About Cholesterol Screening
Cholesterol is a waxy, fat-like substance that is found in all cells in our body. If there is too much cholesterol present in the blood, it can further combine with other substances in the blood thus forming plaque that adheres to the walls of the arteries. A full cholesterol test is also known as a lipid panel or lipid profile. A full cholesterol test measures four types of lipids, or fats, in the blood, total cholesterol is therefore the total amount of cholesterol present in the blood. Low-density lipoprotein (LDL) cholesterol is generally known to be as bad cholesterol. A high amount of bad cholesterol increases your risk of heart attack, stroke, and atherosclerosis. Cholesterol screening services enable the early detection of problems related to high cholesterol, avoid complications, and increase patient survival. According to the population department of the Ministry of Economic and Social Affairs, the world population aged 60 and over was around 11.7% in 2013 and is expected to increase further to 21.1% by 2050. According to data that was released by the United Health Foundation in 2017, around 12.5% of people who were aged 60 and over had high levels of total cholesterol. Such a high prevalence is hence expected to drive market growth in the near future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Cholesterol Screening market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ACM Medical Laboratory (United States), Clinical Reference Laboratory (CRL) (United States), Unilabs (Switzerland), Laboratory Corporation of America (LabCorp) (United States), Eurofins Scientific (Luxembourg), Quest Diagnostics Incorporated (United States), SYNLAB International GmbH (Germany), Bio-Reference Laboratories Inc. (United States) and Fresenius Medical Care Holdings, Inc. (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Spectra Laboratories Inc. (United States) and Adicon Clinical Laboratory (China).
Segmentation Overview
AMA Research has segmented the market of Global Cholesterol Screening market by Type (Product [Test Kits, Testing Strips, Devices] and Services), Application (Clinics, Hospitals, Ambulatory Centers, Homecare and Diagnostic Centers) and Region.
On the basis of geography, the market of Cholesterol Screening has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Cholesterol Tests, the sub-segment i.e. Total Cholesterol Test will boost the Cholesterol Screening market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Test Type, the sub-segment i.e. Non-Invasive will boost the Cholesterol Screening market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Number of Testing Facilities in the Developing Regions and Rise In Public Awareness about the Cardiovascular Disease, Its Causes, Treatment, and Prevention
Market Growth Drivers:
Increase in Incidence of Cardiovascular Diseases and Obesity, A Rapid Growth in Sedentary Lifestyle, Increasing Awareness Regarding Routine Screening of Cholesterol Level and Rise in Geriatric Population Offering a Large Patient Pool
Challenges:
The Advent of Noninvasive Cholesterol Testing Approaches
Restraints:
Swift Growth in Self-Testing Devices
Opportunities:
Government Initiatives for Better Healthcare Services, Increase in Healthcare Expenditure and Government Initiatives to Improve Quality of Testing
Market Leaders and their expansionary development strategies
In September 2023, The ACC, through a strategic collaboration with Amgen and Esperion, is launching a new quality improvement campaign, "Driving Urgency in LDL Screening," to increase the rate of diagnostic LDL screening in patients without a prior cardiac event as well as those with known cardiovascular disease to help clinicians identify those who need treatment in accordance with medical guidelines.
In November 2023, Amgen announced new data reinforcing the safety and efficacy of Repatha® (evolocumab) from the FOURIER Open Label Extension (OLE) [FOURIER-OLE] trial at the American Heart Association (AHA) Scientific Sessions 2023 in Philadelphia. These presentations will focus on the reduction of a known cardiovascular disease (CVD) risk factor, LDL "bad" cholesterol (LDL-C).
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Cholesterol Screening, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.