Industry Insights
According to this new report, the global cardiac biomarkers testing market is estimated to be valued at US$ 5.7 billion in the year 2028, growing at a CAGR of 8.5% in the period 2020 to 2028. Growth of the market is driven by the prevalence of cardiovascular cases, increasing geriatric population, higher precision and its non-invasiveness.
Cardiac biomarkers testing is used for diagnosis of various cardiovascular diseases such as cardiac ischemia, myocardial infarction, congestive heart failure, and acute coronary syndrome. Cardiac Biomarkers are basically protein molecules that are released into the bloodstream after heart damage or heart-stress. Hence measuring biomarkers usually serves as an important early step in diagnosing a heart attack.
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The use of cardiac biomarkers in combination are widely applied in clinical diagnosis, risk stratification, and management of patients with or without cardiovascular diseases. One of the potent cardiac biomarker combinations is that of cTn and BNP which is quantitative markers of cardiac damage.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Cardiac Biomarkers Testing Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Report Scope
This report “Global Cardiac Biomarkers Testing Market [By Type – Creatine Kinase (CK-MB), Myoglobins, Ischemia Modified Albumin (IMA), Troponins & Natriuretic Peptides; By Application – Acute Coronary Syndrome, Myocardial Infarction, Congestive Heart Failure & Atherescelerosis; By Testing Location – POC Testing & Laboratory Testing; By Region- North America (The US), Europe (The UK & Germany) & Asia Pacific (China & Japan)] Market Outlook 2027” provides detailed analysis of the global cardiac biomarkers testing market from qualitative and quantitative outlooks during the forecast period across various regional markets. It also provides coverage on market dynamics with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
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Parameter Description
Base year: 2016
Forecast period: 2020 – 2028
Market sizing: Revenue in US$ Billions & CAGR for the period 2016 to 2028
Country coverage: The US, The UK, Germany, Japan & China
Vendor scope: Roche Diagnostics, Abbott Laboratories, Siemens Healthcare, Becton, Dickinson and Company, Bio-Rad Laboratories & BioMerieux
Report coverage: Revenue forecast, market share analysis, company analysis, competitive landscape, market growth drivers, market restraints, market trends and company profiles
Segments Covered
The report provides revenue forecasts for global, regional, and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, the publisher has segmented global cardiac biomarkers testing market report on the basis of type, applications, testing location and geography.
Biomarkers Testing Type Outlook
Creatine Kinase (CK-MB)
Myoglobins
Ischemia Modified Albumin (IMA)
Troponins
Natriuretic Peptides
Biomarkers Testing Application Outlook
Acute Coronary Syndrome
Myocardial Infarction
Congestive Heart Failure
Atherescelerosis
Biomarkers Testing Location Outlook
POC Testing
Laboratory Testing
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Regional Outlook
North America
Europe
Asia Pacific
Country Outlook
The US
The UK
Germany
Japan
China
Vendors Outlook
Roche Diagnostics
Abbott Laboratories
Siemens Healthcare
Becton, Dickinson, and Company
Bio-Rad Laboratories
BioMerieux
Target Audience
Drug Manufacturers
Chemical Suppliers
End Users
Research Professionals
Healthcare Consultancies
Regulatory Bodies
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Key Questions Answered in the Report
The historical market size of the cardiac biomarkers testing market in value terms in the period 2016 to 2019 in US$ Billions.
Projected market growth in the forecasted period 2020 to 2028 with estimated revenue for each year in US$ Billions.
Regional and country analysis of the cardiac biomarkers testing market is provided for the period 2018 to 2028.
Market drivers, restraints and industry trends that has an impact on revenue.
Profiling of major companies with a detailed analysis of their cardiac biomarkers testing products.
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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