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Cardiac Marker Analyzer Market To Bring In Effective Tracking Of Performance Management, Reaching US$ 959.6 Mn
The latest report by Persistence Market Research (PMR) states that the Global Cardiac Marker Analyzer market will reach USD 959.6 Million by 2026, having a CAGR of 4.30%. Cardiac Markers Analyzers are medical devices that enable high-point-of-care methods for the detection of cardiovascular diseases.
In cardiac disorders such as myocardial infarction, atrial fibrillation, and others, these devices monitor the quantities of enzymes and proteins secreted from the heart. The increased emphasis on minimizing misdiagnoses of heart problems is driving the market.
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The increasing incidence of cardiac disorders is also related to the rising demand for Cardiac Marker Analyzers. According to the Global Health and Wellness report issued in 2018, cardiovascular diseases (CVDs) are the leading causes of death, accounting for over 17 million deaths worldwide each year.
Furthermore, the number is predicted to rise by more than 23.6 million by 2030, according to the research, which means that the demand for Cardiac Marker Analyzers will substantiate in the near future.
Impact of COVID-19 on Global Cardiac Marker Analyzer Market
The COVID-19 pandemic had a severe effect on the global economy, and it also harmed the Cardiac Marker Analyzer market by limiting its growth due to restrictions and the other precautionary measures implemented in response to the pandemic. However, when the restrictions were relaxed, the sales began to level off and stabilized by the second half of 2021.
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North America Dominates the Market and Expected to do Same in the Future
Throughout the forecast period, North America is likely to dominate the global cardiac marker analyzers market. The region's dominance is because of the increasing number of cardiac and blood illnesses such as venous thromboembolism, strokes, and others.
The rising prevalence of these heart diseases along with rising diabetes and obesity rates, as well as the existence of a large elderly population needing early diagnosis for better treatment, is expected to contribute to the overall growth of the market.
Furthermore, significant investments by the major companies in extensive research are fueling the growth of the cardiac marker analyzers market in this region.
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