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BNP And NTproBNP Market Size, Latest Trends, Growth Status, Top Major Players And Forecast To 2033
BNP And NTproBNP Market Size
According to The Business Research Company's, The bnp and ntprobnp market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to aging population, clinical utility in heart failure diagnosis, advancements in cardiovascular medicine, focus on preventive healthcare.
The bnp and ntprobnp market size is expected to see rapid growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to increasing cardiovascular disease burden, integration into point-of-care testing, expanding applications in other medical conditions, personalized medicine approaches, telemedicine and remote monitoring. Major trends in the forecast period include technological advancements in assay methods, personalized medicine approaches, biomarker in predicting prognosis, emergence of novel biomarkers, global standardization efforts.
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Market Drivers and Trends:
The rising prevalence of cardiovascular diseases is expected to propel the growth of the BNP and NTproBNP market going forward. Cardiovascular diseases are disorders that affect the heart and blood vessels, such as peripheral arterial disease, cerebrovascular disease, coronary heart disease, and others. BNP and NTproBNP tests deal with heart health and safety monitoring, determining factors contributing to the cardiovascular disease before disease occurrence, thereby helping in taking preventative measures and reducing the chance of mortality. For instance, in March 2022, according to the Office for National Statistics, a UK-based statistics authority that reports directly to the UK Parliament, the number of deaths due to a heart attack as an underlying cause increased from 19,440 in 2020 to 20,061 in 2021. The rising prevalence of cardiovascular diseases is driving the BNP and NTproBNP markets.
Product innovation is a key trend gaining popularity in the BNP and NTproBNP markets. Major companies in the BNP and NTproBNP markets are introducing innovative products to sustain their position in the market. For instance, in May 2023, Randox Laboratories, a UK-based health, toxicology, and diagnostics company, launched a BNP1-32 diagnostic test for the diagnosis of heart failure. The automated test measures levels of BNP (B-type natriuretic peptide), a protein produced by the heart and blood vessels, with high sensitivity and specificity. This control is used with the Acusera range of third-party controls and Acusera 24.7 software that supports monitoring and representing QC data. The BNP control provides an independent and unbiased assessment of analytical performance, ensuring reliable and accurate testing for BNP.
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Major Key Players of the Market:
Abbott Laboratories;Gentian Diagnostics ASA;Siemens AG;PerkinElmer Inc.;Biomerieux SA;Quidel Corporation;Bio-Rad Laboratories Inc.;F Hoffman La Roche Ltd.;CTK Biotech Inc.;RayBiotech Life Inc.;BHR Pharmaceuticals Ltd.;Getein Biotech Inc.;VACURE Biotechnology Co. Ltd.;Bio-Techne Co.;Xiamen Biotime Biotechnology Co. Ltd.;Scripps Laboratories Inc.;Danaher Corporation;Beckman Coulter Inc.;Thermo Fisher Scientific Inc.;Randox Laboratories Ltd.;LSI Medience Corporation;Shionogi & Co. Ltd.;Radiometer Medical ApS;Ortho Clinical Diagnostics;Tosoh Corporation;Aidian Oy;Shenzhen Mindray Bio-Medical Electronics Co. Ltd.;Becton Dickinson and Company;Acon Laboratories Inc.;Response Biomedical Corp.;Nanomix Inc.;Cepheid Inc.;Alere Inc.
BNP And NTproBNP Market 2024 Key Insights:
• The bnp and ntprobnp market size will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%.
• Cardiovascular Disease Prevalence Fuels Growth
• Innovative Diagnostics Propel Market Advancements
• Asia-Pacific was the largest region in the BNP and NTproBNP market in 2023
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