The recent report on “Cardiac Biomarker Market” offered by We Markets, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Cardiac Biomarker Market”.
Cardiac Biomarker are protein molecule that are released into the blood after heart damage or intense heart stress. These biomarkers act as a potential indication tool to find out the various cardiovascular diseases (CVD) such as myocardial infarction, acute coronary syndrome, cardiac ischemia and congestive heart failure. The test uses to determine the risk and condition of patients associate with such disease is Cardiac biomarker tests.
Cardiac Biomarker Market is projected to achieve a value of USD 13,370 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 38,000 Million by 2033 with a CAGR of 11% during the forecast period 2023-2033.
An exhaustive competition analysis that covers insightful data on industry leaders is intended to help potential market entrants and existing players in competition with the right direction to arrive at their decisions. Market structure analysis discusses in detail Cardiac Biomarker Industry companies with their profiles, revenue shares in market, comprehensive portfolio of their offerings, networking and distribution strategies, regional market footprints, and much more.
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Market Regional Analysis
North America dominate the Cardiac Biomarker market with the highest revenue generating market with share of more than 42%. Well established healthcare facility, availability of services and products, high expenditure on R&D are the key driving factor of the region. For instance, according to the American College of Cardiology Foundation, in 2019 it is estimated that about 1.05 million patients were suffering from coronary disorders in the United States alone.
Asia-Pacific is expected to expand the higher growth with highest CAGR in forecasted year. The factors behind that are increasing investment in healthcare sector, increasing awareness about the cardiovascular diseases, after COVID19 increasing the cardiac testing facility in the region. For instance, in January 2023, Cipla Inc, an Indian multinational pharmaceutical company, launched a diagnostic device called Cippoint, which offers a point-of-care testing solution for various health conditions
Moreover, Europe is the fastest growing Cardiac Biomarker market in forecasting year. Rising prevalence of acute coronary syndrome and myocardial infarction leading to the increasing demand to improve diagnostic facility, government funding for research and targeted diseases and healthcare expenditure.
Latin America and Middle East & Africa are expected to grow at a moderate level because of slower adoption of technologically advanced solutions and lack of awareness among the population towards tests for cardiac biomarker industry.
Competitive Analysis
The Cardiac Biomarker market is dominated by a few large companies, such as F. Hoffmann-La Roche AG, Abbott, Siemens AG, Creative Diagnostics, Beckman Coulter, Inc., Thermo Fisher Scientific Inc., bioMérieux SA, Others.
By Type
- Troponin
- CK-MB
- Myoglobin
- BNP and NT-proBNP
By Application
- Acute Coronary Syndrome
- Myocardial Infarction
By End-User
- Hospital
- speciality Clinics
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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Cardiac Biomarker.
- To provide insights about factors affecting the market growth. To analyze the Cardiac Biomarker based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Cardiac Biomarker.
