The treadmill segment by product is estimated to lead the market growth during the forecast period.
According to this study, the South and Central America cardiac rehabilitation market is expected to reach US$ 171.93 million by 2028 from US$ 120.09 million in 2020; it is estimated to grow with a CAGR of 4.6% from 2021 to 2028. The report highlights trends prevailing in the South and Central America cardiac rehabilitation market and the factors driving market along with those that act as hindrances.
The South and Central America cardiac rehabilitation market, by type, is segmented into heart rate monitor, stabilization balls, treadmill, rower, elliptical trainer, blood pressure monitor, stationary bicycle, and others. The treadmill segment held the largest share of the market in 2020, whereas the blood pressure monitor segment is anticipated to register the highest CAGR in the market during the forecast period.
In the last few decades, a few risk factors for cardiovascular diseases (CVDs) have improved, while others have worsened. At the same time, Americans’ average body mass index and prevalence of diabetes have augmented as the population continues to have made the CVD more prevalent. The prevalence of lifestyle diseases such as hypertension, obesity, dyslipidemia, and diabetes, which are major risk factors for CVD, is also rising. Heart disease has endured an important cause of death in Latin America for the past 20 years. The global patterns of total CVD have significant consequences for clinical practice and public health policy development. Therefore, a substantial increase in cardiovascular diseases is anticipated to positively influence the market growth during the forecast period. The breakthrough technologies such as e-cardiology and e-health have evolved considerably over the past years and are anticipated to impact CVD management and prevention. Also, tele-cardiac rehabilitation probably decreases barriers of distance, time, and cost. The family members of cardiac patients found telerehabilitation technologies a valuable digital toolbox in the rehabilitation process. Therefore, the significant growing adoption of tele-cardiac rehabilitation in the healthcare sector is anticipated to positively influence market growth during the forecast period.
The outbreak of COVID-19 has severely impacted the flow of medical services in the region. Also, the countries are popular for medical tourism, which is also affected by the pandemic. It is expected that the region is likely to impose a second lockdown, which will eventually hamper the healthcare industry in the region. Moreover, countries are significantly dependent on the US and European countries for their medical resources which are under strict trade restrictions. Thus, the South and central America cardiac rehabilitation market has experienced a significant slowdown and is expected to face the same in the following two to three years.
The growth of the market is attributed to key driving factors such as rising incidences of cardiovascular diseases, and growing adoption of tele-cardiac rehabilitation. However, the high cost of the cardiac rehabilitation equipment is expected to obstruct the growth of the market to a certain extent during the forecast years.
OMRON Corporation, Koninklijke Philips N.V, General Electric Company, Core Health & Fitness, LLC and Resideo Technologies, Inc are among the leading companies operating in the South and Central America cardiac rehabilitation market.
The report segments in South and Central America Cardiac Rehabilitation Market as follows:
By Product
By Application
By End User
By Country
The South and Central America cardiac rehabilitation market, by type, is segmented into heart rate monitor, stabilization balls, treadmill, rower, elliptical trainer, blood pressure monitor, stationary bicycle, and others. The treadmill segment held the largest share of the market in 2020, whereas the blood pressure monitor segment is anticipated to register the highest CAGR in the market during the forecast period.
In the last few decades, a few risk factors for cardiovascular diseases (CVDs) have improved, while others have worsened. At the same time, Americans’ average body mass index and prevalence of diabetes have augmented as the population continues to have made the CVD more prevalent. The prevalence of lifestyle diseases such as hypertension, obesity, dyslipidemia, and diabetes, which are major risk factors for CVD, is also rising. Heart disease has endured an important cause of death in Latin America for the past 20 years. The global patterns of total CVD have significant consequences for clinical practice and public health policy development. Therefore, a substantial increase in cardiovascular diseases is anticipated to positively influence the market growth during the forecast period. The breakthrough technologies such as e-cardiology and e-health have evolved considerably over the past years and are anticipated to impact CVD management and prevention. Also, tele-cardiac rehabilitation probably decreases barriers of distance, time, and cost. The family members of cardiac patients found telerehabilitation technologies a valuable digital toolbox in the rehabilitation process. Therefore, the significant growing adoption of tele-cardiac rehabilitation in the healthcare sector is anticipated to positively influence market growth during the forecast period.
The outbreak of COVID-19 has severely impacted the flow of medical services in the region. Also, the countries are popular for medical tourism, which is also affected by the pandemic. It is expected that the region is likely to impose a second lockdown, which will eventually hamper the healthcare industry in the region. Moreover, countries are significantly dependent on the US and European countries for their medical resources which are under strict trade restrictions. Thus, the South and central America cardiac rehabilitation market has experienced a significant slowdown and is expected to face the same in the following two to three years.
The growth of the market is attributed to key driving factors such as rising incidences of cardiovascular diseases, and growing adoption of tele-cardiac rehabilitation. However, the high cost of the cardiac rehabilitation equipment is expected to obstruct the growth of the market to a certain extent during the forecast years.
OMRON Corporation, Koninklijke Philips N.V, General Electric Company, Core Health & Fitness, LLC and Resideo Technologies, Inc are among the leading companies operating in the South and Central America cardiac rehabilitation market.
The report segments in South and Central America Cardiac Rehabilitation Market as follows:
By Product
- Treadmill
- Elliptical Trainer
- Stationary Bicycle
- Blood Pressure Monitor
- Rower
- Heart Rate Monitor
- Stabilization Balls
- Others
By Application
- Angioplasty
- Coronary Artery Disease
- Cardiomyopathy
- Cholesterol Management
- Diabetes
- Lung Transplant
By End User
- Cardiac Rehabilitation Centers
- Home Healthcare
- Specialty Hospitals
- Hospitals & Clinics
- Others
By Country
- Brazil
- Argentina
- Rest of South and Central America
Table of Contents
1. Introduction
3. Research Methodology
4. South and Central America Cardiac Rehabilitation Market - Market Landscape
5. Cardiac Rehabilitation Market - Key Market Dynamics
6. Cardiac Rehabilitation Market - South and Central America Analysis
7. Cardiac Rehabilitation Market Analysis - By Products
8. Cardiac Rehabilitation Market Analysis - By Application
9. Cardiac Rehabilitation Market- By End User
10. Cardiac Rehabilitation Market - South and Central America Analysis
11. Impact Of COVID-19 Pandemic on South and Central America Cardiac Rehabilitation Market
12. Cardiac Rehabilitation Market-Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- OMRON Corporation
- Koninklijke Philips N.V
- General Electric Company
- Core Health & Fitness, LLC
- Resideo Technologies, Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 125.17 Million |
| Forecasted Market Value ( USD | $ 171.93 Million |
| Compound Annual Growth Rate | 4.6% |
