Cardiac Biomarkers Testing Market To Witness Steady Growth By 2032: Key Players, Trends, And Opportunities Analysis || Abbott Laboratories, Bio-Rad Laboratories Inc., Danaher Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Cardiac Biomarkers Testing Market Size, Growth Rate, And Forecast

The global cardiac biomarkers testing market size is expected to grow from $10.83 billion in 2022 to $12.10 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cardiac biomarkers testing market size is expected to grow to $18.46 billion in 2027 at a CAGR of 11.1%.

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Cardiac Biomarkers Testing Market Drivers

The increasing prevalence of cardiovascular diseases is expected to boost the growth of the cardiac biomarkers testing market going forward. Cardiovascular disease refers to a type of condition that affects the heart or blood vessels. Cardiac biomarker tests assist in determining the levels of biomarkers to immediately determine the severity of a heart attack and its magnitude. Hence, an increase in the prevalence of cardiovascular diseases will lead to an increase in the demand for cardiac biomarker testing solutions. For instance, according to a report published by the American Heart Association, a US-based voluntary organization dedicated to fighting heart disease and stroke, in 2020, cardiovascular disease (CVD) was responsible for about 19.1 million deaths globally. The age-adjusted mortality rate was 239.8 per 100,000 people. The age-adjusted prevalence rate was 7354.1 per 100,000. Eastern Europe and Central Asia had the highest rates of CVD-related mortality in 2020. Therefore, an increase in the prevalence of cardiovascular diseases is driving the growth of the cardiac biomarkers testing market.

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Cardiac Biomarkers Testing Market Segments

• By Biomarkers Type: Creatine Kinase (CK-MB), Troponins, Myoglobin, Natriuretic Peptides (BNP and NT-proBNP), Ischemia Modified albumin (IMA), Other Biomarkers Types

• By Application: Congestive Heart Failure, Acute Coronary Syndrome, Myocardial Infarction, Atherosclerosis, Other Applications

• By End-User: Hospitals, Specialty Clinics

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the cardiac biomarkers testing market.

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Cardiac Biomarkers Testing Market Key Players
Major competitors in the cardiac biomarkers testing market are Abbott Laboratories, Bio-Rad Laboratories Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Siemens Healthineers, Thermo Fisher Scientific Inc., Biomérieux SA, Becton Dickinson and Company (BD), Randox Laboratories Ltd.

The Business Research Company's "Global Cardiac Biomarkers Testing Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Cardiac Biomarkers Testing Market Include:
1. Executive Summary
2. Cardiac Biomarkers Testing Market Characteristics
3. Cardiac Biomarkers Testing Market Trends And Strategies
4. Cardiac Biomarkers Testing Market - Macro Economic Scenario
5. Cardiac Biomarkers Testing Market Size And Growth
………………
27. Cardiac Biomarkers Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cardiac Biomarkers Testing Market
29. Cardiac Biomarkers Testing Market Future Outlook and Potential Analysis
30. Appendix

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