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iCrowdNewswire Jan 25, 2021 7:58 AM ET

Cardiac Rehabilitation Devices Market Demand Overview, Industry Growth Rate, Top Companies, Key Regions

iCrowd Newswire - Jan 25, 2021

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.

Regional Analysis

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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Market Segmentation

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.

Competitive Landscape

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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About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Information:

Market Research Future
Office No. 528, Amanora Chambers
Pune - 411028
Maharashtra, India
Phone: +1 646 845 9312

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