Cardiac rehabilitation devices are used by patients suffering from heart diseases. Various types of cardiac rehabilitation devices available in the market include heart rate monitors, stabilization balls, treadmills, rowers, and elliptical trainers. These rehabilitation devices aid the patients in reducing the danger of heart attacks and heart diseases. Counseling sessions, psychosocial interventions, physical activity counseling, nutritional counseling, hypertension, diabetes & weight management, and exercise are some of the activities that aid in monitoring a patient’s disease.
Cardiac rehab is implemented in an outpatient clinic or hospital rehab center. The cardiac rehab team contains nurses, doctors, exercise specialists, physical and occupational therapists, dieticians or nutritionists, and mental health specialists. A few rehabilitation programs include an electrocardiogram, bike exercise, treadmill exercise, and cardiac imaging tests. Patients can also measure their cholesterol and blood sugar levels, which are indicative of heart malfunctions.
Cardiac Rehabilitation Market is expected to reach US$ 2,865.42 million by 2028 from US$ 1,780.98 million in 2020; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.
Market leaders operating in the market have undertaken various organic growth strategies in the Cardiac Rehabilitation market. Some of the activities undertaken by the company, which have promoted its growth are, product launch, approvals, partnership and strategy and business planning. Companies such Omron Healthcare, Core Health and Fitness and others have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market.
Halma plc; OMRON Corporation; AVECINNA; Koninklijke Philips N.V.; General Electric Company; Core Health & Fitness, LLC; Peloton Interactive, Inc.; Resideo Technologies, Inc., ergoline GmbH, and HealthCare International are among the leading companies operating in the cardiac rehabilitation market.
In Apr-2021- Peloton acquired Precor global commercial fitness equipment providers. With this acquisition, Peloton establishes its U.S. manufacturing capacity, and development capabilities accelerating Peloton's penetration of the commercial market. Peloton plans to produce connected fitness products in the United States before the end of the 2021.
In Apr-2021- Core Health & Fitness signed an exclusive agreement with Oss Fitness for the distribution of its commercial and residential markets across Spain. In this agreement, Oss Fitness will distribute the products from Core’s full product portfolio including, Star Trac cardio equipment, StairMaster HIIT products, Nautilus commercial strength products, Schwinn indoor cycling bikes and Throwdown for functional fitness solutions.
In Feb-2021- Royal Philips acquired Biotelemetry, Inc. a leading provider of remote cardiac diagnostics and monitoring.
Geographically, the cardiac rehabilitation market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SCAM). North America held the largest market share in 2020. In North America, the US is the largest market for cardiac rehabilitation. The market growth in the region is attributed to the presence of key market players and their engagement in product developments. In addition, growing product launches, surging geriatric population, increasing prevalence of CVDs, and rising adoption of rehabilitation programs are among the prominent factors propelling the market growth in North America.
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