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The Cholesterol Test Market has witnessed significant growth in recent years, driven by increasing awareness about cardiovascular health and the rising prevalence of lifestyle-related diseases. Cholesterol testing plays a crucial role in assessing an individual’s risk for heart diseases, making it a vital component of preventive healthcare.
The cholesterol test market is expected to reach USD 11.6 billion by 2032 at 8.20% CAGR during the forecast period 2023-2032
Cholesterol testing products and services have become indispensable tools in managing and monitoring cholesterol levels. The market is characterized by a diverse range of cholesterol testing products, including cholesterol test strips, cholesterol test kits, and cholesterol meters. These products offer convenient and efficient ways for individuals to monitor their cholesterol levels at home, enabling proactive management of cardiovascular health.
Cholesterol testing services have also experienced a surge in demand, with healthcare providers offering comprehensive cholesterol testing as part of routine check-ups. These services often include lipid profile assessments, which measure levels of various cholesterol components such as LDL (low-density lipoprotein), HDL (high-density lipoprotein), and total cholesterol. This detailed analysis provides a more holistic understanding of an individual’s cardiovascular risk.
The increasing prevalence of sedentary lifestyles, unhealthy dietary habits, and obesity has fueled the demand for cholesterol testing products and services. As a result, the market has witnessed a steady influx of innovative technologies and solutions aimed at enhancing the accuracy and accessibility of cholesterol testing.
Major Key Players:
Some of the Cholesterol Test Companies are Quest Diagnostics Incorporated, Cell Biolabs, Inc., Clinical Reference Laboratory, Inc., Laboratory Corporation of America Holdings, Randox Laboratories Ltd., Thermo Fisher Scientific, PTS DIAGNOSTICS, Alere Inc., F. Hoffmann-La Roche AG, and Eurofins Scientific.
Segment Analysis
The Global Cholesterol Test Market has been segmented based on Product Type, Test Type, Distribution Channel, and End User.
The point of care cholesterol testing market, based on product type, has been divided into cholesterol levels test kits and test strips. The test kits segment is likely to be the largest segment during the review period due to the growing awareness and adoption of preventive healthcare.
The market, based on test type, has been divided into total cholesterol test, high-density lipoprotein (HDL) cholesterol, low-density lipoprotein (LDL) cholesterol, and triglycerides/VLDL cholesterol test. The total cholesterol test segment is likely to be the largest segment during the review period due to the growing importance of the test. A complete cholesterol test includes the calculation of four types of fats (lipids) in blood.
The market, based on distribution channel, has been divided into over the counter and prescription-based. The prescription-based segment is likely to be the largest segment during the review period.
The global cholesterol test market has been segmented, based on end user, into hospitals & clinics, homecare, diagnostic centers, and others. The hospitals & clinics segment is expected to hold the majority share of the market owing to the rising in visits of patients in the hospitals and clinics.
Recent Development
Nov 2023 Subcutaneous, or under the skin, Tecentriq® (atezolizumab) has been recommended for clearance by the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP), according to a statement from Roche. In contrast to intravenous (IV) infusions, which can take 30 to 60 minutes, Tecentriq SC injections can be completed in around seven minutes, with most injections taking four to eight minutes. This can free significant time for patients, medical professionals, and caregivers. For all indications for which Tecentriq IV has previously been approved, including specific forms of liver, breast, lung, and bladder cancer, the CHMP advised using Tecentriq SC. The European Commission is anticipated to make a final judgment regarding its approval shortly.
Nov 2023 To promote colorectal cancer screening in the US, in which over 110 million people may be eligible, Quest Diagnostics Incorporated DGX and Universal DX entered a strategic partnership. Colorectal cancer ranks third in terms of cancer diagnoses in the US and is the third leading cause of cancer-related deaths in both men and women. The most recent action will strengthen Quest Diagnostics’ Diagnostic Solutions division by broadening its offering of cancer services.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to be the largest market owing to the rising per capita healthcare expenditure. The cholesterol test market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. As per recent studies, most (55.4%) of the Canadian adult population categorized as overweight (34.2%) or obese (21.2%). Furthermore, the prevalence of obese classes I, II, and III will increase to 14.8%, 4.4% and 2.0%, respectively.
The European cholesterol test market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. According to WHO, the obesity rate in Germany is 23.7% which means that Germany has one of the highest obesity rates in Europe, but is still behind the UK, which has a rate of 26.2 %.
The cholesterol test market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing prevalence of cardiovascular diseases and obesity, the market in Asia-Pacific is expected to be the fastest-growing. According to WHO, Obesity in China is a major health concern with overall rates of obesity between 5% and 6% for the country, but greater than 20% in some cities where fast food is popular. The cholesterol test market in the Middle East & Africa has been divided into the Middle East and Africa.
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