PUBLISHER: Orion Market Research | PRODUCT CODE: 1159258
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159258
Global Cardiac Marker Market Size, Share & Trends Analysis Report By Type (Creatine Kinase, Troponins, Myoglobin, Ischemia Modified Albumin, And Others), By Application (Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome, Atherosclerosis, And Others), And By Location Of Testing (Laboratory Testing And Point Of Care Testing) Forecast 2022-2028
The global Cardiac Marker Market is anticipated to grow at a CAGR of 8.9% globally during the period which is taken for study. According to Food and Drug Administration is US, people who are more in weight as compared to their body mass index, were at 32% higher risk of getting infected by coronary artery disease. People who are affected by obesity when compared with people who have a normal body mass index are at a risk of 81% of getting infected by coronary artery disease. Another driver for the cardiac marker market is people globally suffering from health issues like hypertension, dyslipidemia, diabetes which further cause other health issues. Technological advancements are however making this market more flexible, and more growth can be seen with respect to testing. For instance, in May 2020, Sagentia medical, which is a research organization in the UK said that companies are working to improve the sensitivity of devices so that testing can be done on smaller samples. Abbott's i-state 1 cartridge is capable of testing cardiac markers, chemical proportion, and many other tests on one cartridge.
The global cardiac marker market is segmented based on type, application, and testing. Based on type, the market is segmented into creatine kinase, troponins, myoglobin, ischemia modified albumin, and others. Based on the application, the market is sub-segmented into myocardial infarction, congestive heart failure, acute coronary syndrome, atherosclerosis, and others. Based on testing, the market is sub-segmented laboratory testing and point of care testing. When we go through the segments as per the application, the acute coronary syndrome is anticipated to grow at a prominent rate in the forecasted period. This segment will see a rise as the major population is suffering from obesity and overweight issues which is the major reason for coronary syndrome. For instance, in June 2021, diagnostic company Angel medical system Inc. announced the approval of the FDA on the angel med guardian device.
Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific is going to be a prominent market for cardiac marker as with changing times, healthcare facilities in these regions are transforming rapidly. The medical sector is experiencing a continuous change through clinical laboratory technology. For instance, in Sept 2021, Biopharmaceutical company AstraZeneca has announced tying up with imperial college London startup VaxEquity to research on its Vaccine which was prepared for Coronavirus, as to how it can work on Heart disease.
The major companies serving the global cardiac marker market include Roche Diagnostics Ltd., Abbott Laboratories, Siemens Healthineers AG, Danaher Corp., Bio Merieux SA, and others. Market players are working consistently and joining hands to work in the area of cardiology. For instance, in Dec 2020, two of the prominent players in the health sector and pharmaceuticals, BridgeBio Pharma and Maze therapeutics have established a joint venture which will focus on manufacturing advanced medicines for cardiovascular disease.
Research Methodology
The market study of the global cardiac marker market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: