Comprehensive Analysis of the Cardiac Marker Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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What is the Projected Compound Annual Growth Rate (CAGR) of the Cardiac Marker Market from 2025 to 2034, and What Factors Influence It?
In recent times, the cardiac marker market has expanded swiftly. It is projected to escalate from $11.26 billion in 2024 to $12.47 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.8%. Factors such as the rising occurrence of cardiovascular conditions, population aging and cardiovascular risk, the introduction of health awareness campaigns and screenings, the incorporation of biomarkers into clinical practice, and strict regulatory norms and guidelines have all contributed to this historical growth trend.
In the forthcoming years, the cardiac marker market is set to experience substantial growth with an expected value of $20.35 billion by 2029, witnessing a compound annual growth rate (CAGR) of 13.0%. The expansion in the forecast period is attributed to factors such as the increasing incidence of lifestyle-related illnesses, the adoption of remote monitoring and telemedicine, precision diagnostics and personalized medicine, the uptake of point-of-care testing (POCT), and partnerships and collaborations in the healthcare sector. Key trends predicted for the forecast period encompass discovery and validation of biomarkers, customized medical treatment strategies, advancements in diagnostic platform technology, integration of highly sensitive troponin tests, and an increase in the rate of cardiovascular diseases.
What Industry-Specific Factors Are Fueling the Growth of the cardiac marker Market?
The growing frequency of heart-related conditions is likely to boost the expansion of the cardiac marker market in the future. Cardiac disorders encompass a variety of conditions that influence the heart’s structure or function, leading to an array of health problems. Cardiac markers play a pivotal role in the detection and monitoring of multiple heart-related conditions such as heart attacks, angina, heart failure, and other cardiovascular diseases. Consequently, there has been an uptick in the demand for diagnostic tests or cardiac markers. For example, the British Heart Foundation, a cardiovascular research charity based in the UK, reported that England experienced 30,000 additional deaths from coronary heart disease from the onset of the pandemic until August 2022. An unprecedented 346,000 individuals were on a cardiac waiting list by the end of August 2022. For these reasons, the growing incidence of heart diseases is predicted to drive the growth of the cardiac marker market.
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Who Are the Leading Players Fueling Growth in the Cardiac Marker Market?
Major companies operating in the cardiac marker market include:
• Abbott Laboratories Inc._x000D_
• Siemens AG_x000D_
• Danaher Corporation_x000D_
• BioMérieux SA_x000D_
• F. Hoffmann-La Roche AG_x000D_
What Are the Emerging Trends Shaping the Future of the Cardiac Marker Market?
A prominent trend emerging in the cardiac marker market is the emphasis on product innovation. Leading market players are concentrating on pioneering solutions to cement their standing in the market. For example, in September 2022, a biotechnology company from Singapore, MiRxes, confirmed a diagnostic test based on microRNA for early identification and diagnosis of diseases. Upon commercialization, this test will augment MiRxes’ assortment of blood tests for cancer, delivering a comprehensive set of early detection alternatives that aim to mitigate the growing clinical and socioeconomic impact of deadly diseases such as cancer and cardio-pulmonary disorders.
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Which Primary Segments of the Cardiac Marker Market Are Driving Growth and Industry Transformations?
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)
Which Regions Are Driving Growth in 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
What Defines the Scope of the Cardiac Marker Market?
Cardiac markers are biomolecules that are released into the bloodstream when there is damage or stress to the heart muscle. It is used to diagnose and monitor a variety of cardiac diseases, including heart attacks, angina, and heart failure.
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