2024 Cardiac Biomarkers Market Overview: Key Insights on Size, Share, and Trends
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What is the Anticipated Growth Speed of the Cardiac Biomarkers Market Between 2024 and 2033?
In recent years, the cardiac biomarkers industry has witnessed a swift expansion. The market size, which stands at $17.22 billion in 2023, is projected to increase to $19.48 billion in 2024, marking a compound annual growth rate (CAGR) of 13.1%. The surge in the historic interval can be ascribed to factors such as heightened healthcare spending, approvals from the Food and Drug Administration (FDA), regulatory assistance, the growing aging population, the prevalence of awareness initiatives, high sensitivity troponin exams, and an uptick in cardiovascular ailments.
The market size for cardiac biomarkers is predicted to experience substantial expansion in the coming years, reaching an estimated worth of $31.88 billion by 2028, with a compound annual growth rate (CAGR) of 13.1%. The anticipated expansion during the forecast period can be related to increasing chronic diseases prevalence, a heightened focus on detecting diseases early and the expansion of the elderly population, progress in emerging markets and an emphasis on biomarker panels. Key trends expected during this forecast period include the adoption of patient-centric healthcare models, the use of artificial intelligence and machine learning, the incorporation of digital health, technological advancements in discovering biomarkers, multi-marker panels, and the usage of liquid biopsy in cardiovascular medicine.
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Which Factors Are Enhancing the Growth of the cardiac biomarkers Market?
The marked increase in cardiovascular diseases is anticipated to fuel the expansion of the cardiac biomarker market in the future. Cardiovascular conditions, which encompass diseases affecting the heart and blood vessels like coronary artery disease, heart failure, and stroke contribute towards this rise. Cardiac biomarkers, which are dispatched into the bloodstream in reaction to certain heart diseases such as myocardial infarction, heart failure, and irregular heartbeat, can be identified through lab tests. Their levels offer vital diagnostic and predictive data. The Centers for Disease Control and Prevention, a United States-based public agency, revealed in May 2023 that in 2021, coronary artery disease took the lives of 375,476 people and that around 1 in 20 adults aged 20 or older suffered from the condition. Furthermore, the disease contributes to roughly 2 in 10 deaths among adults under 65 years old. Therefore, the growing occurrence of cardiovascular conditions fuels the expansion of the cardiac biomarker market.
Which Segments Are Crucial in the Cardiac Biomarkers Market?
1) By Biomarkers Type: Creatine Kinase (CK-Mb), Troponins, Myoglobin, Natriuretic Peptides (BNP And NT-proBNP), Ischemia Modified Albumin (IMA), Other Biomarker Types
2) By Location Of Testing: Point Of Care Testing, Laboratory Testing
3) By Application: Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome (ACS), Atherosclerosis, Other Applications
4) By End User: Hospitals, Specialty Clinics
What Emerging Trends Are Shaping the Future of the Cardiac Biomarkers Market?
Technological progression is a significant trend emerging in the cardiac biomarker industry. Businesses within the sector are embracing new technologies in order to maintain their market standing. For example, in April 2021, Roche Diagnostics, a health company based in Switzerland, unveiled five new procedures for two key cardiac biomarkers, namely highly sensitive cardiac troponin T (cTnT-hs) and the N-terminal pro-brain natriuretic peptide test (NT-proBNP), using Elecsys technology. These approaches facilitate cardiac risk detection, enhance diagnosis, and support early treatment measures, helping to better identify and diagnose patients at risk of cardiovascular issues.
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What Regions Are At the Forefront of Cardiac Biomarkers Market Expansion?
North America was the largest region in the cardiac biomarkers market in 2023. The regions covered in the cardiac biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Cardiac Biomarkers Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the cardiac biomarkers market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Cardiac Biomarkers Market Include
1. Cardiac Biomarkers Market Executive Summary
2. Cardiac Biomarkers Market Segments
3. Cardiac Biomarkers Market Size And Template Market Growth Rate
4. Key Cardiac Biomarkers Market Trends
5. Major Cardiac Biomarkers Market Drivers
……
25. Key Mergers And Acquisitions In The Cardiac Biomarkers Market
26. Top Cardiac Biomarkers Companies
27. Cardiac Biomarkers Market Opportunities And Strategies
28. Cardiac Biomarkers Market, Conclusions And Recommendations
29. Appendix
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