Market overview

The global cholesterol testing products market achieved a substantial milestone, surging to a value of US$ 8.5 billion in 2022. Anticipating a trajectory of remarkable expansion, the market is poised to ascend to even greater heights, potentially reaching a staggering US$ 15.9 billion by the year 2030. This projection reflects a compelling compound annual growth rate (CAGR) of 8.3% throughout the forecast period spanning from 2023 to 2030.

Cholesterol testing products encompass an array of essential medical tools, including medical devices, test kits, reagents, and consumables. Their pivotal role lies in facilitating the precise measurement and continuous monitoring of cholesterol levels within the bloodstream. Elevated cholesterol levels in the circulatory system can significantly amplify the susceptibility to debilitating cardiovascular ailments, notably encompassing heart attacks and strokes.

These instrumental products assume paramount significance within the healthcare domain, as they furnish healthcare providers with the means to meticulously gauge and track cholesterol levels among individuals either afflicted by or predisposed to cardiovascular disorders. Through the application of these products, healthcare professionals can offer a proactive approach to managing and mitigating the risk factors associated with cardiovascular diseases.

Photo from: Mordor Intelligence

Market Analysis and Insights: Europe Cholesterol Testing Market

The integration of a comprehensive cholesterol and lipids test stands out as a prevalent method for evaluating one's overall cardiovascular well-being. Elevated levels of LDL-cholesterol and triglycerides have established connections to a spectrum of heart-related conditions, encompassing coronary heart disease, stroke, peripheral artery disease, and atherosclerosis. Furthermore, these elevated lipid levels have been associated with hypertension and type II diabetes.

Engaging in consistent monitoring of your blood cholesterol and effectively managing high cholesterol levels can play a pivotal role in mitigating the risk of these disorders. By taking proactive steps to monitor and regulate cholesterol levels, you can significantly contribute to reducing your vulnerability to these serious health conditions.

European market capacity

The cholesterol testing market in Europe is poised for substantial growth during the forecast period from 2020 to 2027. A comprehensive analysis conducted by Data Bridge Market Research indicates a projected compound annual growth rate (CAGR) of 6.4% for the aforementioned period. This forecasted expansion reflects a promising trend in the market's trajectory.

European market trends

The figures presented illustrate the fluctuating popularity trends of search terms within a particular region and timeframe. The zenith of the graph serves as the reference point for comparison, with a value of 100 denoting the peak popularity of the term at that specific moment. A score of 50 indicates that the term's popularity is half of the maximum point, while a score of 0 signifies that there is inadequate data to gauge the term's popularity. This data provides insights into the ebb and flow of search term interest over time.

 Market competition

As per the analysis conducted through Google advertising, the market landscape exhibits a high level of competition. Surprisingly, there are no prominent brands that have achieved significant sales within this market. This situation characterizes the market as relatively undeveloped and lacking in substantial competition.

 Segment overview

The Global Cholesterol Testing Products Market is segmented based on product, test type, end-user, and region.

Cholesterol test market by test type

cholesterol test market is segregated into total cholesterol test, high-density lipoprotein (HDL) cholesterol, low-density lipoprotein (LDL) cholesterol and triglycerides/VLDL cholesterol test. The total cholesterol test segment dominated the global market in 2021, and is anticipated to continue this trend during the forecast period. This is attributed to increase in awareness of routine cholesterol testing and treatment, as well as the sedentary lifestyle that contributes to the development of many diseases, including diabetes drives the growth of the market.  

Cholesterol test market by product analysis

Based on product type, the market is segmented into test kit, test strip and others. The test kit segment dominated the global market in 2021, and is expected to remain dominant throughout the forecast period, owing to increase in adoption of cholesterol test kit by health-conscious customers to check cholesterol level and availability of cholesterol test kits in the market by various key players. In addition, Moreover, excessive alcohol consumption, smoking, eating full-fat dairy products, and eating fatty meat cuts can all increase one's total cholesterol level, which encourages the use of cholesterol kits.

Cholesterol test market by end user

By end user the market is classified into hospitals, diagnostic centers, and others. The diagnostic center held the largest market share in 2021, and is expected to remain dominant throughout the forecast period, owing to diagnostic center performs various tests to determine the cause of the condition. There are different types of labs within this category, including radiology & MRI centers, imaging centers and pathology labs. A diagnostic center has a qualified medical staff to handle health issues and the center also have experienced and skilled radiologists, pathologists, surgeons, and other medical professionals which further propel the segment growth. 

Cholesterol test market by region

The cholesterol test market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the cholesterol test market in 2021, and is expected to maintain its dominance during the forecast period. 

Key factors drive the growth of the market are substantial presence of major pharmaceutical and biopharmaceutical companies in the North American region. Additionally, it is anticipated that rising demand for preventative healthcare further boost the market growth. Moreover, increasing government and private sector efforts to promote healthy lifestyles are anticipated to fuel market expansion in the region during the forecast period. In addition, presence of well-established healthcare infrastructure, high purchasing power, and rise in adoption rate of cholesterol test products are expected to drive the market growth. Moreover, increase in prevalence of cardiovascular disease in the region as well as rise in awareness about the disease prevention among people lead to rise in demand for the cholesterol test, and further boost the growth of the market. 

The Medasia cholesterol meter presents a user-centric array of features that lend themselves to seamless cholesterol level management, all bundled at a remarkably competitive price point. This sophisticated device streamlines the process of monitoring cholesterol levels, contributing to a more convenient and effective approach to cholesterol care. Its user-friendly attributes empower individuals to take charge of their health with greater ease, fostering a proactive stance towards managing cholesterol.

FREQUENTLY ASKED QUESTIONS?

Q1: What are the upcoming trends of cholesterol test market in the world?

A:  The upcoming trends of cholesterol test market are decrease in physical activities, growing preference for preventive healthcare and demand for better cholesterol management.

Q2: What is the leading application of cholesterol test market?

A: Heart disease is the leading application of Cholesterol Test Market.

Q3: Which is the largest regional market for cholesterol test?

PS: If you want my team to OEM your own cholesterol meter, please contact insights@medasiagroup.com 

For a deeper understanding of this product, we encourage you to explore this article The Essential Cholesterol Meter: Pathway to Heart Health