Increasing burden of cardiovascular diseases has made the global
population realize the importance of physical activities in daily
routine. This has increased demand for cardiac rehabilitation
programs. Such programs help the patients to recover early from any
previous cardiac strokes. A cardiac rehabilitation program is a
comprehensive activity, which is continuously monitored in order to
assist the population to improve their lifestyle. Various
cardiovascular risk parameters are monitored and are tapered to
healthy level. Cardiac rehabilitation programs include exercise
training, monitoring of body vitals, education about healthy habits,
and various other activities that helps the body to retain its
healthy state. Cardiac rehabilitation activities help reduce the risk
of future occurrence of cardiac strokes, reduce the pain and
requirement for medicines in cardiac treatment, improve health status
by decreasing the risk factors for cardiac attacks, and help to
improve the health status by reducing the risk factors.
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The rising burden of cardiovascular diseases across the globe drives
the cardiac rehabilitation market. Factors boosting the cardiac
rehabilitation market are rising geriatric population and increasing
awareness about cardiovascular diseases. Interventions from
government and international bodies such as the World Health
Organization and the America Heart Association help to increase the
level of awareness across the globe. Thus, increase in awareness
level is expected to boost demand for rehabilitative products.
Physical activity is a significant part of a cardiac rehabilitation
program. Hence, exercise equipment and devices play a significant
role in cardiac rehabilitation programs. Cardiac rehabilitation
equipment are classified into exercise equipment and monitoring
devices. These help improve cardiac health, increase metabolism,
improve hormonal profile, and recovery ability. Demand for indoor
exercise equipment has increased due to changing lifestyle and
habits. Cardiac exercises assure reduction of essential parameters
such as blood pressure and heart rate to normal levels. Cardiac
performance is measured through indicators on various monitoring
devices such as activity trackers and wristbands. Monitoring devices
track and continuously monitor the vital stats such as blood pressure
and heart rate.
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Moreover, these equipment offer low impact workout to the user. Due
to continuous changing demand of customers with respect to features
offered by cardiac rehabilitation products, the market experiences
high innovational activities. Blending of advanced technologies and
improving product offerings has been a common trend in the market.
The continuous integration of advanced technology with existing basic
equipment leads to volatility in market dynamic in terms of features.
This dynamic market increases the rate of obsolescence and shortens
the lifespan of a product. The apparent implication of such behavior
of market increases the cost for both manufacturer and end-user. The
global cardiac rehabilitation market has been segmented based on
device and geography. Based on device type, the market has been
categorized into exercise equipment and monitoring devices. The
treadmill segment accounted for the largest share of the cardiac
rehabilitation market. The heart rate monitor segment is expected to
witness the highest compound annual growth rate during the forecast
period. Cardiac rehabilitation devices also include elliptical
trainer, rower, and stationary bicycle. Geographically, the market
has been divided into six regions: North America, Europe, Asia
Pacific, Latin America, Middle East & Africa, and Rest of the
World. North America accounted for the largest share of the global
cardiac rehabilitation market in 2015. The market in Asia Pacific is
anticipated to grow at the fastest pace from 2016 to 2024.
Major players in the market are Ball Dynamics International, LLC
(Longmont, U.S.), Core Health & Fitness, LLC (Vancouver, U.S.),
Honeywell International, Inc. (Brookfield, U.S.), LifeWatch AG (Zug,
Switzerland), OMRON Corporation (Kyoto, Japan), Patterson Companies,
Inc. (Warrenville, Illinois U.S.), Philips (Amsterdam, Netherlands),
Amer Sports (Helsinki, Finland), Smiths Group (London, U.K.), Halma
plc (Buckinghamshire, U.K.), and Brunswick Corporation (Illinois,
U.S.).
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