Cholesterol Management Devices Market 2019 Industry Share, Revenue and Cost Analysis with Key Company’s Profiles – Forecast to 2023
Cholesterol is a type of lipid molecule, which is biosynthesized by all animal cells as it is an essential structural component of the cells The Global Cholesterol Management Devices Market projected to grow at a CAGR of 8.5% during the forecasted period 2017-2023. Cholesterol Management Devices are the monitoring devices for the determination of the cholesterol levels in the body. Cholesterol is one of the vital constituents of the cells. However, increase in the cholesterol level may lead to atherosclerosis, cardiovascular diseases, heart attack, and other diseases.
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The Global Cholesterol Management Devices Market is driven by rapid development in the cholesterol monitoring devices, and increasing people suffering from obesity. Moreover, affordability of the devices, poor diet and less physical activity, desk-bound nature of work, changing modes of transportation, and increasing urbanization have also contributed to the growth of the market. However, lack of awareness among the people may obstruct the growth of the market.
Global Cholesterol Management Devices Market – Key Players
Some of the key player in the market are
- Boston Scientific Corporation (US)
- Medtronic (US)
- 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)
Global Cholesterol Management Devices Market – Segmentation
The Global Cholesterol Management Devices Market is segmented based on types, applications, and end users. Based on types, the market is classified into monitors, wrist monitors, small portable instruments, meters, wireless systems, and others. Based on applications, the market is categorized into hypercholesterolemia, hypocholesterolemia, cholesterol testing, and others. Based on end users, the market is segmented into home healthcare, hospitals, clinics, and others.
Global Cholesterol Management Devices Market – Regional Analysis
Geographically, the Global Cholesterol Management Devices Market is categorized into America, Europe, Asia Pacific and the Middle East & Africa. America accounts for the largest share of the global market followed by Europe. The presence of a huge population suffering from obesity and hypercholesterolemia has driven the growth of the market in America. While, the government support for research and development, well-developed technology, and higher healthcare expenditure have uplifted the growth of the market in Europe and expected to continue over the forecast period. Asia Pacific experiencing the fastest growth in the market owing to the presence of rapidly growing economies, and a large population base. The Middle East & Africa has the least share in the global market due to the presence of poor infrastructure and less developments in the healthcare sector especially, in the African region.
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