Cardiac Rehabilitation Market Projected to Grow at a CAGR of 6.4% During 2020-2025


Posted August 7, 2020 by Blessy_Joy

Technological Advancements Such as Tele-cardiac Rehabilitation Attributed to the Growth of the Cardiac Rehabilitation Market.

 
Cardiac Rehabilitation Market size was valued at $1.31 Billion in 2019, and is projected to grow at a CAGR of 6.4% during the forecast period 2020-2025. The growth rate can be attributed to the inclination of the mass towards a lifestyle that helps curb various cardiovascular diseases. Technological advancements such as tele-cardiac rehabilitation can also be considered to contribute to the growth of the market. Apart from this, there has also been an increase in number of health-conscious people which is said to further add to the growth of the Cardiac Rehabilitation market.

Key Takeaways
North America dominated the Cardiac Rehabilitation Market with a share of 42% in 2019.

With the rise in the geriatric population and rise in prevalence of cardiovascular diseases in various countries along with the advancements made in infrastructure in various healthcare sectors are among the key drivers of the Cardiac Rehabilitation Market.

Cardiac rehabilitation is a medical program designed especially for people who have had a heart attacks, heart failures, heart valve surgeries, etc., which involves adoption of heart healthy lifestyle.

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By Geography - Segment Analysis
North America dominated the Cardiac Rehabilitation Market with a regional share of 42% in 2019. The sector for Cardiac Rehabilitation has grown rapidly over the last few years. The U.S. remains the largest market contributor of Cardiac Rehabilitation in the region of North America, because of the high ratio of cardiovascular patients owing to their lifestyle and significant population. Thus, North America is said to be the dominant market of Cardiac Rehabilitation in the prediction period.

However, APAC region is estimated to witness the fastest CAGR during the forecast period 2020-2025 owing to rise in geriatric population, improvement in health care infrastructure. There has also been increase in the number of health and fitness conscious people. Along with this, country-level initiatives are taken by respective governing bodies which is also likely to propel the Cardiac Rehabilitation Market in these countries.

Drivers – Cardiac Rehabilitation Market

Rise in Geriatric population and increase prevalence of various cardiovascular diseases
Rise in the geriatric population and associated rise in cardiovascular diseases are said to be driving the cardiac rehabilitation market. Also, in various countries, owing to the advancements made in infrastructure across various healthcare sectors Cardiac Rehabilitation Market growth is further driven. Along with this, there is a rising prevalence of various cardiovascular diseases has led to increase in initiatives by various government bodies that are aimed to curb the problems like unavailability of equipment’s and devices at affordable prices.

Cardiac Rehabilitation Industry Outlook: Cardiac Rehabilitation Market top 10 companies are Brunswick Corporation, Honeywell International. Inc., Smiths Group, OMRON Corporation, Halma plc, Core Health & Fitness, Life Watch, Philips, Amer Sports and Patterson Companies.

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Issued By Blessy
Business Address Madhapur
Country India
Categories Business , Health , Medical
Tags cardiac rehabilitation market , cardiac rehabilitation market growth , cardiac rehabilitation market share , cardiac rehabilitation market size
Last Updated August 7, 2020