Press release
Lipid Panel Testing Market Size Projected To Reach $16.45 Billion By 2034 With A Cagr Of 8.9%
Lipid Panel Testing Market Size
What Is the Projected Growth of the Lipid Panel Testing Market?
The Lipid Panel Testing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Lipid Panel Testing Market?
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What Are the Different Lipid Panel Testing Market Segments?
The lipid panel testing market covered in this report is segmented -
1) By Product And Services: Devices, Kits, Services
2) By Prescription Mode: Prescription-Based Testing, OTC-Based Testing
3) By Application: Hyperlipidemia, Hypertriglyceridemia, Familial Hypercholesterolemia, Hypo-Lipoproteinemia, Tangier Disease, Atherosclerosis, Other Applications
4) By End User: Hospital, Specialty Clinics And Physician Offices, Pathology Laboratories, Diagnostic Clinics, Ambulatory Surgical Centers, Reference Laboratories, Academic And Research Institutes, Other End-Users
Subsegments:
1) By Devices: Automated Analyzers, Point-Of-Care Testing Devices, Spectrophotometers
2) By Kits: Test Kits For Cholesterol, HDL And LDL Kits, Triglyceride Test Kits
3) By Services: Laboratory Testing Services, Diagnostic Services, Health Screening Services
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What Are the Primary Drivers Shaping the Lipid Panel Testing Market?
The escalating prevalence of cardiovascular and diabetic disorders is anticipated to propel the lipid panel testing market. Cardiovascular illness comprises conditions impacting the heart and blood vessels, while Diabetes is a metabolic syndrome that interferes with the body's capacity to produce insulin effectively, leading to elevated blood sugar levels. Lipid panel testing plays a crucial diagnostic role in pinpointing individuals at high risk of developing cardiovascular diseases or who have already contracted the condition. This testing method also monitors treatment efficacy for individuals battling cardiovascular diseases or diabetes, enabling healthcare professionals to modify treatment protocols to attain desirable lipid levels and mitigate the risk of additional diseases. For example, the World Health Organization, a specialized United Nations agency based in Switzerland, reported 17.9 million deaths from cardiovascular diseases in September 2023. In addition, the Centers for Disease Control and Prevention (CDC) National Diabetes Statistics Report, a US government agency, reported that diabetes cases in the US surged to 37.3 million in 2022. Consequently, advancements to manage cardiovascular and diabetic diseases will push the lipid panel testing market ahead.
Which Companies Are Leading in the Lipid Panel Testing Market?
Major companies operating in the lipid panel testing market include Abbott Laboratories, Beckman Coulter Inc., F. Hoffmann-La Roche Ltd., Randox Laboratories Ltd., Thermo Fisher Scientific Inc., PTS Diagnostics, Quest Diagnostics Incorporated, Alere Inc., EuroMedix International, Boston Heart Diagnostics Corporation, Eurofins Scientific SE, Spark Diagnostics Pvt Ltd., Everlywell Inc., Horiba ABX SAS, Siemens Healthcare GmbH, Nova Biomedical Corporation, Bio-Rad Laboratories Inc., Danaher Corporation, DiaSorin S.p.A., EKF Diagnostics Holdings plc, Grifols S.A., Hologic Inc., Luminex Corporation, Meridian Bioscience Inc., Ortho Clinical Diagnostics LLC
What Are the Major Trends Shaping the Lipid Panel Testing Market?
One emerging trend in the lipid panel testing market is the focus on product innovations. Key players in the market are striving to develop unique products in order to maintain their market standing. For example, in October 2022, the biotech firm from the United States, Boston Heart Diagnostics, launched LipoMap. This set of 33 lipid-based tests, which includes lipoprotein and apolipoprotein tests, is the most inclusive evaluation of lipid metabolism available commercially. The tests reveal lipid anomalies which can be treated and reversed to avoid cardiovascular disease (CVD), thereby increasing the potential for customized treatments and additional follow-up testing.
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What Are the Top Revenue-Generating Geographies in the Lipid Panel Testing Market?
North America was the largest region in the lipid panel testing market in 2024. Asia-Pacific is expected to be the fastest growing region in the global lipid panel testing market during the forecast period. The regions covered in the lipid panel testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Lipid Panel Testing Market?
2. What is the CAGR expected in the Lipid Panel Testing Market?
3. What Are the Key Innovations Transforming the Lipid Panel Testing Industry?
4. Which Region Is Leading the Lipid Panel Testing Market?
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