Global Cardiac Biomarker Diagnostic Kits Market Size By Indication (Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome), By Biomarker (Troponin, Bnp, Myoglobin), By End-Use (Hospital, Specialty Clinics), By Geographic Scope And Forecast
Report ID: 40147|No. of Pages: 202
Global Cardiac Biomarker Diagnostic Kits Market Size By Indication (Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome), By Biomarker (Troponin, Bnp, Myoglobin), By End-Use (Hospital, Specialty Clinics), By Geographic Scope And Forecast
Cardiac Biomarker Diagnostic Kits Market Size And Forecast
Cardiac Biomarker Diagnostic Kits Market size was valued at USD 2.71 Billion in 2023 and is projected to reach USD 4.13 Billion by 2030, growing at a CAGR of 5.37% during the forecast period 2024-2030.
Some of the key contributing factors propelling the growth of the Global Cardiac Biomarker Diagnostic Kits Market are the increase in the prevalence of cardiovascular diseases and an inclination of the population towards the treatment of chronic and lifestyle diseases across the globe. The Global Cardiac Biomarker Diagnostic Kits Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Cardiac Biomarker Diagnostic Kits Market Definition
Cardiac biomarkers such as enzymes, hormones, and proteins are released into the blood in conditions when the heart is stressed or damaged. Cardiac biomarkers are used to evaluate the heart function of patients with chest pain and suspected acute coronary syndrome. Cardiac Biomarker Diagnostic Kits play a critical role in the early detection or prediction of heart-related ailments.
In the triage and management of a range of cardiac-related conditions, cardiac biomarkers are crucial, where time delay has a significant impact on the short and longer-term outcomes of a patient. Conditions that can be diagnosed include myocardial infarction, heart attack, acute coronary syndrome, or ACS among others.
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Global Cardiac Biomarker Diagnostic Kits Market Overview
There has been a growing prevalence of lifestyle diseases such as hypertension, obesity, and diabetes among others, which are major risk factors for cardiovascular diseases. The increasing instances of cardiovascular diseases are an important driver for the global market. Another major factor propelling the growth in the global Cardiac Biomarker Diagnostic Kits Market is the rising geriatric population coupled with growing public health awareness. Other important drivers are the inclination of the population towards the treatment of chronic and lifestyle diseases and improving healthcare infrastructure in developing economies.
The ongoing clinical trials for the identification of rapid and novel cardiac biomarkers coupled with growing investment from public and private organizations for research and development are expected to provide new profitable opportunities leading to the rapid growth of the market. Furthermore, technological advancements leading to early detection to track heart conditions and integration of cardiology & IT will also provide opportunities for the growth of the market.
Other opportunities lie in the adoption of point-of-care testing with cardiac biomarkers. Thus, there are ample growth opportunities for the market. However, there are some restraints like the requirement of careful handling and storage of precious biological samples and the higher time required to obtain results for some of the biomarker tests. These may adversely impact the growth of the Global Cardiac Biomarker Diagnostic Kits Market.
Global Cardiac Biomarker Diagnostic Kits Market Segmentation Analysis
The Global Cardiac Biomarker Diagnostic Kits Market is Segmented on the basis of Indication, Biomarker, End-Use, And Geography.
Cardiac Biomarker Diagnostic Kits Market, By Indication
- Myocardial Infarction
- Congestive Heart Failure
- Acute Coronary Syndrome
- Others
Based on Indication, The market is segmented into Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome, and Others. the Acute Coronary Syndrome segment holds the highest market share owing to its rising prevalence followed by the Myocardial Infection segment.
Cardiac Biomarker Diagnostic Kits Market, By Biomarker
- Troponin
- Bnp
- Myoglobin
- Others
Based on Biomarker, The market is segmented into Troponin, Bnp, Myoglobin, and Others. the troponin segment is expected to grow at the fastest rate owing to higher adoption by the end-users. The rising prevalence of Acute Coronary Syndrome and Myocardial Infection will propel the demand for troponin tests.
Cardiac Biomarker Diagnostic Kits Market, By End-Use
- Hospital
- Specialty Clinics
Based on End-Use, The market is segmented into Hospital and Specialty Clinics. the hospital is the leading segment owing to higher healthcare expenditure and the development of new hospitals in developing countries. However, the specialty clinics segment is growing fast due to the increasing numbers of such clinics in developed countries and the availability of specialized and customized testing and treatment of the patients.
Cardiac Biomarker Diagnostic Kits Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, The Global Cardiac Biomarker Diagnostic Kits Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America leads the market share of the global market. This is owing to growing instances of cardiovascular and lifestyle diseases, and increasing investments into the healthcare infrastructure. The Asia Pacific is also growing fast due to the rapidly developing healthcare infrastructure along with the rise in the use of technologically advanced cardiac biomarkers.
Key Players
The “Global Cardiac Biomarker Diagnostic Kits Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Hoffmann-La Roche AG, Abbott Laboratories, Roche Diagnostics Limited, Danaher Corporation, Bio-Rad Laboratories, Siemens AG, Thermo Fisher Scientific, Ortho Clinical Diagnostics, and Randox Laboratories Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- May 2020 – Roche announced that it has acquired Stratos Genomics, an early-stage sequencing technology company to advance the development of Roche’s nanopore sequencer.
- April 2019 – US FDA has approved Ortho Clinical Diagnostics VITROS XT MicroSlides which features new, multi-test technology that allows labs to run two tests simultaneously on one MicroSlide.
- September 2018 – Abbott receives CE Mark for first troponin test to help predict the chance of heart attack in apparently healthy adults potentially months to years in advance.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Hoffmann-La Roche AG, Abbott Laboratories, Roche Diagnostics Limited, Danaher Corporation, Bio-Rad Laboratories, Siemens AG. |
| SEGMENTS COVERED | By Indication, By Biomarker, By End-Use, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL CARDIAC BIOMARKER DIAGNOSTIC KITS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL CARDIAC BIOMARKER DIAGNOSTIC KITS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL CARDIAC BIOMARKER DIAGNOSTIC KITS MARKET, BY BIOMARKER
5.1 Overview
5.2 Troponin
5.3 Bnp
5.4 Myoglobin
5.5 Others
6 GLOBAL CARDIAC BIOMARKER DIAGNOSTIC KITS MARKET, BY INDICATION
6.1 Overview
6.2 Myocardial Infarction
6.3 Congestive Heart Failure
6.4 Acute Coronary Syndrome
6.5 Others
7 GLOBAL CARDIAC BIOMARKER DIAGNOSTIC KITS MARKET, BY END-USER
7.1 Overview
7.2 Hospitals
7.3 Specialty Clinics
8 GLOBAL CARDIAC BIOMARKER DIAGNOSTIC KITS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL CARDIAC BIOMARKER DIAGNOSTIC KITS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Hoffmann-La Roche AG
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Abbott Laboratories
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Roche Diagnostics Limited
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Danaher Corporation
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Bio-Rad Laboratories
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Siemens AG
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Thermo Fisher Scientific
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Ortho Clinical Diagnostics
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Randox Laboratories Ltd.
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
12.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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