologically advanced treatment, number of approvals for cardiovascular diseases, and increasing government support are expected to galvanize the market in this region during the forecast period.
Europe is estimated to hold the second largest position due to the availability of advanced and newer treatment facilities along with expenditure on healthcare. Moreover, rising population inclined towards sedentary lifestyle along with growing prevalence of cardiovascular rates are some of the factors fostering the market growth in this region. For instance, Eurostat estimated that around 19.2 % of the European population was aged 65 +. The growing aged population is likely to enhance the market in the coming years.
Asia Pacific is predicted to be the fastest growing market due to the increasing prevalence of chronic diseases in this region. China is the fastest growing region due to increasing patient population. Availability of new treatment methods is expected to drive the market. On the other hand, the Middle East and Africa are expected to show the least growth due to lack of awareness and weak healthcare industry scenario.
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