Press release
Cardiac Biomarkers Market Outlook 2021: Top Companies, Trends, Growth Factors Details by Regions, Types and Applications
Cardiac biomarkers are protein-based substrates released into the blood stream when the heart is extremely stressed or damaged. Cardiac biomarkers can be traced and measured to diagnose Cardio Vascular Diseases (CVDs) such as Acute Coronary Syndrome (ACS), myocardial infraction, cardiac ischemia, and others.
Cardiac biomarker is an integrated diagnostic approach for prevention of CVDs by monitoring the heart conditions. Due to high sensitivity, it gives rapid results for immediately initiating the diagnostic and treatment procedures.
The adoption of cost-effective Cardiac Point of Care (PoC) testing kits that offer quick results with higher accuracy are gaining momentum over the period, thereby supplementing the growth of cardiac biomarkers market.
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Top Companies: Roche Diagnostics, Siemens Healthcare, Abbott Laboratories, Alere Inc., Bio-Rad Laboratories, Becton, Dickinson and Company, BioMerieux, Beckman Coulter, Randox laboratories, and Thermo Fisher Scientific
Market Dynamics and Trends
According to the data World Health Organization, more than 17.9 million people worldwide, die of Cardiovascular diseases (CVDs), every year. This scenario consequently escalates the demand for advanced healthcare facilities that offer precise diagnostics, monitoring and treatments options for patients suffering from CVDs, thereby propagating the growth of global cardiac biomarkers market.
Furthermore, benefits offered by cardiac biomarkers such as, fast and precise depictions of heart failures after the one-set of chest pain, and high sensitivity of biomarkers test-kit offering precise results; are expected to propagate the growth of global cardiac biomarkers market.
However, limited use of biomarkers test in specific cases, and risk of skeletal injury are the limiting factors expected to slow down the growth of cardiac biomarkers market.
Moreover, multiple options to formulate different combinations for cardiac biomarkers testing, manufacturers offering various customized solutions, and increasing investment in the R&D activities for new clinical research by government and non-government authorities, are the factors anticipated to propel the growth of global cardiac biomarkers market in coming future.
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Market Segmentations and Scope of the Study:
The global cardiac biomarkers market share has been analyzed based on type, application, location of testing and geography.
Based on product type, the cardiac biomarkers market is segmented into Myocardial muscle Creatine Kinase (CK-MB), Myoglobin, Brain Natriuretic Peptide (BNPs), Troponins (T and I), or NT-proBNP, Ischemia Modified Albumin (IMA), and Others. Based on application, the market is categorized into Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome, Atherosclerosis, and Others. Based on location of testing, the market is divided into Point of care testing and Laboratory testing. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America dominated the global cardiac biomarkers market, and is expected to maintain this trend throughout the forecast period, accounting for the highest market share. This is attributed to well-established healthcare infrastructures and medical laboratories. Moreover, increasing incidences of CVDs due to sedimentary lifestyles, and adoption of PoC gaining momentum, are the factors expected to further propel the cardiac biomarkers market growth in this region.
Asia Pacific region is expected to grow substantially in the global cardiac biomarkers market, owing to increasing accessibility to healthcare facilities, higher prevalence of CVDs due constantly multiplying population, increasing medical tourism, and increasing awareness regarding treatment options.
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