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Increase in Geriatric Population Leading to Massive Growth in Heart Rate Monitors (HRMs) Market

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Published on : Jan 20, 2020

ResearchMoz.us has announced the addition of a report, titled "Global Heart Rate Monitors (HRMs) Market Insights, Forecast to 2025”. The report on the Heart Rate Monitors (HRMs) market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application. The forecast period of the report is 2019 to 2025. Base year is 2018.

A number of factors at play are shaping the market landscape here. One of the major factors is the rise in geriatric population which will chart impressive numbers in another 30 years. As per statistics, by 2050, 2 billion people will fall in the age group of 60 and above, a steep rise from 900 million in 2015. Ratios for population aged 65 and above are quite impressive too. By 2050, one in every six people will fall in this age group and the situation will be more pronounced in some regions than others. For instance, in North America and Europe, the ratio will be one in every four.

Here, it is pertinent to point out that he world is rapidly shifting demographics and that the year 2018 has been quite historic that way. For the first time ever, the year presented, a number of geriatrics higher than the number of children aged five and below. 

Additionally, rise in cardiovascular diseases is paving way for growth for global heart rate monitors market. In the United States alone some 610000 people die of heart diseases annually. This translates to one in every four deaths. CVD, is in fact, a leading cause of deaths across the globe in both the genders. However, incidence is more in men than women. As a matter of fact, in 2009, more than 5% deaths were of men. Here, it is interesting to note that 4/5 deaths caused by CVD are a result of stroke or heart attack.

This is a direct and natural outcome of hectic lifestyle and poor diet. As work day increases in length, and work deliverable pile up every day, stress levels increase. And, more often than can be managed by human body, this leads to lifestyle choices that are detrimental to health. Such choices include smoking, drinking and poor diets. It is not surprising considering that not many people are up for preparing elaborate food, nutritive and made of fresh ingredients after a hard day’s work. This leads to eating out or choosing easy-to-eat or read-to-cook options. A critical point to keep in mind here is that obesity is a major culprit of rise in incidence of cardiovascular diseases.

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This, again, is an outcome of rising trend of nuclear families, even in areas where joint family set-up was the traditional norm. It is worth pointing out that in joint family set ups stress and diets could be both regulated but rapid urbanization in these areas is breaking that apart. It will not be wrong to say industrialization and westernization of these zones is also leading to rise in nuclear families and on top of that, to increase in dual income families – where both adults in a nuclear family earn the household’s bread and butter.

Thus, as per the new report released by RMoz, the global heart rate monitors market will chart a significant CAGR over the forecast period.