The Infinium Global Research analyzes the Cardiac Rehabilitation Device Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global cardiac rehabilitation device market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of cardiac rehabilitation device. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the cardiac rehabilitation device market during the period.
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Cardiovascular diseases take the lives of 17.9 million people every year, 31% of all global deaths. Cardiac rehabilitation is an evidence based, cost effective, multidisciplinary program of individual patient risk factor assessment and management, exercise training, and psychosocial support for patients with heart disease that reduces mortality by 12% to 34%. It is designed to improve cardiovascular health. These procedures are majorly adopted by patients with heart diseases. The main goals of cardiac rehabilitation are increasing functional capacity, decrease symptoms, and to boost the psychosocial well-being. The cardiac rehabilitation devices also providescontinuous ECG monitoring and automated arrhythmia detection during rehabilitation training.
Cardiac Rehabilitation Device Market is Mainly Driven by Increasing Number of Cardiac Patients, Advanced Technology, and Increasing awareness About the Cardiac Devices
The cardiac rehabilitation device market is mainly driven by increasing number of cardiac patients, advanced technology, and increasingawareness about the cardiac devices. As per American Heart Association, cardiac death appears among multiple causes of death on 13.5% of death certificates, which suggests that 1 of every 7.4 people in the U.S. is anticipated to die of sudden cardiac death.In addition, the changing life style also contributes to the cardiac rehabilitation device market. However, the high cost of cardiac rehabilitation devices and strict rules and regulations hinders the growth of cardiac rehabilitation device market. The investments made in research and development of cardiac rehabilitation device market generates an opportunity for the cardiac rehabilitation device market.
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Cardiac Rehabilitation Device Market: Segmentation
Cardiac rehabilitation device market is segmented on the basis of device type. The segment is further classified into treadmill, heart rate monitor, blood pressure monitor, rower, stationary bicycle, stationary ball, and seated and upright elliptical trainer. Heart rate monitors are anticipated to dominate the cardiac rehabilitation device market. The rise in cardiac rehabilitation centers and availability of wearable heart rate monitors promotes the growth of this segment.
North America Region Dominant in Cardiac Rehabilitation Device Market
Geographically, cardiac rehabilitation device market is divided into North America, Europe, Asia-Pacific, and Rest of the World. The increasing cases of chronic diseases, rising geriatric population and increasing expenditure on healthcare makes the North America region dominant in cardiac rehabilitation device market. According to the Centers for Disease Control, in the U.S. alone, chronic diseases account for nearly 75 percent of aggregate healthcare spending, or an estimated $5300 per person annually. Moreover, Asia-Pacific region is expected to grow at the fastest rate in the cardiac rehabilitation device market as cardiac rehabilitation is gaining popularity in Asian countries such as China, Japan and India.
Cardiac Rehabilitation Device Market: Competitive Analysis
The leading players in cardiac rehabilitation device market are Core Health & Fitness, LLC, OMRON Corporation, Ball Dynamics International, LLC, Koninklijke Philips N.V., Amer Sports, Smiths Group plc. Honeywell International Inc., BioTelemetry Inc., Patterson Companies Inc., Halmaplc, and Brunswick Corporation. To sustain in the market, companies are launching new products, make partnerships, collaborations, joint ventures etc. For instance, Philips launched Zenition mobile C-arm platform for enhanced operating room performance and workflow efficiency. Philips is leading health Technology Company.
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