Cardiac Marker Testing Market Analysis and Forecast till 2031: By Product (Reagents & Kits, Instruments), Biomarker Type (Troponin I & T, CK-MB, Bnp or Nt-Probnp, Myoglobin, Hscrp, Others), Disease (Myocardial Infarction, Congestive Heart Failure, Acute C

Cardiac Marker Testing Market Analysis and Forecast till 2031: By Product (Reagents & Kits, Instruments), Biomarker Type (Troponin I & T, CK-MB, Bnp or Nt-Probnp, Myoglobin, Hscrp, Others), Disease (Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome, Atherosclerosis, Ischemia), End User (Laboratory Testing Facilities, Academic Institutions, Point of Care Testing Facilities), and Region

The global cardiac marker testing market was valued at USD 3.9 billion in 2021 and it is anticipated to grow at 10.4% CAGR during the forecast period to reach up to USD 10.5 billion by 2031.

Cardiac markers are utilized in the treatment and risk stratification of patients with the suspected coronary acute syndrome (ACS). Troponin I and T, HDCRP, myoglobin, CK-MB, and other cardiac marker tests are among the most common. When the heart is stressed or injured, substances called cardiac markers are released into the blood. Hormones, enzymes, and proteins are examples of these markers. These biomarkers can be helpful to detect a variety of heart disorders, comprising acute coronary syndrome, cardiac ischemia, and conditions involving obstructed blood flow to the heart. Physicians perform several cardiac marker tests over several hours to keep track of the blood sugar increase and determine the severity of a heart attack.

Global Cardiac Marker Testing Market Scope and Report Structure

Market Trends and Drivers

The key factor boosting the growth of the market is the growing incidence of cardiovascular diseases. The prevalence of lifestyle diseases such as hypertension, obesity, dyslipidemia, and diabetes, which are major risk factors for CVD, is also on the rise. In 2016, more than 1.9 billion adults globally were overweight; of these, over 600 million people were obese. It is anticipated that ~41% of the world’s population will be overweight or obese by 2030. The association between obesity and the risk of coronary heart disease was published by investigators (Bogers RP, Bemelmans WJ, Hogeveen RT, et al.) by a meta-analysis of 21 long-term studies conducted by them with more than 300,000 participants. It was witnessed that participants who were overweight had a 32% higher risk of developing coronary artery disease (CAD), and those who were obese had an 81% higher risk as compared with participants who were a normal weight.

Market Restraints and Challenges

The major factor hindering the market growth is technical problems related to sample collection and storage. Many epidemiology studies use cardiac biomarkers to investigate different stages of diseases in humans. It requires careful handling and storage of precious biological samples with the goal of obtaining a large amount of information from limited samples and reducing future research costs with the use of banked samples. Sample collection is thus one of the key issues faced by service providers, followed by access to these samples. Similarly, stringent quality control is also required for these samples, and they need to be stored under the right conditions to avoid any damage. Adding to that, different samples are required for risk detection, screening, diagnosis, and monitoring processes. The validity of results from cardiac biomarker studies using archived specimens is dependent on the integrity of specimens and the manner in which they were collected, processed, and stored.

Global Cardiac Marker Testing Market Segmentation

The report analyses global cardiac marker testing market based on product, biomarker type, disease, end user, and region.

Global Cardiac Marker Testing by Product

Based on product, it is segmented into reagents & kits, and instruments. The reagents and kits segment is likely to dominate the market during the forecast period. The growing number of cardiac marker testing procedure, accessibility to a wide range of cardiac biomarker reagents and kits combined with growing demand for reliable, specific, and faster detection of cardiovascular diseases at an early stage are the primary factor boosting the market growth during the forecast period.

Global Cardiac Marker Testing Market by Biomarker Type

Based on biomarker type, it is segmented into troponin I and T, CK-MB, Bnp or Nt-Probnp, Myoglobin, Hscrp, and others. Troponin I and T is anticipated to be the fastest-growing segment in the cardiac marker testing market. The large share of this segment can be attributed to high sensitivity and specificity, long elevation times, and rapid prediction of outcome or mortality.

Global Cardiac Marker Testing Market by Disease

Based on disease, it is segmented into myocardial infarction, congestive heart failure, acute coronary syndrome, atherosclerosis, and ischemia. The myocardial infarction segment is likely to dominate the market during the forecast period. The key factors such as the growing incidence of cardiovascular diseases coupled with the rapidly increasing geriatric population and the subsequent increase in the burden of heart diseases across the globe are boosting the growth of the market.

Global Cardiac Marker Testing Market by End User

Based on end user, it is segmented into laboratory testing, academic institutions, and point of care testing facilities. The laboratory testing segment is likely to dominate the market during the forecast period. The key factors such as growing funding from public and private organizations for research on cardiac biomarkers coupled with ongoing clinical trials for the identification of novel cardiac biomarkers are boosting the growth of the market.

Geographical Analysis of Global Cardiac Marker Testing Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the rest of the World. The North America is likely to dominate the market during the forecast period. The increasing incidence of cardiovascular diseases coupled with growing public and private investments, NIH support for the development of novel cardiac biomarkers, and the rising geriatric population is boosting the market growth.

Major Players in Global Cardiac Marker Testing Market

COVID-19 Impact

The cardiac marker testing market is also faced a period of short-term negative growth, which can be attributed to factors such as a greater than 50% drop in the number of patients with cardiovascular conditions and those diagnosed with myocardial infarction. All areas of cardiology service provision sustained significant reductions, which comprises outpatient clinics, investigations, procedures, and cardiology community services like cardiac rehabilitation.

Recent Developments

• May 2020, Roche acquired Stratos genomics to further develop DNA.
• April 2019, Roche diagnostics launched the VITROS high-sensitivity Troponin I assay.
• May 2019, Abbott launched the next generation smartphone connectable confirm RX, which FDA and CE Mark accept for implantable continuous cardiac monitoring. It is for quick and early diagnosis of remote monitoring heart problems.

Frequently Asked Questions1. How big is the cardiac marker testing market?Ans. The global cardiac marker testing market size was USD 3.9 Million in 2021 and is anticipated to reach USD 10.5 Million in 2031, growing at a rate of 10.5% from 2022 to 2031.2. What is the cardiac marker testing market growth rate?Ans. The growth rate of the cardiac marker testing market is 10.5% from 2022 to 2031.3. Which region holds a major market share for the cardiac marker testing market?Ans. North America holds a major market share of the cardiac marker testing market in 2021.4. Which segment accounted for the largest cardiac marker testing market share?Ans. By disease, the myocardial infarction segment accounted for the largest cardiac marker testing market share5. Who are the key players in the cardiac marker testing market?Ans. The global cardiac marker testing market report includes players such as Roche Diagnostics Ltd. (Switzerland), Abbott Laboratories (US), Siemens Healthineers AG (Germany), Danaher Corporation (US), bioMérieux SA (France), LSI Medience Corporation (Japan), Ortho Clinical Diagnostics (US), Randox laboratories Ltd. (UK), Guangzhou Wondfo Biotech Co., Ltd (China), DiaSorin S.p.A. (Italy), Becton, Dickinson and Company (US), Bio-Rad Laboratories, Inc. (US), PerkinElmer Inc. (US), Thermo Fisher Scientific Inc. (US), Tosoh Corporation (Japan.6. What are the factors driving the cardiac marker testing market growth?Ans. The major factors driving the growth of the market are the increasing incidences of cancer.7. What are the key growth strategies of cardiac marker testing market players?Ans. The key growth strategies of cardiac marker testing market players are product launch and product approval.8. Which region will provide more business opportunities for the cardiac marker testing market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the cardiac marker testing market during the forecast period.

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