Press release
Rising Heart Disease Prevalence To Fuel Cardiac Troponin Market Growth Driver: A Major Catalyst in the Evolution of the Cardiac Troponin Market in 2025
How Is the Cardiac Troponin Market Projected to Grow, and What Is Its Market Size?_x000D_The market for cardiac troponin has experienced rapid expansion in the past years. It is expected to increase from a value of $3.85 billion in 2024 to $4.25 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. The historic growth of this market can be credited to the increasing incidence of cardiovascular issues, heightened awareness and early detection of cardiac conditions, development of healthcare infrastructure in up-and-coming markets, rise in the aging population, and the launch of high-sensitivity cardiac troponin assays._x000D_
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Anticipations for the size of the cardiac troponin market suggest swift expansion in the coming years. The projected value, by 2029, stands at $6.32 billion with a compound annual growth rate (CAGR) of 10.4%. Factors prompting the predicted growth within this period include an increase in lifestyle-related cardiovascular conditions, wider cardiac care facilities within hospitals, a rise in home healthcare adoption, development in personalized medicine, and a need for better and more affordable diagnostic solutions. Noteworthy trends for the forecast period are the utilization of machine learning algorithms for data interpretation in cardiac care, broadening use of cardiac troponin beyond acute coronary syndrome, forward strides in multiplex testing for simultaneous biomarker analysis, design of innovative biomarkers in conjunction with troponin, and personalized medicine._x000D_
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What Are the Key Drivers Behind the Growth of the Cardiac Troponin Market?_x000D_
The escalating incidence of heart-related ailments is predicted to fuel the expansion of the cardiac troponin market in the future. Cardiovascular diseases, including coronary artery disease, heart failure, arrhythmias, and congenital heart defects, all fall under the umbrella of heart-related conditions, impacting the heart's structure and function. The growing incidence of these heart-related conditions can be linked to factors like aging demographics, inactive lifestyles, unhealthy eating habits, and surging levels of obesity and hypertension. Cardiac troponin plays a pivotal role in identifying these ailments, acting as an exceptionally sensitive biomarker for identifying heart muscle damage, particularly in situations involving heart attacks and other cardiac occurrences. As an example, the Report on Registration of Births and Deaths 2023 from the Registry of Births and Deaths, Immigration and Checkpoints Authority, Singapore and Ministry Of Health, revealed that the total death toll from ischemic heart diseases rose slightly to 5,302 from 5,290 in 2022. Hence, the escalating incidence of heart-related conditions will steer the expansion of the cardiac troponin market._x000D_
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Who Are the Major Industry Players Fueling Cardiac Troponin Market Expansion?_x000D_
Major companies operating in the cardiac troponin market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Merck KGaA, Siemens Healthineers AG, Becton Dickinson and Company, Laboratory Corporation of America Holdings (Labcorp), Zoetis Inc., bioMérieux SA, Beckman Coulter Inc., QuidelOrtho Corporation, Sysmex Corporation, Bio-Rad Laboratories Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Radiometer Medical ApS, Randox Laboratories Ltd., Fujirebio Diagnostics Inc., Meso Scale Diagnostics LLC., Singulex Inc., Diazyme Laboratories Inc., Response Biomedical Corporation, Eurolyser Diagnostica GmbH, LifeSign LLC_x000D_
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Which Key Developments Are Influencing the Cardiac Troponin Market?_x000D_
Leading organizations involved in the cardiac troponin market are prioritizing the advancement of new technology, like human serum-based quality control, to guarantee accurate and reliable results in high-sensitivity troponin testing by providing controls for multiple analytes. The utilization of human serum with predetermined troponin concentrations in cardiac troponin testing ensures the validity and reliability of the test by checking the assay's performance. For example, in May 2023, Bio-Rad Laboratories, Inc., an American biotechnology research firm, launched Cardiac Advance, a multi-analyte quality control with four levels, crafted specifically for high-sensitivity troponin testing. These controls are liquid and are based on human serum, available in InteliQ 3-mL tubes, as well as Liquichek 3-mL standard and 2.5-mL compact vials. The controls include 10 cardiac analytes like troponin, CK-MB, BNP/proBNP, and myoglobin, and are compatible with Siemens and Roche testing systems. The products can be found in the U.S., Europe, and various selected markets in Asia._x000D_
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How Is the Segmentation of the Cardiac Troponin Market Defined?_x000D_
The cardiac troponinmarket covered in this report is segmented -_x000D_
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1) By Type: Troponin I, Troponin T_x000D_
2) By Location Of Testing: Laboratory Setting, Point Of Care (Poc) Testing_x000D_
3) By Application: Acute Coronary Syndrome, Myocardial Infraction, Congestive Heart Failure, Other Applications_x000D_
4) By End User: Hospitals, Diagnostic Centers, Homecare Setting, Other End Users_x000D_
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Subsegments:_x000D_
1) By Troponin I: Cardiac Troponin I (cTnI), Muscle Troponin I_x000D_
2) By Troponin T: Cardiac Troponin T (cTnT), Skeletal Troponin T_x000D_
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What Is the Leading Region in the Cardiac Troponin Market?_x000D_
North America was the largest region in the cardiac troponin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac troponin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Cardiac Troponin Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Cardiac Troponin Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Cardiac Troponin Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Cardiac Troponin Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Cardiac Troponin Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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