0

Cardiac Rehabilitation Market by Phase and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR43106
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The cardiac rehabilitation market share is expected to increase by USD 1.63 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 6.5%.

This cardiac rehabilitation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cardiac rehabilitation market segmentation by phase (phase I, phase II, and phase III) and geography (North America, Europe, and Asia). The cardiac rehabilitation market report also offers information on several market vendors, including Apollo Hospitals Enterprise Ltd., Cedars-Sinai Health System, Fortis Healthcare Ltd., Manchester University NHS Foundation Trust, Mayo Foundation for Medical Education and Research, National Jewish Health, St. Mary Medical Center, The Cleveland Clinic Foundation, University Hospitals, and University of Ottawa Heart Institute among others.

What will the Cardiac Rehabilitation Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Cardiac Rehabilitation Market Size for the Forecast Period and Other Important Statistics

 

Cardiac Rehabilitation Market: Key Drivers, Trends, and Challenges

The reforming healthcare systems in emerging countries is notably driving the cardiac rehabilitation market growth, although factors such as lack of access in LMICs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cardiac rehabilitation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cardiac Rehabilitation Market Driver

Reforming healthcare systems in emerging countries is a major driver fueling the cardiac rehabilitation market growth. The prevalence of chronic diseases is high in many emerging countries. Many of these countries also lack financial support to provide adequate healthcare services. However, the economies of these countries are expanding owing to the entry of the large number of private players that are keen on less investments and are focused on expanding their presence in these countries. The availability of low-cost resources and the large unmet demand are profitable for these investors. This enables the countries to become economically strong and, in turn, impacts the growth of the healthcare system of the countries. Public healthcare systems in emerging economies are also witnessing growth in terms of infrastructure and availability of services in community centers. An increase in the number of hospitals with advanced infrastructure in emerging countries, where the disease burden is high, can influence the growth of the global cardiac rehabilitation market as cardiac rehabilitation is a measure to reduce hospital readmission rates. Therefore, the evolving healthcare system and government support will help in the growth of the global cardiac rehabilitation market during the forecast period.

Key Cardiac Rehabilitation Market Trend

The introduction of the ICR program is a major trend influencing the cardiac rehabilitation market growth. ICR programs differ from traditional cardiac rehabilitation programs. These programs are more frequent and rigorous and aim at reducing the readmission rate of patients in hospitals. These programs combine the phases of traditional rehabilitation and provide an extensive and integrated approach to cardiac rehabilitation.In ICR, a plant-based diet and other substitutes are provided along with integrated rehabilitation with a focus on reducing the readmission rate. In the US, the Medicare reimbursement program for ICR is approved through the national coverage determination process. ICR is eligible for 72 hours of billable treatment. The leading programs available under ICR are the Ornish program for heart disease reversal by Healthways, Pritikin program by Pritikin, and Benson-Henry Institute Of Cardiac Wellness Program by Massachusetts general hospital. Therefore, the shifting preference for ICR impacts the market positively.

Key Cardiac Rehabilitation Market Challenge

Lack of access to LMICs is a major hindrance to the cardiac rehabilitation market growth. The mortality rate related to cardiovascular disease is highest in LMICs; the volume accounts for three-fourths of the total number of deaths globally. This can be attributed to the lack of access to cardiac rehabilitation in these countries. Although post-surgical rehabilitation services are followed in most countries, an extensive cardiac rehabilitation scenario is yet to be established. The large incidence of cardiovascular diseases and lack of adequate hospital infrastructure are the major reasons for the lack of access to cardiac rehabilitation in LMICs.The major barriers to easy access to cardiac rehabilitation are the lack of referral; the dearth of trained practitioners; and lack of affordability, resources, and awareness. These factors hinder the growth of the cardiac rehabilitation market in LMICs. The additional costs incurred in cardiac rehabilitation programs make the whole treatment expensive. Due to the lack of affordability, the adoption of cardiac rehabilitation in LMICs is low.Only 20%-30% of the LMICs offer cardiac rehabilitation programs, out of which less than 9% of all low-income countries offer this service to patients with cardiovascular disease. However, the disease burden in these countries is over 75%. This hampers the growth of the global cardiac rehabilitation market.

This cardiac rehabilitation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the cardiac rehabilitation market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cardiac rehabilitation market during the forecast period.

Who are the Major Cardiac Rehabilitation Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Apollo Hospitals Enterprise Ltd.
  • Cedars-Sinai Health System
  • Fortis Healthcare Ltd.
  • Manchester University NHS Foundation Trust
  • Mayo Foundation for Medical Education and Research
  • National Jewish Health
  • St. Mary Medical Center
  • The Cleveland Clinic Foundation
  • University Hospitals
  • University of Ottawa Heart Institute

 

This statistical study of the cardiac rehabilitation market encompasses successful business strategies deployed by the key vendors. The cardiac rehabilitation market is fragmented and the vendors are deploying growth strategies such as organic and inorganic startegies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cardiac rehabilitation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cardiac Rehabilitation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cardiac rehabilitation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global healthcare equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Cardiac Rehabilitation Market?

For more insights on the market share of various regions Request for a FREE sample now!

45% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for cardiac rehabilitation market in North America. Market growth in this region will be faster than the growth of the market in regions.

Wide presence of many established large hospitals will facilitate the cardiac rehabilitation market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The rise of COVID-19 cases in 2020 impacted businesses and economic activities in the region. The decline in patients visiting hospitals and clinics impacted the growth of the cardiac rehabilitation market in 2020. Hospitals and healthcare workers shifted their focus to treat COVID-19 patients in 2020. The market is expected to return to normalcy during the forecast period due to the reduction in COVID-19 cases. Moreover, a significant portion of the US population (44%) has been completely vaccinated. This will drive people to visit cardiac rehabilitation facilities during the forecast period. 

What are the Revenue-generating Phase Segments in the Cardiac Rehabilitation Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The cardiac rehabilitation market share growth by the phase I segment will be significant during the forecast period. Phase I is anticipated to contribute a major share by the end of the forecast period due to the increasing availability of cardiac rehabilitation programs within hospitals and improving referral systems by physicians. Improving hospital infrastructure with advanced medical devices also leads to the growth of the market. This report provides an accurate prediction of the contribution of all the segments to the growth of the cardiac rehabilitation market size.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the cardiac rehabilitation market size and actionable market insights on post COVID-19 impact on each segment.

 

Cardiac Rehabilitation Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6.5%

Market growth 2020-2024

$ 1.63 billion

Market structure

Fragmented

YoY growth (%)

6.40

Regional analysis

North America, Europe, and Asia

Performing market contribution

North America at 45%

Key consumer countries

US, UK, Japan, Canada, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Apollo Hospitals Enterprise Ltd., Cedars-Sinai Health System, Fortis Healthcare Ltd., Manchester University NHS Foundation Trust, Mayo Foundation for Medical Education and Research, National Jewish Health, St. Mary Medical Center, The Cleveland Clinic Foundation, University Hospitals, and University of Ottawa Heart Institute

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Cardiac Rehabilitation Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive cardiac rehabilitation market growth during the next five years
  • Precise estimation of the cardiac rehabilitation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cardiac rehabilitation market industry across North America, Europe, and Asia
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cardiac rehabilitation market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Healthcare Equipment

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Phase

    • 5.1 Market segments
      • 5.2 Comparison by Phase
        • 5.3 Phase I - Market size and forecast 2020-2025
          • Exhibit 17: Phase I - Market size and forecast 2020-2025 ($ million)
          • Exhibit 18: Phase I - Year-over-year growth 2020-2025 (%)
        • 5.4 Phase II - Market size and forecast 2020-2025
          • Exhibit 19: Phase II - Market size and forecast 2020-2025 ($ million)
          • Exhibit 20: Phase II - Year-over-year growth 2020-2025 (%)
        • 5.5 Phase III - Market size and forecast 2020-2025
          • Exhibit 21: Phase III - Market size and forecast 2020-2025 ($ million)
          • Exhibit 22: Phase III - Year-over-year growth 2020-2025 (%)
        • 5.6 Market opportunity by Phase
          • Exhibit 23: Market opportunity by Phase

        6 Customer landscape

        • 6.1 Customer landscape
          • Exhibit 24: Customer landscape

        7 Geographic Landscape

        • 7.1 Geographic segmentation
          • Exhibit 25: Market share by geography 2020-2025 (%)
        • 7.2 Geographic comparison
          • Exhibit 26: Geographic comparison
        • 7.3 North America - Market size and forecast 2020-2025
          • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
          • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
        • 7.4 Europe - Market size and forecast 2020-2025
          • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
          • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
        • 7.5 Asia - Market size and forecast 2020-2025
          • Exhibit 31: Asia - Market size and forecast 2020-2025 ($ million)
          • Exhibit 32: Asia - Year-over-year growth 2020-2025 (%)
        • 7.6 ROW - Market size and forecast 2020-2025
          • Exhibit 33: ROW - Market size and forecast 2020-2025 ($ million)
          • Exhibit 34: ROW - Year-over-year growth 2020-2025 (%)
        • 7.7 Key leading countries
          • Exhibit 35: Key leading countries
        • 7.8 Market opportunity by geography
          • Exhibit 36: Market opportunity by geography ($ million)

        8 Drivers, Challenges, and Trends

        • 8.1 Market drivers
          • 8.2 Market challenges
            • Exhibit 37: Impact of drivers and challenges
          • 8.3 Market trends

            9 Vendor Landscape

            • 9.1 Overview
              • Exhibit 38: Vendor landscape
            • 9.2 Landscape disruption
              • Exhibit 39: Landscape disruption
              • Exhibit 40: Industry risks

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 41: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 42: Market positioning of vendors
            • 10.3 Apollo Hospitals Enterprise Ltd.
              • Exhibit 43: Apollo Hospitals Enterprise Ltd. - Overview
              • Exhibit 44: Apollo Hospitals Enterprise Ltd. - Business segments
              • Exhibit 45: Apollo Hospitals Enterprise Ltd.-Key news
              • Exhibit 46: Apollo Hospitals Enterprise Ltd. - Key offerings
              • Exhibit 47: Apollo Hospitals Enterprise Ltd. - Segment focus
            • 10.4 Cedars-Sinai Health System
              • 10.5 EvergreenHealth
                • Exhibit 52: EvergreenHealth - Overview
                • Exhibit 53: EvergreenHealth - Product and service
                • Exhibit 54: EvergreenHealth -Key news
                • Exhibit 55: EvergreenHealth - Key offerings
              • 10.6 Fortis Healthcare Ltd.
                • Exhibit 56: Fortis Healthcare Ltd. - Overview
                • Exhibit 57: Fortis Healthcare Ltd. - Business segments
                • Exhibit 58: Fortis Healthcare Ltd.-Key news
                • Exhibit 59: Fortis Healthcare Ltd. - Key offerings
                • Exhibit 60: Fortis Healthcare Ltd. - Segment focus
              • 10.7 Manchester University NHS Foundation Trust
                • Exhibit 61: Manchester University NHS Foundation Trust - Overview
                • Exhibit 62: Manchester University NHS Foundation Trust - Business segments
                • Exhibit 63: Manchester University NHS Foundation Trust - Key offerings
                • Exhibit 64: Manchester University NHS Foundation Trust - Segment focus
              • 10.8 Mayo Foundation for Medical Education and Research
                • Exhibit 65: Mayo Foundation for Medical Education and Research - Overview
                • Exhibit 66: Mayo Foundation for Medical Education and Research - Product and service
                • Exhibit 67: Mayo Foundation for Medical Education and Research - Key offerings
              • 10.9 Novant Health
                • Exhibit 68: Novant Health - Overview
                • Exhibit 69: Novant Health - Product and service
                • Exhibit 70: Novant Health - Key offerings
              • 10.10 Scarborough Health Network
                • Exhibit 71: Scarborough Health Network - Overview
                • Exhibit 72: Scarborough Health Network - Product and service
                • Exhibit 73: Scarborough Health Network - Key offerings
              • 10.11 The Cleveland Clinic Foundation
                • Exhibit 74: The Cleveland Clinic Foundation - Overview
                • Exhibit 75: The Cleveland Clinic Foundation - Business segments
                • Exhibit 76: The Cleveland Clinic Foundation-Key news
                • Exhibit 77: The Cleveland Clinic Foundation - Key offerings
                • Exhibit 78: The Cleveland Clinic Foundation - Segment focus
              • 10.12 UNC Health Care
                • Exhibit 79: UNC Health Care - Overview
                • Exhibit 80: UNC Health Care - Product and service
                • Exhibit 81: UNC Health Care - Key offerings

              11 Appendix

              • 11.1 Scope of the report
                • 11.2 Currency conversion rates for US$
                  • Exhibit 82: Currency conversion rates for US$
                • 11.3 Research methodology
                  • Exhibit 83: Research Methodology
                  • Exhibit 84: Validation techniques employed for market sizing
                  • Exhibit 85: Information sources
                • 11.4 List of abbreviations
                  • Exhibit 86: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
                Interested in this report?
                Get your FREE sample now!
                The cardiac rehabilitation market market growth will increase by $$ 1.63 bn during 2021-2024.
                The cardiac rehabilitation market market is expected to grow at a CAGR of 6.5% during 2021-2024.
                Technavio has segmented the cardiac rehabilitation market market by other 1 (phase I, phase II, and phase III) ,geography (North America, Europe, and Asia) , and geographic (North America, Europe, and Asia).
                Apollo Hospitals Enterprise Ltd., Cedars-Sinai Health System, Fortis Healthcare Ltd., Manchester University NHS Foundation Trust, Mayo Foundation for Medical Education and Research, National Jewish Health, St. Mary Medical Center, The Cleveland Clinic Foundation, University Hospitals, University of Ottawa Heart Institute are a few of the key vendors in the cardiac rehabilitation market market.
                North America will register the highest growth rate of 45% among the other regions. Therefore, the cardiac rehabilitation market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the cardiac rehabilitation market market growth are:
                • High prevalence of cardiovascular diseases

                  Cardiovascular diseases are the leading cause of death globally. The prevalence of these diseases is high due to an unhealthy and sedentary lifestyle. The geriatric population is more prone to cardiovascular diseases as their heart functionality becomes weak. According to the World Health Organization, cardiovascular diseases are the major cause of deaths across the world, which account for about one-third of the total annual deaths.Additionally, there is a high prevalence of recurring heart diseases. For instance, 17.9 million deaths are reported globally due to CVDs, representing 32% of total deaths. According to the CDC, in the US, approximately 610,000 people succumb to heart diseases every year. The CDC also reports that every year, approximately 790,000 Americans have a heart attack, of which nearly 580,000 are first attacks, and 210,000 are recurrent attacks. CVD is the most prevalent disease, and it accounts for 40% of all deaths in European accounts. More than 4 million death occur every year in Europe with CVD, primarily due to stroke and coronary heart disease (CHD). Annually, sudden cardiac deaths occur in approximately 400 persons per million inhabitants in each country in Asia. This has made cardiac rehabilitation essential to prevent recurrent cases and secondary heart complications. The prevalence of cardiovascular diseases is expected to increase significantly in the upcoming decade (by 2030) owing to a growing sedentary lifestyle. This will also increase the awareness about cardiac rehabilitation to prevent the recurrence of diseases, which will lead to the growth of the global cardiac rehabilitation market.

                • Increasing adoption of telerehabilitation

                  Telerehabilitation refers to the delivery of rehabilitation services over telecommunication networks and the Internet. Telerehabilitation has two main components, such as clinical assessment and clinical therapy. Its adoption is increasing among the patients owing to its flexibility in terms of travel, cost, and time and ease of attending programs. Thus, it helps increase the adoption of cardiac rehabilitation. Hospitals are also increasingly shifting to telerehabilitation with an aim to provide an integrated cardiac rehabilitation program, which includes information, education, and training on diet and lifestyle changes. Telerehabilitation reduces the gap between patients and the healthcare provider, thus, reaching out to a large number of patients.Telemetry is used for the clinical assessment of patients. In cardiac rehabilitation, this is used to monitor patients' health and provides the data to the physician overlooking the process either at intervals or in real-time. It serves as an integrated system, where data about many patients is sent to the concerned physician, either remotely or through Wi-Fi or Bluetooth. This data is additionally saved in the electronic health records (EHRs) for future reference.Many vendors that offer medical devices and instruments for cardiac monitoring are focusing on offering telemetry. For example, Q-Tel RMS by Mortara helps in managing patient data and enhances the cardiac rehabilitation workflow. This device helps in recording patient data in real time, which is stored in one database. Few other devices, such as blood pressure monitoring and heart rate monitoring devices, can help in self-diagnosis. Treadmills and stationary bicycles are other exercise equipment that can be used at home.

                The cardiac rehabilitation market market vendors should focus on grabbing business opportunities from the phase i segment as it accounted for the largest market share in the base year.
                Safe and Secure SSL Encrypted
                Technavio

                Single User:

                2500 USD

                Technavio Get the report (PDF) sent to your email within minutes.

                Subscribe & Save

                Get lifetime access to our
                Technavio Insights

                Want to customize this report?

                This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

                We offer $1000 worth of FREE customization at the time of purchase
                Technavio
                Enquire Before Buying
                1. Home
                2. Health Care
                3. Published Report
                17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>