Global Lipid Panel Testing Market, By Application (Hyperlipidemia, Hypertriglyceridemia, Familial Hypercholesterolemia, Hypolipoproteinaemia, Tangier Disease), End Uses (Home Based Testing Kits, Diagnostic Laboratories, Hospitals, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The lipid panel testing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.23% in the forecast period of 2021 to 2028 and is further estimated to reach 640.69 USD million by 2028. The growing number of cases of dyslipidemia, cardiovascular diseases, and hypertension will help in escalating the growth of the lipid panel testing market.
Lipid panel test (LPT) or total lipid profile allows the diagnosis of lipid disorders coupled with the risk for CHDs. There is a high connection between the coronary heart diseases (CHD) with abnormal lipid levels. The test gives value for serum lipids such as total cholesterol, TG, HDL cholesterol, and VLDL.LPT market which incorporates the diagnostic services coupled with the equipment and consumables such as analyzers, integrated systems, and lipid profile cassettes.
Major factors that are expected to boost the growth of the lipid panel testing market in the forecast period are the increase in the elderly population across the world and the rise in the incidences of hypertension. Furthermore, the increase in the demand for high-level quality medical services and the technological development and advancement in the lipid panel testing are couple of factors further propelling the growth of the lipid panel testing market.
On the other hand, the increase in the healthcare expenses and the decrease in the profits for the operator are some of the other factors further anticipated to impede the growth of the lipid panel testing market in the near future.
This lipid panel testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the lipid panel testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lipid Panel Testing Market Scope and Market Size
The lipid panel testing market is segmented on the basis of application and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of application, the lipid panel testing market is segmented into hyperlipidemia, hypertriglyceridemia, familial hypercholesterolemia, hyperlipoproteinemia, tangier disease.
- On the basis of end uses, the lipid panel testing market is segmented into home based testing kits, diagnostic laboratories, hospitals, others
Lipid Panel Testing Market Country Level Analysis
The lipid panel testing market is analysed and market size insights and trends are provided by country, application and end users as referenced above.
The countries covered in the lipid panel testing market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the lipid panel testing market due to the occurrence of suitable guidelines and initiatives taken by the government regarding the development of healthcare infrastructure. Furthermore, the increase in the incidences of the diseases will further boost the growth of the lipid panel testing market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the lipid panel testing market due to the beneficial governing landscape. Moreover, the rise in the prevalence of cardiovascular diseases and diabetes which is further anticipated to propel the growth of the lipid panel testing market in the region in the coming years.
The country section of the lipid panel testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The lipid panel testing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for lipid panel testing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the lipid panel testing market. The data is available for historic period 2010-2019.
Competitive Landscape and Lipid Panel Testing Market Share Analysis
The lipid panel testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lipid panel testing market.
The major players covered in the lipid panel testing market report are Abbott, AccuTech, LLC, Avanti Polar Lipids., Beckman Coulter, Inc., F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc., Eurofins Scientific., Boston Heart Diagnostics Corporation, Laboratory Corporation of America Holdings., PTS Diagnostics, Quest Diagnostics Incorporated., Randox Laboratories Ltd., Siemens, Sonora Quest Laboratories, SpectraCell Laboratories, Inc., Cleveland HeartLab, Inc, Beaumont Health, WellnessFX, InOut Labs, Thermo Fisher Scientific Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Lipid Panel Testing Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.