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Lipid Panel Test Market Driven by Higher International Funding and Increasing Global Incidence of CHDs
The total lipid profile or lipid panel test (LPT) is conducted as a part of cardiac risk assessment to determine the level of risk for an individual to develop heart disease. Alongside precise diagnosis, the global lipid panel test market also helps physicians make decisions about the most suitable treatment for patients with borderline or high risk. Lipids are a group of fat or fat-like substances found in cells and are important sources of energy in the human body. Hence, monitoring and maintaining lipid levels is essential for healthy living.
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A lipid profile test or lipid panel test delivers values for serum lipids such as HDL, TG, cholesterol, VLDL, and total cholesterol. Rising incidence of coronary heart diseases (CHDs) and diabetes worldwide has significantly fuelled the frequency of lipid panel tests around the world. The global LPT market comprises diagnostic services as well as equipment and consumables such as integrated systems, lipid profile cassettes, and analyzers.
Other tests deployed to diagnose CHD risk include apolipoprotein B (apo B) test. Apolipoprotein B is a protein molecule and is a part of lipoproteins such as LDL and VLDL. An apo B test is primarily conducted under special circumstances together with routine lipid profile and Apo A, which helps diagnosticians investigate the level of risk for an individual to develop CHD.
High Prevalence of Coronary Heart Diseases Provides Scope for Growth of LPT Market
In the last few decades, growth potential of the global LPT market has grown by leaps and bounds. Demand for diagnosis and screening tests for the steadily increasing population with moderate to high risk of CHDs and the need to monitor them during the later stages chiefly contributes to the growth prospects of the global LPT market. The second crucial factor contributing to the growth of the market is the high demand for routine LPT diagnosis for keeping track of clinical and sub-clinical instances of lipid disorders. Lipid disorders bolster the chances of CHD, thereby necessitating prompt diagnosis through lipid profile or lipid panel tests. Furthermore, the middle-aged group in both men and women collectively constitutes the population at moderate to high risk of CHDs. The global LPT market thus has tremendous scope for growth if used as a preferred modality for prompt diagnosis of lipid.
The global lipid panel test market is segmented on the basis of application into several disease segments, which are hypertriglyceridemia, hyperlipoproteinemia, hyperlipidemia, familial hypercholesterolemia, and Tangier disease. The most active end users in the market are diagnostic laboratories, home-based testing kits, hospitals, and others (including public health institutions and CROs).
Growing Aid from Governments and International Institutes Bolsters Global Lipid Panel Tests Market
The high amount of funding from several governments and generous aids from global institutions such as the World Health Organization (WHO) has greatly contributed to the growth of screening programs in dyslipidemia diagnosis and to identify the population at high risk. In addition, the high prevalence of cardiovascular diseases, dyslipidemia, and hypertension has also fuelled the global LPT market. However, a few restraints, such as healthcare reforms intended to curb healthcare costs and reduce the profit margin of companies operating within the industry, may hamper the rapid growth of the global lipid panel test market.
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