PUBLISHER: The Insight Partners | PRODUCT CODE: 1874002
PUBLISHER: The Insight Partners | PRODUCT CODE: 1874002
The cardiac rehabilitation market is anticipated to grow from US$ 2.45 billion in 2024 to US$ 3.4 billion by 2031, reflecting a compound annual growth rate (CAGR) of 6.7% during the period from 2031 to 2031. Key trends driving this market include advancements in technology related to cardiac rehabilitation devices.
Analysis of the Cardiac Rehabilitation Market
New product introductions by companies are expected to boost the demand for cardiac rehabilitation services over the next decade. For instance, OmniVR's "Virtual Rehabilitation System" features interactive, customizable activities for both seated and standing positions. This system addresses cognitive impairments in patients by incorporating tasks that engage memory and executive functions. The virtual approach to cardiac rehabilitation enhances patient engagement and enjoyment, leading to improved functional outcomes.
Overview of the Cardiac Rehabilitation Market
Cardiac rehabilitation programs are effective in lowering hospital readmission rates. An example is "HeartBeat," a comprehensive outpatient cardiac rehabilitation service that operates within the community. Sessions are conducted by qualified health professionals, counselors, and general practitioners who provide feedback to program organizers, select appropriate patients, encourage attendance, assist with medication management, and monitor and treat cardiovascular disease (CVD) risk factors. Such outpatient programs are crucial in managing the increasing rates of cardiovascular diseases in the coming years.
Strategic Insights
Drivers and Opportunities in the Cardiac Rehabilitation Market
Increasing Cardiovascular Diseases Favoring Market Growth
As reported by the American Heart Association, cardiovascular disease (CVD) was the leading cause of death in the US, resulting in 928,741 fatalities in 2020. Consequently, the rise in cardiovascular diseases underscores the importance of cardiac rehabilitation for individuals recovering from heart attacks, heart failure, and other cardiac issues requiring surgical or medical intervention. This growing prevalence of cardiovascular diseases is a significant driver of demand for cardiac rehabilitation services, thereby enhancing the global market share.
Opportunities in Virtual Cardiac Rehabilitation
Home-based or virtual cardiac rehabilitation (CR) programs can effectively eliminate barriers to accessing traditional center-based CR, providing safe and beneficial services. These virtual programs typically offer exercise options, weekly newsletters, live discussions on heart health, virtual consultations, and specialized workshops, including meditation sessions. For example, Kaiser Permanente launched a virtual cardiac rehabilitation program in June 2024, enrolling over 2,300 patients, making it one of the largest programs in the US. This initiative resulted in cardiac-related hospital readmissions for participants being less than 2% in the same year. Thus, virtual cardiac rehabilitation presents a significant opportunity for market growth from 2021 to 2031.
Segmentation Analysis of the Cardiac Rehabilitation Market
The cardiac rehabilitation market analysis is segmented based on type, cause, disorder type, category, and end user.
Geographical Analysis of the Cardiac Rehabilitation Market
The geographic analysis of the Cardiac Rehabilitation market is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America leads the market, with the US holding the largest share due to the presence of top cardiac rehabilitation service providers and government support for virtual rehabilitation programs. The Asia Pacific region is expected to experience the highest growth rate in the coming years.
Scope of the Cardiac Rehabilitation Market Report
Recent Developments in the Cardiac Rehabilitation Market
The Cardiac Rehabilitation market is assessed through qualitative and quantitative data collected from primary and secondary research, including significant corporate publications, association data, and databases. Notable developments in the market include:
Coverage and Deliverables of the Cardiac Rehabilitation Market Report
The report titled "Cardiac Rehabilitation Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas: