The treadmill segment by product is estimated to lead the market growth during the forecast period.
According to this study, the Europe cardiac rehabilitation market is expected to reach US$ 778.82 million by 2028 from US$ 500.96 million in 2020; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report highlights trends prevailing in the Europe cardiac rehabilitation market and the factors driving market along with those that act as hindrances.
The Europe 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.
CR is an evidence-based, multidisciplinary intervention conferred to enhance health consequences and quality of life when used as secondary prevention. The outbreak of COVID-19 that has consequently imposed lockdowns has resulted in a decreased inflow of patients in hospitals for treatment of other diseases. The need for social distancing has stimulated the demand for TCR to improve utilization rates and ameliorate access to CR. Tele-cardiac rehabilitation (TCR) is a part of telehealth that uses telecommunication technologies such as smartphone applications. Telerehabilitation has been introduced as the latest method to address the difficulty of retaining and moving cardiac patients and their companions to participate in rehabilitation. Therefore, the significant growing adoption of tele-cardiac rehabilitation in the healthcare sector is anticipated to positively influence market growth during the forecast period. Also, several government initiatives are considered to have a high impact on the market. Increasing awareness regarding the CR, growing referral of eligible patients, and reducing system and limitations of the patient cooperation in promoting the enrollment, referral, and participation rates in CR programs. Such strategic initiatives are likely to offer growth opportunities to the market players to attain a significant position and grow in the market.
The impact of the COVID-19 pandemic in the European region has slightly affected negatively to the medical device industry. Various companies have shut down their productions in Europe, hence are unable to manufacture to meet the rising demand. In addition, the supply of important equipment and consumables are stagnant. However, dependency on the suppliers from other countries has turned into a long process of deliveries of medical devices and its consumables. In addition, the lockdown situation in highly affected countries such as Italy, Spain, the UK, and Germany have lower down the economies of the countries. Therefore, it is expected that the growth of the market is likely to be slower in the following few years.
The growth of the market is attributed to some key driving factors such as growing adoption of tele-cardiac rehabilitation and supportive government initiatives for 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.
Halma plc, OMRON Corporation, Koninklijke Philips N.V, General Electric Company, Core Health & Fitness, LLC, Resideo Technologies, Inc and ergoline GmbH are among the leading companies operating in the Europe cardiac rehabilitation market.
The report segments in Europe Cardiac Rehabilitation Market as follows:
By Product
By Application
By End User
By Country
According to this study, the Europe cardiac rehabilitation market is expected to reach US$ 778.82 million by 2028 from US$ 500.96 million in 2020; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report highlights trends prevailing in the Europe cardiac rehabilitation market and the factors driving market along with those that act as hindrances.
The Europe 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.
CR is an evidence-based, multidisciplinary intervention conferred to enhance health consequences and quality of life when used as secondary prevention. The outbreak of COVID-19 that has consequently imposed lockdowns has resulted in a decreased inflow of patients in hospitals for treatment of other diseases. The need for social distancing has stimulated the demand for TCR to improve utilization rates and ameliorate access to CR. Tele-cardiac rehabilitation (TCR) is a part of telehealth that uses telecommunication technologies such as smartphone applications. Telerehabilitation has been introduced as the latest method to address the difficulty of retaining and moving cardiac patients and their companions to participate in rehabilitation. Therefore, the significant growing adoption of tele-cardiac rehabilitation in the healthcare sector is anticipated to positively influence market growth during the forecast period. Also, several government initiatives are considered to have a high impact on the market. Increasing awareness regarding the CR, growing referral of eligible patients, and reducing system and limitations of the patient cooperation in promoting the enrollment, referral, and participation rates in CR programs. Such strategic initiatives are likely to offer growth opportunities to the market players to attain a significant position and grow in the market.
The impact of the COVID-19 pandemic in the European region has slightly affected negatively to the medical device industry. Various companies have shut down their productions in Europe, hence are unable to manufacture to meet the rising demand. In addition, the supply of important equipment and consumables are stagnant. However, dependency on the suppliers from other countries has turned into a long process of deliveries of medical devices and its consumables. In addition, the lockdown situation in highly affected countries such as Italy, Spain, the UK, and Germany have lower down the economies of the countries. Therefore, it is expected that the growth of the market is likely to be slower in the following few years.
The growth of the market is attributed to some key driving factors such as growing adoption of tele-cardiac rehabilitation and supportive government initiatives for 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.
Halma plc, OMRON Corporation, Koninklijke Philips N.V, General Electric Company, Core Health & Fitness, LLC, Resideo Technologies, Inc and ergoline GmbH are among the leading companies operating in the Europe cardiac rehabilitation market.
The report segments in Europe 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
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Frequently Asked Questions about the European Cardiac Rehabilitation Market
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Table of Contents
1. Introduction
3. Research Methodology
4. Europe Cardiac Rehabilitation Market - Market Landscape
5. Cardiac Rehabilitation Market - Key Market Dynamics
6. Cardiac Rehabilitation Market - Europe Analysis
7. Cardiac Rehabilitation Market Analysis - By Products
8. Cardiac Rehabilitation Market Analysis - By Application
9. Cardiac Rehabilitation Market- By End User
10. Europe Cardiac Rehabilitation Market - Geographical Analysis
11. Impact Of COVID-19 Pandemic on Europe Cardiac Rehabilitation Market
12. Cardiac Rehabilitation Market-Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Halma plc
- OMRON Corporation
- Koninklijke Philips N.V
- General Electric Company
- Core Health & Fitness, LLC
- Resideo Technologies, Inc
- ergoline GmbH