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The cholesterol testing services industry is highly competitive, marked by several players striving for market dominance. Providers offer comprehensive testing services with improved efficiency and affordability. This includes advancements in reading, materials used, data reporting, sensor design, and customization. Competition is driven by factors such as the quality, reliability, performance, cost, and compliance with regulatory standards. Strategic partnerships with companies and healthcare networks play a crucial role in market positioning.
Some of the eminent market participants operating in the cholesterol testing services industry include:
Abbott Laboratories, Accu Reference Medical Lab, LLC, Atherotech Diagnostics Lab, Bio-Reference Laboratories, Inc., Boston Heart Diagnostics Corporation, Cell Biolabs Inc., Clinical Reference Laboratory, Inc., Eurofins Scientific, Mayo Clinic Laboratories, and Quest Diagnostics Incorporated
U.S. cholesterol testing services market is anticipated to grow at 7.8% CAGR during 2024 to 2032, attributed to the rising prevalence of cardiovascular diseases.
The total cholesterol tests segment in the total cholesterol testing services market will generate USD 14.4 billion by 2032, driven by the comprehensive measure of the total amount of cholesterol present in the blood.
The market valuation of cholesterol testing services was reached USD 20.5 billion in 2023 and is estimated to grow at 8.1% CAGR from 2024 to 2032, owing to the growing awareness of preventive healthcare.