The global market is primarily driven by the widespread prevalence of cardiovascular diseases, increasing geriatric population, and high incidence of obesity. Add to this, various other factors like rising demand for advanced form of treatments, growing number of players in the market coming-up with newer products, favorable initiatives concerning the awareness of cardiovascular diseases, increasing research and development as well as clinical trials for cardiac rehabilitation devices, and government support and investments are all contributing to the overall growth of the global cardiac rehabilitation devices market.
As per the latest published report by Market Research Future (MRFR), the global cardiac rehabilitation devices market is expected to attain a compound annual growth of 6% during the forecast period between 2017 and 2023. The Global Cardiac Rehabilitation Devices Market segmentation is classified based on end-user and type.
Cardiac Rehabilitation Devices are used for improving the health condition of patients that are diagnosed with various heart-related disorders like congestive heart failure, cardiovascular disease, etc. The device is also used for patients who have undergone any form of heart surgery like bypass surgery or angioplasty.
Geographically, the North American region holds the maximum share in the global cardiac rehabilitation devices market. The North American regional market is divided further into the US and Canada. The growing old-age population and widespread prevalence of cardiovascular disorders are two of the key factors stimulating the growth of the market in this region. Also, growing healthcare expenditure, growing demand for technologically advanced treatments and products, an increasing number of approvals for cardiovascular diseases, and the rising support from the government are all likely to contribute to the overall growth of the market in this region.
Europe holds the second-largest share of the market and contributes significantly to the global market. The European region is forecasted to experience consistent growth in the forthcoming years. This is due to the growing healthcare expenditure, availability of new and advanced treatment facilities, and an imperative need for better healthcare infrastructure.
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The Global Cardiac Rehabilitation Devices Market segmentation is classified on the basis of end-user and type.
By type, the market includes ellipticals, stationary bicycle, heart rate monitors, recumbent cross trainer, blood flow monitors, training balls, treadmill, and others.
By end-user, the market segments into specialty centers, hospitals and clinics, rehab centers, and others.
By region, the market covers North America, Europe, Asia Pacific, and the Middle East and Africa.
The Global Cardiac Rehabilitation Devices Market comprises various leading and prominent players, including Amer Sports, LifeWatch AG, Ball Dynamics International, LLC, The ScottCare Corporation, Mortara Instrument, Core Health and Fitness LLC, Vonco Medical, and others.
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