The Worldwide Cardiac Marker Analyzer Industry is Expected to Reach $1.9 Billion by 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Cardiac Market Analyzer Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The cardiac marker analyzer market is projected to grow at a CAGR of 4.11% during the forecast period to reach US$1,907.736 million by 2026 from US$1,438.713 million in 2019.
Companies Mentioned
- Radiometer Medical ApS
- Ardiogenics Inc
- F. Hoffman – La Roche Ltd.
- Abbott
- Beckman Coulter Inc.
- Siemens Healthcare Private Limited
Rising instances of cardiovascular diseases and increasing death due to them are the prime reason driving the market growth of cardiac marker analyzers during the forecasted period. According to data provided by the World Health Organization, cardiovascular diseases are the leading cause of death globally. Annually, WHO estimates that 17.9 million people die due to cardiovascular diseases (CVD), which accounts for 30% to 31% of global deaths. 85% of CVD deaths occur due to heart attacks and strokes, while 45% of these deaths occur in lower- and middle-income countries. Hectic lifestyle, heavy workload, and disturbed meal cycles have increases stress and are becoming the leading reason for the rise in cardiovascular diseases among adults.
Growing CVD and deaths has raised severe concerns and increased investment in the healthcare sector by the government. Increased investment is anticipated to raise the market size of the cardiac marker analyzer industry. Cardiac marker significance in the healthcare sector, particularly cardiac troponin, will provide a stable market for cardiac marker analyzers during the forecasted period.
In the healthcare industry, cardiac markers are used to diagnose acute coronary syndrome (ACS) or any other CVD in case the patient is suffering from chest pain or other problems. Cardiac markers are used to locate potential CVD so that timely treatment can save a person’s life and keep them healthy. Rising CVD cases and deaths have increased the adoption of these markers in hospitals and clinics for prior detection and early treatment of the patient. Hence, with rising healthcare infrastructure development, a cardiac marker will play a crucial role in the healthcare industry for better diagnosis, with promising market stability.
Among varied cardiac markers, cardiac troponin is anticipated to dominate the market owing to its efficiency and effectiveness in the detection of CVDs. Research from the Heart Org states that cardiac troponin is the prime choice of cardiac marker among patients suffering from ACS. Troponin is based on guidelines of the European Society of Cardiology (ESC) and the American College of Cardiology (ACC) and hence is widely accepted around the world. Troponin earned this recognition owing to superior sensitivity and accuracy in detection. Moreover, these markers provide faster results than other modes.
Rising government expenditure on the healthcare sector will boost the market demand for cardiac marker analyzer. A rise in medical tourism will drive the demand for Asia pacific cardiac marker analyzer market.
COVID-19 Insights
The coronavirus pandemic positively affected the global cardiac marker analyzer market. To contain the outbreak of the virus, the healthcare sector was fuelled with investment for better treatment of both, covid and non-covid infected persons. Further, the rise in CVD cases and deaths increased more concerns which increased investment for CVD diagnosis and treatment, increasing the industry scope.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Cardiac Marker Analyzer Market, by Cardiac Marker
5.1. Introduction
5.2. Troponin
5.3. Creatine Kinase
5.4. Myoglobin
5.5. Others
6. Cardiac Marker Analyzer Market, by End-Users
6.1. Introduction
6.2. Hospitals and Clinics
6.3. Laboratories
6.4. Ambulatory Surgical Centers
7. Cardiac Marker Analyzer Market, by Geography
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/wsbdum
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