Global Precision Cardiology Market By Offering (Products v/s Service), By Sample Type (Blood v/s Non-Blood), By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Others), By Application (Cardiomyopathy, Arrhythmia, Aortopathy and Vascular Diseases, Others), By End User (Hospitals & Clinics, Academic & Research Institutions, Others) and By Region, Competition Forecast and Opportunities, 2027
Global precision cardiology market is anticipated to register growth at an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to the rising geriatric population as they are more susceptible to such ailments. In addition, the growing prevalence of cardiovascular diseases, owing to the adoption of unhealthy and sedentary lifestyles such as eating junk and processed foods, restricted physical activities, and high alcohol consumption, are creating greater need for precision cardiology.
Precision cardiology (PM) refers to an integrative approach of dealing with cardiovascular disease prevention and treatment. This approach proposes the customization of healthcare treatments, procedures, and medicines depending on the patient’s genetics, lifestyle, and other molecular or cellular analysis. Precision cardiology involves treatment tailored to a subgroup of patients with shared characteristics for improved outcomes. Besides, growing awareness regarding precision cardiology, coupled with its increased adoption by healthcare providers, is fueling the market growth. This is primarily because, precision cardiology helps healthcare providers in better understanding several things such as the patient’s environment, lifestyle, and heredity, which might positively influence the result of the treatment. Thus, healthcare providers across the globe are increasingly employing precision cardiology to accurately predict the right, safe, and most effective treatment for the patient.
Artificial Intelligence in Precision Cardiology Fuels the Market Growth
The integration of AI with precision cardiology is acting as a major growth-inducing factor for the global precision cardiology market. Machine learning algorithms are utilized to analyze and draw inferences from the huge amounts of data generated from patients and healthcare institutions. AI techniques are also used in genome sequencing and precision cardiovascular medicine to understand phenotypes and genotypes in the existing diseases and improve the quality of patient care. This signifies that the rate of hospital readmissions and mortality will reduce over the coming years, hence making the overall healthcare cost-effective for the patients.
Rising Prevalence of Cardiovascular Diseases Boost the Market Growth
The global precision cardiology market is witnessing a robust growth due to the rising cases of cardiovascular disorders such as coronary artery disease (CAD). According to a report, in 2020, nearly 697,000 people in the United States died from heart disease, that equals to one in every five deaths. As a result, the patients are increasingly inclining towards early detection and screening in order to prevent the disease from becoming fatal. Furthermore, several leading market players are focusing on the development of precision cardiology tests based on advanced sequencing technologies to support healthcare professionals in taking informed decisions in the field of cardiovascular care. All the aforementioned factors are anticipated to propel the global precision cardiology market in the coming years.
Market Segmentation
The global precision cardiology market is segmented on the basis of offering, sample type, technology, application, end user, competitive landscape, and regional distribution. Based on offering, the market is bifurcated into products and services. By sample type, the market is fragmented between blood and non-blood. By technology, the market is divided among sequencing, polymerase chain reaction, microarray, and others. Based on the application, the market is segmented into cardiomyopathy, arrhythmia, aortopathy and vascular diseases, and others. On the basis of end user, the global market is segmented hospitals & clinics, academic & research institutions, and others. The market analysis also studies the regional segmentation, divided among North America, Europe, Asia Pacific, Middle East and Africa, South America. In terms of country, the United States is expected to hold a significant share in the global precision cardiology market, owing to the advanced healthcare infrastructure and increasing mortality rates from cardiovascular disorders in the country.
Company Profile
Eurofins Genomics LLC, Laboratory Corporation of America Holdings, Thermos Fischer Scientific, Inc., PerkinElmer, Inc., Sema4 OpCo, Inc., Quest Diagnostics Inc., OraSure Technologies, Inc., OPKO Health, Inc., Invitae Corporation, Illumina, Inc., Fulgent Genetics, Inc., Exact Sciences Corporation, CENTOGENE N.V., Konica Minolta, Inc., and Devyser Diagnostics AB are the leading market players in the global precision cardiology market.
Report Scope:
In this report, the global precision cardiology market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Precision Cardiology Market, By Offering:
- Products
- Services
- Precision Cardiology Market, By Sample Type:
- Blood
- Non-Blood
- Precision Cardiology Market, By Technology:
- Sequencing
- Polymerase Chain Reaction
- Microarray
- Others
- Precision Cardiology Market, By Application:
- Cardiomyopathy
- Arrhythmia
- Aortopathy and Vascular Diseases
- Others
- Precision Cardiology Market, By End User
- Hospitals & Clinics
- Academic & Research Institutions
- Others
- Precision Cardiology Market, By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Company Profiles: Detailed analysis of the major companies present in Global Precision Cardiology Market.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Product Overview
- 2. Research Methodology
- 3. Executive Summary
- 4. Impact of COVID-19 on Global Precision Cardiology Market
- 5. Voice of Customer
- 5.1. Precision Cardiology Awareness
- 5.2. Cardiovascular Diseases Prevalence, By Gender
- 5.3. Cardiovascular Diseases Prevalence, By Age Group
- 5.4. Cardiovascular Diseases Prevalence, Region
- 5.5. Benefits of Using Precision Medicine in Cardiology
- 6. Clinical Trial Analysis
- 7. Patent Analysis
- 8. Global Precision Cardiology Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Offering (Products v/s Services)
- 8.2.2. By Sample Type (Blood v/s Non Blood)
- 8.2.3. By Technology (Sequencing, Polymerase Chain Reaction, Microarray, Others)
- 8.2.4. By Application (Cardiomyopathy, Arrhythmia, Aortopathy and Vascular Diseases, Others)
- 8.2.5. By End User (Hospitals & Clinics, Academic & Research Institutions, Others)
- 8.2.6. By Region
- 8.2.7. By Company (2021)
- 8.3. Product Market Map
- 9. North America Precision Cardiology Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Offering
- 9.2.2. By Sample Type
- 9.2.3. By Technology
- 9.2.4. By Application
- 9.2.5. By End User
- 9.2.6. By Country
- 9.3. North America: Country Analysis
- 9.3.1. United States Precision Cardiology Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Offering
- 9.3.1.2.2. By Sample Type
- 9.3.1.2.3. By Technology
- 9.3.1.2.4. By Application
- 9.3.1.2.5. By End User
- 9.3.2. Mexico Precision Cardiology Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Offering
- 9.3.2.2.2. By Sample Type
- 9.3.2.2.3. By Technology
- 9.3.2.2.4. By Application
- 9.3.2.2.5. By End User
- 9.3.3. Canada Precision Cardiology Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Offering
- 9.3.3.2.2. By Sample Type
- 9.3.3.2.3. By Technology
- 9.3.3.2.4. By Application
- 9.3.3.2.5. By End User
- 10. Europe Precision Cardiology Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Offering
- 10.2.2. By Sample Type
- 10.2.3. By Technology
- 10.2.4. By Application
- 10.2.5. By End User
- 10.2.6. By Country
- 10.3. Europe: Country Analysis
- 10.3.1. France Precision Cardiology Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Offering
- 10.3.1.2.2. By Sample Type
- 10.3.1.2.3. By Technology
- 10.3.1.2.4. By Application
- 10.3.1.2.5. By End User
- 10.3.2. Germany Precision Cardiology Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Offering
- 10.3.2.2.2. By Sample Type
- 10.3.2.2.3. By Technology
- 10.3.2.2.4. By Application
- 10.3.2.2.5. By End User
- 10.3.3. United Kingdom Precision Cardiology Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Offering
- 10.3.3.2.2. By Sample Type
- 10.3.3.2.3. By Technology
- 10.3.3.2.4. By Application
- 10.3.3.2.5. By End User
- 10.3.3.2.6. By Ecosystem
- 10.3.3.2.7. By Application
- 10.3.4. Italy Precision Cardiology Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Offering
- 10.3.4.2.2. By Sample Type
- 10.3.4.2.3. By Technology
- 10.3.4.2.4. By Application
- 10.3.4.2.5. By End User
- 10.3.5. Spain Precision Cardiology Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. B By Offering
- 10.3.5.2.2. By Sample Type
- 10.3.5.2.3. By Technology
- 10.3.5.2.4. By Application
- 10.3.5.2.5. By End User
- 10.3.5.2.6. y Ecosystem
- 10.3.5.2.7. By Application
- 11. Asia-Pacific Precision Cardiology Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Offering
- 11.2.2. By Sample Type
- 11.2.3. By Technology
- 11.2.4. By Application
- 11.2.5. By End User
- 11.2.6. By Country
- 11.3. Asia-Pacific: Country Analysis
- 11.3.1. China Precision Cardiology Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Offering
- 11.3.1.2.2. By Sample Type
- 11.3.1.2.3. By Technology
- 11.3.1.2.4. By Application
- 11.3.1.2.5. By End User
- 11.3.2. India Precision Cardiology Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Offering
- 11.3.2.2.2. By Sample Type
- 11.3.2.2.3. By Technology
- 11.3.2.2.4. By Application
- 11.3.2.2.5. By End User
- 11.3.3. South Korea Precision Cardiology Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Offering
- 11.3.3.2.2. By Sample Type
- 11.3.3.2.3. By Technology
- 11.3.3.2.4. By Application
- 11.3.3.2.5. By End User
- 11.3.4. Japan Precision Cardiology Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Offering
- 11.3.4.2.2. By Sample Type
- 11.3.4.2.3. By Technology
- 11.3.4.2.4. By Application
- 11.3.4.2.5. By End User
- 11.3.5. Australia Precision Cardiology Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Offering
- 11.3.5.2.2. By Sample Type
- 11.3.5.2.3. By Technology
- 11.3.5.2.4. By Application
- 11.3.5.2.5. By End User
- 12. South America Precision Cardiology Market Outlook
- 12.1. Market Size & Forecast
- 12.1.1. By Value
- 12.2. Market Share & Forecast
- 12.2.1. By Offering
- 12.2.2. By Sample Type
- 12.2.3. By Technology
- 12.2.4. By Application
- 12.2.5. By End User
- 12.2.6. By Country
- 12.3. South America: Country Analysis
- 12.3.1. Brazil Precision Cardiology Market Outlook
- 12.3.1.1. Market Size & Forecast
- 12.3.1.1.1. By Value
- 12.3.1.2. Market Share & Forecast
- 12.3.1.2.1. By Offering
- 12.3.1.2.2. By Sample Type
- 12.3.1.2.3. By Technology
- 12.3.1.2.4. By Application
- 12.3.1.2.5. By End User
- 12.3.2. Argentina Precision Cardiology Market Outlook
- 12.3.2.1. Market Size & Forecast
- 12.3.2.1.1. By Value
- 12.3.2.2. Market Share & Forecast
- 12.3.2.2.1. By Offering
- 12.3.2.2.2. By Sample Type
- 12.3.2.2.3. By Technology
- 12.3.2.2.4. By Application
- 12.3.2.2.5. By End User
- 12.3.3. Colombia Precision Cardiology Market Outlook
- 12.3.3.1. Market Size & Forecast
- 12.3.3.1.1. By Value
- 12.3.3.2. Market Share & Forecast
- 12.3.3.2.1. By Offering
- 12.3.3.2.2. By Sample Type
- 12.3.3.2.3. By Technology
- 12.3.3.2.4. By Application
- 12.3.3.2.5. By End User
- 13. Middle East and Africa Precision Cardiology Market Outlook
- 13.1. Market Size & Forecast
- 13.1.1. By Value
- 13.2. Market Share & Forecast
- 13.2.1. By Offering
- 13.2.2. By Sample Type
- 13.2.3. By Technology
- 13.2.4. By Application
- 13.2.5. By End User
- 13.2.6. By Country
- 13.3. MEA: Country Analysis
- 13.3.1. South Africa Precision Cardiology Market Outlook
- 13.3.1.1. Market Size & Forecast
- 13.3.1.1.1. By Value
- 13.3.1.2. Market Share & Forecast
- 13.3.1.2.1. By Offering
- 13.3.1.2.2. By Sample Type
- 13.3.1.2.3. By Technology
- 13.3.1.2.4. By Application
- 13.3.1.2.5. By End User
- 13.3.2. Saudi Arabia Precision Cardiology Market Outlook
- 13.3.2.1. Market Size & Forecast
- 13.3.2.1.1. By Value
- 13.3.2.2. Market Share & Forecast
- 13.3.2.2.1. By Offering
- 13.3.2.2.2. By Sample Type
- 13.3.2.2.3. By Technology
- 13.3.2.2.4. By Application
- 13.3.2.2.5. By End User
- 13.3.3. UAE Precision Cardiology Market Outlook
- 13.3.3.1. Market Size & Forecast
- 13.3.3.1.1. By Value
- 13.3.3.2. Market Share & Forecast
- 13.3.3.2.1. By Offering
- 13.3.3.2.2. By Sample Type
- 13.3.3.2.3. By Technology
- 13.3.3.2.4. By Application
- 13.3.3.2.5. By End User
- 14. Market Dynamics
- 14.1. Drivers
- 14.2. Challenges
- 15. Market Trends & Developments
- 16. SWOT Analysis: Global Precision Cardiology Market
- 17. Competitive Landscape (Inclusive of SWOT Analysis of Players Profiled)
- 17.1. Eurofins Genomics LLC
- 17.2. Laboratory Corporation of America Holdings
- 17.3. Thermos Fischer Scientific, Inc.
- 17.4. PerkinElmer, Inc.
- 17.5. Sema4 OpCo, Inc.
- 17.6. Quest Diagnostics Inc.
- 17.7. OraSure Technologies, Inc.
- 17.8. OPKO Health, Inc.
- 17.9. Invitae Corporation
- 17.10. Illumina, Inc.
- 17.11. Fulgent Genetics, Inc.
- 17.12. Exact Sciences Corporation
- 17.13. CENTOGENE N.V.
- 17.14. Konica Minolta, Inc.
- 17.15. Devyser Diagnostics AB
- 18. Strategic Recommendations
- (Note: The companies list can be customized based on the client requirements.)
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