Cardiac Rehabilitation Market
Number of pages: 100 | Report Format: PDF | Published date: January 30, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 1.98 billion |
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Revenue Forecast in 2030 |
US$ 3.43 billion |
|
CAGR |
6.3% |
|
Base Year for Estimation |
2021 |
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Forecast Period |
2022-2030 |
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Historical Year |
2020 |
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Segments Covered |
Product, Disease Type, End-user, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global cardiac rehabilitation market was valued at US$ 1.98 billion in 2021 and is expected to register a revenue CAGR of 6.3% to reach US$ 3.43 billion by 2030.
Cardiac Rehabilitation Market Fundamentals
Cardiac rehabilitation is a medically overseen program to help in the health improvement of patients with heart issues. It includes guidance on heart health, dietary adjustments, and exercise therapy. Cardiovascular rehabilitation helps patients learn how to control their disease, lower their chance of developing new heart issues, and live longer and healthier lives. According to the American Heart Association, cardiac rehabilitation includes three major components: exercise counseling and training, education for heart-healthy living, and counseling to reduce stress. Exercise can help the heart to beat faster and complete cardiovascular system to work firmer. Also, with the assistance of exercise, the patient learns how to move the body in a manner that endorses heart health.
Cardiac rehabilitation programs can lower the chance of dying from the disease as well as the risk of future heart problems. Most cardiac rehabilitation programs last about three months initially, but some patients stay with the program for much longer. The patient generally works with a group of healthcare professionals during cardiac rehabilitation, which may include cardiologists, nurses, nutrition experts, exercise technicians, counselors, and physical and occupational therapists. Implementing heart-healthy lifestyle adjustments as part of cardiac rehabilitation helps patients deal with the risk factors for cardiovascular disease. The program offers fitness instruction, information on heart-healthy living, and counseling to help patients manage stress and go back to an active lifestyle to assist patients in implementing lifestyle changes. The main goal of cardiac rehabilitation is to enhance general health and quality of life by lowering the need for medications to cure distress or other difficulties and the number of visits to the hospitals or emergency rooms for specific heart concerns and preventing future heart problems.
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Cardiac Rehabilitation Market Dynamics
The rising preponderance of lifestyle-related diseases, such as diabetes and heart disease, drives the global cardiac rehabilitation market. Both type 1 diabetes and type 2 diabetes carry separate risks for chronic heart disease. When patients with diabetes are compared to those without diabetes, the risk of death from stroke increases three times. The blockage of tiny paramedial arteries is the most common site of cerebrovascular illness in individuals with diabetes. The probability of developing severe carotid atherosclerosis is also increased in diabetic patients.
Carotid emboli in diabetic patients are more likely to result in permanent brain damage than they would in people without the disease and would merely experience transitory ischemic episodes. Other factors expected to drive the cardiac rehabilitation market revenue growth include increase in the aging population, which is at higher risk of cardiovascular disease, and the rise in the need to improve physiological well-being by reducing stress levels. Additionally, technological advances and the development of novel cardiac devices are expected to create new opportunities for market respondents. Also, the unhealthy lifestyles of people from developed and developing countries are expected to result in a rise in the prevalence of various cardiovascular diseases in people of all ages. Heart disease and illnesses, such as atherosclerosis, have been linked to diets rich in saturated, trans fats, and cholesterol.
A diet high in salt (sodium) can cause blood pressure to rise. Insufficient physical activity also leads to heart damage. Moreover, it can raise the likelihood of developing other diseases that carry risk factors, such as obesity, high blood pressure, and cholesterol. On the other hand, overindulging in alcohol and smoking can increase blood pressure and heart disease risk by raising blood triglyceride levels. Thus, the growing number of smokers and drinkers is a major factor driving the revenue growth of the global cardiac rehabilitation market.
However, the market players are likely to experience issues, such as difficulty in acquiring cardiac rehabilitation devices and equipment in several hospitals and clinics. Even though the market for cardiac rehabilitation has had tremendous growth, it is projected that these factors, coupled with the high cost of installing the tools and technology used in cardiac rehabilitation, may result in difficulties for the rapid revenue growth in the market. Additionally, many rehab facilities lack the funding to install a better and more sophisticated equipment selection, leading to sluggish growth of the global market.
Cardiac Rehabilitation Market Ecosystem
The global cardiac rehabilitation market has been analyzed from four perspectives: product, disease type, end-user, and region.
Cardiac Rehabilitation Market by Product
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Based on the product, the global cardiac rehabilitation market is segmented into treadmills, blood pressure monitors, elliptical trainers, stabilization balls, stationary bicycles, rowers, and heart rate monitors.
The treadmills segment dominated the global cardiac rehabilitation market in 2021. The increase in the prevalence of lifestyle-associated diseases, such as obesity and cardiovascular disease, and a growth in awareness among people about health and fitness contribute to the dominance of the treadmills segment in the global cardiac rehabilitation market. Moreover, the segment is projected to register higher revenue CAGR due to easy accessibility and cost-effectiveness.
The blood pressure monitors segment is expected to develop at the highest revenue CAGR during the forecast period. This can be attributed to growing demand for real-time vital sign monitoring devices. Digital meters are in high demand than conventional manual meters owing to various advantages, such as Due to ease of use, portability, and storage.
Cardiac Rehabilitation Market by Disease Type
Based on the disease type, the global cardiac rehabilitation market is segmented into coronary artery disease, percutaneous coronary intervention, myocardial infarction, coronary artery bypass grafting, and others.
The coronary artery disease segment accounted for the largest market revenue in 2021, due to a rise in the incidence of coronary heart disease among the general population.
The percutaneous coronary intervention segment is expected to show revenue growth at a significant pace during the forecast period due to rise in cases of obstructive coronary artery disease across the globe.
Cardiac Rehabilitation Market by End-user
Based on the end-user, the global cardiac rehabilitation market is segmented into rehab centers, hospitals, clinics, and others.
The rehab centers segment accounts for the highest revenue share in the global cardiac rehabilitation market. Various treatment programs of rehab centers strongly emphasize developing daily routines packed with helpful activities and counseling sessions to keep patients focused and reduce distractions. A rehab structure develops a simple daily routine that prioritizes health and sobriety while upholding a healthy lifestyle that patients can continue after treatment. Due to an increase in rehabilitation centers providing rehabilitation therapy throughout developed and emerging countries, as well as an increase in health consciousness among people, the global cardiac rehabilitation market is growing exponentially. Additionally, the hospital segment is anticipated to grow significantly during the projection period due to a rise in heart disease patients and hospital admissions.
Cardiac Rehabilitation Market by Region
Based on the region, the global cardiac rehabilitation market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
In 2021, North America accounted for the largest market revenue share of the global cardiac rehabilitation market. Due to its huge population and changing lifestyle, the United States accounts for a significant portion of North America's burden of cardiovascular disease. According to estimates, the leading cause of mortality in the United States is heart disease, which includes hypertension, strokes, and coronary heart disorders. In terms of healthcare, North America is the most industrialized region globally, due to the growth of the healthcare system in the United States. Rising demand for cardiac rehabilitation in the United States is boosting the expansion of the market under study. This is due to the American population’s higher acceptance of novel technologies and the increased focus on lowering the burden of heart disease. Government programs are intended to offer assistance and direction to individuals in need. For instance, the Canadian Government prioritizes many initiatives to combat heart disease and lower mortality.
Cardiac Rehabilitation Market Competitive Landscape
The prominent companies in the global cardiac rehabilitation market are:
Cardiac Rehabilitation Market Strategic Developments
Cardiac rehabilitation is important for recovering from a heart-related condition or procedure. It includes a combination of therapies and exercises to help patients achieve their best physical and mental health. This rehabilitative therapy helps patients improve their physical fitness, reduce the risk of future cardiac events, and manage symptoms associated with heart disease. Through regular exercise, education, counseling, stress management, and lifestyle changes, cardiac rehabilitation can help patients improve their overall quality of life.
Government initiatives to develop programs to spread awareness among citizens about the health dangers linked to cardiovascular disease due to the increased cases of the condition in many first-world nations are expected to fuel revenue growth in the global market. Moreover, increase in the focus of healthcare facilities to install cardiac rehabilitation technologies due to increase in the number of obese patients is a key trend for cardiac rehabilitation, enabling it to expand into new market niches.
Medtronic PLC, Life Fitness, ICU Medical, Inc. (Smiths Group), Ball Dynamics International, LLC, and Koninklijke Philips N.V. are among the prominent players in the market.
The high cost of cardiac rehabilitation equipment is anticipated to restrain market revenue growth in the next few years.
The global cardiac rehabilitation market is expected to register a revenue CAGR of 6.3% during the forecast period from 2020 to 2030.
*Insights on financial performance are subject to the availability of information in the public domain