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Cholesterol Test Market on Track for Strong Growth, Estimated to Grow at 8.9% CAGR Through 2029
Cholesterol Test Market
What Is the Expected CAGR for the Cholesterol Test Market Through 2025?
The market for cholesterol testing has experienced robust expansion recently, projected to increase from $9.16 billion in 2024 to $9.94 billion in 2025, reflecting an 8.5% compound annual growth rate, with this historical upward trend being propelled by heightened awareness surrounding cardiovascular ailments, ongoing studies into cardiac wellness, large-scale public health initiatives, endorsements from medical practitioners, and educational efforts directed at patients.
What's the Projected Size of the Global Cholesterol Test Market by 2029?
Anticipation surrounds the cholesterol test sector, forecasting significant expansion in the approaching years, achieving a valuation of $13.95 billion by 2029, driven by an 8.9% compound annual growth rate; this upward trajectory is fueled by factors such as increased incorporation into workplace wellness initiatives, the growing impact of tailored nutrition, heightened consumer health awareness, the merging of genetic screening, and a broader movement towards bespoke medical treatments. Key developments expected during this forecast span encompass novel therapies specifically aimed at cholesterol management, the seamless merging of testing with mobile health applications, the proliferation of informational platforms dedicated to cholesterol understanding, a preference for detailed lipid profile analyses, and the wider deployment of testing capabilities at the patient's immediate location.
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Top Growth Drivers in the Cholesterol Test Industry: What's Accelerating the Market?
Increasing occurrences of heart and blood vessel illnesses are anticipated to fuel the expansion of the market for cholesterol assessments. These disorders, which encompass conditions like stroke, peripheral arterial disease, aortic disease, coronary heart disease, and others, collectively form cardiovascular diseases (CVDs). A cholesterol screening furnishes both medical practitioners and the general public with crucial data pertaining to the susceptibility to heart ailments. To illustrate this trend, data from the Australian Institute of Health and Welfare, a governmental body in Australia, indicated that physician-certified fatalities attributable to coronary heart disease (CHD) reached 14,100 in the year 2021, and this figure subsequently increased to 14,900 by 2022. Consequently, the escalating mortality rates and the widespread nature of cardiovascular ailments are serving as key drivers propelling the cholesterol test market forward.
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What Trends Will Shape the Cholesterol Test Market Through 2029 and Beyond?
Innovation driven by technology is a prominent movement within the arena of cholesterol testing, with leading corporations and academic bodies dedicating efforts to creating novel approaches for more affordable, performant, and sophisticated blood analysis. A noteworthy illustration of this progress emerged in November 2022 when the Ural Federal University (UrFU), an institution situated in Russia dedicated to education and investigation, unveiled a 3D-printed microfluidic chip, functioning as an integrated sensor for determining blood cholesterol. This novel sensing methodology necessitates only a minuscule blood sample for cholesterol determination; the sample is introduced into an analysis chip holding a copper chloride solution based on acetonitrile. The chip features an electrode linked to a voltametric analyzer, which expedites result acquisition by employing magnetic nanoparticles conjugated with polymers possessing molecular recognition sites specifically tailored to bind cholesterol, effectively separating it from other crucial blood components.
What Are the Main Segments in the Cholesterol Test Market?
The cholesterol testmarket 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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Which Top Companies are Driving 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.
Which Regions Will Dominate the Cholesterol Test Market Through 2029?
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.
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