Global Cholesterol Testing Products and Services Market Size

Cholesterol Testing Products & Services Market Analysis

The cholesterol testing products and services market is poised to grow at a CAGR of 7.8% during the forecast period, 2022-2027.

Due to the COVID-19 pandemic, there has been a decrease in cholesterol testing, which saw demand decline even more rapidly to keep pace with the suspected cases of COVID-19. According to the study titled "Trends in cholesterol testing during the COVID-19 pandemic: COVID-19 and cholesterol testing," published in the American Journal of Preventive Cardiology in June 2021, between March and September 2020, cholesterol testing rates in an extensive integrated healthcare system were 39 percent lower than the same period in 2019. As COVID-19 resurfaces across the United States, mechanisms for safely facilitating cholesterol testing and management for high-risk patients have critical scenarios during COVID-19. Thus, during COVID-19, the cholesterol testing and services market was significantly impacted.

The cholesterol testing products and services market is primarily driven by the growing burden of high cholesterol and cardiac diseases worldwide. The average 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. For instance, according to the research study published in November 2020, titled 'Lipid Profile in Indian Patients with Type 2 Diabetes: The Scope for Atherosclerotic Cardiovascular Disease Risk Reduction', 40.0% of people had hyperlipidemia, of which 14.6% had just received a diagnosis. Elevated LDL cholesterol was the most prevalent lipid abnormality and low-density lipoprotein (LDL) cholesterol levels were shown to be correlated with increased A1C and fasting blood glucose values. Similarly, according to the July 2022 update of the Centers for Disease Control and Prevention, the total cholesterol level in about 94 million American individuals aged 20 or older is higher than 200 mg/dL and in the United States, adults with total cholesterol levels greater than 240 mg/dL number 28 million. Thus, an increase in cardiac diseases especially in cholesterol levels is expected to drive the demand for cholesterol testing and services, boosting the market growth.

Furthermore, various critical development in the market supports the growth of the market. For instance, in January 2021, Researchers in China developed a noninvasive skin cholesterol detection system that could be useful in the long-term lipid management of cardiovascular diseases, meeting a critical unmet need. The traditional indicator, low-density lipoprotein cholesterol (LDL-C), is prone to false positives, and lipid levels measured by routine blood cholesterol tests fluctuate based on diet, exercise, and weight. Thus, development help to bolster the market growth over the forecast period. However, stringent regulatory policies are anticipated to impede market growth over the forecast period.