The cardiac rehabilitation market size is projected to reach US$ 3.4 billion by 2031 from US$ 2.3 billion in 2023. The market is expected to register a CAGR of 6.7% during 2023–2031. Technological advancements in cardiac rehabilitation devices are likely to remain key trends in the market.
Cardiac Rehabilitation Market Analysis
Innovative product launches by the companies will accelerate demand for cardiac rehabilitation in the coming decade. OmniVR's "Virtual Rehabilitation System" has an interactive customizable seated and standing activities. OmniVR helps to address patient's cognitive impairment by incorporating activities that utilize memory and executive function. Virtual cardiac rehabilitation makes therapy fun and engaging for the patients and improves functional outcomes.
Cardiac Rehabilitation Market Overview
Cardiac rehabilitation reduces hospital readmission rates. For example, "HeartBeat" is a comprehensive community-based outpatient cardiac rehabilitation service. The sessions are organized by qualified health professionals and counsellors and general practioners who provide feedback to program organizers, select suitable patients, encourage patient attendance, provide support with patient medication management, and monitor and treat patient CVD risk factors. Such outpatient cardiac rehabilitation programs will control the rising cardiovascular disease rate in the coming years.
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You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
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Cardiac Rehabilitation Market Drivers and Opportunities
Rising Cardiovascular Diseases to Favor Market
According to the American Heart Association, Inc. 2024 report, cardiovascular disease (CVD) remains the leading cause of death in the US, accounting for 928,741 deaths in 2020. Therefore, with rising cardiovascular diseases, cardiac rehabilitation is an important program for anyone receiving heart attack, heart failure, and other heart problems seeking surgery or medical care. Therefore, rising cardiovascular diseases accelerate demand for cardiac rehabilitation acting as the major drivers for global cardiac rehabilitation market share.
Virtual Cardiac Rehabilitation Provides Lucrative Market Opportunity
Home-based or virtual cardiac rehabilitation (CR) can overcome the barriers to accessing center-based CR by safely benefitting the service. For example, the virtual cardiac rehabilitation program services include exercise options, weekly newsletters and live-virtual discussions on heart health, virtual appointments, and special workshops for program offers such as Meditation sessions. Furthermore, Kaiser Permanente in June 2019 started offering a virtual cardiac rehabilitation program. The program was enrolled with more than 2,300 patients making it one of the largest programs in the US. Therefore, due to virtual cardiac rehabilitation, cardiac-related hospital readmissions for patients recorded less than 2% in the same year. Therefore, virtual cardiac rehabilitation will provide a lucrative market opportunity to grow exponentially during 2021-2031.
Cardiac Rehabilitation Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cardiac rehabilitation market analysis are type, cause, disorder type, category, and end user.
- Based on product, the cardiac rehabilitation market is segmented as heart rate monitor, stabilization balls, treadmill, elliptical trainers, blood pressure monitors, stationary bicycle, and others. The treadmill segment held a larger market share in 2023.
- By application, the market is segmented into angioplasty, coronary artery disease, cardiomyopathy, cholesterol management, diabetes, and lung transplant. The angioplasty segment held the largest share of the market in 2023.
- By end user, the market is segmented into hospitals & clinics, specialty hospitals, home healthcare, cardiac rehabilitation centers, and others. The cardiac rehabilitation centers segment held the largest share of the market in 2023.
Cardiac Rehabilitation Market Share Analysis by Geography
The geographic scope of the Cardiac Rehabilitation market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America region, the US accounts largest share for cardiac rehabilitation market. Presence of top cardiac rehabilitation service providers in the region and government supportive virtual cardiac rehabilitation programs are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Cardiac Rehabilitation Market Regional Insights
The regional trends and factors influencing the Cardiac Rehabilitation Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Cardiac Rehabilitation Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Cardiac Rehabilitation Market
Cardiac Rehabilitation Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2.3 Billion |
Market Size by 2031 | US$ 3.4 Billion |
Global CAGR (2023 - 2031) | 6.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Cardiac Rehabilitation Market Players Density: Understanding Its Impact on Business Dynamics
The Cardiac Rehabilitation Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Cardiac Rehabilitation Market are:
- Halma plc,
- OMRON CORPORATION,
- AVECINNA,
- Koninklijke Philips N.V.,
- GE Healthcare,
- Core Health & Fitness, LLC,
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Cardiac Rehabilitation Market top key players overview
Cardiac Rehabilitation Market News and Recent Developments
The Cardiac Rehabilitation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Cardiac Rehabilitation market are listed below:
- Lupin Digital Health, announced the introduction of the world's first-ever "Digital Therapeutics Certificate" for cardiologists. "Lyfe" developed by Lupin Digital Health is India's first clinically proven remote cardiac rehabilitation program. The program has demonstrated its effectiveness in enhancing heart health and improve the quality of life for cardiovascular patients. (Source: Lupin, Company Website, January 2024)
Cardiac Rehabilitation Market Report Coverage and Deliverables
The “Cardiac Rehabilitation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Cardiac rehabilitation market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cardiac Rehabilitation market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Cardiac Rehabilitation market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Cardiac Rehabilitation market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product , Application , and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the cardiac rehabilitation market in 2023.
Rising cardiovascular disease to favor market is one of the most influential factors responsible for market growth.
Technological advancements in cardiac rehabilitation devices to remain as a key trend for cardiac rehabilitation market.
Halma plc, OMRON CORPORATION, AVECINNA, Koninklijke Philips N.V., GE Healthcare, Core Health & Fitness, LLC, Peloton Interactive, Inc., Resideo Technologies, Inc, ergoline GmbH, and Lupin are the key players in the cardiac rehabilitation market.
The estimated value of cardiac rehabilitation market accounted US$ 3.4 billion in 2031.
The CAGR for cardiac rehabilitation accounted 6.7% during 2023-2031.