What is Cardiac Marker Testing Market?
Cardiac marker testing is used to evaluate heart functions. It is used in the treatment of myocardial infarction and congestive heart failure by laboratory and point-of-care testing techniques. Cardiac marker testing market has high growth prospects owing to growing healthcare infrastructure in the developing economies, clinical trials for cardiac biomarkers. Further, the increasing number of patients with cardiovascular diseases driving the demand for cardiac market testing. For instance, according to the World Health Organization (WHO) 2018 report, cardiovascular diseases accounted for nearly 836,546 deaths in the United States that’s about 1 of every 3 deaths.
The market study is being classified by Type (Troponin I and T, CK-MB, Myoglobin, Brain Natriuretic Peptide (BNP), C - reactive protein (hsCRP) and Other) and major geographies with country level break-up.
Roche Diagnostics Ltd. (Switzerland), Abbott Laboratories (United States), Siemens AG (Germany), Danaher Corporation (United States), Alere, Inc. (United States), BioMérieux SA (France), Randox laboratories Ltd (United Kingdom), Guangzhou Wondfo Biotech Co., Ltd. (China), Bio-Rad Laboratories, Inc. (United States), Becton (United States) and Dickinson and Company (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Avantra Biosciences (United States), Helomics Corporation (United States) and Enzo Biochem (United States).
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cardiac Marker Testing market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cardiac Marker Testing market by Type, Application and Region.
On the basis of geography, the market of Cardiac Marker Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Prevalence of Cardiovascular Diseases
- Growth in Geriatric Population
Market Trend
- Increasing Application of Point-Of-Care Testing Technique
- Emphasizing On Development of Novel Cardiac Biomarkers
Restraints
- Stringent Government Regulations Regarding Cardiac Marker Testing
Opportunities
- Emphasizing On Clinical Trials for Cardiac Biomarkers
- Growing Healthcare Infrastructure in the Developing Economies
Challenges
- Technical Complications Such As Collection and Storage of Sample
Key Target Audience
Biomarkers Assays and Reagents Manufacturers, Vendors, and Distributors, Contract Research Organizations (CROs), Diagnostic Kit Manufacturing Companies, Imaging Instrument Providers, Market Research and Consulting Firms, Pharmaceutical Companies and Others