Low Density Lipoprotein Test Market Overview 2030
Low density lipoprotein is one of the five groups of lipoprotein which transport all fat molecules around the body in the extracellular fluid. This lipoprotein help in marking fats available to body cell for receptor mediated endocytosis. Extra low density lipoprotein is known as bad cholesterol because it builds up fat in arteries. This causes narrowing of blood vessels and increase risk of heart attack, stroke, and peripheral artery diseases. Reagents, testing devices, and testing kits are used in diagnosis of low density lipoprotein in blood vessels. For example, N-geneous LDL cholesterol calibrator is the test which is can be used in determination of bad cholesterol. Low density lipoprotein test acts as by determining pathogenesis of atherosclerosis and coronary heart diseases.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
At the early phase of COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the disease in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups from various countries utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global market. These players achieved edge over other diagnostics players capitalizing the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis. Owing to such factors, COVID-19 is expected to have a significant impact on the low density lipoprotein test market.
Top Impacting Factors
- Rise in prevalence of cardiovascular diseases, increase in patient pool suffering from obesity, surge in demand for early diagnosis of diseases, patient history with early heart attack, rise in cases of high cholesterol level, and surge in geriatric population across the globe are the major factors that drive growth of low density lipoprotein test market.
- In addition, increase in investment on healthcare sectors, rise in demand for effective diagnostic tests, advantages associated with low density lipoprotein test such as detection of atherosclerosis, rise in usage of cardiovascular treatment procedures, emerging economies in developing countries, and favourable reimbursement policies by government are the factors that boost the growth of low density lipoprotein test market.
- However, high cost associated with diagnostic test hinder the growth of market.
- Contrarily, growth opportunities in emerging markets is expected to offer lucrative opportunities for the expansion of the market.
Market Trends
New Business Expansion Initiatives by Key Market Players
In 2019, Randox Laboratories Ltd. announced launch of new website about information of their diagnostic test. Patient can book their appointment through website and help to spread awareness of their diagnostic test including low density lipoprotein test.
In 2018, Laboratory Corporation of America announced launch of their app for iPhone. This app help patient to check their medical data and book appointments for their diagnostic tests.
Key Benefits of the Report
- This study presents the analytical depiction of low density lipoprotein test market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the low density lipoprotein test market share.
- The current market is quantitatively analyzed to highlight the low density lipoprotein test market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Low Density Lipoprotein (LDL) test Market Report
- Which are the leading players active in the low density lipoprotein test market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is "low density lipoprotein test"?
- What is "low density lipoprotein test" market prediction in the future?
- Who are the leading global players in the "low density lipoprotein test" market?
- What are the current trends and predicted trends?
- What are the key benefits of the "low density lipoprotein test" market report?
Low Density Lipoprotein (LDL) Test Market Report Highlights
| Aspects | Details |
 By Component |
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 By Disease Type |
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 By End User |
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 By Region |
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 Key Market Players | Quest Diagnostics Inc., Myriad Genetics Inc., OPKO Health Inc., Eurofins Scientific, Bio-Rad Laboratories Inc., DiaSorin S.p.A., Danaher Corporation, Boster Biological Technology, Ltd., Rockland Immunochemicals Inc., Abbott Laboratories, Randox Laboratories Ltd., Lincoln Diagnostics LLC |
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