The global cardiac rehabilitation devices market has been evaluated as rapidly growing market and it is expected that the market will continue to grow similarly in the near future. Cardiac rehabilitation includes the techniques, therapies and exercises which are useful for the patients who as just been through cardiac disorders or heart related problems. Cardiac rehabilitation helps patients improve their health and assists in regularizing the physical conditions that are affected during the coronary disorders. Cardiac rehabilitation can improve the life quality by reducing cardiac symptoms, providing benefits like long term survival, weight loss, improved cholesterol levels, improved blood pressure, lower blood sugar levels, and reduced stress levels. According to our studies, more than 40 million Americans with heart disease are above age 65. As the age affects the body, traditional fitness regimes and equipment does not meet the requirements of the heart patients. While the cardiac rehabilitation devices provide patients with access to safe, full body cardiovascular exercise. Some of the equipment also assist people with limited mobility to work on their upper and lower body simultaneously.
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Rise in the awareness about the cardiovascular diseases, exercises and rehab programs for the heart patients in the developing nations has boosted the growth of the cardiac rehabilitation devices market. Rise in the geriatric population, rise in the number of incidences of coronary diseases and number of deaths due to heart attacks, increase in fitness expenditure of people are some of the factors which boost the demand of the cardiac rehabilitation devices including the recumbent cross trainers, treadmills, and ellipticals. However, the factors such as high initial investment for the equipment can hamper the growth of the cardiac rehabilitation devices globally.
Global Cardiac rehabilitation devices Market Players:
There are plenty of large and small market players which operate in this market all over the globe. The major participants of this market are Amer Sports, Ball Dynamics International, LLC, Core Health and Fitness LLC, Halma plc, Honeywell Life Care Solutions, Johnson Health Tech Co, Ltd, LifeWatch AG, LSI, Mortara Instrument, NuStep Inc., Omron Healthcare, Inc., Philips, SCIFIT Corporate, Smiths Group plc, TechnoGym, The ScottCare Corporation, Vonco Medical, Rehab & Fitness, and others.
Depending on geographic region, cardiac rehabilitation devices market is segmented into four key regions: America, Europe, Asia-Pacific, and Middle East & Africa. Globally America is the largest market for cardiac rehabilitation devices. North American region is the leading market in the America region. Europe is the second-largest market globally for cardiac rehabilitation devices which is expected to continue its growth in the near future. Asia pacific region is expected to be fastest growing region in cardiac rehabilitation devices market.
Cardiac rehabilitation devices market has been segmented on the basis of type which comprises of recumbent cross trainer, treadmill, elliptical, stationary bicycle, training balls, heart rate monitors, blood flow monitors, and others. On the basis of end user, market is segmented into hospitals, clinic, cardiac care centers, rehab centers, and others.
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Europe is the second largest market and holds a healthy share in the global cardiac rehabilitation devices market. The European market is expected to grow during the forecast period owing to the availability of newer and advanced treatment facilities and healthcare expenditure along with the growing need for better healthcare infrastructure. Furthermore, rising cardiovascular rates, along with the increasing population inclined towards sedentary lifestyle are driving the growth of the cardiac rehabilitation devices market. According to the European Heart Network, there were 11.3 million cardiovascular disorder cases in Europe, in 2015. For instance, Eurostat estimated that over 19.2% of the population in Europe was aged 65 and above. This rising older population is likely to lead to rising patient population which will enhance the growth of the cardiac rehabilitation devices market in Europe.
Asia Pacific is expected to be the fastest growing market. Increasing prevalence of chronic diseases is the major driver for the market growth. China is the fastest growing region owing to an increasing population leading to an increase in patient population. Rising awareness about the health and availability of new treatment methods drive the market in this region. Rising healthcare expenditure and rise in the standard of living are driving the growth of the cardiac rehabilitation devices market in the Asia Pacific region.
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