Cardiac Rehabilitation Market Expected to Reach $3.24 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Cardiac Rehabilitation Market," The cardiac rehabilitation market size was valued at $1.97 billion in 2021, and is estimated to reach $3.24 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

Cardiac rehabilitation comprises three equal important parts such as exercise counselling and training, education for healthy heart living, and counselling to reduce stress. Cardiac rehab helps to identify everyday sources of stress. If a person have a heart attack and other heart problem cardiac rehabilitation is best part of recovery. It helps prevent serious heart attack and can help build healthy-heart habits. Cardiac rehabilitation has many health benefits such as reliving symptoms of heart problems, such as chest pain, preventing future illness and deaths from heart disease. Cardiac rehabilitation programs focus on blood pressure management, diabetes management, exercise training, and physical activity counselling. Cardiac rehabilitation increases the quality of life and decreases health care costs.

Surge in popularity of e-cardiology and e-health is one of the major factors, which boost the cardiac rehabilitation market growth. In addition, the medical device sector has opened new approaches and collaborations in the industry to respond to the urgent needs of the pandemic. For instance, according to the Center for Disease Control and Prevention data reviewed on January 10, 2022, more than 868,000 Americans experienced death due to heart diseases, and more than 34.2 died due to diabetes. According to the International Diabetes Federation, in 2021, approximately 537 million adults were living with diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2045. Thus, rise in burden of cardiovascular diseases increases the demand for portable monitoring devices, which is anticipated to foster the growth of the cardiac rehabilitation market.

In addition, according to Center for Disease Control and Prevention in 2019, around 360,900 people were estimated to have died with coronary artery heart disease in the U.S. Out of this, 18.2 million were 20 year old adults. These aforementioned factors increase the demand for cardiac rehabilitation escalating the growth of the market.

Increase in government support for management of heart diseases and surge in demand for effective prevention treatment are some of the major cardiac rehabilitation market trends. In addition, key players, such as Baxter International Inc., Philips N.V, Smits Group and Life fitness provide the cardiac rehabilitation equipment and contribute toward the market growth. Rise in demand for cardiac rehabilitation for post-cardio surgery acts a key driving force for the expansion of the global cardiac rehabilitation market.

However, high cost of acquisition and maintenance of cardiac rehabilitation equipment and shortage of skilled professionals to operate equipment are some key challenges that hinder the growth of the market. On the contrary, increase in number of medical devices manufacturing plants surge the demand for home use cardiac rehabilitation devices creating an opportunity for the manufacturers to tap and capitalize on the market.

For the purpose of analysis cardiac rehabilitation market is studied across by product type, disease type, and end user. On the basis of product type the market is segmented into elliptical trainer, stabilization ball, treadmills, heart rate monitor, blood pressure monitor, rower, and others. By disease type, the market is divided into percutaneous coronary intervention, myocardial infraction, coronary artery bypass grafting, coronary artery disease, and others. By end user, it is categorized into rehab centers, hospitals, clinics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By product type, the treadmill segment dominated the global market in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to rise in awareness among people about health consciousness. In addition, the blood pressure monitors segment is expected to register higher CAGR during the forecast period owing to rise in focus on monitoring blood pressure at home care settings.

On the basis of disease type, the coronary artery disease segment acquired the largest share in 2021, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in number of heart disease patients. By end user, it is categorized into rehab centers, hospitals, clinics and others. The rehab centers acquired the largest share in 2021, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in number of heart disease patients and surge in number of hospital admissions.

By region, the cardiac rehabilitation industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By region, North America accounted for the largest share of the global cardiac rehabilitation market in 2021, and is expected to remain dominant throughout the forecast period. This was attributed to the presence of giant biopharmaceutical and medical device companies in the countries such as the U.S. In addition, increase in frequency of major pharmaceutical companies and their R&D activities drive the demand for cardiac rehabilitation in the region during the forecast period.

KEY FINDINGS OF THE STUDY

• By product, the treadmill segment was the highest contributor to the market in 2021.
• By disease type, the coronary artery disease segment was the highest contributor to the market in 2021.
• By end user, the rehab centers segment dominates the growth of the market.
• North America accounted for a majority of the cardiac rehabilitation market share in 2021, and is anticipated to remain dominant during the forecast period.