Cholesterol
is a type of lipid molecule, which is biosynthesized by all animal cells as it
is an essential structural component of the cells. Cholesterol management
devices are used to determine a lipoprotein profile and to measure total
cholesterol content, high-density lipoprotein (HOL), low-density lipoprotein
(LDL), triglycerides, and other fatty substances found in the human body. The
global cholesterol management devices market is driven by increasing obese and
overweight population base. According to the World Health Organization (2014),
worldwide, more than 1.9 billion adults over 18 years were overweight of which
over 600 million were obese. Less physical activity due to the desk-bound
nature of many forms of work, changing modes of transportation, government
support for the research and development, and increasing urbanization have
fueled the growth of the market. However, lack of awareness among the people
may slow the growth of the market.
The
Global Cholesterol Management Devices Market Is
Expected To Grow At A CAGR Of 8.5% During The Forecast Period (2017-2023).
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Segmentation
The
global cholesterol management devices market is segmented on the basis of types,
application and end users. On the basis of types, the market is classified into
monitors, wrist monitors, small portable instruments, meters, wireless systems,
and others. On the basis of applications, the market is categorized into
hypercholesterolemia, hypocholesterolemia, cholesterol testing, and others. On
the basis of end users, the market is segmented into home based healthcare,
hospitals, clinics, and others.
Regional
Analysis
America
continues to dominate the global cholesterol management devices market owing to
the presence of a huge number of people suffering from obesity and overweight.
According to the Centers for Disease Control and Prevention (2014), 73.5
million adults in the US had diagnosed with high cholesterol level.
Additionally, increasing awareness among the people regarding different
monitoring procedures and well-developed technology have also contributed to
the growth of the market. Europe is the second largest cholesterol management
devices market, which is followed by Asia Pacific. Asia Pacific is the fastest
growing region for the market due to the presence of a huge patient population
and continuously developing economies. On the other hand, the Middle East &
Africa has the least share in the global cholesterol management devices market.
Key
Players for Global Cholesterol Management Devices Market
Some of
the key player in the market are Boston Scientific Corporation (US), Medtronic
(US), St. Jude Medical, LLC. (Canada), Koninklijke Philips N.V. (US), Roche
Diagnostics (US), Abbott (US), Alere (US), Sorin Group (Italy), BIOTRONIK SE
& Co. KG (Germany), Bio-AMD (UK) and others.
The
report for the global cholesterol management devices market of Market Research
Future comprises of extensive primary research along with the detailed analysis
of qualitative as well as quantitative aspects by various industry experts, key
opinion leaders to gain the deeper insight of the market and industry
performance. The report gives a clear picture of the current market scenario
which includes historical and projected market size in terms of value and
volume, technological advancement, macro economical and governing factors in
the market. The report provides details information and strategies of the top
key players in the industry. The report also gives a broad study of the
different markets segments and regions.
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