The prevalence of sedentary lifestyles of people is expected to boost
the demand for cholesterol lab testing services worldwide.
Cholesterol is a waxy, fat-like substance present in the bloodstream,
nerve fibers, and bodily organs. A person’s level of cholesterol is
determined by factors such as heredity, consumption of food with high
amounts of saturated fats (for example, animal products), and
metabolic conditions such as diabetes, age, gender, and so on. In
2008, about 39% of adults aged 25 and above were diagnosed with high
cholesterol levels, according to the World Health Organization
(WHO).
The report incorporates complete information about the factors
driving market growth as well as those restricting it. The key
trends, opportunities, and leading segments of the present and
projected periods have been studied. The major players in the global
market for cholesterol lab testing services have been analyzed,
wherein their market shares, key market strategies, recent
developments, and product portfolios are discussed.
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Raised cholesterol levels pose health hazards such as heightened risk
of stroke and heart diseases, accounting for a large number of
deaths. Cholesterol lab testing services enable early detection of
problems, preventing complications and raising the survival chances
of patients. This is expected to fuel the growth of the cholesterol
lab testing services market.
Some other major growth drivers of the market are gradual awareness
about the dangers posed by cholesterol and education about the
importance of these tests, rising incidence of cardiovascular
diseases, stroke, and other heart diseases, growing healthcare
expenditure, government initiatives, increasing geriatric population,
and technological advancements in the area of cholesterol lab testing
services. Low fruit and vegetable intake, unhealthy eating habits
such as preference for convenience foods and fast foods, and lack of
physical inactivity have also been driving the growth of this
market.
As the deposits of cholesterol layer up the inner lining of arteries,
atherosclerosis is developed. Obesity is another condition related to
high cholesterol levels. As the number of such cholesterol-induced
diseases increases, the need for these tests will also increase,
thereby expanding the market for global cholesterol lab testing
services.
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On the contrary, the presence of home or self-testing kits might
hinder growth, apart from the restriction imposed by the introduction
of non-invasive cholesterol testing procedures.
Based on geography, the global market for cholesterol lab testing
services can be segmented into Europe, North America, Asia Pacific,
and the Rest of the World. North America is slated to emerge as a key
market over the forecast period, with the U.S. at the lead. However,
Europe also has a great potential for expansion, due to high number
of people with high cholesterol.
Asia Pacific is also expected to expand at a significant rate,
displaying a promising CAGR during the forecast period. The growth of
this region can be attributed to the rising number of cholesterol lab
testing services, ever-increasing population, higher incidence of
cardiovascular diseases, and increase in healthcare expenditure.
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Some of the major companies operating in the market for cholesterol
lab testing services are Eurofins Scientific, SYNLAB International
GmbH, Laboratory Corporation of America Holdings (LabCorp), Spectra
Laboratories Inc., and Quest Diagnostics Incorporated. A new service
was introduced by Quest Diagnostics in November 2016. Under this
service – called QuestDirect, patients can manage their health more
efficiently through self-tests, wherein a physician is not required
to conduct tests.
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