Pulished Date June, 2019
ID: 8465
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Cholesterol Testing Services Market by Type of Customer (Physician/Provider, Hospital, Employer, Health Plan, MCO, Government, ACO, IDN, Patient), Geography (North America, Europe) & Qualitative Assessment – Global Forecasts to 2023

Pulished: June, 2019
ID: 8465
Pages: 170

Tags: Tag2, Tag_3

Cholesterol Testing Service Market Overview: 

Cholesterol is a waxy, fat-like substance found in every cell of our body. If you have too much cholesterol in your blood, it can combine with other substances in your blood to form plaque that sticks to the walls of the arteries. A complete cholesterol test is also referred to as a lipid panel or lipid profile. Your doctor will be able to measure the amount of "good" and "bad" cholesterol and triglycerides, a type of fat in the blood. The market for cholesterol testing services is expected to reach $ 19.68 billion by 2023, compared to an estimated $ 13.42 billion in 2018 and a growth rate of 8.2% over the forecast period.

Cholesterol Testing Service Market Recent developments: 

  • Abbott Laboratories acquires Alere.
  • Siemens Healthineers expands facilities in Massachusetts.
  • USFDA billing of PTS bags for a new PTS panel measurement range.
  • You can assign the triage assets to Quidel.
  • Akers Biosciences ink distribution agreement with First Check Diagnostics.
  • Merck is divided into three separate business units.
  • Atonomics receives the CE mark for the trace lipid test plate.
  • Siemens Healthiness is a partner of DIA Holding.
  • The contract for the sale of PTS diagnostic colors with Anda.

Cholesterol Testing Service Market value and expected growth: 

Key drivers driving the market growth include an increase in the incidence of cardiovascular disease, a sedentary lifestyle, an increase in the geriatric population, which provides a large number of patients, and government initiatives to improve health care delivery. Besides, improvements in healthcare spending and public awareness of cardiovascular disease, their causes, treatment, and prevention are also driving market growth. The market for cholesterol testing services is expected to reach $ 19.68 billion by 2023, compared to an estimated $ 13.42 billion in 2018 and a growth rate of 8.2% over the forecast period. North America is expected to have most of the market, followed by Europe and Asia.

Market Drivers and Restrictions:

It is expected that the world market for cholesterol testing services will see significant growth in the coming years with an increased incidence of cardiovascular disease and obesity. Another factor that will drive the market is the preference of physicians for laboratory testing rather than self-testing, as well as raising awareness and introducing preventive medical treatments. Government initiatives will also improve the quality of the tests. Besides, the rise of the geriatric population around the world will increase the incidence of cardiovascular disease.

Besides, increases in healthcare spending and public awareness of cardiovascular disease, their causes, treatment, and prevention are also driving market growth.

High cholesterol levels lead to health hazards such as the acute risk of stroke and heart disease and cause a large number of deaths. Cholesterol screening services enable the early detection of high-cholesterol-related problems to avoid complications and increase patient survival.

On the other hand, self-test / growth in the domestic market and the emergence of non-invasive test methods for cholesterol are expected to restrict the growth of this market for cholesterol testing services to some extent.

Market Taxonomy:

  • Cholesterol Testing Services Market, by Type of Customer
  • Physicians/Providers and Hospitals
  • Employers, Health Plans, and Managed Care Organizations (MCOs)
  • Government Agencies, Accountable Care Organizations (ACOs), and Integrated Delivery Networks (IDNs)
  • Patients

Geographically, the market can be divided into North America, Europe, Asia, Latin America, the Middle East, and Africa. North America is expected to dominate the market for cholesterol testing in 2018, and the United States is an essential part of it. Asia is expected to be the fastest growing region in terms of CAGR over the forecast period. This is due to the large population base, the increase in cardiovascular disease, and the increasing number of test facilities in Asia.

Key participants:

The major players in the market for cholesterol testing are Laboratory Corporation of America Holdings (Lab Corp.) (USA), Quest Diagnostics Incorporated (USA), Eurofins Scientific (Luxembourg) and Spectra Laboratories Inc. (USA), Unilabs (Switzerland), SYNLAB International GmbH (Germany), Bio-Reference Laboratories Inc. (USA), Clinical Reference Laboratory, Inc. (CRL) (USA), ACM Medical Laboratory (USA).) And Adicon Clinical Laboratory (China).

Highlights of the research report:

  • Overview of key market forces that drive and constrain market growth.
  • Updated analysis of market trends and technological improvements.
  • Exact analysis of competitive dynamics in the market to give you a competitive advantage
  • A review of main competitor strategies.
  • A series of graphics and SWOT analysis of the main segments of the industry.
  • Detailed analysis of industry trends.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Type of Customer                    

                              5.1.1 Introduction           

                              5.1.2 Physician  

                              5.1.3 Provider   

                              5.1.4 Hospital    

                              5.1.5 Employer 

                              5.1.6 Health Plan             

                              5.1.7 MCO         

                              5.1.8 Government           

                              5.1.9 ACO           

                              5.1.10 IDN         

                              5.1.11 Patient   

                              5.1.5  Y-o-Y Growth Analysis, By Type of Customer           

                              5.1.6  Market Attractiveness Analysis, By Type of Customer          

                              5.1.7  Market Share Analysis, By Type of Customer           

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Type of Customer

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Type of Customer

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Type of Customer

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Athersys                      

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Laboratory Corporation of America Holdings (Lab Corp.)                       

               8.3 Quest Diagnostics Incorporated                       

               8.4 Eurofins Scientific                   

               8.5 Spectra Laboratories Inc.                     

               8.6 Unilabs                        

               8.7 SYNLAB International GmbH               

               8.8 Bio-Reference Laboratories Inc.                        

               8.9 Clinical Reference Laboratory, Inc.                   

               8.10 ACM Medical Laboratory                   

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global ,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of market by type of customer ,by geography along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Cholestrol Testing Services Market By Region, From 2018-2023 ( USD Billion )
  2. Global Cholestrol Testing Services Market By Type of Customer, From 2018-2023 ( USD Billion )
  3. Global Physician Market By Region, From 2018-2023 ( USD Billion )
  4. Global Provider Market By Region, From 2018-2023 ( USD Billion )
  5. Global Hospital Market By Region, From 2018-2023 ( USD Billion )
  6. Global Employer Market By Region, From 2018-2023 ( USD Billion )
  7. Global Health Plan Market By Region, From 2018-2023 ( USD Billion )
  8. Global MCO Market By Region, From 2018-2023 ( USD Billion )
  9. Global Government Market By Region, From 2018-2023 ( USD Billion )
  10. Global ACO Market By Region, From 2018-2023 ( USD Billion )
  11. Global IDN Market By Region, From 2018-2023 ( USD Billion )
  12. Global Patient Market By Region, From 2018-2023 ( USD Billion )

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