A recent report published by Infinium Global Research on cardiac biomarker diagnostic kits market provides in-depth analysis of segments and sub-segments in the global as well as regional cardiac biomarker diagnostic kits market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cardiac biomarker diagnostic kits market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cardiac biomarker diagnostic kits market. According to the report, the global cardiac biomarker diagnostic kits market is projected to grow at a CAGR of 8.23% over the forecast period of 2019-2025.
A biomarker is a type of indicator, used to measure the degree of severity of any disease inside the living body. The cardiac biomarker is a substance, which is used to measure the seriousness of the cardiac problem and assist the healthcare professionals for better diagnosis to the patients. There are several types of cardiac biomarker used for different cardiac problems such as cardiac troponin, high sensitive cardiac troponin, CK, CK-MB, myoglobin, and others. The cardiac troponin is a regulatory protein complex, used to diagnose a heart attack and risk stratification. Additionally, it is used to identify the seriousness of the heart problem. The high sensitive cardiac troponin is used to assess the future risk of the cardiac problem in the person. Further, the CK biomarker is used to detect the recurrence of the heart attack in the patients. Moreover, the myoglobin is used with troponin to provide a diagnosis as early as possible.
As per the WHO the CVD (Cardiovascular diseases) is a major cause of death from disease around the world. In 2016, 17.9 million people died from the CVDs problem, which comprises of 31% of the global death from illness. Further, 85% of death due to CVDs was due to heart attack and stroke. The developing and under developing countries reported more death owing to the CVDs problem compared to the developed countries. The lack of basic healthcare infrastructure, shortage of healthcare professionals in the developing and underdeveloped countries are the key factors for more death in these regions as compared to the developed countries. The changing food consumption and living standard is a major factor for the growth of this type of disease around the globe. The growing consumption of nicotine, growing alcoholism, lack of physical activities, the stressful work environment is the major factor responsible for the increasing prevalence of the cardiac problem around the world.
The North America is the leading region of the cardiac biomarker diagnostic kits market, owing to the presence of the large patient pool in this region. As per the American Heart Association, more than 320,000 deaths (out of hospital) occurs every year, in the United States due to the cardiac-related problem. Further, more than 7,20,000 new heart attack and 3,35,000 recurrent heart attack occurs every year in the United States alone. Additionally, persons suffering from this type of problem in other countries as Indian, China prefer to go to the United States of America to get better treatment, owing to the availability of the better health care facility and trained health care professionals. This medical tourism is boosting the growth of the cardiac biomarker diagnostic kits market of the North America. Europe region is the second largest market after North America. The Asia-Pacific is expected to show the high incidence of the cardiac problem in the near future, owing to the changing lifestyle. Further, changing food consumption as smoking, drinking, and fast food preference is increasing the incidence of the cardiac arrest problem in this region.
The report on global cardiac biomarker diagnostic kits market covers segments such as disease indication, testing, product, and end user. On the basis of disease indication, the sub-markets include angina pectoris, myocardial infraction, cardiac heart failure, and other disease indication. On the basis of testing, the sub-markets include laboratory testing, and point of care testing. On the basis of product, the sub-markets include troponin test kits, CK-MB test kits, myoglobin test kits, BNP test kit, c-reactive protein (HSCRP), and other products. On the basis of end user, the sub-markets include hospitals, clinics, diagnostics centers, and other end users.
The report provides profiles of the companies in the market such as Ortho Clinical Diagnostics, Randox Laboratories, bioMérieux, Thermo Fisher Scientific, Siemens Healthineers AG, Danaher Corporation, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, and Abbott Laboratories.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cardiac biomarker diagnostic kits market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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