Cardiac Rehabilitation Devices Market USD 2,839.9 Million Size by Top 10 Players and Forecasts by 2023 | MRFR

Cardiac Rehabilitation Devices Market research report published by Market Research Future is expected to register CAGR of 6.20% to reach USD 2,839.9 million by 2023. Cardiac Rehabilitation Devices Market: Information by Phase, Patient (Coronary Artery Bypass Grafting), Type (Outpatient), Device (Ellipticals) and End User.

Pune, Maharashtra - May 17, 2019 /MarketersMedia/ —

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 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.

The American accounts the largest market share in 2017. Followed by America, Europe holds the second position with 32.4% of market share in 2017. In Europe, West Europe holds the largest share. Whereas the Asia-Pacific is expected to register the fastest CAGR.

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Cardiac Rehabilitation Devices Market - Key Players

Some of the key players in The Cardiac Rehabilitation Devices Market are

Life Watch AG
Core Health and Fitness LLC
Amer Sports
Ball Dynamics International, LLC
Mortara Instrument
Vonco Medical
The ScottCare Corporation

Cardiac Rehabilitation Devices Market - Segmentation

The Global Cardiac Rehabilitation Devices Market has been segmented based on end-users, type, and region.

By mode of type, the global cardiac rehabilitation market has been segmented into stationary bicycle, blood flow monitors, training balls, heart rate monitors, recumbent cross trainer, ellipticals, treadmill, and others. Among these, treadmills dominate the market owing to the growing prevalence of lifestyle-associated diseases such as obesity and cardiovascular diseases along with the growing number of fitness and health-conscious people. The blood flow monitor is estimated to showcase the fastest growth during the forecast period owing to the rising need for real-time vital signs monitoring devices. The demand for digital meters is always high as compared to manual meters as they are portable and convenient to use.

By mode of end-users, the global cardiac rehabilitation market has been segmented into specialty centers, hospitals and clinics, rehab centers, and others.

Cardiac Rehabilitation Devices Market - Regional Analysis

The North American Cardiac Rehabilitation Devices Market is a growing market in the Americas region. North America is segmented into the U.S. and Canada. Increasing number of older population and the increasing prevalence of cardiovascular rates are likely to enhance the growth of the cardiac rehabilitation devices market. Additionally, growing healthcare expenditure, increase in a number of approvals for cardiovascular devices, and the increasing demand for technologically advanced treatments and products along with the rising government support are likely to enhance the growth of the cardiac rehabilitation devices market in North America. According to the American Heart Association, one in every three deaths in the U.S. was due to cardiovascular disorder, in 2014. Similarly, cardiovascular disorders had claimed over 801,000 lives in 2014 in the U.S.

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Europe is the second largest market and holds a healthy share in the global cardiac rehabilitation devices market. The European market is expected to grow during the forecast period owing to the availability of newer and advanced treatment facilities and healthcare expenditure along with the growing need for better healthcare infrastructure. Furthermore, rising cardiovascular rates, along with the increasing population inclined towards sedentary lifestyle are driving the growth of the cardiac rehabilitation devices market. According to the European Heart Network, there were 11.3 million cardiovascular disorder cases in Europe, in 2015. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This rising older population is likely to lead to rising patient population which will enhance the growth of the cardiac rehabilitation devices market in Europe.

Asia Pacific is expected to be the fastest growing market. Increasing prevalence of chronic diseases is the major driver for the market growth. China is the fastest growing region owing to an increasing population leading to an increase in patient population. Rising awareness about the health and availability of new treatment methods drive the market in this region. Rising healthcare expenditure and rise in the standard of living are driving the growth of the cardiac rehabilitation devices market in the Asia Pacific region.

The Middle East and Africa is expected to show the least growth in the Cardiac Rehabilitation Devices Market due to some major factors such as lack of awareness and weak healthcare industry scenario. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and rising availability of specialty care centers.

Key Findings of the Study:

The Global Cardiac Rehabilitation Devices Market is projected to reach over USD 2,839.9 million by 2023 at 6.2% CAGR during the review period of 2018 to 2023.

Americas accounted for the largest market share with North America being the major contributor to the growth of the market.

By devices, the heart rate monitors segment is projected to register the highest CAGR of 6.51% during the forecast period owing to the rising number of heat patient.

Key manufacturers are adopting geographic expansions, corporate acquisitions, and product launches as growth strategies. Moreover, they are focusing on e-commerce for distribution.

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