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Heart Attack Diagnostic Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
The Business Research Company recently released a comprehensive report on the Global Heart Attack Diagnostic Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The heart attack diagnostic market size has grown strongly in recent years. It will grow from $10.21 billion in 2023 to $11.07 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to development of cardiac biomarkers,introduction of ecg and imaging, standardization of diagnostic protocols, awareness and education initiatives, improvements in troponin testing.
The heart attack diagnostic market size is expected to see strong growth in the next few years. It will grow to $15.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to patient empowerment and engagement, data analytics and precision medicine, preventive healthcare initiatives, healthcare infrastructure development, personalized diagnostic approaches. Major trends in the forecast period include point-of-care testing, high-sensitivity troponin tests, non-invasive imaging techniques, personalized medicine, remote monitoring devices.
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Market Drivers and Trends:
Growing expenditure for the healthcare sector is expected to propel the growth of the heart attack diagnostics market going forward. Healthcare expenditure is the total cost of health care (including both public and private spending) expressed as a percentage of GDP. High healthcare expenditure creates an environment conducive to innovation, research, infrastructure development, and improved accessibility, all of which collectively contribute to the advancement and growth of the heart attack diagnostic market. For instance, in March 2022, according to the 2021-2030 National Health Expenditure (NHE) report published by the Centers for Medicare & Medicaid Services, a US-based federal agency, the projected growth indicates that, on average, national health spending is expected to increase by 5.1% annually between 2021 and 2030, reaching a total of nearly $6.8 trillion. Additionally, it is anticipated that from 2021 to 2030, Medicare spending is going to rise at a 7.2% annual pace while Medicaid spending will rise at a 5.6% annual rate. Therefore, growing expenditure for the healthcare sector is driving the growth of the heart attack diagnostics market.
The development of novel diagnostic techniques for heart disease is a key trend in the heart diagnostic market. Major players are developing novel technologies such as artificial intelligence for heart disease diagnosis. Artificial intelligence (AI) is the emulation of human intellect in devices that have been designed to behave and think like humans. AI is utilized to improve the skills of diagnostic radiography, diagnose heart problems, and treat strokes more quickly. For instance, in February 2022, Physician-scientists at the Smidt Heart Institute at Cedars-Sinai, a nonprofit academic healthcare organization, developed an AI-based method to identify hard-to-diagnose cardiac conditions. The AI program can identify illness patterns that are invisible to the human eye and utilize these patterns to forecast the correct diagnosis. Hypertrophic cardiomyopathy and cardiac amyloidosis disorders, which can both be fatal, are efficiently recognized and distinguished by artificial intelligence (AI) technology.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Abbott Laboratories, F. Hoffmann-La Roche AG, General Electric Co., Hitachi Ltd., Koninklijke Philips NV, Midmark Corp., Siemens AG, Toshiba Corp., Welch Allyn Inc., Astrazenca PLC., HILL ROM HOLDINGS Inc., Canon Medical Systems Corporation, Bio-Rad Laboratories Inc., Fujifilm Holdings, ACS Diagnostics Inc., Beckman Coulter Inc., Schiller AG, GE Healthcare, HeartFlow, Medtronic plc, Cardio Diagnostics Holdings Inc., Beckman Coulter Inc., Becton Dickinson and Company, Danaher Corporation, Edwards Lifesciences Corporation, Illumina Inc., Johnson & Johnson, Merck & Co. Inc., Novartis International AG, Pfizer Inc., Quest Diagnostics, Roche Diagnostics, Thermo Fisher Scientific Inc.
Heart Attack Diagnostic Market 2024 Key Insights:
• The heart attack diagnostic market size is expected to see strong growth in the next few years. It will grow to $15.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Surge In Cardiovascular Disorders Drives Growth In Heart Attack Diagnostics Market
• Advancements In Artificial Intelligence Transforming The Landscape
• North America was the largest region in the heart attack diagnostics market in 2023
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Learn More About The Business Research Company
The Business Research Company (https://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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