Cholesterol Testing Services MarketSize and Trends
The global cholesterol testing services market was valued US$ 21.60 Bn in 2023 and is expected to reach US$ 39.66 Bn by 2031 growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Global Cholesterol Testing Services Market Trends:
- Market consolidation through mergers and acquisitions: The cholesterol testing services market has seen significant consolidation over the past few years through various mergers and acquisitions. Large diagnostic companies have been acquiring smaller laboratories to expand their reach and testing capabilities. For instance, in November 2022, Quest Diagnostics, a global provider of diagnostic information services, announced the acquisition of select assets of LabCare Plus,cthe outreach laboratory services business of Summa Health, a large integrated health system. This acquisition will broaden Quest Diagnostic’s access to diagnostic innovation and insights, empowering better health outcomes for more communities.