A cholesterol test kit enables one to monitor to measure the level of lipids or fats periodically, thus, alarming them to undertake the necessary actions. A cholesterol test determines the number of lipoproteins prevailing in the bloodstream. A rise in sedentary lifestyle has resulted in an occurrence of numerous ailments such as obesity and cardiovascular diseases. An increasing prevalence of these diseases has raised health concerns among the geriatric population and have demonstrated a potential demand for early diagnostics and preventive measures. This is a major factor driving the growth of the cholesterol test kits market.
“The cholesterol test kit market is set to grow at an exponential rate, due to the growing instance of cardiovascular diseases, rising preventive healthcare programs, growth in geriatric population, and the altering healthcare industry dynamics. Market players are keen on capitalizing on the increasing demand for elective cholesterol tests kits and are majorly investing in research and development activities.”
Based on the end user, the cholesterol test kits market has been categorized into hospital settings and self-tests. Cholesterol test kits are highly non-invasive and therefore it is becoming popular among the aged population. This has propelled the rising acceptance of self-test devices among the aged population. The home test kits have eliminated the need to visit a doctor and it generated results within a few minutes. The cholesterol home test kits have been widely accepted and have become an effective and highly convenient way to test cholesterol levels. However, the high cost of these devices is affecting the market’s growth in the developing countries of the Asia Pacific region.
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Also, government initiatives such as WISEWOMAN and Lipid Standardization Program has rendered necessary education and awareness related to the adverse effects of high cholesterol level. These programs are keen on conducting campaigns and training about the use of cholesterol test kits to the medical practitioners. Attributed to all these factors, the cholesterol testing products are gaining popularity in the global market and are anticipated to witness significant growth during the forecast period. Expanding acceptance of precautionary healthcare measures is further boosting cholesterol home/self-testing market.
Cholesterol test kits market has been categorized into North America, Europe, Latin America, the Middle East & Africa, and the Asia Pacific based on the regional segmentation. The changing market dynamics can be attributed to major merger and acquisition activities, collaborations and joint ventures amongst the industry competitors. North America has witnessed major technological advancements for the comprehensive results screening analytics and the wide-spread progressions made in the lab testing services. Most of the dominating players have found their headquarters in North America and the rest of U.S.A. All these factors are driving the growth of cholesterol tests kits market in the North America region.
Some of the key players operating in the global market include Quest, PTS Diagnostics, ZCALSON, Alere, BeneCheck, Bioptik, Roche, Beckman Coulter, ACON, Accutech, and Akers Biosciences among others.
Development of new products has been estimated to completely transform the market dynamics over the forecast period. The competitive scenario of the market has established that the key players will continue to focus their efforts on product innovation in order to attract their target consumers. In the year 2016, Alere and BioIQ entered into a collaboration to develop a software platform for point of care lipid profile results for corporate employees. It has incorporated advanced technologies such as Alere Cholestech and SoftSuite Dx, which has proliferated the growth of cholesterol testing market.
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