Global Cholesterol Screening/ Cholesterol Lab Testing Services Market
Report Highlights
The global Cholesterol Screening/ Cholesterol Lab Testing Services Market was valued at USD 11.83 billion in 2016 and is projected to reach USD 23.26 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
A complete cholesterol test measures four types of lipids, or fats, in your blood: Total cholesterol is the total amount of cholesterol in your blood. Low-density lipoprotein (LDL) cholesterol is referred to as bad cholesterol. High amount of bad cholesterol raises risk of heart attack, stroke, and atherosclerosis.
Market Dynamics:
1. Market Drivers
1.1 Increasing Incidence of Cardiovascular Diseases (CVDS) and Obesity
1.2 Physician’s Preference for Lab Testing Over Self-Testing
1.3 Growing Awareness and Adoption of Preventive Healthcare
1.4 Government Initiatives to Improve Quality of Testing
1.5 Increasing geriatric population
2. Market Restraints
2.1 Rapidly Growing Cholesterol Home/Self-Testing Market
2.2 Emergence of Noninvasive Cholesterol Testing Methods
Market Segmentation:
1. Global Cholesterol Screening/ Cholesterol Lab Testing ServicesMarket, by Type of Customer:
1.1 Physicians/Providers and Hospitals
1.2 Employers, Health Plans, and Managed Care Organizations (MCOS)
1.3 Government Agencies, Accountable Care Organizations, and Integrated Delivery Networks (IDNS)
1.4 Patients
2. Global Cholesterol Screening/ Cholesterol Lab Testing Services Market, by Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Laboratory Corporation of America Holdings (LabCorp)
2. Quest Diagnostics Incorporated
3. Eurofins Scientific
4. Spectra Laboratories, Inc.
5. Unilabs
6. Synlab International GmbH
7. Bio-Reference Laboratories, Inc.
8. Clinical Reference Laboratory, Inc.
9. ACM Medical Laboratory)
10. Adicon Clinical Laboratory
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Cholesterol Screening/ Cholesterol Lab Testing ServicesMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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