The global cholesterol monitor market is anticipated to experience significant growth, with industry projections indicating a value of US$5,379.2 million by 2033. This substantial increase reflects a strong Compound Annual Growth Rate (CAGR) of 7.3% over its estimated value of US$2,660.3 million in 2023.
Cholesterol monitoring plays a crucial role in preventive healthcare, enabling individuals to track their cholesterol levels and manage their cardiovascular health effectively. As the prevalence of cardiovascular diseases continues to rise worldwide, driven by factors such as sedentary lifestyles, unhealthy dietary habits, and aging populations, the demand for cholesterol monitoring devices and solutions is expected to increase.
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Population Aging: An Important Market Factor
The aging population is a major factor driving the market for cholesterol monitors. The Department of Economic and Social Affairs projects that by 2050, there will be a 21.1% increase in the number of people over 60 worldwide. According to research from the United Health Foundation, 12.5% of persons 60 years of age and older had raised cholesterol, highlighting the vulnerability of this cohort to high cholesterol.
Early Identification for Better Results
Regular cholesterol testing is essential for early detection and risk management because high cholesterol frequently exhibits no symptoms at all. Several blood lipid levels are measured by these tests, including:
- Triglycerides
- HDL stands for high-density lipoprotein, or “good” cholesterol.
- LDL cholesterol is referred to as “bad” cholesterol.
- Total Cholesterol
Monitoring cholesterol levels helps individuals reduce their risk of developing:
- Peripheral artery disease (PAD)
- Heart attack
- Stroke
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Competitive Landscape:
Key cholesterol monitors manufacturers have entered into merger agreements to expand their portfolios and provide effective services that can assist in managing infectious diseases and uncontrollable cholesterol levels.
Prominent Cholesterol Monitors Manufacturers
- Roche Diagnostics
- PTS Diagnostics
- Omron Healthcare, Inc.
- ACON Laboratories, Inc.
- AccuTech
- LLC
- Alere Inc.
- Siemens
- Medline Industries, Inc.
- Abaxis, Inc.
- ManthaMed
- Fisher Scientific
Key Segments:
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
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