The Cardiac Rehabilitation Market was valued at USD 1.72 billion in 2019 and is expected to reach USD 2.83 billion by the year 2027, at a CAGR of 6.5%. The increasing number of cardiac surgeries due to various diseases such as cholesterol, metabolism syndrome, diabetes, and other lifestyle disorders is a critical factor for market growth. Nearly 71 million adults have high cholesterol consisting of low-density lipoprotein, which is a common cause of heart disorders in the US, according to the Center for Disease Control and Prevention (CDC). Increasing prevalence of cardiac disorders such as arrhythmia, cardiomyopathy and other heart related diseases is expected to propel the market. Atrial fibrillation, a most common type of arrhythmia, has broadly affected the U.S. population. For instance, the Center for Disease Control and Prevention (CDC) estimated that about 2.7 million people in the US have atrial fibrillation, and this number is further expected to increase during forecast period.
As cardiac disorder is a leading death causing factor, several governments have initiated different programs to promote awareness about cardiac health and available marketized products/treatments. For instance, Agency for Healthcare Research and Quality (U.S.) have initiated TAKEheart to promote use of cardiac rehabilitation. Besides, the elderly population is quite prone to heart disorders due to aging effects, becoming a critical driving factor for the cardiac rehabilitation market. Geographically, Asia Pacific is expected to give the highest market share owing to the presence of a vast elderly population in the area considering China and India. Technological advances in the healthcare industry has been playing vital card in booming the respective market. Advanced devices such as wearables, a virtual/digital solutions are developed by industry operators to capture unmet client gaps which is estimated to propel the market growth. Moreover, rising awareness could reduce the prevalence of such diseases leading to a decrease in market growth. However, high cost of cardiac rehabilitation devices, frequent product recalls might restraint the market.
The COVID-19 impact:
Recent pandemic outbreak of COVID-19 has impacted more than 200 economies and has reached approximately 14 million confirmed cases globally. The cardiac rehabilitation market is expected to experience decline in the growth for a shorter time span followed by significant growth in the demand. To flatten the impact curve, strict social distancing practices have affected various industrial domains. In addition, the disrupted supply chain and restricted international trade has impacted negatively to medical device industries. However, cardiac rehabilitation is a crucial service to monitor and control cardiac defects. To avoid the negative impact over business, many such market players are developing virtual cardiac rehabilitation. The development of e-Cardiac rehabilitation solutions or home-based cardiac rehabilitation programs with help of tele-consultancy is estimated to recover the market growth.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Cardiac Rehabilitation market on the basis of device type, application, end use and region:
Device Types Outlook (Revenue in Million USD; 2017–2027)
Applications Outlook (Revenue in Million USD; 2017–2027)
End Use Outlook (Revenue in Million USD; 2017–2027)
Regional Outlook (Revenue in Million USD; 2017–2027)
Table Of Contents
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2017 – 2027
Chapter 3. Indicative Metrics Chapter 4. COVID 19 impact assessment 4.1. Global cardiac rehabilitation Industry Outlook 4.1.1.1. Q1 2020 4.1.1.2. Q2 2020 4.1.1.3. Q3 2020 4.1.1.4. Q4 2020 4.2. Supply chain stabilization 4.2.1.1. Supply scenario 4.2.1.2. Demand scenario 4.3. Upcoming strategies required to combat the current situation
Chapter 5. Global Cardiac Rehabilitation Segmentation & Impact Analysis 5.1. Global Cardiac Rehabilitation Segmentation Analysis 5.2. Industrial Outlook 5.3. Market Indicators Analysis 5.3.1. Market Drivers Analysis 5.3.1.1. Rising prevalence of cardiovascular disorders 5.3.1.2. Increasing technological advancements 5.3.1.3. Rise in incidence of lifestyle-associated diseases 5.3.1.4. Growing geriatric population 5.3.2. Market Restraints Analysis 5.3.2.1. Higher cost of rehabilitation devices 5.4. Regulatory Framework 5.5. Porter’s Five Forces Analysis
Chapter 6. Global Cardiac Rehabilitation Market by Device Type Insights & Trends
Continued…..
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