Definition of Cardiac Rehabilitation Devices  

Cardiac rehabilitation devices are used, along with other activities and interventions necessary in a cardiac rehabilitation program, to ensure the best physical, mental, and social conditions of patients suffering from cardiac diseases. This is done so that patients with long-term or acute heart conditions are able to retain or begin their day-to-day activities with the lowest difficulty possible. The goal of such devices and therapies is to improve patient’s quality of life while lowering the risk of developing future heart issues. Cardiac rehabilitation devices are used with a systematic approach that includes exercise training, treatment plans, psychotherapy, risk factor reduction, and behavior modification among others. It is used in both, inpatient and outpatient therapies.

Global Cardiac Rehabilitation Devices Market: Key Insights

Global Cardiac Rehabilitation Devices Market Highlights Over 2023 - 2035

The global cardiac rehabilitation devices market is estimated to garner a revenue of ~USD 4504 million by the end of 2035 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 2000 million in the year 2022. The growth of the market can be attributed to the rise in the number of heart disease cases and the poor living habits of the population. As per the World Health Organization (WHO), 17.9 million people die from cardiovascular diseases every year.

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Cardiac rehabilitation, or cardiac rehab, is an individually designed exercise and education program. The program is intended to assist people in enhancing their health and recovering after a heart attack, other heart diseases, or heart surgery. It involves multiple aspects, such as the use of cardiac rehabilitation devices, fitness instructions, psychological counseling, and teaching about lifestyle modifications that help lower the risk of developing heart disease, such as eating a heart-healthy diet, keeping a healthy weight, and stopping smoking. As per the WHO, cardiovascular diseases account for 32 percent of all deaths worldwide.

Global Cardiac Rehabilitation Devices Market: Growth Drivers and Challenges

Growth Drivers

• Rise in the Number of Deaths Caused due to Heart Diseases – Heart conditions have started to affect a higher number of people than before, according to research. It was found that around 10 million men and 9 million women died of heart related conditions in 2019.

• Increase in Poor Living Conditions - Unhealthy living and working conditions, a lack of green space, pollution, inactive lifestyle all contribute to the worsening of noncommunicable diseases such as heart disease. It is estimated that 9 in 10 people breathe polluted air, putting them at a higher risk for heart diseases.

• Rising Number of Older People – Old people are at a higher risk of developing heart conditions. The heart starts to grow weak as we age. As per studies, it is estimated that over 2 billion people would be over 60 years of age by 2050.

• Growing Percentage of Diabetic Population – Over time, excessive blood sugar harms the heart's nerves and blood vessels. Additionally, diabetes patients are more likely to have other health issues that increase their chance of developing heart disease. As per data, over 11% of the people in the U.S. have diabetes.

• Growing Government Initiatives Promoting Heart Health – Governments around the world are promoting heart health and better lifestyle habits using various programs. For instance, in the U.S., the Million Hearts Initiative aims to avert one million preventable cardiovascular diseases between 2022-2027.

Challenges

• Lack of Awareness About Cardiac Rehabilitation Devices – Globally, the public awareness regarding heart rehabilitation programs is low. Many people don’t know the best practices and methods to follow post- diagnosis and treatment for heart diseases. This is said to negatively impact the market growth.

• High Prices of Cardiac Rehabilitation Devices

• Strict Government Regulations Regarding Various Parameters

The global cardiac rehabilitation devices market is segmented and analyzed for demand and supply by end-users into hospitals, clinics, research centers, rehab centers, and others. Out of which, the hospital segment is expected to hold the highest share in the global cardiac rehabilitation devices market by the end of 2035. This can be primarily attributed to the fact that hospitals are the best-equipped and suited for the treatment of cardiovascular diseases.  In the United States, there were 6093 hospitals in 2020, as per the American Heart Association (AHA). Following the pandemic, the number of hospitals are also increasing globally.

Global Cardiac Rehabilitation Devices Market Regional Synopsis

The North America cardiac rehabilitation devices market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035, on the back of a rise in the number of deaths caused as a result of heart problems. According to the Centers for Disease Control and Prevention, approximately 659,000 people die in the U.S every year from heart disease, accounting for one death in every four deaths. Moreover, there has been an increase in healthcare expenditure, which is anticipated to drive the growth of the market in the North America region.

Market Segmentation

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

Key Companies Dominating the Global Cardiac Rehabilitation Devices Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cardiac rehabilitation devices market that are included in our report are The ScottCare Corporation, Smith Group plc, Brunswick Corporation., OMRON Corporation, Koninklijke Philips N.V., Halma plc., Patterson CompaniesInc., Life Fitness, BioTelemetryInc. (Philips), ergoline GmbH, and others.

Global Cardiac Rehabilitation Devices Market: Latest Developments

• 16 May 2022:  Koninklijke Philips N.V., announced the international introduction of EchoNavigator 4.0, its innovative image-guided therapy solution for the treatment of structural heart disease, at EuroPCR.

• 19 November 2021: Halma plc, announced the acquisition of Infinite Leap, Inc. (Infinite Leap) for its Medical sector business, CenTrak, which provides healthcare facilities in real-time location services.   

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• 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 Market Players Analysis & Opportunity Outlook

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