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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Cardiac Rehabilitation Market: Strategic Insights
Market Size Value in US$ 1,780.98 Million in 2020 Market Size Value by US$ 2,865.42 Million by 2028 Growth rate CAGR of 6.2% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Cardiac Rehabilitation Market: Strategic Insights
| Market Size Value in | US$ 1,780.98 Million in 2020 |
| Market Size Value by | US$ 2,865.42 Million by 2028 |
| Growth rate | CAGR of 6.2% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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 Report Scope
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
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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