Point-of-care Cholesterol Monitoring Device Market Share, Forecast, 2018-2028

Shared by Ram Singh | 0 0 0 | about 5 months ago

Growing Awareness Regarding the Benefits of Point-of-Care Cholesterol Monitoring Device
The number of deaths due to cardiovascular diseases, and mortality due to risk factors such as excessive alcohol consumption, smoking, hypercholesterolemia, hyperlipidemia and obesity are increasing globally. Inappropriate eating habits add on to high cholesterol levels leading to fetal health problems related with it. Cholesterol is a waxy chemical compound that is vital for normal body function. But high concentration of cholesterol in the body can increase the risk of heart attacks and many other health issues. The new trend of point-of-care cholesterol monitoring is due to the rising awareness among general population regarding the benefits of the device. Over the past few years, it is observed that governments across the globe are taking initiatives to increase awareness related to health problems. These factors are surging the demand for point-of-care cholesterol monitoring device for checking high cholesterol levels, which is expected to drive the growth of the global point-of-care cholesterol monitoring device market.

Growing Geriatric Population

Higher lipoprotein level is a major cardiovascular risk factor that increases the occurrence of wide range of diseases in adults. Unhealthy lifestyle is the major factor in the developed and developing countries resulting in high level of cholesterol, which further increases the incidence of cardiovascular diseases. The geriatric population is at major risk of high cholesterol level, which can lead to problems such as arteriosclerosis, cardiac arrest, etc. Thus, the growing geriatric population is expected to increase the demand for point-of-care cholesterol monitoring device over the forecast period.

Shift towards Self-testing

The cholesterol home test devices and kits are convenient and effective for testing the cholesterol level. The point-of-care cholesterol monitoring device help to check the cholesterol level conveniently at home. The point-of-care cholesterol monitoring device displays the result in few minutes. The use of point-of-care cholesterol monitoring device is a cost-effective way, it helps in early detection and reduces the chance of developing further complications. Therefore, the demand for home test point-of-care cholesterol monitoring device and kits is growing nowadays.

Evolving Amendments & Stringent Regulatory Scenarios

The stringent government regulations for approval of any new device in the market is one of the major challenges faced by almost all the countries. Certain amendments have been designed by regulatory policies in the recent years to address the lack of standardization in device portfolio. The stringent protocol for device approvals such as licensing, assessing the safety, and inspection are considered to be a time consuming process for the manufacturers. Regulatory issues are impediments to local device manufacturers. The stringent regulatory policies associated with point-of-care cholesterol monitoring device are expected to hamper the growth of the global point-of-care cholesterol monitoring device market.

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