Menu ×

HEALTHCARE & PHARMACEUTICAL

Cardiac Rehabilitation Devices Market Segmentation By Patient Type (Inpatient, Outpatient); By Phases (Phase I and Phase II); By Devices (Blood Flow Monitors, Elliptical, Treadmills, Heart Rate Monitors, Training Balls and Others); By End Users (Hospitals and Rehabilitation Centers) – Global Demand Analysis and Opportunity Outlook - 2027

  • Text Size:

Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

Request Insights

Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

Read More

Introduction to Cardiac Rehabilitation Devices

Cardiac rehabilitation is a form of physical therapy given to patients after an incidence of any major cardiac event. It helps to return the normal mobility of the cardiac muscle and improves the functional ability of the heart. Cardiac rehabilitation is used for a rapid recovery of the heart, by assessing the impairments and prescribing the required physical activity of the cardiac muscle.

The cardiac rehabilitation techniques used for the recovery of heart might vary from person to person. The main aim of these techniques is to improve the cardiovascular health after suffering from heart attack, coronary artery disease, heart surgery and other related conditions as they help in reducing the risk of future heart disorders and strengthen the heart muscle.

The physical activities which form a major part of cardiac rehabilitation program are done with the help of certain medical devices. These devices are used in cases where an external aid is required to improve the condition of the heart. A diverse range of equipment have been developed which assists in proper movement of the cardiac muscle and ensures a regular heart rate as well as blood pressure, thereby improving the cardiac health.

Market Size and Forecast

The cardiac rehabilitation devices market is anticipated to expand by a CAGR of about 7% during the forecast period of 2019-2027. The market is segmented by devices into blood flow monitors, elliptical, treadmills, heart rate monitors, training balls and others. Out of these segments, the treadmills segment is anticipated to boost the market growth on account of increasing awareness and health-consciousness among people all over the world.

The increasing prevalence of diseases such as cardiovascular diseases result in the expanding market for these devices. According to data presented by WHO, 17.9 million people die from cardiovascular diseases every year. Apart from that, the increasing geriatric population is another factor which is raising the demand for these devices in the market. Increase in elderly population increases the risk of heart diseases among them, thereby escalating the growth of the market. 

Cardiac Rehabilitation devices market Graph

Get more information on this report: Download Sample PDF

Growth Drivers

Advancements in Medical Industry

The development of newer technologies and advanced devices in the medical and healthcare industry has evolved the cardiac rehabilitation devices market. The need for such devices arises from the growing occurrence of diseases related to the heart. These devices are increasingly being developed in order to address and treat every heart related condition.

Increasing Geriatric Population

A growing number of geriatric population is another factor resulting in a growth for this market. According to W.H.O., the proportion of people aged above 60 years is estimated to double between 2015 and 2050 from 12% to 22% of the world’s total population. With an increase in age, people become highly prone to health risks pertaining to the heart. This facilitates the need for devices which would keep the heart healthy and decrease the heart risks.

Restraints

High Cost Of Treatments

An increasing demand for the cardiac rehabilitation devices combined with lower production quantity has led to an increase in the cost of treatments using these devices. A large section of the population all over the world is not able to afford these devices, which is the major restraint behind the growth of the market. Another factor which might pose as a restraint in the current scenario is the delay in approval of these rehabilitation devices as a result of strict regulations.

Market Segmentation

Our in-depth analysis of the cardiac rehabilitation devices market includes the following segments:

By Patient Type

  • Inpatient
  • Outpatient

By Phases

  • Phase I
  • Phase II

By Devices

  • Blood Flow Monitors
  • Elliptical
  • Treadmills
  • Heart Rate Monitors
  • Training Balls
  • Others

By End Users

  • Hospitals
  • Rehabilitation Centers

By Region

On the basis of regional analysis, the cardiac rehabilitation devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Market in the Asia-Pacific region is anticipated to grow at the fastest rate owing to the growing incidences of chronic cardiac diseases in the region. Additionally, growing awareness among people about the health risks as well as about the benefits of various treatment methods available in the market is boosting the demand for cardiac rehabilitation devices. Moreover, the rising standards of living among people in this region is another aspect resulting in an increased expenditure on these devices.

North America is estimated to hold the largest market share during the forecast period. Increasing geriatric population and high incidences of obesity and cardiovascular diseases are the leading factors enhancing the growth of the market in this region. Additionally, increasing adoption of unhealthy lifestyles in countries such as the U.S. is a major cause of such diseases among the population.

The cardiac rehabilitation devices market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Top Featured Companies Dominating the Market


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions | LOB

Copyright © 2022 Research Nester. All Rights Reserved