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Cardiac Rehabilitation Devices Market Size and Share Is Estimated to Reach USD 2.83 Billion With CAGR of 6.2% By 2023 | Key Companies Profile, Future Trends and Insights

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Cardiac Rehabilitation Devices Market Size and Share Is Estimated to Reach USD 2.83 Billion With CAGR of 6.2% By 2023 | Key Companies Profile, Future Trends and Insights

September 18
21:21 2019
Cardiac Rehabilitation Devices Market Size and Share Is Estimated to Reach USD 2.83 Billion With CAGR of 6.2% By 2023 | Key Companies Profile, Future Trends and Insights

Cardiac Rehabilitation Devices Market
Cardiac Rehabilitation Devices Market Analysis By Patient (Coronary Artery Bypass Grafting), Phase (Phase I, Phase II), Type (Outpatient), Device (Ellipticals), End User (Rehab & Specialty Centre), & Region

Market Trends

The global Cardiac Rehabilitation Devices Market is projected to reach over USD 2,839.9 million by 2023 at 6.2% CAGR during the review period of 2018 to 2023. Cardiac rehabilitation is a medically managed program designed to improve cardiovascular health. The patient suffering from heart failure, heart attack, angioplasty, or heart surgery opts for CR programs.

The rising prevalence of cardiac diseases, adoption of an unhealthy lifestyle and increasing geriatric population are driving the growth of the global cardiac rehabilitation devices market.  However, the factor such as the high cost of cardiac rehabilitation devices and stringent government regulations hinders market growth.

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The American accounts the largest market share in 2017. Followed by America, Europe holds the second position with 32.4% of market share in 2017. In Europe, West Europe holds the largest share. Whereas the Asia-Pacific is expected to register the fastest CAGR.  

Cardiac Rehabilitation Devices Market Leading Companies:

Brunswick Corporation(Rosemont, Illinois), Amer Sports (Helsinki, Finland), Core Health & Fitness, LLC(Calgary, Alberta), Honey well International Inc.( Morris Plains, New Jersey), OMRON Corporation (Japan), BioTelemetry, Inc(Malvern, PA), The ScottCare Corporation (US), LSI (US), Schiller(US), Scifit (Brunswick) (US) and ergoline GmbH (UK)

Cardiac Rehabilitation Devices Market Key Findings of the Study:

  • Americas accounted for the largest market share with North America being the major contributor to the growth of the market.
  • By devices, the heart rate monitors segment is projected to register the highest CAGR of 6.51% during the forecast period owing to the rising number of heat patient.
  • Key manufacturers are adopting geographic expansions, corporate acquisitions, and product launches as growth strategies. Moreover, they are focusing on e-commerce for distribution.

Cardiac Rehabilitation Devices Market Segment Analysis:

The global cardiac rehabilitation devices market is segmented into phases, patient, type, device and end users.

On the basis of phase, the market is segmented into

phase I
phase II
phase III

The global cardiac rehabilitation devices market by patient is segmented into

coronary artery bypass grafting
percutaneous coronary intervention
coronary artery disease
myocardial ischemia
others

The coronary artery bypass grafting (CAGR) segment is expected to lead the market and register a substantial CAGR to reach USD 1,020.6 million by the end of 2023. The increasing geriatric population is expected to drive the market growth.

On the basis of type, the market is segmented into

outpatient
inpatient

Based on devices the market is segmented into

ellipticals
blood pressure monitors
heart rate monitors

On the basis of end user, the market is segmented into

rehab & specialty centers
hospitals & clinics

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Cardiac Rehabilitation Devices Market Regional Analysis:

Geographically, the global cardiac rehabilitation devices market has been segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. As per MRFR analysis, the Americas was the largest market for cardiac rehabilitation devices in 2017 and is expected to remain dominant during the review period.

Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period. The increasing prevalence of cardiovascular diseases and increasing obesity in Europe are driving the growth of the cardiac rehabilitation devices market in the region.

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