Globally, the prevalence of several cardiovascular illnesses has been increasing at a rapid pace. Many cutting-edge diagnosis and treatment methods have been developed to overcome this challenge. Cardiac rehabilitation is one such method that helps overcome several heart disease symptoms such as chest tightness and reduce the overall risk of further complications and heart-related mortality. Some of the most well-known cardiovascular rehabilitation programs primarily include diabetes management, blood pressure management, exercise training, and physical activities. Moreover, increasing usage of e-health and e-cardiology solutions is unlocking new possibilities in cardiac rehabilitation. As the burden of cardiovascular diseases continues to grow in the midst of the increasing geriatric population, the demand for cardiac rehabilitation devices is expected to increase rapidly. To this end, the global cardiac rehabilitation device market is poised to thrive in the foreseeable future.
Increasing Occurrence of Cardiovascular Issues to Boost Demand for Rehabilitation Devices
The prevalent lifestyle disorders in most developed and developing economies are playing a major role in facilitating the expansion of the global cardiac rehabilitation device market. The growing geriatric population is particularly vulnerable to developing cardiovascular diseases. Besides, the increasing occurrence of sedentary and unhealthy lifestyles across other age groups is also creating healthcare challenges. The increasing consumption of fast food and increasing unhealthy weight gain, poor stress management, and smoking are also creating a risk for cardiovascular health. To this end, the number of patients undergoing cardiovascular rehabilitation procedures is increasing by leaps and bounds, theory boosting the demand for cardiac rehabilitation devices.
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Introduction of Cutting-Edge Solutions to Enable Global Cardiac Rehabilitation Device Market
As medical technologies continue to improve for both the diagnosis and treatment of cardiovascular illnesses, several next-gen innovations are creating disruption. Several new cardiac rehabilitation products have entered the market including elliptical trainers, treadmills, stabilising balls, rowers, blood pressure monitors and others. The sales of blood pressure monitors have been a leading positive contributor and are benefitting people with hypertension. These new-age devices are being used to help patients with several cardiovascular conditions and treatments including myocardial infarction, coronary artery bypass grafting, coronary artery disease, and percutaneous coronary intervention among others. These new innovations are collectively stimulating the growth of the global cardiac rehabilitation device market.
Increasing Regulatory Approvals to Sustain Paced Growth in North America
North America is emerging as the leading cardiac rehabilitation device market in revenue terms. These developments are occurring on account of growing approvals for next-gen rehabilitation devices and methods. Besides, the region is brimming with major pharmaceutical and healthcare industry stakeholders who are actively investing in the technology. Moreover, the increasing occurrence of several cardiovascular diseases and growing healthcare awareness among the general public is prolonging the growth outcomes. Meanwhile, Asia Pacific and the Middle East & Africa are the fastest-growing regional markets owing to notable medical tech innovations.
Major Market Players
Some of the most competent players currently operating in the global cardiac rehabilitation device market include Brunswick Corporation, Schiller (US), OMRON Corporation (Japan), Core Health & Fitness LLC, Honey well International Inc., Amer Sports, BioTelemetry Inc. (Malvern PA), The ScottCare Corporation (US), Ergoline GmbH (UK), and LSI (US).
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