(USA, NY, New York City) The global cardiac rehabilitation devices market is expected to expand at 6 ?GR over the assessment period owing to the growing prevalence of growing cardiovascular disease. Cardiac rehabilitation devices are used to improve patient’s health suffering from various heart conditions like congestive heart failure, cardiovascular diseases, and also patients underwent surgeries like bypass or angioplasty. Cardiac rehabilitation helps to improve the quality of life by providing long-term survival, reducing cardiac symptoms, improving cholesterol levels, weight loss, reduce stress level, lower blood sugar level, and blood pressure.
Drivers and Constraints Impacting the Market
With the growing geriatric population, the high prevalence of cardiovascular diseases, and increasing incidence of obesity are some of the major factors driving the market growth over the assessment period. Global initiatives associated with awareness of cardiovascular diseases, increasing demand for advanced treatment, government fund and support, growing research and clinic trials, and market players providing new products are estimated to foster the market growth during the review period. Moreover, rise in coronary diseases, increasing fitness expenditure, and increasing number of deaths caused due to heart attacks are some of the other factors bolstering the market growth over the years.
On the flip side, high cost associated with initial investment along with lack of skilled personnel are expected to inhibit the market growth in the coming years.
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Key Players
Some of the key players operating the market are Amer Sports, Mortara Instrument, Vonco Medical, Core Health and Fitness LLC, LifeWatch AG, The ScottCare Corporation, Ball Dynamics International LLC, and others.
Segmental Analysis
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.
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Regional Analysis
The global market for cardiac rehabilitation devices has been segmented geographically into North America, Europe, Asia-Pacific, and the Middle East and Africa.
According to MRFR analysis, the Americas dominated the cardiac rehabilitation device market in 2017 and is expected to continue to do so throughout the review period. North America is the most developed region in the world in terms of healthcare, owing primarily to the growth of the US healthcare system. Due to the increased adoption of novel technologies by the US population and the increased focus on reducing the burden of heart disease, there is an increasing demand for cardiac rehabilitation in the United States, which contributes to the market’s growth. Similarly, the Canadian government is concentrating its efforts on a variety of initiatives aimed at combating heart disease and lowering mortality. In the fight against cardiac diseases, rehabilitation is gaining traction among those who have had cardiac disease or surgery. Due to the presence of key players and the high rate of cardiac rehab adoption, this region currently holds the largest share of the market studied and is expected to maintain this position over the forecast period.
Europe accounted for a sizable portion of the market and is expected to remain the second-largest during the forecast period. The rising prevalence of cardiovascular diseases and obesity in Europe are propelling the region’s cardiac rehabilitation devices market.
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