The analysts forecast global cardiac rehabilitation market to grow at a CAGR of 6.50% during the period 2018-2022. The latest trend gaining momentum in the market increasing adoption of telerehabilitation.
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Telerehabilitation refers to delivery of rehabilitation services over telecommunication networks and the internet.
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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.
Major 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).
According to the cardiac rehabilitation market 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 cardiac rehabilitation market 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.
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Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Rehabilitation Market Segments
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition: Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Cardiac Rehabilitation Market 2017-2022 ($ Millions)
Exhibit 9: Global Cardiac Rehabilitation Market: Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
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