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Global Cholesterol Testing Devices Market 2018-2022

  • Published: Aug 2018
  • Pages: 101
  • SKU: IRTNTR23566
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The global cholesterol testing devices market is forecasted to grow to more than USD 5.4 billion by 2022. Wondering how to make the most of this booming industry? Technavio’s comprehensive industry research report presents a detailed overview that will allow you to take full advantage of the opportunities available to you. This study provides an in-depth analysis of the market by end-user type (hospitals, home healthcare, and others), and by region (the Americas, EMEA, and APAC). It also examines the competitive landscape and key market players that include Abaxis, Abbott, and ACON Laboratories.

Want to know what type of information to expect from this report? The infographic below contains a selection of facts about cholesterol test procedure and devices. Find out more below!

The global cholesterol testing devices market is expected to expand at a CAGR of almost 7% during the forecast period

Cholesterol testing devices industry growth is expected to accelerate over the next five years, driven by countries around the world. While the Americas will drive the largest growth of over more than 40%, EMEA and APAC are also expected to make significant contributions to the incremental growth in the forecast period. The Americas held the largest market share in 2017, followed by EMEA and APAC. However, APAC region is forecasted to generate a higher incremental growth than EMEA at the end of the forecast period. Technavio’s cholesterol testing devices industry analysis reveals promising markets around the world.

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Hospitals are the leading segment in the market by end-user with a revenue share of over 48%

The leading segment in the market by end-user are hospitals, and this segment is expected to continue their dominance over the forecast period. This segment is followed by home healthcare and others. The growing occurrence of chronic and lifestyle-based disorders require accurate cholesterol test results, which is likely to contribute to the growth of the market. The rising rates of cardiovascular disease across the globe is a leading cause of death and cholesterol test procedure plays a vital role in diagnosing such disorders at an early stage.

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Abaxis, Abbott, and ACON Laboratories are among leading vendors in the cholesterol testing devices market

As the cholesterol testing devices industry continues to grow, there is greater emphasis being placed on cholesterol test results by medical practitioners. According to CDC, over 750,000 hospitalizations take place every year and around 130,000 deaths take place annually due to cardiovascular disease. The number of incidences of cardiovascular disease is on the rising owing to factors such as urbanization, diabetes, alcohol and tobacco consumption. The growing cases of cardiovascular disorders calls for increased adoption of the best cholesterol test procedure and devices to achieve accurate cholesterol test results. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their competitors.

This report offers a complete analysis of several companies, including:

  • Abaxis
  • Abbott
  • ACON Laboratories
  • Akers Biosciences
  • F. Hoffmann-La Roche

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • Hospitals – Market size and forecast 2017-2022
  • Home healthcare – Market size and forecast 2017-2022
  • Others – Market size and forecast 2017-2022
  • Market opportunity by end-user

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Launch of innovative products
  • Increased online presence of vendors
  • Increased M&A

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Abaxis
  • Abbott
  • ACON Laboratories
  • Akers Biosciences
  • F. Hoffmann-La Roche

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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