Cardiac Rehabilitation Market Projected to Reach US$ 3.8 Bn by 2032 | Future Market Insights
The cardiac rehabilitation market is likely to expand its roots in the global market at an average CAGR of 6.0% between 2022 and 2032.
The market is valued at US$ 2.1 Bn in 2022 and is likely to reach US$ 3.8 Bn by 2032. Previously, the market was thriving at a slightly higher CAGR of 6.5% (2015-2021), ensuring a market size of US$ 2 Billion in 2021.
“Growing lifestyle-related diseases like diabetes and cardiovascular strokes along with the technological revolution in the healthcare sector, helping the patients going through heart attack, heart valve surgeries, heart failures.”
An unhealthy lifestyle is leading to new heart-related diseases like heart attacks and heart failure. The technologically advanced tools that enable easy surgery processes drive the sales of cardiac rehabilitation systems. These systems help end users with exercises, diet, stress management and training, managing and monitoring the daily progress of the health routine.
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The new innovative technological advancements integrating with cardiac rehabilitation tools are evolving the healthcare sector, adding new components to the market. Research shows that as obesity-driven diseases rise in developed countries, the government and society work simultaneously on the setup and adoption cardiac rehabilitation system and its segment.
These programs spread awareness about cardiovascular health as heart disease cases rise exponentially. The benefits related to cardiac rehabilitation tools like real-time monitoring of heart rate and blood pressure are pushing the sales of cardiac rehabilitation systems.
New healthcare technology like HIIT (High-intensity training) helps in decreasing obesity and increasing cardiovascular health. These healthcare techniques, when integrated with platforms like artificial intelligence, machine learning, and especially the internet of things (IOT), revolutionizes the healthcare sector, helping patients suffering from cardiovascular conditions. Other factors driving the market include its proliferation in recent times, which led people to start investing high capital in the components of cardiac rehabilitation systems like elliptical trainers, stabilization balls, and treadmills.
The cardiac rehabilitation market creates multiple opportunities for the healthcare sector, including reducing stress levels, lowering the cholesterol level, working on cutting down on obesity, and helping patients in improving their heart conditions.
This happens through physiological well-being and lowered stress levels. These factors fuel the sales of cardiac rehabilitation systems in new spaces, enhancing the treatment experience of cardiovascular diseases.
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The major challenges or restraints that hold the market back are the high-cost range of these systems, newer, cheaper system alternatives, lower awareness, and incompetent health workers that need to be trained and upskilled.
The already damaged markets are not ready to invest huge amounts into cardiac rehabilitation systems, declining the overall market growth. Heart diseases and their complex treatment is also limiting the cardiac rehabilitation systems. The less innovation and the frequent changes in the functionality of cardiac rehabilitation tools are also putting a cap on the growth prospects of cardiac rehabilitation.
Rehabilitation Equipment Market:
Real-time monitoring through cardiac rehabilitation tools that deliver accurate and legitimate vitals about the heart rate and blood pressure rate. A new innovation in the cardiac devices that integrate with AI and ML platforms, making the tools flexible and feasible for the end-users.
The growing cardiovascular disease in various first world nations is also pushing the government to run initiatives that aware citizen about the health risks revolving around cardiovascular diseases. Healthcare units adopt cardiac rehabilitation systems as the number of obesity-related patients increases. These factors shape the trends in the cardiac rehabilitation market, expanding its roots in new market spaces.
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Segmentation Outlook for the Cardiac Rehabilitation Market
The cardiac rehabilitation market is categorized by Product. This category is further divided into small segments that expand their channels in multiple market spaces.
These segments perform differently in multiple markets as they have a stronghold in multiple regions. The product type category is segmented into Ellipticals, Stabilization Ball, Stationary Ball, Treadmill, Heart Rate Monitor, Blood Pressure Monitor, and Rovers.
Recent Developments in the Cardiac Rehabilitation Market
GE healthcare has introduced its cardiac rehabilitation systems that work on different levels of the whole rehabilitation processes, enhancing the patient experience.
Core health & fitness has launched its cardiac rehabilitations including cardio, treadmills, ellipticals, indoor cycling and trail hiker, pushing the sales of cardiac rehabilitation systems.
- Honeywell International Inc
- BioTelemetry Inc
- Omron Corporation
- Core Health & Fitness LLC
- GE Healthcare
By Product Type:
- Stabilization Ball
- Stationary Ball
- Heart Rate Monitor
- Blood Pressure Monitor
- North America
- Latin America
- Asia Pacific
- Middle East and Africa