Press release
Global Cholesterol Test Market Projected to Surpass $14.01 Billion by 2029 with 9% Annual Growth
Cholesterol Test Market Share
The cholesterol test market is projected to expand due to an increase in cardiovascular diseases. These diseases encompass a range of heart and blood vessel disorders such as coronary heart disease, stroke, peripheral arterial disease, aortic disease, among others. Cholesterol tests play a critical role by offering critical insights to doctors and individuals about the risk of heart disease. As per the Australian Institute of Health and Welfare, a government agency of Australia, there were 14,100 confirmed deaths from coronary heart disease (CHD) in 2021, and this figure increased to 14,900 in 2022, as reported in June 2024. Consequently, the growing fatalities and prevalence of cardiovascular diseases will fuel the growth of the cholesterol test market.
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What is the future CAGR of the cholesterol test market, and how will it impact industry expansion?
In recent times, the cholesterol test market has seen significant growth. The market is projected to expand from $9.16 billion in 2024 to $9.97 billion in 2025, with an 8.8% compound annual growth rate (CAGR). The growth during the historic period is due to increased awareness about cardiovascular diseases, comprehensive research on heart health, public health drives, guidance from physicians, and patient education.
Anticipated to witness notable expansion in the coming years, the cholesterol test market is projected to escalate to a size of $14.01 billion by 2029, with an 8.9% compound annual growth rate (CAGR). Factors contributing to the expansion during this forecast period include the incorporation in corporate wellness programs, the effect of precision nutrition, the rise of health-aware consumers, the integration of genetic testing, and the shift towards personalized medicine. Key trends anticipated during the forecast period encompass therapies targeted at cholesterol, collaboration with health applications, platforms educating about cholesterol, inclusive lipid panels and the growth of point-of-care testing.
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What are the most significant trends transforming the cholesterol test market today?
In the cholesterol test market, a key trend growing in popularity is technological innovation. The primary focus of large corporations and research institutions is on the creation of novel solutions for cost-effective, efficient, and advanced cholesterol testing. As an example, Ural Federal University (UrFU), a Russian education and research institution, launched a microfluidic chip in November 2022. This sensor device, designed to measure blood cholesterol levels, is fully integrated and 3D printed. The newly crafted methodology used in the sensor necessitates a tiny amount of blood to pinpoint cholesterol levels. In this process, blood is deposited into a chip for analysis containing a copper chloride solution based on acetonitrile. The inclusion of an electrode linked to a voltametric analyzer within this chip results in quicker analysis, courtesy of magnetic nanoparticles combined with polymers that preferentially absorb cholesterol and eliminate other requisite elements for blood composition.
Which key market segments comprise the cholesterol test market and drive its revenue growth?
The cholesterol test market covered in this report is segmented -
1) By Product Type: Test Kits, Test Strips, Other Product Types
2) By Test Type: Total Cholesterol Test, High-Density Lipoprotein (HDL) Cholesterol, Low-Density Lipoprotein (LDL) Cholesterol, Triglycerides Or Very Low-Density Lipoprotein (VLDL) Cholesterol Test
3) By Distribution Channel: Over The Counter, Prescription Based
4) By End User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By Test Kits: Home Testing Kits, Laboratory Testing Kits
2) By Test Strips: Disposable Test Strips, Multi-Use Test Strips
3) By Other Product Types: Point-Of-Care Testing Devices, Cholesterol Monitors, Reagents And Calibration Solutions
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What regions are at the forefront of cholesterol test market expansion?
North America was the largest region in the cholesterol test market in 2024. The regions covered in the cholesterol test market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the cholesterol test market?
Major companies operating in the cholesterol test market include CVS Health Corporation, F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Siemens Healthineers GmbH, Fujifilm Holdings Corporation, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Eurofins Scientific SE, Mindray Medical International Limited, SYNLAB International GmbH, Beckman Coulter Inc., PerkinElmer Inc., Horiba Ltd., Sigma-Aldrich Corp, Randox Laboratories Ltd., Nova Biomedical Corp, Abcam plc, Sinocare Inc., ACM Global Laboratories, Clinical Reference Laboratory Inc., Sekisui Diagnostics LLC, Everlywell Inc., SpectraCell Laboratories Inc., Spectra Laboratories Inc., LetsGetChecked USA, Ulta Lab Tests LLC, Cell Biolabs Inc., BioReference Health LLC, Diazyme Laboratories Inc.
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What Is Covered In The Cholesterol Test Global Market Report?
• Market Size Forecast: Examine the cholesterol test market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cholesterol test market for a structured understanding.
• Key Players Overview: Analyze major players in the cholesterol test market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cholesterol test market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cholesterol test market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cholesterol test market.
• Industry Challenges: Identify potential risks and obstacles affecting the cholesterol test market.
• Competitive Landscape: Review strategic developments in the cholesterol test market, including expansions, agreements, and new product launches.
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