Global Cardiac Rehabilitation Device Market (2021-2026) by Devices, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Cardiac Rehabilitation Device Market is estimated to be USD 2.03 Bn in 2021 and is expected to reach USD 2.96 Bn by 2026, growing at a CAGR of 7.85%.

Market Dynamics

The expanding acceptance of cardiac telerehabilitation to reduce time, distance, and cost obstacles and the growing popularity of e-cardiology and e-health are driving the cardiac rehabilitation market. The government's supportive initiatives, high rates of heart attacks, and technical advancements enhance people's health. Changes influence the cardiac rehabilitation market in lifestyle such as excessive alcohol consumption, smoking, and unhealthy diet habits that result in cardiovascular diseases, diabetes, and obesity. Furthermore, the cardiac rehabilitation market benefits from increased investment by key players, increased consumer awareness, lifestyle changes, increased healthcare expenditure and improved healthcare infrastructure.

However, the high cost of cardiac rehabilitation equipment and devices, lack of awareness, and a shortage of qualified professionals are likely to hinder the market's growth.

Market Segmentation

The Global Cardiac Rehabilitation Device Market is segmented further based on Devices, End-User, and Geography.

By Devices, the market is classified as the Elliptical, Stabilization Ball, Stationary Bicycle, Treadmill, Rower, Heart Rate Monitor, Blood Pressure Monitor, and Others. Amongst all, the Treadmill segment is estimated to hold the highest market share during the forecast period.

By End-User, the market is classified as Home Care, Specialty Centers, Rehabilitation Centers, Hospitals, And Clinics. Amongst all, Hospitals segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Philips completes the acquisition of BioTelemetry, Inc., provider of remote cardiac diagnostics and monitoring. - 24th September 2021
2. BodyEnergy Technology Co., Ltd. Launches New Human-Powered Treadmills - 31st March 2021

Company Profiles

Some of the companies covered in this report are LifeWatch, OMRON Corporation, Koninklijke Philips N.V., Amer Sports, Smiths Group plc, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Cardiac Rehabilitation Device Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market