In the highly consolidated global market for cardiac rehabilitation, innovations and product costs will be major determinants of success, marks a recent report by Transparency Market Research. The top two companies in the market, Brunswick Corporation and Technogym, had a clear hold on the market’s overall growth prospects, accounting for a combined share of over 50% in 2015. Other leading vendors such as Brunswick Corporation, Johnson health Tech Co., and Amer Sports, in combination with these two companies, accounted for a share of nearly 70% in the global market in the same year.
Characterized by high competitive rivalry, high rate of introduction of technologically advanced products, and a continuous rise in global demand, the market for cardiac rehabilitation will emerge as a lucrative investment hub for investors in the years to come.
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New Trends of Cardiac Rehabilitation Market with Worldwide Industry Analysis to 2024
1. Alarmingly Rising Global Geriatric Population to
Encourage Demand for Effective Cardiac
Rehabilitation Practices and Devices
In the highly consolidated global market for cardiac rehabilitation, innovations and product costs
will be major determinants of success, marks a recent report by Transparency Market Research.
The top two companies in the market, Brunswick Corporation and Technogym, had a clear hold
on the market’s overall growth prospects, accounting for a combined share of over 50% in 2015.
Other leading vendors such as Brunswick Corporation, Johnson health Tech Co., and Amer
Sports, in combination with these two companies, accounted for a share of nearly 70% in the
global market in the same year.
Characterized by high competitive rivalry, high rate of introduction of technologically advanced
products, and a continuous rise in global demand, the market for cardiac rehabilitation will
emerge as a lucrative investment hub for investors in the years to come.
Rising Global Population of Geriatrics to be Major Driver
The world’s population of people aged more than 60 years is rising at a rapid pace, upping the
risk of cardiovascular diseases as aging has a major impact on the body’s cardiovascular system.
This factor is also the root cause of the increasing rates of morbidity, disability, mortality, and a
substantial rise in the world’s healthcare costs. According to the Institute for Health Metrics and
Evaluation, the world’s geriatric population suffered a 55% rise in deaths due to cardiovascular
diseases between the period of 1990 and 2013.
WHO statistics, on the other hand, highlight another major concern – the high prevalence of
cardiovascular diseases and resultant rise in deaths in developing and underdeveloped countries.
Low- and middle-income countries in developing and underdeveloped parts of the globe account
for a staggering 82% share in the total number of deaths caused due to non-communicable
diseases across the world; of these, cardiovascular diseases account for a massive 37% share.
Driven with the aim of improving the situation, sustained efforts for preventing and treating
cardiovascular diseases undertaken on national and international levels will have a major impact
the global cardiac rehabilitation market in the future.
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market.html
High Product Costs to Constrain Demand for Cardiac Rehabilitation
2. Being a highly capital- and research-intensive marketplace, cardiac rehabilitation products, quite
naturally, carry a high price tag and always carry the risk of being outclassed by newer and most
often technologically advanced products in the market. In this highly dynamic market, where the
rate of introduction of technologically advanced varieties of product types is immense, the high
and rising costs of cardiac rehabilitation products are a major restraints for further expansion.
Cost is a major constraint especially for the market’s growth in developing regions such as Asia
Pacific and Latin America.
Apart from the factor of cost, low enrolments in cardiac rehabilitation programs and lack of
skilled resources providing cardiac rehabilitation services are also major restraints for the global
cardiac rehabilitation market. To overcome the challenge of low enrolments, vendors will have to
focus more on formulating programs that have flexible schedules and are sensitively priced
according to the region of operation. Intervention from government and private educational
institutes will be necessary for increasing the number of rehabilitation counsellors on a global
front.
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The global market for cardiac rehabilitation had a valuation of US$1,010.93 mn in 2015. It will
expand at a healthy 5.4% CAGR from 2016 through 2024 and rise to a valuation of US$1,622.9
mn by 2024.
This analysis of the global cardiac rehabilitation market has been based on a recent market
research report, titled “Cardiac Rehabilitation Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 – 2024.”
The market has been segmented as follows:
Global Cardiac Rehabilitation Market, by Device Type
• Seated and Upright Elliptical Trainer
• Stabilization Ball
• Stationary Bicycle
• Treadmill
• Rower
• Heart Rate Monitor
• Blood Pressure Monitor
Global Cardiac Rehabilitation Market, by Geography
• North America
◦ U.S.
◦ Canada
3. • Europe
◦ Germany
◦ U.K.
◦ Rest of Europe
• Asia Pacific
◦ China
◦ Japan
◦ Rest of Asia Pacific
• Latin America
◦ Brazil
◦ Mexico
◦ Rest of Latin America
• Middle East & Africa
◦ South Africa
◦ Saudi Arabia
◦ UAE
◦ Rest of Middle East & Africa
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