The global
cardiac rehabilitation market predicts a CAGR of
around 7% during the period 2022.The report segments the
global cardiac rehabilitation market based on the phases such as phase I, phase
II, and phase III. The report also presents an analysis of the market's growth
prospects across various geographic regions such as the Americas, APAC, and
EMEA. It provides a detailed illustration of the major factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.
Here are some key findings of the global cardiac rehabilitation
market, according to Technavio researchers:
·
High prevalence of cardiovascular diseases: a major market
driver
·
Increasing adoption of telerehabilitation: a key trend
·
The Americas dominated the global cardiac rehabilitation market
with 43% share in 2017
·
Apollo Hospitals, Cedars-Sinai, Cleveland Clinic, CMFT, and
MFMER are the leading players in the market
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High prevalence of cardiovascular diseases: a major market
driver
High prevalence of cardiovascular diseases is one of the major
factors driving the global cardiac rehabilitation market.
Cardiovascular diseases are the leading cause of deaths globally. The
prevalence of these diseases is high due to the unhealthy and sedentary
lifestyle. Geriatric population is more prone to cardiovascular diseases as their
heart functionality becomes weak. In 2015, over 6% of the global population was
diagnosed with cardiovascular diseases, therefore, it remained the leading
cause of death in the world.
Additionally, there is a high prevalence of recurring heart
diseases. For instance, according to the CDC, every year, on an average 210,000
recurrent cases of cardiovascular diseases are recorded in the US. This has
made cardiac rehabilitation essential to prevent recurrent cases and secondary
heart complications. The prevalence of cardiovascular disease is expected to
increase by 20%-25% by 2030, which will lead to the growth of the global
cardiac rehabilitation market.
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Americas: largest cardiac rehabilitation market
Technavio researchers anticipate high growth for the global cardiac
rehabilitation market in the Americas. In 2017, the Americas dominated
the global cardiac rehabilitation market with 43% market share owing to the
wide presence of many hospitals and favorable reimbursement scenario. The US
was the largest revenue generator in the Americas. The increasing awareness
about cardiac rehabilitation and high patient burden in South American
countries such as Brazil and Chile are expected to drive the growth of the
market in this region during the forecast period. In 2017, the market in EMEA
accounted for close to 36% market share. The growth of this region can be
attributed to the unmet demand from MEA, where the prevalence of cardiovascular
diseases is high, and the availability of cardiac rehabilitation programs is
low.
According to a senior analyst at Technavio for research on health and wellness, “APAC
is expected to witness the highest growth rate during the forecast period due
to the presence of many LMICs and the highest prevalence of cardiovascular
diseases. The increasing number of established hospitals and rising need to
meet the large demand for cardiac rehabilitation programs are also driving the
growth of the market in this region.”
Competitive vendor landscape
The cardiac rehabilitation market is fragmented due to the presence
of several players. This industry research report provides a comprehensive
analysis of the market’s competitive landscape. Moreover, the report also
provides an analysis of the key strategies the competitors follow to sustain
the market’s competitive environment. The leading players such as Apollo
Hospitals, Cedars-Sinai, Cleveland Clinic, CMFT, and MFMER are developing
programs such as telerehabilitation and cardiac rehabilitation through mobile
applications.
