Cholesterol Monitors Market Insights, Outlook, Development and Trends 2022-2032
In 2022, it is anticipated that the Cholesterol Monitors Market is valued US$ 2,514.6 million. The cholesterol monitors market is expected to expand at a 7.4% CAGR from 2022 to 2032 and is likely generate US$ 4,502.4 million.
Rising rates of obesity and an aging population in
developed nations like the U.S., Germany, and France have increased the cases
of patients with high levels of bad cholesterol, necessitating a daily rise in
the need for cholesterol monitoring kits worldwide.
The global market for cholesterol monitors is likely to
expand due to the rising popularity of non-invasive technologies for
cholesterol monitoring.
What are the Factors Propelling the Global
Cholesterol Monitors Market?
The increasing prevalence of cardiovascular disorders,
coupled with a growing emphasis on early diagnosis and miniaturization of
cholesterol monitors, is expected to drive the growth of the global cholesterol
monitor market. The preference for self-monitoring to enhance quality of life
and lead a healthy lifestyle is another factor driving the expansion of the
global market for cholesterol monitors.
Additionally, the market is likely to expand due to the
increased focus on reducing the burden of cardiovascular diseases (CVDs) around
the world, as well as initiatives for preventive healthcare practices like
screening and health check-up programs.
The development of the global cholesterol monitor market is
also aided by governmental changes that provide state-of-the-art healthcare
facilities and awareness campaigns that are likely to raise the standard of
testing.
Why is North America Emerging as an
Opportunistic Cholesterol Monitors Market?
North America dominates the global cholesterol monitors
market, accounting for nearly 35% in 2022. This market growth is primarily due
to the rise in the incidence of CVDs, coupled with the rapidly aging
population, high preference for self-monitoring devices, and increased
awareness related to prevention and early diagnosis of the diseases in the
region.
According to the Centers for Disease Control and
Prevention, nearly 1 in 2 Americans have high cholesterol i.e., nearly 38% of
American adults have high cholesterol (total blood cholesterol ≥ 200 mg/dL).1
Too much cholesterol puts you at risk for heart disease and stroke, two leading
causes of death in the United States.
Owing to the increased risk of high cholesterol and its
asymptomatic nature, the need for cholesterol monitors is burgeoning
incessantly in the region. Additionally, the prevalence of heart diseases and
obesity in the region is a major concern.
The United Health Foundation’s annual report revealed that
the obesity rate increased from 31.5% in 2021 to 30.4% in 2020 in the United
States. This, in turn, the mounting preference for preventive healthcare is
also anticipated to drive regional growth. Rising awareness and initiatives
from the government and several healthcare organizations are expected to propel
market growth.
Key Players
- Roche
Diagnostics
- PTS
Diagnostics
- Omron
Healthcare, Inc.
- ACON
Laboratories, Inc.
- AccuTech
- LLC
- Alere
Inc.
- Siemens
- Medline
Industries, Inc.
- Abaxis,
Inc.
- ManthaMed
- Fisher
Scientific
Segments Covered
- Product
Type
- End
User
Key Segments Covered in the Cholesterol
Monitors Industry Survey
By Product Type:
- Single-sided
COD Chip-On-Flex
- Other
Chip-On-Flex Types
By End Users:
- Military
- Medical
- Aerospace
- Electronics
- Other
Verticals
By Region:
- North
America
- Latin
America
- Europe
- Asia
Pacific
- Japan
- Middle
East and Africa
Read More @ https://www.futuremarketinsights.com/reports/cholesterol-monitors-market
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