Top Industry Players in the Cholesterol Testing Services Market
Cholesterol Testing Services Market by Type of Customer (Physician/Provider, Hospital, Employer, Health Plan, MCO, Government, ACO, IDN, Patient), Geography (North America, Europe) & Qualitative Assessment
(firmenpresse) -
Key Players in the Cholesterol Testing Services Market Pursue Acquisitions, Expansions, Investments, Agreements, and Service Launches as their key Growth Strategies
The cholesterol testing services market is highly fragmented with a large number of big and small players.
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Laboratory Corporation of America Holdings (LabCorp) (U.S.) is among the leading players in the cholesterol testing services market. The company’s dominance in the market can be attributed to its strong brand image, robust product portfolio, exhaustive service offerings, and extensive geographical presence. The company majorly focuses on inorganic growth strategies such as acquisitions to maintain and enhance its leading position in the market
Furthermore, Quest Diagnostics Incorporated (U.S.) is also one of the leading players in this market. To strengthen its position in the market, the company focuses on adopting both organic as well as inorganic growth strategies. In November 2016, the company launched the QuestDirect, a new patient-initiated testing service in the U.S. This new service will allow customers to better manage their health by ordering certain lab tests directly without any physician intervention, thus strengthening the patient-initiated cholesterol testing services segment for the company.
Prominent players in the cholesterol testing services market include Laboratory Corporation of America Holdings (LabCorp) (U.S.), Quest Diagnostics Incorporated (U.S.), Eurofins Scientific (Luxembourg), Unilabs (Switzerland), Spectra Laboratories Inc. (U.S.), SYNLAB International GmbH (Germany), Bio-Reference Laboratories Inc. (U.S.), Clinical Reference Laboratory, Inc. (CRL) (U.S.), ACM Medical Laboratory (U.S.), and Adicon Clinical Laboratory (China)
The global cholesterol testing services market is expected to reach USD 17.57 Billion by 2021 from an estimated value of USD 11.96 Billion in 2016, growing at a CAGR of 8% during the forecast period.
The cholesterol testing market is driven by factors such as increasing incidence of cardiovascular diseases and obesity, physician preference of laboratory testing rather self-testing, government initiatives to improve quality of testing, and rapid growth in the geriatric population are propelling the growth of this market.
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Datum: 14.05.2019 - 13:53 Uhr
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