Press release
Explosive Growth in Cardiac Biomarkers Testing Market, Fueled by a Rise in Cardiovascular Diseases and Personalized Medicine
"Steady ascension is witnessed in the global cardiac biomarkers testing market, projected to climb from $13.48 billion in 2024 to $15.09 billion in 2025 at a compound annual growth rate (CAGR) of 12.0%.
What Is The Projected Market Size Of The Global Cardiac Biomarkers Testing Market And Its Growth Rate?
• This market is segmented by biomarkers type, application, and end-user.
• Prominent biomarkers types include Creatine Kinase (CK-MB), Troponins, Myoglobin, Natriuretic Peptides (BNP And NT-proBNP), Ischemia Modified Albumin (IMA), and Other Biomarkers Types.
• Applications cover areas such as Congestive Heart Failure, Acute Coronary Syndrome, Myocardial Infarction, Atherosclerosis, and Other Applications.
• Hospitals and specialty clinics form a significant end-user base.
• The market size is slated to ascend from 13.48 billion in 2024 to 15.09 billion in 2025 (12.0% CAGR), fuelled by increasing occurrence of cardiovascular diseases, an aging population, and healthcare policies, among other factors.
What Is Driving The Growth In The Cardiac Biomarkers Testing Market?
The rising prevalence of cardiovascular diseases is spurring growth in the Cardiac Biomarkers Testing Market. Factors such as an aging population and increasing healthcare expenditure, coupled with government initiatives and educational campaigns, have compounded this growth. These factors increase the demand for accessible, reliable, and efficient testing, necessitating advancements in the cardiac biomarkers testing arena.
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Who Are the Key Players Driving Cardiac Biomarkers Testing Market Growth?
• The surge in personalized medical solutions is critically driving the market growth.
• The integration of cardiac biomarkers testing into personalized medicine boosts the precision of cardiovascular care, promoting effective prevention, early detection, and treatment strategies custom-built to individual patient needs.
• As reported by STAT, there were over 75,000 genetic testing products and 300 personalized medicines in October 2022, pushing the demand for such tailor-made medical solutions.
What Are The Key Trends In The Cardiac Biomarkers Testing Market?
• There is a growing trend of strategic partnerships aimed at enhancing early detection and the management of heart conditions.
• The market size of cardiac biomarkers testing has seen swift growth in recent years, primarily due to rising cardiovascular diseases, an aging population, educational initiatives, and healthcare policies, among other triggers.
What Are The Segments Of The Global Cardiac Biomarkers Testing Market?
• The biomarkers types for cardiac biomarkers testing include Creatine Kinase (CK-MB), Troponins, Myoglobin, Natriuretic Peptides (BNP and NT-proBNP), Ischemia Modified Albumin (IMA), and others.
• Applications range from Congestive Heart Failure, Acute Coronary Syndrome, Myocardial Infarction, Atherosclerosis, and others.
• The end-users are predominantly hospitals and specialty clinics.
Which Region Leads The Cardiac Biomarkers Testing Market?
The acquisition of LumiraDx's Point of Care technology by Switzerland-based Roche Holding AG, a pharmaceutical company, in July 2024, bolstered Roche's diagnostics portfolio. This acquisition underscores the pivotal role of the region in advancing decentralized diagnostics, marking its foothold in the Cardiac Biomarkers Testing Market.
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What Is Covered In The Cardiac Biomarkers Testing Market Global Market Report?
- Market Size Analysis: Analyze the Cardiac Biomarkers Testing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiac Biomarkers Testing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cardiac Biomarkers Testing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiac Biomarkers Testing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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