Cardiac Rehabilitation Market Size, Share & Trends Analysis Report By Product (Elliptical trainer, Stationary Bicycle, Stabilization Ball, Rower, Treadmill), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global cardiac rehabilitation market size was valued at USD 1.46 billion in 2016 and is expected to grow at a CAGR of 6.3% over the forecast period. This growth can be attributed to dynamic technological innovations and advancements. Tele-cardiac rehabilitation is a term used to define rehabilitation services provided from a distance using information technology and telecommunications. Tele-cardiac rehabilitation potentially minimizes barriers of time, distance, and cost. e-cardiology and e-health have evolved considerably over the past years and are expected to influence cardiovascular disease management and prevention in the near future.

Supportive government interventions are considered as one of the high impact rendering drivers of this market. For instance, the Million Hearts is a national initiative co-led by the Centers for Disease Control and Prevention and Centers for Medicare and Medicaid Services. The objective of this initiative is to prevent over one million strokes and heart attacks by 2017. This initiative brings together new and existing programs to improve health of American citizens and help them live longer and healthier.

Rising incidence of lifestyle-associated diseases such as cardiovascular diseases, diabetes, and obesity contribute majorly to the growth of cardiac rehabilitation globally. According to the Heart Disease and Stroke Statistics, 2017, a study by the American Heart Association, cardiovascular disease is listed as the underlying cause of deaths, which accounts for nearly 801,000 deaths in the U.S.

Product Insights

On the basis of product type, the cardiac rehabilitation market has been categorized into elliptical trainers, stabilization balls, stationary bicycles, treadmills, rowers, heart rate monitors, blood pressure monitors, and others. Treadmills dominated the segment in 2016 with over 30.0% of the market share.

Factors responsible for the dominant share held by treadmills in the cardiac rehabilitation product segment worldwide includes rise in incidence of lifestyle-associated diseases such as cardiovascular diseases & obesity and increase in number of health and fitness conscious people. A study conducted in 2016 by WHO estimated that around 422.0 million adults in the world were suffering from diabetes in 2014.

The blood pressure monitor segment is anticipated to witness the fastest growth during the forecast period with a CAGR of 9.8%. This growth is expected to be the result of increasing need for real time vital signs monitoring devices. The demand for digital meters is higher than that for traditional manual meters as digital meters are easy-to-use and can be easily stored and transported.

Regional Insights

North America dominated the market in 2016 and generated the largest revenue in the cardiac rehabilitation market.The U.S. contributes a major percentage to the cardiovascular disease burden of North America owing to large population and changes in lifestyle. Heart diseases including hypertension, stroke, and coronary heart conditions were estimated to be the foremost cause of deaths in the U.S. in 2016. Cardiac rehabilitation led to a 31.0% decrease in hospital readmissions and a 26.0% drop in cardiovascular mortality, as per a study presented in 2017 at the Canadian Cardiovascular Congress.

On the other hand, MEA and Asia Pacific regions are anticipated to witness fastest growth over the forecast period. This growth is anticipated to be a result of growing infrastructure and adaption of technological innovations. Increase in geriatric population and rise in the number of health and fitness conscious people are factors that increase the demand for cardiac rehabilitation in the global market.

Cardiac Rehabilitation Market Share Insights

Some of the key players in the market are Ball Dynamics International, LLC, Honeywell International, Inc., Core Health & Fitness, LLC, LifeWatch, Philips, Amer Sports, Smiths Group, OMRON Corporation, Halma plc, and Brunswick Corporation.

These key players undertake various strategic initiatives such as collaborations, new product launches, and mergers & acquisitions.

For instance, in January 2017, Halma plc acquired FluxData, which designs and manufactures advanced digital and multispectral imaging systems for various sectors such as industrial and medical sectors. This is anticipated to help the company expand its product portfolio and increase its overall net sales in the next fiscal year.

On July 21, 2015, Amer Sports acquired Queenax, a leading functional training systems provider. This acquisition is anticipated to strengthen the fitness product and service offering of Amer Sports, thus expanding its product portfolio. This acquisition includes the brand name-Queenax-and distribution & intellectual property rights. The acquisition is expected to enable Precor to offer a complete functional training system to its customers and strengthen its position as one of the leading players in the global cardiac rehabilitation service and fitness equipment markets.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the cardiac rehabilitation market on the basis of product and region:

• Products (Revenue, USD Million, 2014 - 2025)

  • Elliptical trainer

  • Stabilization ball

  • Stationary bicycle

  • Treadmill

  • Rower

  • Heart rate monitor

  • Blood pressure monitor

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S

    • Canada

  • Europe

    • UK

    • Germany

    • Italy

    • Spain

    • France

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia