Industry Background:
Cholesterol Testing is also called a Lipid profile. It is a blood test that helps in measuring the number of cholesterol levels in a body. As with the rising concern of diseases such as cardiovascular disease coupled with the risk of heart disease and other serious conditions is one of the prime reason that people prefer to do these tests. According to WHO, the rising cholesterol levels in the body is increases the risks of heart disease and stroke. Thus it is surveyed that globally, a third of ischaemic heart disease is attributable to high cholesterol. Therefore, the overall raised cholesterol is estimated to cause 2.6 million deaths which are (4.5% of total) and 29.7 million disability-adjusted for life years. Thus all the aforementioned reason becomes a strong motive for the people to deal with these cholesterol Tests. Hence favoring the market at a large pace.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), AccuTech, LLC (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens Healthineers (Germany), Sigma-Aldrich Corp. (United States), Akers Biosciences, Inc. (United States), Beckman Coulter, Inc. (United States), Bio-Rad Laboratories, Inc. (United States), Eurofins Scientific (Luxembourg), Boston Heart Diagnostics Corporation (United States), Home Access Health Corporation (United States), Laboratory Corporation of America Holdings (United States), PRIMA Lab SA (Switzerland) and PTS Diagnostics (United States) |
This growth is primarily driven by Increasing Incidence of Cardiovascular Diseases (CVDS) and Obesity, Physician's Preference for Lab Testing Over Self-Testing and Increasing Geriatric Population.
Globally, a noticeable market trend is evident Cloud Screening Platforms Extend New Level of Convenience
Major Players, such as Abbott Laboratories (United States), AccuTech, LLC (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens Healthineers (Germany), Sigma-Aldrich Corp. (United States), Akers Biosciences, Inc. (United States), Beckman Coulter, Inc. (United States), Bio-Rad Laboratories, Inc. (United States), Eurofins Scientific (Luxembourg), Boston Heart Diagnostics Corporation (United States), Home Access Health Corporation (United States), Laboratory Corporation of America Holdings (United States), PRIMA Lab SA (Switzerland) and PTS Diagnostics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The competitive landscape of the cholesterol testing market includes information by competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance are all included. The data points presented above are only linked to the companies' concentration on the cholesterol testing sector.
In 2020, Abbott received emergency use authorization (EUA) from the FDA for its molecular test for the identification of SARS-CoV-2, the virus that causes COVID-19.The Abbott RealTime SARS-CoV-2 EUA test can be performed using Abbott's molecular instrument, the m2000 RealTime system, by accredited laboratories in the United States. These lab devices, which test for a wide range of infectious diseases and are located in health systems across the United States, now have access to a SARS-CoV-2 assay to help healthcare practitioners deal with the increased demand for testing.
Influencing Trend:
Cloud Screening Platforms Extend New Level of Convenience and Digital Photographs of Patient's Hand to Screen Cholesterol
Market Growth Drivers:
Increasing Incidence of Cardiovascular Diseases (CVDS) and Obesity, Physician's Preference for Lab Testing Over Self-Testing and Increasing Geriatric Population
Challenges:
Evolving Regulatory Policies and Patient Data Security
Restraints:
Rapidly Growing Cholesterol Home/Self-Testing Market and The Emergence of Noninvasive Cholesterol Testing Methods
Opportunities:
Growing Awareness and Adoption of Preventive Healthcare and Government Initiatives to Improve Quality of Testing
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cholesterol Testing Market
- Analysis about New Entrants in Cholesterol Testing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cholesterol Testing Study Sheds Light on
The Cholesterol Testing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cholesterol Testing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cholesterol Testing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.