BNP And NTproBNP Market By Application (Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome (ACS), Others), By Location of Testing (Point of Care Testing, Laboratory Testing): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global bnp and ntprobnp market was valued at $1.1 billion in 2021 and is projected to reach $3.4 billion by 2031, growing at a CAGR of 12.2% from 2022 to 2031. BNP (B-type natriuretic peptide) and NTproBNP (N-terminal pro-B-type natriuretic peptide) are the peptide hormones secreted by cardiomyocytes in the heart. BNP and NT-proBNP levels in the blood are increased due to ventricle stretching caused by increased ventricular blood volume. Therefore, BNP and NT-proBNP levels in the blood can be used as markers for heart failure. The elevated levels of these peptides are indicative of heart failure and can help in the diagnosis and management of the condition. In addition, they can also be used to monitor the progression of heart failure and predict the risk of hospitalization. These reagents are used to detect the risk of myocardial infarction, acute coronary syndrome (ACS), congestive heart failure, and other cardiac diseases.
The BNP and NTproBNP market growth is driven by an increase in the number of patients who suffer from various cardiovascular diseases, an increase in the use of BNP and NTproBNP as diagnostic biomarkers, and an increase in awareness about the use of BNP and NTproBNP biomarkers in the diagnosis and management of heart failure. There is a rapid decrease in the prevalence of cardiovascular diseases such as myocardial infarction, and congestive heart failure (CHF), therefore, the diagnosis of these cardiac diseases is notably important in clinical and forensic medication which is expected to drive the demand for BNP and NTproBNP biomarkers. For instance, according to the data published by American Heart Association (AHA), in January 2021, an estimated 805,000 Americans may experience acute coronary syndrome (ACS) events annually out of which 605,000 cases will be new attacks and 200,000 are recurrent attacks. In addition, as per the same source, Americans are projected to suffer from acute coronary syndrome events nearly every 40 seconds. Thus, the rise in the prevalence of cardiovascular diseases has resulted in increased demand for BNP and NTproBNP which, in turn, contribute to market growth.
Furthermore, a rise in the development of new assay methods and reagents is the key factor that boosts market growth. For instance, in December 2022, granted a patent in the U.S. for NT-proBNP. The Gentian NT-proBNP immunoassay is used in the diagnosis and assessment of severe congestive heart failure (CHF), in suspected individuals. The pre-launch of NT-proBNP immunoassay will help the company to gain a strong foothold in BNP and NTproBNP market, as it is cost-effective and provide an accurate diagnosis of cardiac disease.
However, the factor that restrains market growth includes limited specificity and strict regulatory policies for product approval limiting the adoption of BNP and NTproBNP.
On the other hand, an increase in awareness about early disease diagnosis has increased the demand for BNP and NTproBNP for the diagnosis of cardiovascular diseases in developed countries such as the U.S., and Canada, and is expected to create immense opportunities for the growth of the BNP and NTproBNP market during the forecast period.
The BNP and NTproBNP market is segmented on the basis of application, location of testing, and region. On the basis of application, the market is classified into myocardial infarction, congestive heart failure (CHF), acute coronary syndrome (ACS), and others. On the basis of the location of testing, the market is segmented into point-of-care testing and laboratory testing. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global BNP and NTproBNP Market are Abbott Laboratories, BioMerieux SA, Bio-Rad Laboratories, Inc., Danaher Corporation, F. Hoffman La Roche Ltd., Gentian Diagnostics ASA, PerkinElmer Inc., Quidel Corporation, Scripps Laboratories, and Siemens AG.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bnp and ntprobnp market analysis from 2021 to 2031 to identify the prevailing bnp and ntprobnp market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the bnp and ntprobnp market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes analysis of the regional as well as global bnp and ntprobnp market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Myocardial Infarction
Congestive Heart Failure
Acute Coronary Syndrome (ACS)
Others
By Location of Testing
Point of Care Testing
Laboratory Testing
By Region
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Australia
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Scripps Laboratories
Abbott Laboratories
Danaher Corporation
Gentian Diagnostics ASA
Siemens AG
PerkinElmer Inc.
Biomerieux SA
Quidel Corporation
Bio-Rad Laboratories, Inc.
F Hoffman La Roche Ltd.
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