Cardiac Rehabilitation Market Revenue to Cross US$ 2,865.42 million by 2028 with CAGR of 6.2% by The Insight Partners
The cardiac rehabilitation market is predicted to reach US$ 2,865.42 million by 2028 from US$ 1,780.98 million in 2020 it is estimated to grow at a CAGR of 6.2%
NEW YORK, UNITED STATES, January 23, 2023 /EINPresswire.com/ -- According to our new research study on “Cardiac Rehabilitation Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product, Application, and End-User,” the market is expected to reach US$ 2,865.42 million by 2028 from US$ 1,780.98 million in 2020; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving its growth. The growth of the cardiac rehabilitation market is mainly attributed to the factors such as rising incidence of cardiovascular diseases and growing adoption of tele-cardiac rehabilitation. However, the high cost of cardiac rehabilitation equipment hinders the market growth.
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Key Players Analysis- Halma plc; OMRON Corporation; AVECINNA; Koninklijke Philips N.V; General Electric Company; Core Health & Fitness, LLC; Peloton Interactive, Inc; Resideo Technologies, Inc; ergoline GmbH; and HealthCare International are among the leading companies operating in the cardiac rehabilitation market.
Based on application, the cardiac rehabilitation market is segmented into angioplasty, coronary artery disease, cardiomyopathy, cholesterol management, diabetes, and lung transplant. The angioplasty segment held the largest market share in 2020 and is expected to retain its dominance during the forecast period. The increasing number of angioplasties is contributing to the market growth for this segment. For instance, as per the AHA 2019 Heart Disease and Stroke Statistics, around 480,000 patients underwent percutaneous coronary intervention (PCI) in the US in 2014.
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The report segments the cardiac rehabilitation market as follows:
By Product
Treadmill
Elliptical Trainer
Stationary Bicycle
Blood Pressure Monitor
Rower
Heart Rate Monitor
Stabilization Balls
Others
By Application
Angioplasty
Coronary Artery Disease
Cardiomyopathy
Cholesterol Management
Diabetes
Lung Transplant
By End User
Cardiac Rehabilitation Centers
Home Healthcare
Specialty Hospitals
Hospitals
Others
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