Global Cholesterol Testing Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Cholesterol Testing Services Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global cholesterol testing services market report has been segmented on the basis of age group, service provider, and region.
Global Cholesterol Testing Services Market: Overview
Cholesterol is a white, waxy, and organic molecule found in all cells of body and produce bile acids – help in digestion and absorption of dietary fats. It is made in liver and released into bloodstream. Increasing cholesterol levels in blood result in formation of plaque (atherosclerosis). There are not specific symptoms for high cholesterol, it can be only detected by blood test. Blood cholesterol testing reduce risks of heart attack, stroke, and peripheral artery diseases.
Global Cholesterol Testing Services Market: Dynamics
Rising incidence of high cholesterol level among population is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing awareness regarding regular health checkup among people in developed and developing countries, easing adoption of preventive healthcare facilities are some other factors expected to further fuel growth of the target market over the forecast period.
Furthermore, availability of innovative lab test services for patients without any interference of physician and access reports and readings online by using smartphones are some other factors expected to boost growth of the target market over the forecast period. Moreover, increasing consumption of alcohol and smoking could lead to risk of high cholesterol levels among consumers, which is expected to rising demand for its diagnosis and support growth of the target market over the forecast period.
However, rising adoption of home or self-testing and introduction of noninvasive cholesterol testing methods are major factors expected to restrain growth of the global market over the forecast period. In addition, limited availability of diagnostic laboratories and lack of skilled professionals across rural area of developing countries such as India, China, Brazil, etc., are some other factors expected to hamper growth of the target market over the forecast period.
Ongoing trend observed in the market is increasing manufacturers’ preference towards developing innovative product launches coupled with new collaboration and acquisition activities is expected to support growth of the target market over the forecast period.
Increasing research and development activities for technological development in cholesterol testing systems is expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Cholesterol Testing Services Market: Segment Analysis
Among service provider, the hospitals segment is expected to register significant share in terms of revenue over the forecast period.
Global Cholesterol Testing Services Market: Regional Analysis
The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period, owing to increasing incidence of high cholesterol levels among people and technological development in devices and methods for cholesterol testing across various countries in this region.
The market in Asia Pacific is expected to witness fastest growth rate over the forecast period, owing to rising awareness of healthcare facilities among population and rising geriatric population in various countries in this region. In addition, development of new and cost-effective cholesterol testing devices is expected to create lucrative opportunities for players operating in the target market in this region over the forecast period.
Global Cholesterol Testing Services Market Segmentation:
Segmentation by age group:
Segmentation by service provider:
- Diagnostic Laboratories
- Ambulatory Care Centers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Quest Diagnostics Incorporated
- Spectra Laboratories Inc.
- Bio-Reference Laboratories Inc.
- Eurofins Scientific SE
- Clinical Reference Laboratory, Inc.
- Laboratory Corporation of America Holdings
- Unilabs SA
- Abbott Laboratories
- AccuTech, LLC
- Siemens Healthineers, Inc.
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