About Troponin Diagnostic Tests
A troponin test is to measures the level of troponin in blood. A protein found in the muscles of your heart, which isn't normally found in the blood. Troponin is sent into the bloodstream when heart muscles become damaged. This test is most prominently used to diagnose a heart attack. Along with this also used to monitor angina, which limits blood flow to the heart and causes chest pain. It has been estimated that 840,000 Americans die of cardiovascular diseases each year. In 2017 Food and Drug Administration (FDA) approved since then many laboratories in the U.S. used high-sensitivity troponin tests.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.2% |
Major manufacturers of the products are well-established pharma companies and they are mainly focusing on the research and development of the products like up-gradation of testing kit 4th generation to 5th generation which is more accurate, can detect a fraction of fluctuations in troponin. Although the leading pharma companies focusing on more acquisitions of the small scale companies to reach out. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Troponin Diagnostic Tests market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Diagnostics, Inc. (United States.), F. Hoffmann-La Roche Ltd (Switzerland), BioMrieux SA (France), BG Medicine, Inc. (United States), Singulex, Inc. (United States), Alere, Inc. (United States), Siemens Healthcare Diagnostics, Inc. (Germany), Beckman Coulter, Inc. (United States), LifeSign LLC (United States) and Danaher Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Thermo Fisher Scientific, Inc. (United States), Bio-Rad Laboratories, Inc. (United States) and Ortho-Clinical Diagnostics, Inc. (India).
Segmentation Overview
AMA Research has segmented the market of Global Troponin Diagnostic Tests market by Type (Troponin I ELISA Test and Troponin Rapid test) and Region.
On the basis of geography, the market of Troponin Diagnostic Tests has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Sales Channels, the sub-segment i.e. Online Sales Channel {Company Website, E-Commerce Platform} will boost the Troponin Diagnostic Tests market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Qualitative Cardiac Troponin I Rapid Test (Qualitative cTnI) will boost the Troponin Diagnostic Tests market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High sensitivity troponin test kits products
Market Growth Drivers:
By application, the global troponin market is driven into acute coronary syndrome, myocardial infarction, which is a leading application of troponin
Challenges:
Time taking process creates many challenges to lower-sensitivity troponin assays
Restraints:
Major restraints for troponin diagnostic kits was observed that 68% of test kits used for the diagnosis of physically injured patients, followed by older people
Opportunities:
Developmental opportunities for Troponin diagnostic kits are majorly in prize of the kit, home testing kits and availability of the kit
Market Leaders and their expansionary development strategies
In October 2023, Mediport, a company that provides a service that monitors interstate transport companies, and GE HealthCare, an independent healthcare technology and diagnostics company, inaugurated the first of its kind One-Stop Clinic to serve cardiology patients. Patients visiting the clinic will receive a same-day diagnosis and care plan.
In March 2024, Polymedco received 510(k) clearance from the US Food and Drug Administration (FDA) for its rapid troponin assay as part of its Pathfast Biomarker Analyser. The troponin assay (hs-CTnl-II) detects the presence of cardiac troponin I, an acute change in its concentration is indicative of myocardial infarction. It is a biomarker of choice for diagnosing acute myocardial infarction.
Key Target Audience
Hospitals, Medical Institutes and Pathology Labs
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.