Cholesterol Test Market Estimated Growth Potential Through 2023-2032

The Cholesterol Test Global Market Report 2023 by The Business Research Company, provides cholesterol testmarket overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Cholesterol Test Global Market Report 2023, the market size is expected to grow from$7.55 billion in 2022 to $8.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of cholesterol test market is expected to reach $11.57 billion in 2027 at a CAGR of 8.6%.

The rise in the prevalence of cardiovascular diseases is expected to propel the growth of the cholesterol test market. Cardiovascular diseases (CVDs) are a category of heart and blood vessel disorders, including coronary heart disease, stroke, peripheral arterial disease, aortic disease, and other conditions. A cholesterol test provides individuals and doctors with vital information about the chance of developing heart disease.

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The cholesterol testmarket 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

Technological advancement is a key trend gaining popularity in the cholesterol test market. Major companies and research institutes focus on developing innovative solutions for cheaper, more efficient, and advanced cholesterol testing. For instance, in November 2022, Ural Federal University (UrFU), a Russian-based education and research institute, introduced a microfluidic chip, a sensor device for measuring blood cholesterol levels, where all system elements are integrated, is printed on a 3D printer. The new technique used in the sensor requires a minimal volume of blood to identify cholesterol levels, where blood is placed in an analyzing chip containing an acetonitrile-based copper chloride solution. This chip includes an electrode connected to a voltametric analyzer, which provides the analysis results quicker using magnetic nanoparticles with polymers with molecular imprints that preferentially absorb cholesterol that filter out other blood elements necessary for blood composition.

 

The cholesterol testmarket report table of contents includes:

1. Executive Summary
2. Cholesterol Test Market Characteristics
3. Cholesterol Test Market Trends And Strategies
4. Cholesterol Test Market – Macro Economic Scenario
5.Global Cholesterol Test Historic Market Size and Growth

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32. Global Cholesterol Test Market Competitive Benchmarking
33. Global Cholesterol Test Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cholesterol Test Market
35. Cholesterol Test Market Future Outlook and Potential Analysis
36. Appendix

 

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