Cardiac Rehabilitation Devices Market

Cardiac Rehabilitation Devices Market Outlook (2022-2027)

The global cardiac rehabilitation devices market is valued at US$ 2 billion in 2022 and is estimated to expand at a CAGR of 5% from 2022 to 2027 to reach US$ 2.7 billion by 2027.

In gyms, elliptical trainers are the most prevalent type of exercise equipment. They support cardiovascular system sturdiness. As less force is placed on the joints by these exercise equipment, the chances of bodily damage are lowered. Thus, global sales of elliptical trainers are predicted to increase at a healthy CAGR of 5.5% through 2027.

A medical program called cardiac rehabilitation is specifically meant for persons who have had a heart attack, heart valve operation, heart failure, or any other heart-related condition. For those suffering from these issues, this program includes an exercise regimen that can help them regain their full or ideal fitness.

A qualified or competent practitioner designs these training or exercise regimens, and while the patients are undergoing them, their vital signs are closely monitored. For patients to lead a high-quality lifestyle, this cardiac rehabilitation program offers advice on exercises, food, stress management, and other topics. Several cardiac rehabilitation devices are utilized to run the concerned programs effectively.

The growing prevalence of lifestyle-related disorders, including cardiovascular disorders and diabetes, is the main factor driving the growth of the global market for cardiac rehabilitation devices. Cardiac rehabilitation for ventricular assist device patients can be performed under specialized professionals.

Other factors anticipated to support market expansion include the senior population's increased concerns about heart disease and the urge to improve physiological well-being by reducing stress levels. Furthermore, prominent industry participants are projected to benefit from new opportunities in the cardiac rehabilitation device market brought on by technological developments and the invention of new cardiac rehab technologies.

Latest Market Developments

The market exhibits a modest level of competition and is dominated by international firms. To offer patients technologically high-tech rehab solutions, key manufacturers of cardiac rehabilitation devices are concentrating more on product development, which is increasing the competition among major market players. However, it is anticipated that several small- to mid-sized new firms would enter the market soon and acquire a sizable portion of it.

• Flexnest, a well-known D2C fitness firm, announced the release of the Connect Elliptical Cross Trainer, Flextrainer+ in June 2022. The new Flextrainer connects without any wire to Android and iOS phones and tablets and offers instructors to help with fitness quests.
• SportsArt introduced the ECO-POWR line in June 2022 with the G866 Front-Drive Elliptical. Equipment for cardio, strength training, and rehabilitation uses ECO-POWR for the residential, medical, and fitness industries.

Report Attributes	Details
Cardiac Rehabilitation Devices Market Size (2022E)	US$ 2 Billion
Forecasted Market Value (2027F)	US$ 2.7 Billion
Global Market Growth Rate (2022-2027)	5% CAGR
China Market Growth Rate (2022-2027)	4.5% CAGR
Share in Rehabilitation Equipment Market (2022)	13.4%
Key Companies Profiled	Amer Sports Corporation Brunswick Corporation Core Health & Fitness LLC Halma PLC Honeywell International, Inc. Johnson Health Tech Co., Ltd. Koninklijke Philips N.V. LifeWatch AG Omron Corporation Patterson Companies Inc. Smiths Group PLC Technogym SpA

What is Majorly Driving Demand for Cardiac Rehabilitation Devices?

“Rising Prevalence of Cardiovascular Diseases Worldwide”

According to a global study on the cardiac rehabilitation industry, the market is influenced by several factors, including improper eating practices, mismanaged daily schedules, and the diseases that are brought on by these things, such as heart diseases, hyperlipidemia, and obesity.

The healthcare industry is changing as a result of new, creative technological developments that integrate with cardiac rehabilitation equipment and new products on the market.

Sales of cardiac rehabilitation devices are being driven by the advantages of technologies used in cardiac rehabilitation, such as real-time monitoring of blood pressure and heart rate.

High-intensity training, a new healthcare innovation, aids in reducing obesity and improving cardiovascular health. These medical procedures transform the industry and benefit patients with cardiovascular diseases when combined with platforms such as artificial intelligence (AI), machine learning, and especially the internet of things (IoT).

Other factors influencing the market include its recent expansion, which encouraged users to start investing large sums of money in equipment used in cardiac rehabilitation systems including treadmills, stability balls, elliptical trainers, and others.

“Increasing Fear of Ischemic Heart Disease Fueling Sales of Cardiac Rehabilitation Devices”

• Ischemic heart disease is a major cause of death globally, according to the study "Global Epidemiology of Ischemic Heart Disease: Results from the Global Burden of Disease Study" which was published in the Cureus Journal of Medical Science in July 2020.
• Roughly 126 million individuals globally (1,655 per 100,000), or roughly 1.72% of the world's population, suffer from ischemic heart disease. By 2030, it is anticipated that there would be more than 1,845 cases of ischemic heart disease per 100,000 people worldwide.

Individuals who are affected by heart diseases are adopting prevention techniques such as cardiac rehabilitation more frequently, which is driving the market's expansion.

What Challenges are Faced by Cardiac Device Manufacturers?

“High Costs of Cardiac Rehab Devices - A Market Dampener”

The cost of treatments utilising these devices has increased as a result of higher demand and decreased production volume for cardiac rehabilitation devices. The main obstacle to the market's expansion is that a significant portion of the world's population cannot afford these devices at home.

The current situation's slow approval of cardiac rehabilitation equipment due to rigorous rules by respective authorities is another aspect that could act as a barrier. The high cost of setting up the devices and technologies used in cardiac rehabilitation can act as challenges in the cardiac rehab devices market growth.

Which Region is Expected to Be Beneficial for Cardiac Device Manufacturers?

“Rapidly Rising Cases Related to Lifestyle Diseases in North America”

The market for cardiac rehabilitation equipment in North America, which includes developed nations such as the U.S. and Canada, is currently the most lucrative region due to the high percentage of spending power of individuals on healthcare, presence of well-established healthcare infrastructure, and ease of adopting new technologies. The prevalence of cardiovascular disorders is on the rise, and Tele-cardiac rehabilitation is becoming more widely adopted.

The prevalence of cardiovascular disease (CVD) and lifestyle disorders has increased. The frequency of diabetes and increasing cases of obesity due to improper diet are boosting sales of cardiac rehab devices in the North American region.

The MEA and Asia Pacific regions, on the other hand, are predicted to experience healthy growth during the forecast period. The development of healthcare facilities and the adoption of technologically advanced tools are expected to contribute to this rise.

The need for cardiac rehabilitation equipment is growing as the elderly population grows and as the number of people who care about their health and fitness rises.

Country-wise Analysis

What is Supporting Sales of Cardiac Rehabilitation Devices in the U.S.?

“Presence of Well-established Healthcare Systems & Facilities”

In terms of healthcare, the United States is the most developed nation in the North American region, largely due to the advancement of healthcare systems. Rising demand for cardiac rehab devices in the United States is boosting market growth. This is due to the higher acceptance of advanced technologies by the American population and the increased focus on cutting the prevalence of heart disease.

• For instance, the Centers for Disease Control and Prevention began the Million Hearts national project in August 2022 with the goal of preventing 1 million heart strokes and heart attacks. It concentrates on putting into practice a small set of priorities and objectives supported by research that can improve cardiovascular health for all.

How is the Market for Cardiac Rehabilitation Devices Evolving in China?

“Fitness Fanatics Making High Use of Heart Rate Monitor Watches”

China’s cardiac rehabilitation devices market is expected to expand at a CAGR of 4.5% from 2022 to 2027 and will reach US$ 478 million by 2027.

Some major driving forces behind the market's expansion include the surge in technologically sophisticated cardiac rehabilitation devices and favourable government efforts for cardiac rehabilitation.

The market is expanding as a result of rising cardiovascular disease cases, raising awareness of cardiac rehabilitation, and high enrollment rates in cardiac rehabilitation programs.

Demand for heart rate monitor watches is anticipated to increase as millennials use smartwatches more frequently and as attention to health and fitness increases.

Category-wise Analysis

Why is Demand for Elliptical Trainers Higher Than Other Product Types?

“Elliptical Trainers Highly Popular Due to Their Easy In-house Use”

Based on product, the market is segmented into treadmills, elliptical trainer devices, stationary bicycles, blood pressure monitor devices, heart rate monitor devices, stabilization balls, and others.

Since it can mimic climbing stairs and aids patients in cardio fitness, the elliptical trainer category is the most lucrative among others. Over the next five years, global sales of elliptical trainers are projected to increase at a CAGR of 5.5%.

• According to research by the National Center for Biotechnology Information, elliptical trainers are much more beneficial than cycling and walking on a treadmill.

Thus, demand for seated and upright models is anticipated to rise throughout the forecast period. Demand for various gym or exercise equipment, including elliptical trainers, is been driven by an increase in the number of health-conscious demographics and a quick transition towards healthier lifestyles.

Key Segments in Cardiac Rehabilitation Devices Industry Research

• By Product :

  • Treadmills
  • Elliptical Trainers
  • Stationary Bicycles
  • Blood Pressure Monitors
  • Heart Rate Monitors
  • Others

• By End User :

  • Hospitals
  • Clinics
  • Rehab Centers
  • Other

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA