Cardiac Marker Testing Market Growth Potential: Key Insights for 2024-2033
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How Will the Cardiac Marker Testing Market Grow from 2024 to 2033?
The cardiac marker testing market has grown rapidly, anticipated to grow from $5.92 billion in 2023 to $6.52 billion in 2024, at a CAGR of 10%. The growth in the historic period can be attributed to the rise in the geriatric population, increasing educational campaigns, rising awareness, improvements in healthcare infrastructure, and an expanding patient population.
The cardiac marker testing market is expected to grow to $9.35 billion by 2028, at a CAGR of 10.2%. This growth is attributed to the rising incidence of cardiovascular diseases, strategic collaborations, and increased demand for point-of-care testing. Trends include advanced diagnostic technologies, automated analyzers, and the emergence of integrative technologies.
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What Aspects Are Influencing the Growth Rate of the cardiac marker testing Market?
The increasing incidence of cardiovascular diseases is expected to drive the growth of the cardiac marker testing market. Cardiovascular diseases affect the heart and blood vessels, with risk factors including poor diet, lack of exercise, smoking, alcohol use, and pollution. Cardiac marker testing is used to diagnose, assess, and monitor heart conditions by detecting specific biomarkers during myocardial injury. For example, in January 2024, the American Heart Association reported a 4.0% increase in the age-adjusted death rate from cardiovascular diseases in the U.S. This rising incidence of cardiovascular diseases will continue to drive demand for cardiac marker testing.
What Are the Critical Segments of the Cardiac Marker Testing Market?
1) By Product: Reagents And Kits, Instruments
2) By Biomarker Type: Troponin I And T, Creatine Kinase-MB (CK-MB1), Natriuretic Peptide, Myoglobin, High-Sensitivity C-Reactive Protein, Other Cardiac Biomarkers
3) By Application: Laboratory Testing Facilities, Point-Of-Care Testing Facilities, Academic Institutions
What Trends Are Redefining Consumer Expectations in the Market?
Leading companies in the cardiac marker testing market are focused on developing advanced cardiac assays to provide precise information about heart health and function. Cardiac assays are diagnostic tests that measure biomarkers to assess heart function and diagnose cardiovascular conditions. In October 2023, Mindray launched troponin I (hs-cTnI) and NT-proBNP assays, designed for heart disease diagnosis. The hs-cTnI assay offers exceptional sensitivity, achieving a 93% detection rate for myocardial injury, while the NT-proBNP assay helps in managing heart failure with a coefficient of variation (CV) below 5% and minimizing interference from common medications.
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What Are the Leading Regions in the Cardiac Marker Testing Market Expansion?
North America was the largest region in the cardiac marker testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac marker testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Cardiac Marker Testing 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 marker testing market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Cardiac Marker Testing Market Include
1. Cardiac Marker Testing Market Executive Summary
2. Cardiac Marker Testing Market Segments
3. Cardiac Marker Testing Market Size And Template Market Growth Rate
4. Key Cardiac Marker Testing Market Trends
5. Major Cardiac Marker Testing Market Drivers
……
25. Key Mergers And Acquisitions In The Cardiac Marker Testing Market
26. Top Cardiac Marker Testing Companies
27. Cardiac Marker Testing Market Opportunities And Strategies
28. Cardiac Marker Testing Market, Conclusions And Recommendations
29. Appendix
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