This market report involves the drivers and restraints for Global Cholesterol Testing Market that are derived from SWOT analysis and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles. The market data within the report is displayed in a statistical format to offer a better understanding upon the market dynamics. This report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market
The Global Cholesterol Testing Market is expected to reach USD 2,572.27 million by 2025, from USD 1,408.99 million in 2017 growing at a CAGR of 7.9% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The major factors driving the market are technological advancements in cholesterol testing, growing number of cardiovascular diseases and obesity, higher growing number of geriatric population, rising awareness and acceptance of preventive healthcare, increasing cholesterol home/self-testing market.
Key Market Competitors
The global cholesterol testing market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. F. Hoffmann-La Roche Ltd dominated the cholesterol testing market accounting for a highest market share in 2017, followed by Siemens AG and Abbott Other players in this market include are Accutech, LLC, Beckman Coulter, Inc., Bio-Rad Laboratories, Inc., Prima Lab SA, Quest Diagnostics, Inc., Home Access Health Corporation, and Sigma-Aldrich Corp. among others.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
Drivers: Global Cholesterol Testing Market
The major factors driving the growth of this market are technological advancements in cholesterol testing, growing number of cardiovascular diseases and obesity, higher growing number of geriatric population, rising awareness and acceptance of preventive healthcare and increasing cholesterol home/self-testing market are boosting the growth of the global cholesterol testing market.
TECHNOLOGICAL ADVANCEMENTS IN CHOLESTEROL TESTING
Cholesterol testing is the method which is used for diagnosis of the cholesterol level in the body. Much technological advancement had taken place in the cholesterol testing procedures as there had been innovative technologies. Some of the example for technological advancements is mentioned below.
- In July 2016, Alere entered into a partnership with healthcare technology company BioIQ for providing interface between BioIQ’s software platform, SoftSuite Dx and the Alere Cholestech LDX System for the point of care lipid profile and glucose results for employee biometric screening events.
- In November 2014, Roche Diagnostics Ltd. received FDA Clearance for Strep A Test on cobasLiat System, the first molecular point of care test.
The new technologies are emerging in the market that is helpful for the non-invasive techniques of cholesterol testing. This will enhance the growth of the cholesterol testing market.
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Cholesterol Testing Market report effectively provides required features of the global market for the population and for the business looking people for mergers & acquisitions, making investments, new vendors or concerned in searching for the appreciated global market research facilities. It offers sample on the size, offer, and development rate of the market. The Cholesterol Testing report provides the complete structure and fundamental overview of the industry market.
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