Cardiac Rehabilitation Market Forecast: Opportunities for Growth and Expansion Ahead
The global cardiac rehabilitation market size is expected to reach USD 3.3 billion by 2030, at a CAGR of 6.0% according to a new report by Grand View Research, Inc. Rising incidence of lifestyle diseases such as cardiovascular conditions, obesity, and hyperlipidemia is one of the major factors responsible for growth. Technological innovations such as tele-cardiac rehabilitation, which means services provided from a distance using information technologies and telecommunications, are also another major driver of this market.
Furthermore, increase in number of health conscious people is boosting the cardiac rehabilitation market globally. The 2016 American College of Sports Medicine (ACSM) Worldwide Survey of Fitness Trends identified two new trends in the fitness industry, namely, flexibility & mobility rollers and smart phone exercise apps. This shows that people across the globe are becoming more health conscious and are using new products and techniques for better endurance.
Another factor propelling growth is supportive reimbursement pathways such as the Million Hearts initiative and the incentive payment model adopted by the Center for Medicare and Medicaid Services (CMS).
Access the Cardiac Rehabilitation Market Size, Share & Trends Analysis Report By Product (Treadmill, Elliptical Trainer, Stabilization Ball), By End-use (Rehabilitation Centers, Hospitals & Clinics), By Region, And Segment Forecasts, 2024 – 2030
Cardiac Rehabilitation Market Report Highlights
· Treadmill dominated the market and accounted for a share of 24.1% in 2023. Regular exercise on treadmill reduces the risk of heart disease, enhances blood circulation and improves heart strength.
· Blood pressure monitor is expected to witness the fastest CAGR of 6.8% during the forecast period, owing to rising prevalence of heart disease and CVDs.
· The hospitals & clinics segment is projected to grow at the fastest CAGR of 8.5% over the forecast period
· North America cardiac rehabilitation market held a dominant share in 2023. The U.S. cardiac rehabilitation dominated the North America market with a share of 88.4% in 2023.
Key Companies & Market Share Insights
Some of the key companies in the cardiac rehabilitation market include Omron Corporation; Ball Dynamics International, LLC; Core Health & Fitness, LLC; Koninklijke Philips N.V. (BioTelemetry Inc); GE Healthcare.
Omron is recognized for its medical devices like blood pressure monitors, digital thermometers, and nebulizers.
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Key Cardiac Rehabilitation Companies:
The following are the leading companies in the cardiac rehabilitation market. These companies collectively hold the largest market share and dictate industry trends.
· Ball Dynamics International, LLC
· Core Health & Fitness, LLC
· Honeywell International, Inc.
· Omron Corporation
· Koninklijke Philips N.V. (BioTelemetry Inc)
· ICU Medical (Smiths Group)
· Halma plc
· GE Healthcare
· Technogym
· Johnson Health Tech
Recent Developments
· In April 2024, The Virtual Cardiac Rehabilitation (VCR) Program was launched at Northern Health. The program is expected to help in patient recovery after heart condition, procedure or event.
· In January 2024, North Suffolk Cardiology launched Pritikin Intensive Cardiac Rehabilitation Program (ICR). The program at every patient’s visit offers patients detailed lifestyle education and access to cardiac care team in the state of art location.
About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
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