Cholesterol testing market is growing at a good pace

Isle of Man, Oct. 6, 2022 (GLOBE NEWSWIRE) — The cholesterol testing market growing rapidly worldwide. The industry is segmented by product type, test type, and region. The product type includes test strips and test kits, while tests include total cholesterol tests, high-density lipoprotein (HDL), low-density lipoprotein (LDL) and triglyceride tests. As the market is on an upward trajectory, industry players are aggressively investing in research and development to capture a larger market share. That’s why Douglas Insights added cholesterol testing research reports to its comparison engine to help them make better investment decisions and tap into lucrative business growth opportunities.

Douglas Insights is the world’s first comparison system that enables analysts, experts and organizations to select and compare research reports. The comparison engine helps professionals compare and evaluate reports worldwide based on price, number of pages, publisher rating, and table of contents. Using this digital tool, experts can gain valuable insights to understand the market trends, drivers, constraints and challenges. Moreover, it can also be used to make quick and informed decisions.

Market overview:

The cholesterol testing market is expected to grow at a compound annual growth rate of 8.37 percent from 2022 to 2029. Multiple factors are likely to contribute to the market growth. The primary market driver is the decline in physical activities. The significant decline in physical activity is linked to the sedentary nature of jobs, passive modes of transport, increasing screen time and a preference for passive leisure activities over sports.

Research shows that people of all ages do not exercise enough. Although the World Health Organization recommends at least 60 minutes of vigorous or moderate physical activity, most people fail to do so. Therefore, it is increasingly common for people to have high cholesterol. Physical activities such as exercise, swimming and jogging effectively lower LDL cholesterol (bad cholesterol) and increase HDL cholesterol (good cholesterol) levels in the body. These activities can easily protect people from the risk of developing cardiovascular disease.

Since a decline in physical activity and more people suffering from cardiovascular disease, the need for cholesterol test strips and kits is increasing. In addition, since high cholesterol usually has no symptoms or signs, it is vital to get it tested. A complete cholesterol test can help determine high cholesterol levels and the risk of heart attacks and other types of cardiovascular and blood vessel disease.

Compare and access the full report- https://douglasinsights.com/cholesterol-tests-market

Need a custom report? Don’t worry, you can create your own project using our service.

Create your custom project here- https://douglasinsights.com/projects

Market drivers

On the other hand, raising health awareness is another major driver of market growth. Health-conscious people are regularly examined and checked to better manage their cholesterol levels. Indeed, this shift in mindset has led to the demand for OTC self-test kits. These testing devices help patients monitor their cholesterol levels and accordingly make lifestyle changes and effective health care measures to minimize the risk of cardiovascular disease, which can block arteries and be fatal. Cholesterol testing kits and devices make early detection possible and much needed for quality and healthy living.

Protagonists

The growing demand for cholesterol testing products has increased competition worldwide. Some of the top players in the industry relentlessly striving to capture larger markets and penetrate new markets include AstraZeneca, Boston Scientific Corporation, Medtronic, Abbott, LivaNova PLC, Quest Diagnostics Incorporated, and Spectra Lab, Inc. According to the regional analysis, North America has the highest market share and is expected to lead the global industry for the forecast period, followed by the APAC region, which includes countries such as China and Japan. The APAC region has a rapidly aging population, so the demand for cholesterol testing devices is expected to skyrocket in the coming years.

This report answers the most important questionsCOVID 19 impact analysis on the global Cholesterol Test industry.

  • What are current market trends and dynamics in Cholesterol Testing market and valuable opportunities for emerging players?
  • What is Driving the Cholesterol Testing Market?
  • What are the main challenges for market growth?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which product type segment has a higher market share and why?
  • Are low- and middle-income economies investing in the cholesterol testing market?
  • Key growth pockets based on regions, types, applications, and end users
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and the Middle East and Africa?

Unique data points from this report

  • Cholesterol testing and spending statistics worldwide
  • Recent trends in different regions in terms of cholesterol testing adoption across industries
  • There are remarkable developments going on in the industry
  • Attractive investment proposition for both segments and geography
  • Comparative scenario for all segments for the years 2018 (actual) and 2031 (forecast)

Compare and access the full report- https://douglasinsights.com/cholesterol-tests-market

Need a custom report? Don’t worry, you can create your own project using our service.

Create your custom project here- https://douglasinsights.com/projects

Follow Douglas Insights for more industry updates- @ LinkedIn & Twitter

Comparisons of similar market research reports:

Point Of Care market for cholesterol monitoring equipmentIn the following years, the global market for point-of-care cholesterol monitoring equipment will rise to new heights. The market for point-of-care cholesterol monitoring devices is likely driven by the rising prevalence of target diseases such as cardiovascular disease, diabetes, and dyslipidemia.

Drug market for hypercholesterolemiaThe market for hypercholesterolemia drugs is expected to grow significantly in the coming years. This is due to the increasing prevalence of cholesterol-related diseases such as heart disease and stroke. A number of effective medications are available to treat these conditions, and more are being developed. As a result, the market for these drugs is expected to continue to grow.

Market for veterinary rapid testsThe market for veterinary rapid tests is expected to grow significantly in the coming years. This is due to the increasing demand for rapid test products from pet owners and veterinarians. Rapid tests are used to detect various diseases and conditions in animals, including heartworm, Lyme disease and cancer. They are also used to screen for genetic disorders.

Alzheimer’s Drug MarketCurrent epidemiological findings indicate an increase in disease incidence in recent years. This will inevitably lead to increased demand.

About Douglas Insights-

Douglas Insights UK Limited is the first company to compare market research reports based on table of contents, price, ratings and number of pages. We understand the value of time. Productivity and efficiency are possible when you make quick and confident decisions. Our advanced algorithm, filters and comparison system allows you to compare your preferred reports simultaneously based on publisher rating, publication date, price and list of tables. Through our data portal you can find and view the reports of various publishers. You can evaluate multiple reports on the same screen and select the sample that best suits your needs.

Cholesterol testing market is growing at a good pace

Leave a Reply

Your email address will not be published.

Scroll to top