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2022

Cardiac Rehabilitation Market

Cardiac Rehabilitation Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Disease Type, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Medical Devices & Supplies

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Author's: Prachi Sanjay Rakshe | Roshan Deshmukh
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Cardiac Rehabilitation Market Research, 2031

The global cardiac rehabilitation market size was valued at $1.97 billion in 2021, and is projected to reach $3.24 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031. Cardiac rehabilitation is a complex inter-professional intervention, which is customized for individual patients who suffer from various cardiovascular diseases such as heart attack, coronary artery disease, and myocardial infarction. Cardiac rehabilitation program is designed to limit the physiological and psychological stresses of such cardiovascular diseases. Although exercise training is a core part of the comprehensive rehabilitation program, it includes other components to optimize the cardiovascular risk reduction. This program can improve a patient’s ability to carry out daily life activities and enhance their quality of life.

Cardiac Rehabilitation Market

Growth of the global cardiac rehabilitation market is majorly driven by rise in prevalence of cardiovascular diseases along with increase in demand for minimal invasive surgeries. Furthermore, surge in prevalence of diabetes and obesity which are known to cause heart diseases has led to development of new preventive equipment by large number of key players. Higher incidence of cardiovascular disease was observed among patients suffering from COVID-19 with myocardial injury being the most common in these patients. Thus, among patients diagnosed with COVD-19, there was a prevalence of wide range of cardiovascular diseases resulting in higher demand and adoption of cardiac rehabilitation equipment. Moreover, rise in geriatric population led to various types of diseases including myocardial infarctions. These are some of the major factors that fuel the demand for cardiac rehabilitation programs and contribute toward growth of the market. For instance, in February 2022, InBody, a worldwide leader in body composition technology, have launched BP 170 blood pressure monitor, which provides individuals with the option to self-record and track key health metrics at home. Thus, increase in number of new product launches by key market players drives the cardiac rehabilitation market growth.

In addition, in June 2019, A & D Medical, which provides blood pressure monitoring solutions, have launched a new line of blood pressure monitors namely ambulatory blood pressure monitors and professional office blood pressure monitors (UM-211). These next generation ambulatory blood pressure monitors aid in diagnosis and assessment of hypertension. As a result, increase in number of product approvals provide lucrative opportunities for the expansion of the global cardiac rehabilitation market during the forecast period.

The COVID-19 outbreak is anticipated to have a negative impact on growth of the global cardiac rehabilitation market. Government restrictions related to the COVID-19 pandemic have varied widely, but they are limited to nonessential healthcare services including nonurgent outpatient appointments. Hence, to combat the situation, health professionals and physical & rehabilitation medicine specialists were recommended to provide all of the cardiac rehabilitation programs virtually. It was demonstrated that home-based cardiac rehabilitation programs were least effective as compared to center-based cardiac rehabilitation programs. Thus, lockdown led to shutdown of all rehab centers globally, restricting growth of the cardiac rehabilitation market during pandemic period.

The cardiac rehabilitation market is segmented into Product, Disease Type and End User. By product, the market is categorized into elliptical trainer, stabilization ball, treadmill, heart rate monitor, blood pressure monitor, rower, and others. On the basis of disease type, the market is segmented into percutaneous coronary intervention, myocardial infarction, coronary artery bypass grafting, coronary artery disease, and others. By end user, it is categorized into rehab centers, hospitals, clinics, and others. Region wise, the cardiac rehabilitation market size is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Segment Review

Cardiac Rehabilitation Market by Product

By Product

Depending on product, the treadmill segment dominated the market in 2021, and this trend is expected to continue during the forecast period. The dominance is due to rise in prevalence of cardiovascular diseases and higher demand for this equipment during conducting cardiac rehabilitation program across various settings. However, the blood pressure monitor segment is expected to witness considerable growth during the forecast period, owing to surge in demand to maintain physical fitness.

Cardiac Rehabilitation Market by Disease Type

By Disease Type

Depending on disease type, the coronary artery disease segment dominated the market in 2021, owing to rise in prevalence of coronary heart disease among general population, and this trend is expected to continue during the forecast period. However, the percutaneous coronary intervention segment is expected to witness considerable growth during the forecast period, owing to rise in cases of obstructive coronary artery disease among general population.

Cardiac Rehabilitation Market by End User

By End User

Depending on end user, the rehab centers segment dominated the market in 2021 owing to rise in awareness among people regarding health consciousness and increase in number of rehab centers providing rehabilitation therapies across both developed and emerging countries, and this trend is expected to continue during the forecast period. Furthermore, the hospitals segment is expected to witness considerable growth during the forecast period, owing to rise in number of heart disease patients and increase in number of hospital admissions.

Cardiac Rehabilitation Market by Region

By Region

Region wise, North America garnered the major cardiac rehabilitation market share in 2021, and is expected to continue to dominate during the forecast period owing to increase in product launches. Moreover, growth in number of regulatory approvals in developed countries of North America positively impacted the market growth. However, Asia-Pacific is expected to register the highest CAGR of 6.9% during cardiac rehabilitation market forecast, owing to increase in cases of myocardial infarction across the region.

The key players that operate in the cardiac rehabilitation industry include Baxter International Inc., Core Health & Fitness, LLC, GE Healthcare, Halma Plc, Johnson Health Tech, Koninklijke Philips N.V, Life Fitness, Omron Corporation, Smith Group, and Technogym.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cardiac rehabilitation market analysis from 2021 to 2031 to identify the prevailing cardiac rehabilitation market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cardiac rehabilitation market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global cardiac rehabilitation market trends, key players, market segments, application areas, and market growth strategies.

Cardiac Rehabilitation Market Report Highlights

Aspects Details
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By Product
  • Elliptical Trainer
  • Stabilization ball
  • Treadmill
  • Heart rate monitor
  • Blood pressure monitor
  • Rower
  • Others
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By Disease Type
  • Percutaneous Coronary Intervention
  • Myocardial Infarction
  • Coronary Artery Bypass Grafting
  • Coronary Artery Disease
  • Others
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By End User
  • Rehab Centers
  • Hospitals
  • Clinics
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Koninklijke Philips N.V., Technogym, Life Fitness, Johnson Health Tech., Smiths Group, Baxter, Core Health & Fitness, LLC, Halma plc., Omron Corporation, GE Healthcare

Analyst Review

This section provides the opinions of the top level CXOs in the cardiac rehabilitation market. According to the CXOs, cardiac rehabilitation is a medically supervised program which is designed to improve cardiovascular health if a person has experienced heart attack and is advised angioplasty, and heart surgery. It includes exercise, support, counselling and education.

As per the CXOs, the medical device industry is undertaking rapid and exceptional measures to bring more innovative products for patients and has opened new approaches in the medical device industry. According to American Heart Association’s Heart Disease and Stroke Statistics 2021 update, high systolic blood pressure was observed to be the first leading life lost risk factors globally in 2019. Thus, increase in problems of high blood pressure among people leads to surge in awareness among people about regular exercise, which is expected to boost the growth of the cardiac rehabilitation market.

The CXOs further added that elliptical trainer segment is expected to remain dominant during the forecast period, owing to strong availability of this product among large number of key players in the market. Moreover, North America is expected to offer lucrative opportunities to the market during the forecast period, as per American Heart Association’s Heart Disease and Stroke Statistics 2019, it was estimated that around 48% of adults suffered from cardiovascular disease in the U.S.

Thus, rise in number of cardiovascular disorder cases increase the usage of cardiac rehabilitation products across the region. However, Asia-Pacific registered the fastest growth rate during the forecast period, owing to the surge in healthcare infrastructure, rise in disposable incomes, and well-established presence of domestic companies in the region.

Author Name(s) : Prachi Sanjay Rakshe | Roshan Deshmukh
Frequently Asked Questions?

Increase in prevalence of cardiovascular diseases, large number of technological advancements in cardiac rehab devices, and rise in emphasis on early intervention and primary prevention of heart-related disorders are some of the major driving factors of the market

Among product, treadmill is the leading segment of cardiac rehabilitation market in 2021

North America is the largest regional market for Cardiac Rehabilitation in 2021

The estimated industry size of Cardiac Rehabilitation was US$ 1.97 billion in 2021

Koninklijke Philips N.V., Omron Corporation, Technogym, and GE Healthcare are some of the top companies in Cardiac Rehabilitation market

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Cardiac Rehabilitation Market

Global Opportunity Analysis and Industry Forecast, 2021-2031