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Published Date: 2016-06-10Number of Pages: 96

Cardiac Rehabilitation Market (Device Type - Seated and Upright Elliptical Trainer, Stabilization Ball, Stationary Bicycle, Treadmill, Rower, Heart Rate Monitor, Blood Pressure Monitor) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

That aging has a significant impact on the cardiovascular system of humans is a well-known fact. As the world’s population of people aged more than 60 years rises at an alarming pace, the risk of deaths directly caused by a number of cardiovascular conditions is also rising. The WHO stated that nearly 17.5 mn deaths across the globe occurred due to a cardiovascular disease in 2015, accounting for a massive 31% of total global deaths that year.

Rising geriatric population and heightening concerns regarding the rising burden of cardiovascular diseases on struggling economies are the chief factors driving the increased demand for effective cardiac rehabilitation measures across the globe. Increased awareness regarding the fact that cardiovascular diseases can be prevented by adopting healthy lifestyles are also playing a major role in the rising global consumption of cardiac rehabilitation devices such as stationary bicycle, treadmills, elliptical trainers, heart rate monitors, and rowers. In addition to these factors, the rising intervention of government and private bodies are also playing a major role in raising the awareness regarding preventive measures, cardiac rehabilitation practices, and products.

TMR findings suggest that the global cardiac rehabilitation market expansion at a 5.4% CAGR from 2016 to 2024. The market, which had a valuation of US$1,010.93 mn in 2015, will rise to US$1,622.9 mn by 2024.

 

cardiac-rehabilitation-devices-market

 

Elliptical Trainers to Gain Prominence

Several studies have highlighted the vast and more beneficiary health effects of elliptical trainers, the devices that mimic climbing stairs, in comparison to other devices commonly used for cardio fitness. A study by the National Center for Biotechnology Information (NCBI) states that elliptical trainers have more benefits than exercises such as ground and treadmill walking and cycling. As a result, variety of elliptical trainers, such as seated and upright models, will be the most preferred cardiac rehabilitation products in the years to come.

The segment also dominates presently, accounting for an approximately 27% share of the global market in 2015. The valuation of the elliptical trainers segment is expected to expand at a healthy 6.0% CAGR from 2016 to 2024 in the global cardiac rehabilitation market.

The segment of heart rate monitors is also expected to gain a major push in the global cardiac rehabilitation market in the next few years. Factors that will increase the popularity of heart rate monitors will be the rising technological advancements, increasingly reliable outputs of new-age products, and their portable nature. The segment will expand at an approximately 7% CAGR from 2016 to 2024. 

North America to Continue Dominating Global Market but Emerging Economies to Fare Better for Investment Returns

The impact of cardiovascular diseases is especially tasking for developing and underdeveloped economies such as countries in Latin America, Asia Pacific, and Africa. The population in these regions accounts for a huge share of 82% in the overall deaths caused by non-communicable diseases across the world every year. A massive 37% of this is on account of deaths caused due to cardiovascular diseases.

As cardiovascular diseases form a huge burden on the already weak economies of developing and underdeveloped countries, and efforts are being undertaken to raise awareness regarding the need for cardiac rehabilitation for patients with cardiac disorders.

The global cardiac rehabilitation market will gain a sizeable share in the overall revenues from North America, which is presently the dominant regional market, over the period of forecast as well. North America accounted for over 50% share in the global market in 2014. However, developing regions across Asia Pacific and Latin America will lead to the most lucrative returns on investment owing to rising healthcare expenditure and increased awareness among the population. The market in Asia Pacific will expand at the highest CAGR of 6.8% from 2016 to 2024.

Table of Contents

Chapter 1 Preface
1.1 Report Description
1.2 Research Methodology
1.3 Market Segmentation

Chapter 2 Executive Summary
2.1 Global Cardiac Rehabilitation Market Share, by Geography, 2015–2024 (US$ Mn)
2.2 Global Cardiac Rehabilitation Market, by Type, 2014 (US$ Mn)
2.3 Cardiac Rehabilitation Market Snapshot

Chapter 3 Cardiac Rehabilitation Market– Industry Analysis 
3.1 Introduction
3.2 Market Drivers
     3.2.1 Rise in Geriatric Population
     3.2.2 Increase in global initiatives for cardiovascular diseases awareness
     3.2.3 Growing burden of cardiovascular diseases
3.3 Restraints
     3.3.1 High cost of investment
     3.3.2 Lack of skilled personnel
3.4 Opportunity
     3.4.1 Potential offered by developing countries in Asia
3.5 Industry Analysis: Cardiac Rehabilitation Market
     3.5.1 Key Market Trends: Utilization of Cardiac Rehabilitation
     3.5.2 Strategies to improve Cardiac Rehabilitation participation
3.6 Epidemiology: Cardiac Rehabilitation Market
     3.6.1 Epidemiology of Cardiovascular Diseases
     3.6.2 Epidemiology: Percentage distribution of deaths due to cardiovascular diseases across the globe
3.7 Global proportions of cardiovascular deaths caused by cardiovascular diseases, 2011
3.8 Porter’s Five Forces Analysis: Cardiac Rehabilitation Market
3.9 Pricing Analysis: Cardiac Rehabilitation Market
3.10 Market Attractiveness Analysis: Cardiac Rehabilitation Market
3.11 Competitive Landscape: Cardiac Rehabilitation Market
3.12 Value Chain Analysis

Chapter 4 Market Segmentation – By Device Type
4.1 Introduction
     4.1.1 Global Cardiac Rehabilitation Market Revenue, by Product, (US$ Mn), 2014–2024
4.2 Seated and Upright Elliptical Trainers
4.3 Stabilization Balls
4.4 Stationary Bicycles
4.5 Treadmill
4.6 Rower
4.7 Heart Rate Monitor
4.8 Blood Pressure Monitor

Chapter 5 Global Metabolomics Market Revenue, by Geography, 2013 - 2023 (US$ Mn)
5.1 Introduction
5.2 North America
5.3 Europe
5.4 Asia Pacific
5.5 Latin America
5.6 Middle East and Africa (MEA)
5.7 Rest of World

Chapter 6 Company Profiles
6.1 Ball Dynamics International, LLC 
6.2 Core Health and Fitness LLC
6.3 Honeywell International, Inc. (Honeywell Life Care Solutions) 
6.4 LifeWatch AG 
6.5 OMRON Corporation 
6.6 Patterson Companies, Inc.
6.7 Philips 
6.8 Amer Sports 
6.9 Smiths Group plc 
6.10 Halma plc 
6.11 Brunswick Corporation 
6.12 TechnoGym 
6.13 Johnson Health Tech. Co., Ltd 

List of Figures

Fig. No.1 Market Segmentation
Fig.No.2 Global Cardiac Rehabilitation Market Share, by Geography, 2015
Fig. No. 3 Global Cardiac Rehabilitation Market Share, by Geography, 2024
Fig. No. 4 Global Cardiac Rehabilitation Market, by Type, 2015 (US$ Mn)
Fig. No. 5 Population of older persons, estimated for 2015 and projected for 2050
Fig. No. 6 Hypothetical Overall Participation Rates for 100 Eligible Patients Using Program-Reported Survey Responses
Fig. No.7 NCDs are the leading cause of death in the Asian Region
Fig. No. 8 Epidemiology: Percentage distribution of deaths due to cardiovascular diseases across the globe
Fig. No. 9 Distribution of CVD deaths due to cardiovascular diseases, Males
Fig. No. 10 Distribution of CVD deaths due to cardiovascular diseases, Females
Fig. No. 11 Porter’s Five Forces Analysis: Cardiac Rehabilitation Market
Fig. No. 12 Global market, by Geography, 2014, Value (%)
Fig. No. 13 Global Cardiac Rehabilitation Market, by Key, Players, 2015 (%)
Fig. No. 14 Value Chain Analysis
Fig. No. 15 Global Seated and Upright Elliptical Trainers Market Revenue, (US$ Mn), 2014–2024
Fig. No. 16 Global Stabilization Balls Market Revenue, (US$ Mn), 2014-2024
Fig. No. 17 Global Stationary Bicycles Market Revenue, (US$ Mn), 2014-2024
Fig. No. 18 Global Treadmill Market Revenue, (US$ Mn), 2014–2024
Fig. No. 19 Global Rower Market Revenue, (US$ Mn), 2014–2024
Fig. No. 20 Global Heart Rate Monitor Market Revenue, (US$ Mn), 2014–2024
Fig. No. 21 Global Blood Pressure Monitor Market Revenue, (US$ Mn), 2014–2024
Fig. No. 22 Honeywell International, Inc.: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 23 LifeWatch AG: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 24 OMRON Healthcare, Inc.: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 25 Patterson Companies, Inc.: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 26 Philips: Annual Revenue, 2013–2015 (US$ Mn), 2013–2015
Fig. No. 27 Amer Sports: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 28 Smiths Group plc: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 29 Halma plc: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 30 Brunswick Corporation: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 31 TechnoGym: Annual Revenue, (US$ Mn), 2013–2015
Fig. No. 32 Johnson Health Tech. Co., Ltd.: Annual Revenue, (US$ Mn), 2013–2015

List of Tables

Table No. 1 Cardiac Rehabilitation: Market Snapshot
Table No. 2 Highest cardiovascular disease death rates infographic
Table No. 3 Pricing Analysis
Table No. 4 Global Cardiac Rehabilitation Market Revenue, by Product, (US$ Mn), 2014–2024
Table No. 5 Global Cardiac Rehabilitation Market Revenue, by Geography, (US$ Mn), 2014–2024
Table No. 6 North America Cardiac Rehabilitation Market Revenue, by Country, (US$ Mn), 2014–2024
Table No. 7 Latin America Cardiac Rehabilitation Market Revenue, by Country, (US$ Mn), 2014–2024
Table No. 8 Middle East & Africa Cardiac Rehabilitation Market Revenue, by Country, (US$ Mn), 2014–2024
Table No. 9 Rest of the World Cardiac Rehabilitation Market Revenue, by Country, (US$ Mn), 2014–2024 

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.

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.

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.).

The cardiac rehabilitation market has been segmented as follows:

  • Global Cardiac Rehabilitation Market, by Device Type
    • Seated and Upright Elliptical Trainer
    • Stabilization Ball
    • Stationary Bicycle
    • Treadmill
    • Rower
    • Heart Rate Monitor
    • Blood Pressure Monitor
       
  • Global Cardiac Rehabilitation Market, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of Middle East & Africa


 
 
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