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The Global Cardiac Rehabilitation Market size is estimated to grow by USD 1,953.85 million between 2022 and 2027 accelerating at a CAGR of 6.9%.
The growth of the market depends on several factors, including the high prevalence of cardiovascular diseases, the favorable reimbursement scenario in developed countries, and the reforming of healthcare systems in emerging countries. Challenges such as lack of access to LMICs may impede market growth for a little time span. But industry experts are focussing on overcoming the market challenges by following market trends such as the introduction of the ICR (Intensive Cardiac Rehabilitation) program in the cardiac rehabilitation market industry.
This report extensively covers market segmentation by end-user (rehab centers, hospitals, clinics, and others), type (phase i, phase ii, and phase iii), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Reforming healthcare systems in emerging countries is a major driver fueling the cardiac rehabilitation market growth. In many emerging countries, there is a high prevalence of chronic diseases. Additionally, these countries often face financial constraints in delivering adequate healthcare services. However, the entry of numerous private players, driven by the goal of minimizing investments and expanding their presence in these countries, is contributing to the economic growth of these nations. This influx of private players benefits from the availability of low-cost resources and a significant unmet demand, ultimately bolstering the economic strength of these countries and influencing the growth of their healthcare systems.
Furthermore, the public healthcare systems in emerging economies are experiencing growth in terms of infrastructure and the availability of services in community centers. This includes an increase in the number of hospitals equipped with advanced infrastructure in regions with a high disease burden. This development can have a direct impact on the growth of the global cardiac rehabilitation market, as cardiac rehabilitation plays a vital role in reducing hospital readmission rates. Consequently, the evolving healthcare system and government support are expected to contribute to the expansion of the global cardiac rehabilitation market throughout the forecast period.
The introduction of the ICR (Intensive Cardiac Rehabilitation) program is a major trend influencing the cardiac rehabilitation market growth. ICR programs, as opposed to traditional cardiac rehabilitation programs, exhibit notable distinctions. These programs are characterized by a higher frequency and greater intensity, with the primary objective of reducing hospital readmission rates among patients. By incorporating elements from different phases of traditional rehabilitation, ICR programs provide a comprehensive and integrated approach to cardiac rehabilitation. Additionally, ICR programs emphasize the integration of a plant-based diet and other substitutes, further enhancing the focus on reducing readmission rates.
In the United States, the Medicare reimbursement program for ICR undergoes approval through the national coverage determination process. ICR programs are eligible for 72 hours of billable treatment. Leading ICR programs available include the Ornish program for heart disease reversal by Healthways, the Pritikin program by Pritikin, and the Benson-Henry Institute Of Cardiac Wellness Program by Massachusetts General Hospital. As a result, the growing preference for ICR programs positively impacts the market.
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 these countries' lack of access to cardiac rehabilitation. 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.
In addition, the major barriers to easy access to cardiac rehabilitation are the lack of referrals; the dearth of trained practitioners; and the 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, which hampers the growth of the global cardiac rehabilitation market.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Cardiac Rehabilitation Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BHF- The company offers solutions for cardiac rehabilitation that helps one get back to as full a life as possible after a cardiac event such as a heart attack, heart surgery, or stent procedure. Also, under this segment, the company is involved in providing solutions for research, education, care, and awareness campaigns for heart and circulatory diseases.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the Rehab centers segment will be significant during the forecast period. The rehab centers segment held the largest market share of the cardiac rehabilitation market in 2022. It is owing to an increase in health consciousness among individuals and a boost in the number of rehabilitation facilities offering rehabilitation therapies in both emerging and developed economies, which, in turn, will fuel the growth of the global cardiac rehabilitation market during the forecast period.
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The rehab centers segment was valued at USD 1,759.87 million in 2017 and continue to grow by 2021. Rehab centers, also known as rehabilitation centers, are facilities that provide medical and therapeutic support to individuals with physical, mental, or emotional disabilities or who are recovering from substance abuse or addiction. The goal of rehab centers is to help individuals achieve and maintain optimal physical, mental, and emotional health and to support their successful integration into society. Services offered may include physical therapy, occupational therapy, counseling, medication management, and other types of medical and therapeutic support.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, especially in countries such as the US and Canada, has many large hospitals. Furthermore, the number of small and medium-sized hospitals is also increasing in Mexico. These developments in the hospital are largely contributing to the growth of the market in North America. The high prevalence of cardiovascular diseases and growing innovations in home-based healthcare facilities in the US and Canada are further expected to drive the demand for cardiac rehabilitation programs in the region. Additionally, the increase in awareness and rise in the number of voluntary enrollments are also likely to propel the cardiac rehabilitation market in the region during the forecast period.
In 2020, the outbreak of COVID-19 negatively impacted the growth of the market in focus in North America. Furthermore, in 2021, owing to the large-scale vaccination drives and the restoration of operations in healthcare units, larger inflows of patients resuming routine health check-ups and treatments of health conditions in healthcare facilities were observed in North America. Thus, the higher demand for treatments from healthcare facilities will lead to an increased demand for cardiac rehabilitation services in the region. In addition, increasing cardiovascular diseases, technologically advanced healthcare systems, and their integration with cutting-edge technology such as AI and machine learning are expected to fuel the growth of the regional market in focus during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Cardiac Rehabilitation Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.9% |
Market growth 2023-2027 |
USD 1,953.85 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.01 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, UK, Germany, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Apollo Hospitals Enterprise Ltd., British Heart Foundation, Cedars Sinai Health System, Cumberland Healthcare, EvergreenHealth, Fortis Healthcare Ltd., Inova, Intermountain Healthcare, Main Line Health, Major Health Partners, Manchester University NHS Foundation Trust, Mayo Foundation for Medical Education and Research, NATIONAL HEART FOUNDATION OF AUSTRALIA, National University Heart Centre, Novant Health, Salford Royal NHS Foundation Trust, Scarborough Health Network, The Cleveland Clinic Foundation, UNC Health Care, and Western Health |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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