Point-of-care Cholesterol Monitoring Device Market 2021: Global Trends, Growth Analysis, Opportunities and Forecast Report to 2028

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Point-of-care Cholesterol Monitoring Device
Market 2021-2028 Study Future Prospects
Including Key Players FMI

• April 2021

Report Id REP-GB-7773Published On
2018-11-26Category Healthcare, Pharmaceuticals
Medical Devices
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Point-of-care Cholesterol Monitoring Device
Market Analysis
A new Future Market Insights' study on the global
sales scenario for point of care cholesterol
monitoring devices projects just-under 3 year
over year revenue growth for the market estimated
to cross US 400 million in 2019.Increasing CVD
prevalence and a growing number of
high-cholesterol cases are sustaining the demand
for point of care cholesterol monitoring
device worldwide. Although a growing patient
population is maintaining a decent consumption
rate of point of care cholesterol monitoring
devices, high per test cost and tightening
regulatory norms regarding medical devices launch
continue to limit adoption.FMI Analyses Key
Pull Factors Translating into the Sluggish
Revenue Growth of Point of Care Cholesterol
Monitoring Device MarketRecently in 2017, FDA
approved the SD LipidoCare System launched by SD
Biosensor Inc. However, a majority of medical
device manufacturers continue to face the
challenges to new product launch as a set of
certain evolved amendments recently designed by
regulatory policies target the lack of
standardization across their device portfolios.
Local medical device manufacturers exclusively
encounter the impediments posed by
regulatory-linked issues.
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Point-of-care Cholesterol Monitoring Device
Market Analysis
More importantly, the inaccuracy of results
delivered by point of care cholesterol monitoring
devices still persists that makes the entire
procedure less reliable and riskier. This
continues to linger as a major concern
restraining revenue growth of point of care
cholesterol monitoring device market.Global
Point of Care Cholesterol Monitoring Device
Market Taxonomy By Product Type, Technology
Type, Application Type, End User, and
RegionAccording to the product type analysis of
point of care cholesterol monitoring device
market presented in the report, testing kits are
currently more popular but instruments,
especially computerized, are gradually gaining
ground among end users and thus end use
segments.The technology type analysis of point
of care cholesterol monitoring device market
reveals that both the key technologies, i.e.
electrochemical biosensor and reflectance
photometry currently hold an almost equal share
of the market revenue. The overall growth is
however sluggish.Get the Sample of Report Here
_at_ https//www.futuremarketinsights.com/reports/sam
ple/rep-gb-7773 
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Point-of-care Cholesterol Monitoring Device
Market Analysis
Based on the application type analysis, the point
of care cholesterol monitoring device market is
likely to witness maximum demand for
atherosclerosis patients, whereas sales of point
of care cholesterol monitoring devices in the
hypercholesterolemia segment is also
considerable.End user analysis offered in the
point of care cholesterol monitoring device
market report uncovers considerable product
consumption by diagnostic centers, diagnostic
laboratories, hospitals, and ambulatory surgical
centers. Lucrative adoption prospects for point
of care cholesterol monitoring devices have been
indicated in home care settings.While more than
1/3rd of the global market revenue belongs to
North America, Western Europe and APECJ remain
the next two key markets for point of care
cholesterol monitoring devices. The report
forecasts attractive product innovation and
penetration opportunities arising in MEA and
Latin America for manufacturers. A Growing
Self-testing Trend Boosts Point of Care
Cholesterol Monitoring Device Demand in Home Care
Settings
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Point-of-care Cholesterol Monitoring Device
Market Analysis
The point of care cholesterol monitoring device
market is currently witnessing a rapid consumer
shift to self-testing at home. While home testing
of cholesterol level is highly convenient, it
also offers the result in a matter of a few
minutes. Patients are increasingly aware about
the significance of early risk detection that
further helps prevention of complications related
to the level of cholesterol and thereby heart
conditions.The demand for point of care
cholesterol monitoring devices in home care
settings is thus witnessing a gradual surge in
recent years, and the FMI study points to a
higher yearly growth in the revenue of devices
designed for home testing.
Key Manufacturing Trends Spotted in Point of Care
Cholesterol Monitoring Device MarketAdvanced
technology integrationDevices with a
portability featureConvenient applicability for
home testing
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Point-of-care Cholesterol Monitoring Device
Market Analysis
Besides these prominent trends, leading industry
manufacturers are investing in strategic
acquisitions for a broader approach to the
businesses opportunities in global landscape.
Moreover, companies are concentrating on product
innovation and value chain expansion with an
intent to achieve enhanced market
positions.Abbott's acquisition of Alere Inc.
has been helping the former securing a leading
position in the point of care testing space, as
the company through this deal expanded its global
diagnostics portfolio.The recent MA deal
between Abaxis Inc. and Zoetis intends to broaden
the manufacturing and marketing scope of point of
care veterinary diagnostic instruments.ACON
Laboratories, Inc. targets the international
customer base with the recently released Mission
Lipid Data Management Software. Get Report
Customization Now _at_ https//www.futuremarketinsigh
ts.com/customization-available/rep-gb-7773 
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Point-of-care Cholesterol Monitoring Device
Market Analysis

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