Cholesterol and Other Cardiovascular Tests: A Global Strategic Business Report
San Jose, CA (PRWEB) October 30, 2008
Cholesterol testing is fast gaining ground as the basic and most important marker for assessing the risk of heart disease, the number one killer. Various studies have proven the link between increased risk of cardiovascular disease (CVD) and abnormally high levels of cholesterol or lipid disorders. Rising levels of awareness and growing health consciousness among adults and at-risk patient population is contributing to increased frequency of cholesterol testing. A noticeable trend is the emergence of home cholesterol test kits, which are available as over the counter products.
Technological innovations are making these kits more reliable, fast, easy to use, and cost effective, compared to laboratory testing, thus explaining the significant growth for this category. On the other hand, several new variants of cardiovascular and other tests, such as homocysteine tests are seeing the light of the day, promising more clarity in CVD risk assessment. All this translates into burgeoning potential for makers of cholesterol testing devices, clinics offering testing services. Vast potential of population remains untapped, thus promising growth opportunities for existing players, as well as new entrants.
United States, Europe, and Asia-Pacific dominate the global cholesterol and other cardiovascular tests market, accounting for more than 75% of the test volume for 2008, as stated by Global Industry Analysts, Inc. Among the markets with promising growth, Asia-Pacific is expected to experience rapid growth, due to increasing incidence/prevalence of heart diseases in the region. Lipid panel tests represent the leading product category in terms of volume sales. The lipid panel tests market in the United States is projected to reach 234 million units by the year 2012.
France, Germany, Italy, United Kingdom and Spain account for about 80% share of the testing volume in Europe for 2008. Analyzing the European market by test type, newly emerging tests, apolipoprotein B and other apolipoprotein tests are gaining momentum. Apolipoprotein B test market in Europe is estimated at 19.9 million units in 2008.
Key players profiled in the report include AccuTech LLC, Axis-Shield Plc, Beckman Coulter Inc., F. Hoffmann-La Roche Ltd, Home Access Health Corporation, Inverness Medical Innovations Inc., Biosite, Cholestech Corporation, Polymer Technology Systems Inc., and Siemens Healthcare Diagnostics Inc.
The report, titled "Cholesterol and Other Cardiovascular Tests: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent product introductions/innovations, developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the study include Lipid Panel Test/Complete Lipid Profile, Total Cholesterol Test, HDL Cholesterol Test, Apolipoprotein B, and Other Apolipoprotein Tests. Analysis is presented in terms of tests volume for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, and Latin America, for the period 2000-2015.
For more details of this research report, please visit http://www.strategyr.com/Cholesterol_and_Other_Cardiovascular_Testing_Market_Report.asp.
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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