The global cholesterol testing products and services market size is expected to reach USD 26.8 billion by 2026, expanding at a CAGR of 7.9% during the forecast period, according to a new report by Grand View Research, Inc. Insufficient physical activity leads to high cholesterol levels and other conditions, such as obesity, diabetes, and cardiovascular diseases. This factor is anticipated to drive the demand for cholesterol testing products and services in near future.
There
is an increased need to control high blood cholesterol levels, in addition to
other risk factors such as smoking, high blood pressure, and obesity. This has
led to high adoption of diagnostic tools and services. According to the Journal
of the American Medical Association (JAMA), while the cholesterol levels in the
U.S. youth have improved from 1999 to 2016, only 50% of adolescents and
children have the ideal cholesterol range and 25% of them are in the clinically
high range.
According
to the Journal of the American College of Cardiology, in 2018, 31 million of
the U.S. adults had high total cholesterol and around one-third of them had
high levels of Low-Density Lipoprotein (LDL). Growing number of people being
overweight in U.S. is another factor driving the demand for cholesterol testing
products and services. Increasing geriatric population is one of the
significant factors driving the market growth. This group of population is
prone to various cardiovascular diseases such as stroke and heart attack. Thus,
increasing cholesterol level is a substantial risk factor for the aging
population, which is expected to drive the product demand.
Full Research Report On Cholesterol Testing Products And Services Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/cholesterol-testing-products-services-market
Further key
findings from the study suggest:
- On the basis
of type of customers, diagnostic center held the largest market share in
2018 owing to growing awareness regarding regular health checkups for
maintaining cholesterol levels
- Government
agencies help in terms of favorable insurance policies and also focus on
preventive healthcare, to encourage cholesterol testing services
facilitating market growth
- Physicians/providers
and hospitals segment is anticipated to register significant growth over
the forecast period owing to a rise in preference due to the prevalence of
cardiovascular diseases
- North America
held the largest revenue share in 2018 owing to the rise in obesity and
heart diseases coupled with favorable insurance policies
- Asia Pacific
is anticipated to witness the fastest CAGR over the forecast period due to
high population base and rising number of diagnostic centers
- Some of the
key manufacturers operating in the cholesterol testing products and
services market include Quest Diagnostics Incorporated; Cell Biolabs,
Inc.; Randox Laboratories Ltd.; Eurofins Scientific; and Synlab
International GmbH
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Grand View Research has
segmented the global cholesterol testing products and services market report on
the basis of type of customers and region:
Cholesterol
Testing Products and Services Type of Customer Outlook (Revenue, USD
Million, 2015 - 2026)
- Diagnostic Centers
- Physicians/Providers and Hospitals
- Government Agencies
Cholesterol
Testing Products and Services Regional Outlook (Revenue, USD Million, 2015
- 2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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