Global Lipid Panel Testing Market size was valued at USD xx million in 2019 and is expected to reach US $ xx million by 2026, at a CAGR of 22% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Lipid Panel Testing Market Definition
A lipid panel or lipid profile test assesses the risk for cardiovascular disease in a person. It is a combination of various blood tests, which is performed to measure the levels of 4 types of lipids in our blood such as total cholesterol, low-density lipoprotein cholesterol, high-density lipoprotein cholesterol, and triglycerides.
The report covers the current estimated and forecasted data for the Global Lipid Panel Testing Market on a global and regional level. The report provides an in-depth analysis of the Global Lipid Panel Testing Market for the period 2019 – 2026, wherein 2019 is the base year and the period from 2020 to 2026 is the forecast period.
The Global Lipid Panel Testing Market is segmented by Disease, End-User and Region. The report provides qualitative and quantitative insights on the lipid panel testing industry trends and a detailed analysis of the market size and growth rate of all segments in the market.
Global Lipid Panel Testing Market Dynamics
The lipid panel is used as part of a cardiac risk assessment to help determine risk of heart disease and to help make decisions about what treatment may be best if you have borderline risk, intermediate-risk, or high risk. Large numbers of laboratories conducting lipid testing are driving the global market. Automated, rapid and sensitive lipid testing procedure and the need for high-quality medical solutions are propelling the global market.
Global Lipid Panel Testing Market Segment Analysis
Global Lipid Panel Testing Market
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The hyperlipidemia segment commanded the largest market share of XX% by 2026.
Hyperlipidemia has no symptoms, so the only way to detect it is a lipid panel or a lipid profile. Cardiovascular disease caused over 18 million deaths in the world in 2005. Of these deaths, eight million (44%) occurred in people under 60 years of age and 80% took place in low- and middle-income countries. By 2015, World Health Organisation set a goal of reducing the global rate of death from chronic diseases by 2% each year. This situation led to creating future opportunity for the global market.
Diagnostic Laboratories conduct lipid panel tests in the diagnosis and treatment procedures.
Diagnostic laboratories play a significant role in the care continuum be it for diagnosis, prevention, monitoring or treatment. Large labs have successfully opened collection centres across the globe, including in the most backward districts, to enable them to serve the remotest populations suffering from cardiovascular disorders.
Laboratories across the globe are trying to adapt with automated lipid panel emerging that helps to overcome unmet biomedical research demands. The diagnostics industry accounts for 4–5% of total healthcare expenditure, use a lipid tests panel, which helps in delivering affordable diagnostic healthcare to a population, thus further contributing to the global lipid panel testing market.
Global Lipid Panel Testing Market Regional Analysis
Global Lipid Panel Testing Market 1
North America is expected to dominate the global lipid panel testing market in 2019 and may maintain its dominance in the forecast period.
Training and education of physicians, nursing staff and laboratory personnel is a major component of the regional activities of laboratories. These activities of closely linked laboratories with the creation of well-functioning consultation network help to grow the global lipid panel testing market in North America. The analysis of collected data from laboratories is particularly beneficial in the assessment of equipment and analyse the user experiences for their better reach. Coordination in services provided by private specialized laboratories as well as government laboratories to ensure consistent regional results level and maintain the high standard for the test results.
Global Lipid Panel Testing Market Scope
The objective of the report is to present a comprehensive analysis of the global lipid panel testing market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global lipid panel testing market dynamics, structure by analyzing the market segments and project the global lipid panel testing market clear representation of competitive analysis of key players by price, financial position, detection and equipment portfolio, growth strategies, and regional presence in the global lipid panel testing market make the report investor’s guide.
Global lipid panel testing market, Key Highlights:
• Global lipid panel testing market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global lipid panel testing market
• Global lipid panel testing market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global lipid panel testing market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global lipid panel testing market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global lipid panel testing market are also profiled.
Global Lipid Panel Testing Market Scope:
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Global Lipid Panel Testing Market 2
Global Lipid Panel Testing Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Lipid Panel Testing Market Key Players
• Abbott Laboratories
• Alere Inc.
• Avanti Polar Lipids Inc.
• Beckman Coulter Inc.
• EuroMedixPOC nv/sa
• F. Hoffmann-La Roche Ltd
• PTS Diagnostics
• Quest Diagnostics
• Randox Laboratories Ltd.
• Thermo Fisher Scientific Inc.
• Roche Diagnostics
• Samsung Electronics Corporation
• AccuTech LLC
• Eurofins Scientific
• Boston Heart Diagnostic Corporation
• Laboratory Corporation of American Holdongs
• Siemens Healthcare Private Limited
• Sonora Quest Laboratories
• SpectraCell Laboratories Inc
• Cleveland HeartLab Inc
• Bio-Rad Laboratories, Inc.
• Beaumont Health
• InOut Labs
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