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Cholesterol Screening/ Cholesterol Lab Testing Services Market by Type of Customer, Geography & Qualitative Assessment - Forecasts to 2021

Cholesterol Screening/ Cholesterol Lab Testing Services Market: Forecasts until 2021

  • January 2017
  • 139 pages
  • ID: 4666427
In this report:
The growth rate of prices of cholesterol testing services in the European region is expected to decrease by ~##% during 2016-2021 due to increasing focus towards regular cholesterol screenings and intensifying competition.
North America is estimated to hold the largest share of ~##% of the global cholesterol testing services market in 2016, and is expected to register a CAGR of ##.##% during the forecast period.

Summary

Table of Contents

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The overall cholesterol testing services market is forecasted to reach $17.50B by 2021 from $11.90B in 2016, increasing at a compound annual growth rate (CAGR) of 8% during the forecast horizon. This industry is divided on the basis of type of customer and area. Established on type of customer, the sector is divided into physicians/providers and hospitals; employers, health plans, and Managed Care Organizations ; government agencies, Accountable Care Organizations, and Integrated Delivery Networks ; and patients. Established on area, the cholesterol testing services market is divided into north america, Europe (EU), Asia continent, and the Rest of the globe.

Elements such as growing incidence of cardiovascular diseases and obesity, physician preference of laboratory testing rather self-testing, increasing awareness and adoption of preventive healthcare, government actions to enhance the quality of testing, and fast growth in the geriatric population are propelling the rise of this market. Furthermore, emerging economies and patient-driven testing services are anticipated to offer high potential for increase during the estimate period. On the other hand, quickly increasing home/self-testing and emergence of noninvasive cholesterol testing methods are the main factors that may limit the rise of the market to a certain extent.

In 2016, North America (NA) is expected to account for the biggest share of the overall cholesterol testing services market. In North America continent, the U.S.A is a main market for cholesterol testing service providers. North America's dominance in the industry can be accredited to the growth in Clinical Laboratory Improvement Amendments waivers for certain diagnostic tests, increasing geriatric population, rising efforts by ACOs for population health management and early disease intervention, and the presence of leading market actors in the territory.

Nevertheless, Asia area is forecasted to be the quickest-increasing area during the outlook period. Elements such as high population, rised prevalence of cardiovascular diseases, and increasing number of testing facilities in the Asian area are driving the increase of this market.

Segment Research

Apart from comprehensive geographical review, service study, and sizing of market, the analysis also offers cost structure & pricing review, reimbursement scenario, market share review and opposing landscape that cover increase strategies approved by sector actors in the last three years. Also, the corporation reviews include basic views on the top players and their products review, core competencies, advancements, and strategies approved. The above-mentioned segment research data, current market sizes, and projection of future trends will facilitate top players and new sector entrants make informed decisions regarding service offerings, spatial focus, changes in strategic way, cost structure and pricing review, Research and development investments for modernizations in services and technologies and levels of output in order to remain profitable.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations collect greater segment market share. Companies obtaining the industry report can use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the service offerings of top actors in the cholesterol testing services market. The analysis examines this sector by type of customer and area

- Service Development/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and new service launches in the cholesterol testing services market

- Opposing assessment: In-depth assessment of market strategies, geographical and industry segments, and service portfolios of the leading actors in the cholesterol testing services market

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the sector for cholesterol testing services across localities.

- Industry diversification: Complete information about new services, untapped areas, recent evolutions, and market investments in the cholesterol testing services market

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