Press release
Cardiac Biomarker Market Growth in Business Future Scenarios and Brief Analysis of Top Key Players - Abbott, Roche Diagnostics, BG Medicine, Biomerieux | Global Forecast to 2025
Cardiac Biomarker Market
The growing demand for Cardiac Biomarker has provided a major boost to the Global Cardiac Biomarker Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.
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The quantification of biomarkers is employed for the diagnosis of various heart conditions, such as Acute Coronary Syndrome (ACS), Acute Myocardial Infarction (AMI), ischemia, Congestive Heart Failure (CHF), and others. The high worldwide prevalence of ACS acts as one of the major factors driving the growth rate of the market. Furthermore, the market is expected to grow significantly due to the progressive development of biomarkers, increasing the preference for Point of Care (PoC) cardiac testing kits, and the high specificity and sensitivity of these biomarker-based tests for efficient and accurate diagnosis of cardiovascular disorders.
The global Cardiac Biomarker Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.
Based on Product Type, the market is divided into:
1 Creatine kinase (CK) MB
2 Troponin (cTnI and cTnT)
3 BNP & NT-proBNP
4 Myogloblin
5 Others (hs-CRP, D-Dimer, etc.)
On the basis of End Use Industry, the market is split into:
1 Myocardial Infarction
2 Congestive Heart Failure
3 Acute Coronary Syndrome
4 Atherosclerosis
5 Others
Ability of cardiac markers for accurate and rapid prediction of heart failure after the onset of chest pain has added boost to the market growth. In addition, promising features such as high accuracy, quick outcomes and economic pricing of cardiac point of care (POC) testing is driving the growth of cardiac biomarker market, globally. To keep the momentum of cardiac marker tests, the key manufacturers offers customized solutions. The commercial application of multi-menu options for cardiac testing using different combinations of cardiac biomarkers and target-oriented solutions are the key opportunities of the market. However, limited specificity in some cases and side effects such as skeletal muscle injury is restraining the growth cardiac biomarkers markets.
Objectives of the Study
To describe and forecast the global Cardiac Biomarker Market on the basis of Product Type, industry verticals, Channel and regions.
To forecast the Cardiac Biomarker Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.
To provide detailed information regarding the major factors influencing the growth of the Cardiac Biomarker Market (drivers, restraints, opportunities, and challenges).
To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.
To strategically profile key players and comprehensively analyze their core competencies and positioning.
To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Cardiac Biomarker Market.
Some of the Cardiac Biomarker Market manufacturers involved in the market are Abbott, Roche Diagnostics, BG Medicine, Biomerieux, Critical Diagnostics, DiaDexus, Response Biomedical, Siemens Healthcare, Singulex, Thermo Scientific, Acquisitions and effective mergers are some of the strategies adopted by the Cardiac Biomarker Market manufacturers. New product launches and continuous technological innovations are the Cardiac Biomarker Market strategies adopted by the major players.
Latest Industry Updates:
Roche Diagnostics:- In modern healthcare, in vitro diagnostics go far beyond simply telling a doctor whether a patient has a certain disease or not. Today, they are an integral part of decision-making along the entire continuum of a patient's health or disease, enabling physicians to make full use of IVDs along the healthcare value chain.
In vitro diagnostics (IVDs) have long been considered the "silent champion" of healthcare, influencing over 60 % of clinical decision-making, while accounting for only about 2% of total healthcare spending. Diagnostics allows laboratories to be the reliable partners that healthcare professionals need. It empowers doctors to make the right decisions for their patients at the right time; it allows people to have improved control over their health and wellbeing; and it gives payers and policymakers the confidence that they are investing in the right solutions for patients and the future of healthcare. Modern diagnostics reduces costs by diminishing subsequent health problems, reducing hospitalisation and avoiding unnecessary treatment. The future of sustainable healthcare depends on diagnostics.
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Asia Pacific was a prominent market for Cardiac Biomarkers in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Cardiac Biomarker market in Asia Pacific.
There are several manufacturers of Cardiac Biomarkers in Europe and North America. In North America, the demand for Cardiac Biomarkers is primarily driven by the residential sector. Improved standards of living and rising usage of Cardiac Biomarkers for flooring purpose are anticipated to drive the market in North America.
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Table of Contents:
Global Cardiac Biomarker Market Report 2020
1 Cardiac Biomarker Definition
2 Global Cardiac Biomarker Market Major Player Share and Market Overview
3 Major Player Cardiac Biomarker Business Introduction
4 Global Cardiac Biomarker Market Segmentation (Region Level)
5 Global Cardiac Biomarker Market Segmentation (Product Type Level)
6 Global Cardiac Biomarker Market Segmentation (Industry Level)
7 Global Cardiac Biomarker Market Segmentation (Channel Level)
8 Cardiac Biomarker Market Forecast 2020-2024
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