Cholesterol Testing Products and Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Cholesterol Testing Products and Services Market is segmented by Products and Services (Devices, Test Kits, Other Products and Services), End User, and Geography.

Market Snapshot

Market Snapshot-cholesterol
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.8 %

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Market Overview

  • Cholesterol testing products and services market is primarily driven by the growing burden of high cholesterol and cardiac diseases around the world. The normal cholesterol levels are 200 mg/dl, the range higher than this is referred to as hypercholesteremia. The rise in cholesterol levels increases the risk of stroke and heart disease. The high cholesterol levels are predominant in the geriatric population, the increasing older population around the world another important factor that drives the market growth. 
  • According to data from World Population Prospects by the United Nations (UN), in 2018, the first time in history, people older than 65 years old have outnumbered the children under five years of age. The number of older people more than 80 years of age is projected to triple from 143 million in 2019 to 426 million in 2050. However, stringent regulatory policies anticipated to impede market growth over the forecast period.

Scope of the Report

A cholesterol test is a blood test to measure each type of cholesterol and particular fats in the blood. As per the scope of the report, cholesterol testing products and services cover the test kits and other cholesterol testing products and testing services offered by the various market players.

By Products and Services
Products
Devices
Test Kits
Other Products and Services
Services
By End User
Diagnostic Centers
Hospitals
Other End Users
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Products Segment is Anticipated to Grow at Significant Rates

There are various cholesterol/lipid profiling devices and test kits that are available in the market. Technological advancements in lipid profile devices and the growing adoption of cholesterol test kits are anticipated to boost the product segment growth over the forecast period.

Among the end user segment, diagnostic devices are expected to have lucrative market growth owing to the growing prevalence of hypercholesteremia and increasing frequency of regular cholesterol checkup without physician intervention. According to the World Health Organization (WHO), overall raised cholesterol is estimated to cause 2.6 million deaths and 29.7 million disability-adjusted life years.

Moreover, the services segment is anticipated to have a significant growth rate, owing to growing affordability and favorable reimbursement policies in many countries around the world.

Cholesterol Testing Trends.png

North America Anticipated to Have Significant Growth

Among the regions, North America anticipated to have a significant growth rate owing to well-established healthcare infrastructure, a growing number of people with high cholesterol levels, and favorable health policies in the region. According to the Center for Disease Control and Prevention (CDC), between 2015-2016, more than 12% of the adults aged more than 20 years are having cholesterol higher than 240 mg/dl. Moreover, growing awareness regarding preventive healthcare and various initiatives taken up by the government and non-government organizations on increasing awareness regarding the cholesterol anticipated to boost regional growth. On the other hand, Asia Pacific anticipated having lucrative market growth, owing to changing lifestyle, growing awareness, rise in the number of diagnostic centers, and recent product launches.

Cholesterol Products and Services Market - Growth Rate by Region-Image

Competitive Landscape

The global cholesterol testing product and services market is moderately fragmented and competitive. Market players are focusing on new product launches, product innovations, and geographical expansion to strengthen its market share. The key market players operating in the market include Quest Diagnostics, SpectraCell Laboratories Inc., Randox Laboratories Ltd, Thermo Fisher Scientific, and Cell Biolabs Inc. among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of High Cholesterol and Cardiovascular Diseases

      2. 4.2.2 Increasing Awareness Regarding Regulation of Cholesterol Testing

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Policies

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Products and Services

      1. 5.1.1 Products

        1. 5.1.1.1 Devices

        2. 5.1.1.2 Test Kits

        3. 5.1.1.3 Other Products and Services

      2. 5.1.2 Services

    2. 5.2 By End User

      1. 5.2.1 Diagnostic Centers

      2. 5.2.2 Hospitals

      3. 5.2.3 Other End Users

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Quest Diagnostics

      2. 6.1.2 SpectraCell Laboratories Inc.

      3. 6.1.3 Randox Laboratories Ltd

      4. 6.1.4 Thermo Fisher Scientific

      5. 6.1.5 Cell Biolabs Inc.

      6. 6.1.6 Abbott Laboratories

      7. 6.1.7 Clinical Reference Laboratory Inc.

      8. 6.1.8 Spectra Laboratories Inc.

      9. 6.1.9 Bio-Reference Laboratories

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Cholesterol Testing Products and Services Market market is studied from 2018 - 2026.

The Cholesterol Testing Products and Services Market is growing at a CAGR of 7.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Quest Diagnostics, SpectraCell Laboratories, Inc. , Randox Laboratories Ltd, Thermo Fisher Scientific, Cell Biolabs, Inc. are the major companies operating in Cholesterol Testing Products and Services Market.

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