Market Overview

Global Cholesterol Testing Devices Market 2018-2022 | Launch of Innovative Products to Boost Demand | Technavio


The global cholesterol testing devices market 2018-2022 is expected to
post a CAGR of close to 7% during the forecast period, according to the
latest market research report by Technavio.

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Technavio has published a new market research report on the global cholesterol testing devices marke ...

Technavio has published a new market research report on the global cholesterol testing devices market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is a high incidence of
CVDs. The disease burden of CVD in the European region is more than
acquired immune deficiency syndrome (AIDS), tuberculosis, and malaria
combined. Factors such as globalization, urbanization, diabetes, alcohol
consumption, and tobacco consumption contribute to the rising number of
CVD cases.

This market research report on the global
cholesterol testing devices market 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

In this report, Technavio highlights the launch of innovative products
as one of the key emerging trends in the global cholesterol testing
devices market.

Global cholesterol testing devices market:
Launch of innovative products

Vendors in the market are offering products with improved features and
manufacturing standards to create their mark in the market. Improved
product features allow the retention of existing customers and also
attracts prospective consumers. For instance, Piccolo Xpress by Abaxis
is an analyzer, which provides real-time blood chemistry diagnostic
information for patients and care providers. It is equipped with the
universal bus ports (USB) located on the back of the analyzers. These
ports are bi-directional and can be connected to the peripherals such as
barcode scanner, computer printer, keyboard or electronic medical record
(EMR) system/laboratory information system (LIS).

"The Piccolo Xpress analyzers can be used in a wide range of
applications including home care, hospitals, and diagnostic
applications. Such features contribute to the higher sales of the
product, leading to an increased market growth,"
says a senior
analyst at Technavio for research on life science research tools.

Global cholesterol testing devices market:
Segmentation analysis

This market research report segments the global cholesterol testing
devices market by end-user (hospitals and home health care) and
geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of around 40%,
followed by APAC, and EMEA respectively. The region was led by the US,
followed by Canada, and Brazil. Factors such as the high demand for
cholesterol testing devices, significant investments in healthcare
research in North America, and the incidence of CVDs drive the market
growth in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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