Cardiac Rehabilitation Market size is expected to value at USD 2.52 billion by 2025. The market is subject to witness a substantial growth due to changing food patterns and increasing occurrence of cardiovascular diseases, obesity, and hyperlipidemia. With recent technological advancements in healthcare sector including tele-cardiac rehabilitation are some of the critical factors responsible for growth of the market. Tele-cardiac rehabilitation offers remote services from a distance with the help of information technology and telecommunications services. Other factors responsible for the sustained growth of the tele-cardiac rehabilitation market in recent years are numerous initiatives taken by local governments similar to the Million Hearts initiative and increase in the healthcare expenditure. Globally, the cardiac rehabilitation market is predicted to grow at CAGR of 6.3% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.
Moreover,
the rise in health awareness among individuals across the globe is propelling
growth of market. Rise in new trends such as flexibility & mobility rollers
and smart phone applications involving fitness and exercises are expected to
boost demand for the cardiac rehabilitation market in coming years. Rise in
health awareness and adoption of latest products for better endurance against
diseases contributing to market expansion in past few years. Increase in
healthcare expenditure by regional governments across the globe coupled with
several supporting government interventions are positively influencing growth
of the cardiac rehabilitation market in recent years. For example, initiatives
taken by Centers for Medicare and Medicaid Services (CMS) are critical for
prevention of heart disorders. As many as one million potential strokes and
attacks has been prevented by such initiatives.
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Changing
lifestyle preferences and food patterns are major factors leading to diseases
such as cardiovascular diseases, diabetes, and obesity thus contributing
heavily to the growth of cardiac rehabilitation market global-scale. As per
recent studies, diseases such as cardiovascular diseases and diabetes are
leading cause of the death across the globe, thus significant focus has given
for prevention and treatment associated with these diseases.
Cardiac
rehabilitation allows adoption healthy lifestyle changes in order to avoid risk
associated with cardiovascular disorders. Cardiac rehabilitation consists of
various programs including various lifestyle changes such as healthy diet,
regular counseling in order to release stress, and helping patient to live an
active lifestyle. Cardiac rehabilitation enhances health and overall quality of
life while limiting requirement for need for medication to treat heart related
disorders. Cardiac rehabilitation reduces need to visit clinics by preventing
potential future heart diseases, and increases overall life span of particular
individual. Such factors are responsible for the growing demand of the cardiac
rehabilitation in recent years.
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Cardiac
rehabilitation is situated at an outpatient hospital or remotely located rehab
center. Cardiac rehabilitation team consists of healthcare professionals,
nurses, fitness specialists, physicians, dietitians, and mental health
specialists. Cardiac rehabilitation performs various tests such as an
electrocardiogram (EKG), cardiac and imaging tests coupled with regular
exercises as prescribed by fitness specialists. Frequent testing of cholesterol
and blood sugar levels of a patient helps to monitor performance and remain
physically active during entire period of cardiac rehabilitation.
The
cardiac rehabilitation market is divided into regional market segment such as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the adoption of
latest technologies and existence of well-established healthcare
infrastructure. Asia-Pacific region is predicted to hold major market with massive
growth in forecast period. Countries such as India, China and Singapore are
leading the Asia-Pacific market with rise in geriatric population and increase
in the awareness about health and fitness among individuals.
The
key players in the cardiac rehabilitation market are Ball Dynamics, Inc.,
Honeywell Incorporations, Core Health & Fitness LLC, LifeWatch
Incorporations, Philips N.V., Amer Sports Co., Smiths Group Plc, Omron Co.,
Halma Plc, and Brunswick Co.
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