Press release
Global Cardiac Marker Market to Reach $20.35 Billion by 2029, Growing at 13% CAGR
What industry-specific factors are fueling the growth of the cardiac marker market?The upward trend in heart-related illnesses is projected to boost the expansion of the cardiac marker market. Heart diseases comprise a variety of disorders influencing the heart's structure or functionality, leading to a miscellany of health issues. Cardiac markers, utilized for the diagnosis and monitoring of numerous heart-related conditions such as heart attacks, angina, heart failure, and other cardiovascular diseases, are experiencing an uptick in demand. For instance, the British Heart Foundation, a cardiovascular research charity based in the UK, stated that from the beginning of the pandemic until August 2022, England had experienced an additional 30,000 deaths due to coronary heart disease. By the conclusion of August 2022, a record number of 346,000 individuals were on a waiting list for heart-related treatment. Thus, the increasing incidence of heart diseases is anticipated to spur the growth of the cardiac marker market.
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What Is the projected market size and growth rate for the cardiac marker market?
In recent periods, the cardiac marker market has experienced swift expansion. The market size is projected to escalate from $11.26 billion in 2024 to $12.47 billion in 2025, implying a compound annual growth rate (CAGR) of 10.8%. This growth trajectory during the historical period can be credited to factors like the rising number of cardiovascular disease cases, an aging demographic prone to cardiovascular risks, health awareness programs, screenings, the implementation of biomarkers into clinical practices, and strict regulatory norms and guidelines.
The market for cardiac markers is predicted to experience fast expansion in the forthcoming years, with expectations reaching "$20.35 billion in 2029, reflecting a compound annual growth rate (CAGR) of 13.0%. The growth during the projection period can be related to an increase in illnesses related to lifestyle changes, the progress of remote monitoring and telemedicine, personalized healthcare and advanced diagnostics, as well as the acceptance of point-of-care tests (poct). Collaborative efforts and partnerships within the healthcare industry also contribute to this growth. Future market trends to watch include the discovery and validation of biomarkers, personalized medical treatments, technological developments in assay platforms, the inclusion of high-sensitivity troponin tests, and an increased prevalence of cardiovascular diseases.
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What new trends are reshaping the cardiac marker market and its opportunities?
The cardiac marker market is observing a growing trend of product innovation. Major participants in this market are concentrating on novel solutions to solidify their market standing. For instance, MiRxes, a biotechnology organization from Singapore, confirmed a microRNA-based diagnostic test for accurate and early identification and diagnosis of diseases in September 2022. Once this test hits the market, it will augment MiRxes' collection of blood tests for cancer, providing a comprehensive array of early detection alternatives to mitigate the escalating clinical and socioeconomic repercussions of severe diseases, encompassing cancer and cardio-pulmonary disorders.
What major market segments define the scope and growth of the cardiac marker market?
The cardiac marker market covered in this report is segmented -
1) By Biomarker: Troponin, Creatine Kinase-MB (CK-MB), B-type Natriuretic Peptide (BNP), Myoglobin, Other Biomarkers
2) By Product: Reagent, Instrument, Chemiluminescence, Immunofluorescence, Immunochromatography, ELISA
3) By Indication: Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome, Other Indications
4) By End User: Laboratory Testing Facilities, Hospital Labs, Reference Labs, Contract Testing Labs, Point-Of-Care Testing Facilities, Academic Institutions
Subsegments:
1) By Troponin: Troponin I, Troponin T, Troponin Diagnostic Kits
2) By Creatine Kinase-MB (CK-MB): CK-MB Test Kits, CK-MB Diagnostic Panels
3) By B-Type Natriuretic Peptide (BNP): BNP Test Kits, NT-ProBNP Test Kits, BNP Diagnostic Panels
4) By Myoglobin: Myoglobin Test Kits, Myoglobin Diagnostic Panels
5) By Other Biomarkers: Ischemia Modified Albumin (IMA), Heart Fatty Acid Binding Protein (HFABP), C-Reactive Protein (CRP)
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Which region dominates the cardiac marker market?
North America was the largest region in the cardiac marker market in 2024. The regions covered in the cardiac marker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the cardiac marker industry growth?
Major companies operating in the cardiac marker market include Abbott Laboratories Inc., Siemens AG, Danaher Corporation, BioMérieux SA, F. Hoffmann-La Roche AG, Beckman Coulter Inc., Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Guangzhou Wondifo Biotech Co. Ltd., Creative Diagnostics, PerkinElmer Inc., Tosoh Corporation, Quidel Corporation, Randox Laboratories Ltd., Getinge Group, LSI Medience Corporation, Ortho Clinical Diagnostics, DiaSorin, 3M Company, Atom Medical Corporation, Bionet America Inc., Bistos Inc., CareFusion Corporation, Clinical Innovations LLC, Abcam plc, General Electric Company
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What Is Covered In The Cardiac Marker Global Market Report?
• Market Size Forecast: Examine the cardiac marker market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cardiac marker market for a structured understanding.
• Key Players Overview: Analyze major players in the cardiac marker market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cardiac marker market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cardiac marker market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cardiac marker market.
• Industry Challenges: Identify potential risks and obstacles affecting the cardiac marker market.
• Competitive Landscape: Review strategic developments in the cardiac marker market, including expansions, agreements, and new product launches.
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