Global Cardiac Rehabilitation Market 2018-2022
About Cardiac Rehabilitation
Cardiac rehabilitation is performed post-surgery, where patients undergo specially designed programs under qualified medical practitioner's guidance to recover their cardiac health and to prevent disease recurrence. The main components of cardiac rehabilitation include exercise training, lifestyle change, and psychological wellness.
Technavio’s analysts forecast the global cardiac rehabilitation market to grow at a CAGR of 6.50% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global cardiac rehabilitation market for 2018-2022. To calculate the market size, the report considers the revenue generated from the cardiac rehabilitation.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cardiac Rehabilitation Market 2018-2022
Technavio recognizes the following companies as the key players in the global cardiac rehabilitation market: Apollo hospitals, Cedars-Sinai, Cleveland Clinic, Central Manchester University NHS Foundation Trust (CMFT), and Mayo Foundation for Medical Education and Research (MFMER).
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market increasing adoption of telerehabilitation. Telerehabilitation refers to 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.”
According to the report, one of the major drivers for this market is High prevalence of cardiovascular diseases. Cardiovascular diseases are the leading cause of deaths globally. The prevalence of these diseases is high due to the unhealthy and sedentary lifestyle. Geriatric population is more prone to cardiovascular diseases as their heart functionality becomes weak. In 2015, over 6% of the global population was diagnosed with cardiovascular diseases, therefore, it remained the leading cause of death in the world.
Further, the report states that one of the major factors hindering the growth of this market is Cost barriers in cardiac rehabilitation. Cardiac rehabilitation needs constant monitoring and diagnosis patients' health. This prolonged care requires many sessions with physician and continuous visits to the rehabilitation facility, which leads to increase in overall cost of the service. Therefore, the adoption of cardiac rehabilitation is high in developed countries where the disposable income is high and favorable healthcare insurances and reimbursement policies are available. However, even in countries with wide availability of cardiac rehabilitation programs such as the US, the cost barriers prevent patients from availing them.
Apollo hospitals, Cedars-Sinai, Cleveland Clinic, Central Manchester University NHS Foundation Trust (CMFT), and Mayo Foundation for Medical Education and Research (MFMER).