Friday, 26 April 2024
The growth of the market is driven by the factors such as, rising prevalence of cardiovascular diseases and increasing elderly population. However, the market is likely to slower down its growth due to the high cost of products and procedures in the region.
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The growing elderly population is the major cause of the heart diseases in the region. The heart disease are mostly pone to the elderly people due to weak immunity and major other health problems. The general aging factors leads to stiffen the heart and blood vessels that leads to the heart disorders. As the age grows the systolic blood pressure also rises and it leads to an incidences of the cardiovascular diseases. Thus, the people with the age of 75 years and above high blood pressure is the common risk factor for the heart condition. Coronary artery disease and heart failure are the next caused conditions. In 2017, Europe has the largest percentage of geriatric population with a share of 25%25%. The fast and rapid ageing is occurring in other parts of the world as well, so that by 2050 all regions of the world except Africa will have nearly a quarter or more of their populations at ages 60 and above. The number of older persons in the world is anticipated to be US$ 1.4 billion in 2030 and US$ 2.1 billion in 2050, and will rise above US$ 3.1 billion in 2100. The rising geriatric population in the region leads to rise in cardiovascular disease which is likely to grow mobile cardiac telemetry systems market in the forecast period.
Germany is expected to lead the market in the Europe region owing to the increasing prevalence of the cardiovascular diseases. Moreover, rising percentage of the incidences increases with the growing age in the country, which helps to upsurge the market growth. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the Europe region during the forecast period.
EUROPE MOBILE CARDIAC TELEMETRY SYSTEMS – MARKET SEGMENTATION
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