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Cholesterol Testing Services Market is expected to Garner US$ 22.6 Bn by 2025

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Global Cholesterol Testing Services Market, By Age Group (Geriatric, Adults, and Pediatric), By Service Provider (Hospitals, Diagnostic Laboratories, Ambulatory Care Centers, and Others) and by Region (North America, Latin America, Europe, Asia Paci
CHOLESTEROL TESTING SERVICES
MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2017–2025
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REPORT DESCRIPTION
Cholesterol Testing Services Market: Overview
Global Cholesterol Testing Services Market, By Age Group (Geriatric, Adults, and Pediatric),
By Service Provider (Hospitals, Diagnostic Laboratories, Ambulatory Care Centers, and
Others) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East,
and Africa) was valued at US$ 11.5 Bn in 2016 and is projected to exhibit a CAGR of 7.8%
over the forecast period (2017–2025), as highlighted in a new report published by Coherent
Market Insights. Increasing prevalence of high cholesterol level is expected to drive growth
of global cholesterol testing services market in the near future.
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According to a research published by National Heart Foundation of Australia, in 2012,
around 5.6 million people aged 18 years and above were reported to have high total
cholesterol levels in Australia. High blood cholesterol could lead to risk for developing
various heart diseases and stroke, owing to which, people are opting for regular cholesterol
checkups. This is expected to increase demand for its testing thus, driving growth of the
market in the near future. Furthermore, cholesterol level in plasma increases with age,
according to a study published in NCBI in 2013. Hence, rising geriatric population and
increasing prevalence of obesity are also expected to be factors aiding in market growth.
This is due to high susceptibility of obese and geriatric population to increasing cholesterol
levels.
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REPORT DESCRIPTION
New developments in cholesterol testing, through R&D is expected to be a key factor for
growth of the market. For instance, in 2013, researchers at John Hopkins University
developed new method for calculating LDL, or low-density lipoprotein. This new method, to
calculate LDL (bad cholesterol levels) in the blood, has eliminated inconvenient pre-test
fasting. This research also provided evidence that the new method of calculating bad
cholesterol levels in the blood is more accurate than the conventional method. Furthermore,
key players in the market are focusing on launching new devices for cholesterol testing and
this is also expected to drive growth of the global cholesterol testing services market in the
near future. For instance, in 2013, ACON Laboratories, Inc. launched its mission cholesterol
monitoring system for complete lipid panel testing. This cholesterol monitoring system offers
cholesterol testing at relatively low costs.
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Cholesterol helps to make the outer layer of the cells in body, produce bile acids, which help
in digestion and absorption of dietary fats. However, high cholesterol in the blood, could
lead to development of fatty patches on the walls of blood vessels, known as atheroma.
Blood testing is the only way to check cholesterol levels in the body. The Adult Treatment
Panel of the National Cholesterol Education Program (NCEP) recommends that all adults
aged 20 years and above should have a fasting lipoprotein profile (total cholesterol, LDL
cholesterol, HDL cholesterol, and triglyceride) tested, once every five years, to screen for
coronary heart disease risk. Such initiatives from organizations is expected to aid in positive
growth of the global cholesterol testing service market.
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Key Takeaways of the Cholesterol Testing Services Market:
• The global cholesterol testing services market is expected to exhibit a CAGR of 7.8% over
the forecast period (2017–2025), owing to increasing prevalence of high cholesterol level
with rising incidence of obesity, and increasing geriatric population
• North America was the dominant region in the global cholesterol testing services market
and is expected to retain its dominance over the forecast period (2017–2025). This is
owing to increasing prevalence of high cholesterol levels among the population, especially
in adults and aged, in the U.S.
• Key players are focusing on expanding their presence by launching new devices & systems
and receiving marketing approvals for their new products in key geographies
• Major players operating in the cholesterol testing services market include Quest
Diagnostics Incorporated, Spectra Laboratories Inc., Bio-Reference Laboratories Inc.,
Eurofins Scientific (Luxembourg), Clinical Reference Laboratory, Inc. (CRL), ACM Medical
Laboratory, Adicon Clinical Laboratory, Unilabs, SYNLAB International GmbH, and
Laboratory Corporation of America Holdings (LabCorp)
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