The global cardiovascular diagnostic testing market revenue was US$ 6,876.27 million in 2020. The global cardiovascular diagnostic testing market revenue is forecast to reach US$ 15,430.44 million by 2030, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2021-2030.
Cardiovascular Diagnostic Testing MarketStatus, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the markets historic and forecast market growth by geography. It places the market within the context of the widerCardiovascular Diagnostic Testing Market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report(Including Full TOC, 100+ Tables & Figures, and Chart). In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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The termcardiovascular diseases (CVDs)refers to a group of conditions related to the heart and blood vessels, including coronary heart disease, cerebrovascular disease, and rheumatic heart disease. Approximately four out of five CVD deaths occur from heart attacks and strokes, and one-third of these deaths happen prematurely in people under age 70. Millions of people worldwide die every year from acute cardiovascular events, making it one of the leading causes of morbidity and mortality in humans.
Factors Influencing Market Growth
An increase in geriatrics population, an increase in cardiovascular disease prevalence, and an increase in unhealthy diets and a sedentary lifestyle contribute to the growth of the cardiovascular diagnostic testing market. The development of treatment procedures and technological advancements in the cardiovascular diagnostic testing market support its growth. Due to federal regulations and guidance for laboratory-developed tests (LDTs), limited insurance coverage, and high costs of devices used in diagnostic testing for cardiovascular diseases, the market for cardiovascular diagnostic testing may have slow growth. The developing economies of Asia-Pacific and LAMEA present lucrative opportunities for cardiovascular diagnostic testing due to improvements in healthcare infrastructure and a rise in patient demand for better healthcare services. Impact Analysis of COVID-19
COVID-19 pandemic had positively impacted the global cardiovascular diagnostic testing market. A rising prevalence of conditions like diabetes, heart disease, and others makes patients more vulnerable to COVID-19. Moreover, patients with pre-existing heart disease who suffer from COVID-19 are more likely to suffer a heart attack or develop congestive heart failure. The National Health Commission reports that 35% of COVID-19 patients suffer from hypertension and 17% from heart disease. A reliable diagnostic test and the swift development of innovative assays have become more important in the wake of the COVID-19 outbreak. Furthermore, Coronavirus infection damages the inner walls of veins and arteries, which can cause inflammation, leakage, and blood clots, which can compromise blood flow to the heart or other parts of the body. Due to this, timely diagnosis becomes vital if one has a pre-existing heart condition.
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Regional Insights
Region-wise, North America held dominance in the global market and is forecast to maintain its position during the forecast period. This is primarily due to a rise in coronary disease incidences. This region is commonly associated with high blood pressure, high- and low-density lipoprotein cholesterol, and smoking, which can all contribute to a rise in heart diseases.
Leading Competitors
The leading prominent companies profiled in the global cardiovascular diagnostic testing market are:
Abbott Laboratories Becton, Dickinson, and Company bioMrieux, Inc. Bio-Rad Laboratories, Inc. Danaher Corporation F. Hoffmann-La Roche Ltd PerkinElmer, Inc. Siemens AG Thermo Fisher Scientific, Inc. Tosoh Corporation Other Prominent Players Scope of the Report
The global cardiovascular diagnostic testing market segmentation focuses on Type, End-User, and Region.
Segmentation based on Type
Laboratory Developed Test Lipoprotein Test Angiotensin Test Fibrinogen Test Serum Uric Acid Test High-sensitivity C-reactive protein (hs-CRP) In-Vitro Diagnostic Test Electrocardiogram Test Echocardiography Test Transesophageal Echocardiogram Test Others Segmentation based on End-User
Laboratory Testing Facilities Academic Institutes Point-of-care Testing Facilities Segmentation based on Region
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North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
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Key Questions Answered in the Market Report
How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? What is the outlook for the impact market during the forecast period 2021-2030? What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? What is the end user perception toward? How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? What are the key strategies adopted by companies in the impact market? What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? Which are the key players in the impact market?
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