Global Cholesterol Screening/Cholesterol Lab Testing Services Market to Witness Growth Acceleration by 2024-2032

Cholesterol Screening/Cholesterol Lab Testing Services Market Size And Forecast

Cholesterol Screening/Cholesterol Lab Testing Services Market size was valued at USD 15.4 Billion in 2020 and is projected to reach USD 28.6 Billion by 2028, growing at a CAGR of 7.9% from 2021 to 2028.

The increased incidence of cardiovascular disease and obesity, doctors’ preference for laboratory testing over self-testing, government initiatives to improve test quality, and the rapid growth of the geriatric population are driving the growth of the Cholesterol Screening/Cholesterol Lab Testing Services Market. The Global Cholesterol Screening/Cholesterol Lab Testing Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Cholesterol Screening/Cholesterol Lab Testing Services Market Definition

The pervasiveness of inactive lifestyles is expected to increase the demand for cholesterol laboratory tests around the world. Cholesterol is a waxy, fat-like substance that is present in the bloodstream, in nerve fibers, and body organs. A person’s cholesterol level is determined by factors such as heredity, consumption of foods high in saturated fatty acids like animal products, and metabolic diseases such as diabetes, age, and gender.

Global Cholesterol Screening/Cholesterol Lab Testing Services Market Overview

Elevated cholesterol level increases health risks such as a high risk of stroke and heart disease, which are responsible for a large number of deaths. Cholesterol laboratory tests enable problems to be detected early, avoid complications and increase the patient’s chances of survival which drives the growth of the Cholesterol Screening/Cholesterol Lab Testing Services Market.

Other important drivers of market growth are the gradual awareness of the dangers of cholesterol and education about the importance of these tests, the increasing incidence of cardiovascular diseases, strokes, and other heart diseases, the growth in health care spending, government initiatives, the increase in the geriatric population and technological advances in cholesterol laboratory testing services, low consumption of fruits and vegetables, unhealthy food habits such as liking for fast food and fast food, and lack of physical inactivity have fueled the growth of this market.

Obesity is another condition related to high cholesterol. As the number of cholesterol-induced diseases increases, so will the need for these tests, expanding the market for global laboratory cholesterol testing. However, the presence of home or self-test kits could restrict the growth in addition to the limitations imposed by the introduction of non-invasive cholesterol testing procedures.

Global Cholesterol Screening/Cholesterol Lab Testing Services Market Segmentation Analysis

The Global Cholesterol Screening/Cholesterol Lab Testing Services Market is Segmented on the basis of Type of Customer And Geography.

Cholesterol Screening/Cholesterol Lab Testing Services Market, By Type Of Customer

• Physicians/Providers and Hospitals• Government Agencies• Diagnostic centers• Patients• Others

Based on Type Of Customer, The market is segmented into Physicians/Providers and Hospitals, Government Agencies, Diagnostic centers, Patients, and Others. Diagnostic Centres dominated the market in terms of total revenue share and are also expected to have the fastest CAGR during the forecast period due to the increasing number of people diagnosed with high total cholesterol. Furthermore, regular health checkups without the doctors’ Interventions are also a powerful driver of growth. The Government segment is expected to experience significant growth in the forecast period due to its increasing focus on prevention and early detection to avoid serious illnesses.

Cholesterol Screening/Cholesterol Lab Testing Services Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Cholesterol Screening/Cholesterol Lab Testing Services Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to dominate the global Cholesterol Screening/Cholesterol Lab Testing Services Market, with the United States having a significant share. Asia is projected to be the fastest-growing region in terms of CAGR. Due to the large population base, increased prevalence of cardiovascular disease, and a growing number of testing facilities in the Asia region over the forecast period.

Key Players

The “Global Cholesterol Screening/Cholesterol Lab Testing Services Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Laboratory Corporation of America Holdings (LabCorp), Quest Diagnostics Incorporated, Eurofins Scientific, Spectra Laboratories, Inc., Unilabs, Synlab International GmbH, Bio-Reference Laboratories, Inc., Clinical Reference Laboratory, Inc., ACM Medical Laboratory, and Adicon Clinical Laboratory. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as a future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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