Research Nester released a report titled “Cardiac Rehabilitation Devices Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global cardiac rehabilitation devices market in terms of market segmentation by patient type, by phases, by devices, by end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The cardiac rehabilitation devices are the equipment used to provide the user with certain exercises related to the movement of cardiac muscle. In recent years, the awareness for heart related health conditions has increased by a noteworthy level, giving the market for these devices a significant boost.
Cardiovascular diseases are the heart related disorders caused by physical inactivity, obesity or blockage of the heart blood vessels. These disorders range from acute diseases such as myocardial infarction to chronic disorders such as heart failure.
The cardiac rehabilitation devices market is anticipated to grow by a CAGR of about 7% during the forecast period of 2019-2027 which can be attributed to rising number of cardiovascular diseases prevalent among global population.
The market is segmented by patient type, phases, devices, end users and region. On the basis of devices, the treadmill segment of the rehabilitation devices segment is estimated to show the highest growth by 2027 owing to increasing popularity as well as health benefits provided by the device. Additionally, the growing number of gyms and the ease of usage of treadmills are some of the significant factors leading to an increasing demand for these machines in the market.
The market in North America region is anticipated to hold the largest share of this market during the forecast period since the prevalence of cardiovascular disorders and other heart related conditions is extremely high in this region. However, the market in Asia-Pacific region is estimated to grow at the highest rate owing to the escalating growth of medical advances in the region.
Growing Health-Consciousness Among People To Increase The Demand For Rehabilitation Devices
Growing health-consciousness among people along with an increasing prevalence of cardiovascular diseases has led to the rising demand for rehabilitation devices for the heart. The regular monitoring of blood pressure and heart rate along with other such attributes is required for the detection and prevention of cardiac disorders. The demand for machines used for this purpose are anticipated to grow as a result of growing number of affected people. Additionally, geriatric population has witnessed highest increase in diseases related to the heart. These factors are estimated to propel the growth of the market in upcoming years.
Overcoming Market Restraints
According to data obtained by WHO, 80% of geriatric population is estimated to belong to the middle and low income sectors of the society by the year 2050, which might hamper the growth of the market since a large portion of potential customers might not be able to afford the machines. The high expenses pertaining to the usage of cardiac rehabilitation devices is estimated to dampen the growth of the market
This report also provides the existing competitive scenario of some of the key players of the global cardiac rehabilitation devices market which includes company profiling of The ScottCare Corporation, BioTelemetry Inc, Amer Sports, OMRON Corporation, Schiller, Scifit, Ergoline GmbH, Ball Dynamics International LLC, Mortara Instrument, Vonco Medical. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cardiac rehabilitation devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.