Growing sales of Cardiac Rehabilitation Market to Reach $2.83 Bn, Globally, by 2027 at 6.5% CAGR | Top Companies are Ball Dynamics International LLC, Core Health and Fitness, Omron corporations, Honeywell International, Inc., etc.

The Cardiac Rehabilitation Market was valued at USD 1.72 billion in 2020 and is expected to reach USD 2.83 billion by the year 2027, at a CAGR of 6.5%. The increasing number of cardiac surgeries due to various diseases such as cholesterol, metabolism syndrome, diabetes, and other lifestyle disorders is a critical factor for market growth. Nearly 71 million adults have high cholesterol consisting of low-density lipoprotein, which is a common cause of heart disorders in the US, according to the Center for Disease Control and Prevention (CDC).

Increasing prevalence of cardiac disorders such as arrhythmia, cardiomyopathy and other heart related diseases is expected to propel the market. Atrial fibrillation, a most common type of arrhythmia, has broadly affected the U.S. population. For instance, the Center for Disease Control and Prevention (CDC) estimated that about 2.7 million people in the US have atrial fibrillation, and this number is further expected to increase during forecast period.

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The COVID-19 impact:
Recent pandemic outbreak of COVID-19 has impacted more than 200 economies and has reached approximately 14 million confirmed cases globally. The cardiac rehabilitation market is expected to experience decline in the growth for a shorter time span followed by significant growth in the demand. To flatten the impact curve, strict social distancing practices have affected various industrial domains. In addition, the disrupted supply chain and restricted international trade has impacted negatively to medical device industries. However, cardiac rehabilitation is a crucial service to monitor and control cardiac defects. To avoid the negative impact over business, many such market players are developing virtual cardiac rehabilitation. The development of e-Cardiac rehabilitation solutions or home-based cardiac rehabilitation programs with help of tele-consultancy is estimated to recover the market growth.

In market segmentation by manufacturers, the report covers the following companies:- Cedars-Sinai, Cleveland clinic, Mayo Foundation for Medical Education and Research (MFMER), Ball Dynamics International LLC, Core Health and Fitness, Omron corporations, Honeywell International, Inc., BioTelemetry Inc, Koninklijke Philips N.V., and Smiths Group, Others

For the purpose of this report, Reports and Data has segmented the Cardiac Rehabilitation market on the basis of device type, application, end use and region:

Device Types Outlook (Revenue in Million USD; 2020–2027)
Defibrillators
Blood pressure Monitor
Treadmills
Heart Rate Monitor
Elliptical
Stabilization ball
Rower

Applications Outlook (Revenue in Million USD; 2020–2027)
Angioplasty
Coronary artery disease
Cardiomyopathy
Cholesterol management
Diabetes
Heart and lung transplant
Heart valve surgery
Pulmonary hypertension
Metabolic syndrome
Arrhythmia

End Use Outlook (Revenue in Million USD; 2020–2027)
Hospitals and Clinics
Specialty Hospitals
Home Healthcare
Cardiac Rehabilitation Centers
Others

Regional Outlook (Revenue in Million USD; 2020–2027)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Further key findings from the report suggest:
To promote continuation of business in the time of pandemic, key players of the market are engaged in developing remote access for cardiac rehabilitation. For instance, in April 2020, Duke Heart in collaboration with Population Health Sciences launched its remote cardiovascular rehabilitation

Many countries have taken initiatives to improve cardiac health in their respective region. For instance, in January 2020, SHAKE (Saving Heart Attacks Key Efforts) an awareness program was conducted in Dubai that focused on rising awareness about heart attacks and saving lives from heart attacks.

In August 2019, Phillips launched defibrillator “HeartStart” in connection with IntelliSpace. The solution let clinicians/physicians examine and treat at every stage in emergency care for both prehospital and hospital settings. The device is commercially available in Europe and other select markets in Asia and Africa

Based on product types Elliptical trainer accounted USD 636.5 million market revenue in 2019, with highest market share.

Based on end user, hospitals accounted highest market share in 2019 and home healthcare is expected to grow significantly during 2020-2027.

The technological advancements in heart surgeries and implants has driven the market further ahead. For instance, in January 2020, Abbott received an FDA clearance for its less invasive heart pump implant procedure to replace need of open heart surgery. Increasing demand for minimally-invasive procedure is estimated to support the market growth in future

To engage the users for longer time market players are developing new efficient products. For instance, in September 2019, Mindray launched BeneHeart C Series a new automated external defibrillator (AED) with smart and quick shock delivery to offer enhanced resuscitation in case of cardiac arrest

Beneficial Aspects of the Report:
Global and region forecast of the Cardiac Rehabilitation market from 2020-2027

In-depth analysis of market dynamics, industry outlook, market size based on types and applications

Details of value chain analysis, supply and demand ratio, production and consumption patterns

SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive players

Detailed insights on competitive landscape and emerging market trends

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Research Methodology:
The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals. The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources.

The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.

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