Global cholesterol testing market
is expected to grow at brisk rate during the forecast period owing reasons like
surge in risk of cardiovascular diseases & obesity, surge in aging
population and rising awareness and adoption of preventive healthcare. Additionally,
increase in healthcare expenditure by various governments around the world is
also driving the cholesterol testing market. Furthermore, rapid technological
advancements in cholesterol testing and growing focus on developing new
products are the key factors contributing to the constant growth of technological
advancements in cholesterol testing market globally.
A complete cholesterol test is
also called a lipid panel or lipid profile. The test can be used to measure the
amount of “good” and “bad” cholesterol and triglycerides, a type of fat, in a
person’s blood. Too much LDL cholesterol in blood may put the person at risk
for heart disease and other serious conditions. High LDL levels can cause the
build-up of plaque, a fatty substance that narrows the arteries and blocks
blood from flowing normally. Additionally, growing health concerns among the
population is creating huge demand for cholesterol testing. Moreover,
government is also trying to improve the quality of testing and thus, the cholesterol
testing market is anticipated to hold a huge growth potential for the market
players in the coming years.
The global cholesterol testing market
is segmented based indication, product, end product, test, age, end-user and region. Based on
end-user, the market is segment between hospitals & clinics, homecare and
others. In 2019, hospitals & clinics segment held the largest market share
owing to increasing number of patients performed in hospitals and rising number
of hospitals and clinics around the world with advanced laboratory
infrastructure.
Major players
operating in the global cholesterol testing market include Abaxis, Inc., Abbott
Laboratories, Akers Biosciences, Inc., Beckman Coulter, Inc., Bio-Reference
Laboratories, Boston Heart Diagnostics Corporation, Cell Biolabs, Inc, Clinical
Reference Laboratory, Inc., F. Hoffmann-La Roche Ltd, Prima Lab SA, PTS Diagnostics,
Quest Diagnostics, Randox Laboratories, Sekisui Diagnostics, LLC, Siemens
Healthineers, Sigma-Aldrich Corporation, Spectra Laboratories, SpectraCell
Laboratories, Inc, Thermo Fisher Scientific, Unilabs and others. The market
players are focusing on various strategic initiatives like regional expansion,
new product development and strategic collaborations and partnerships.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and forecast the market size of global
cholesterol testing market.
- To classify and forecast global cholesterol
testing market based on indication, product,
end product, test, age, end-user,
company and regional distribution.
- To identify drivers and challenges for global cholesterol
testing market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
cholesterol testing market.
- To conduct pricing analysis for global cholesterol
testing market.
- To identify and analyze the profile of leading
players operating in global cholesterol testing market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of companies across the globe. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the companies which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the presence of all major players across the globe.
TechSci Research calculated the market size of global cholesterol testing market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Cholesterol testing companies,
hospitals/clinics and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to cholesterol testing
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as companies, partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global cholesterol
testing market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market,
By Indication:
- Atherosclerosis
- Diabetes
- Obesity
- Others
- Market,
By Product:
- Test
Strips
- Test
Kits
- Without
meter
- With
meter
- Mail-in
- Market, By End-Product:
- Total cholesterol
- High-density lipoprotein (HDL) cholesterol
- Low-density lipoprotein (LDL) cholesterol
- Triglycerides
- Market, By Test:
- Lipid Panel Test/Complete Lipid Profile
- Apolipoprotein B Test
- Apolipoprotein A-1 Test
- Apoe Genotyping Test
- Apolipoprotein CII
- Others
- Market, By Age:
- Before Puberty
- Puberty
- Adulthood
- Market, By End-User:
- Hospitals & Clinics
- Homecare
- Others
- Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape:
Company Profiles: Detailed analysis of the
major companies present in global cholesterol testing market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
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