The Cholesterol Test Global Market Report 2023, provides comprehensive information on the cholesterol test market 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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The global cholesterol test 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%.
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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 test market 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
North America was the largest region in the cholesterol test market in 2022.
The table of contents in TBRC’s cholesterol test market report includes:
- Executive Summary
- Cholesterol Test Market Characteristics
- Cholesterol Test Market Trends And Strategies
- Cholesterol Test Market – Macro Economic Scenario
- Cholesterol Test Market Segmentation
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- Global Cholesterol Test Market Competitive Benchmarking
- Global Cholesterol Test Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cholesterol Test Market
- Cholesterol Test Market Future Outlook and Potential Analysis
- Appendix
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