DUBLIN, Aug. 27, 2021 /PRNewswire/ -- The "Cardiac Marker Analyzer Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
Research and Markets Logo
The cardiac marker analyzer market is projected to grow at a CAGR of 4.11% during the forecast period to reach US$1,907.736 million by 2026 from US$1,438.713 million in 2019. Rising instances of cardiovascular diseases and increasing death due to them are the prime reason driving the market growth of cardiac marker analyzers during the forecasted period. According to data provided by the World Health Organization, cardiovascular diseases are the leading cause of death globally. Annually, WHO estimates that 17.9 million people die due to cardiovascular diseases (CVD), which accounts for 30% to 31% of global deaths. 85% of CVD deaths occur due to heart attacks and strokes, while 45% of these deaths occur in lower- and middle-income countries. Hectic lifestyle, heavy workload, and disturbed meal cycles have increases stress and are becoming the leading reason for the rise in cardiovascular diseases among adults.
Growing CVD and deaths has raised severe concerns and increased investment in the healthcare sector by the government. Increased investment is anticipated to raise the market size of the cardiac marker analyzer industry. Cardiac marker significance in the healthcare sector, particularly cardiac troponin, will provide a stable market for cardiac marker analyzers during the forecasted period.
In the healthcare industry, cardiac markers are used to diagnose acute coronary syndrome (ACS) or any other CVD in case the patient is suffering from chest pain or other problems. Cardiac markers are used to locate potential CVD so that timely treatment can save a person's life and keep them healthy. Rising CVD cases and deaths have increased the adoption of these markers in hospitals and clinics for prior detection and early treatment of the patient. Hence, with rising healthcare infrastructure development, a cardiac marker will play a crucial role in the healthcare industry for better diagnosis, with promising market stability.
Among varied cardiac markers, cardiac troponin is anticipated to dominate the market owing to its efficiency and effectiveness in the detection of CVDs. Research from the Heart Org states that cardiac troponin is the prime choice of cardiac marker among patients suffering from ACS. Troponin is based on guidelines of the European Society of Cardiology (ESC) and the American College of Cardiology (ACC) and hence is widely accepted around the world. Troponin earned this recognition owing to superior sensitivity and accuracy in detection. Moreover, these markers provide faster results than other modes.
Rising government expenditure on the healthcare sector will boost the market demand for cardiac marker analyzer.
Increasing investment by the government around the world, in the healthcare sector, will support the market growth of cardiac markers analyzers during the forecasted period. Rising instances of CVDs and other diseases have raised serious concerns which lead to fuelling of the healthcare sector with funds for modern technology for diagnosis and treatment to save lives. Hence it is anticipated that expenditure on cardiac markers technology will also increase at a significant level. Further, technological advancement and automation in the sector will increase the market prospects during the forecasted period. Globally, the average healthcare expenditure is on a rise, increasing from US$ 914.203 per capita in 2010 to US$ 1,110.841 per capita in 2018.
Governments are as well increasing their expenditure for better healthcare and standard of living. The US government is anticipated to increase expenditure from 17.7% of GDP in 2019 to 19.1% by 2028 (source: CMS). The Indian government has also increased the healthcare budget from 1.5% of GDP in 2020-21 to 1.8% of GDP in 2021-22 Union Budget. Furthermore, increasing expenditure on technological advancement and automation will drive the market up, tapping new opportunities. The Japanese government, for example, has invested US$100 million in the development of healthcare and social robots. Similarly, the South Korean government invested US$ 250 million in the innovation of healthcare, rehabilitation, and disaster management robots.
A rise in medical tourism will drive the demand for Asia pacific cardiac marker analyzer market.
On geographical bifurcation, the Asia Pacific region is projected to show exponential growth during the forecasted period. The prime reason driving the growth in this region is the availability of affordable medical services which has significantly increased medical tourism in the region. The Asian region has low-cost but high-quality medial services which are affordable for the general public, particularly in the American and European region. Hence, the region has attracted foreign patients for better medical treatments, raising the demand for medical equipment for effective diagnosis and treatments, driving the market size of cardiac markers. Furthermore, increasing expenditure by the government sector and the emergence of private players have provided a vast market for the industry.
COVID-19 Insights
The coronavirus pandemic positively affected the global cardiac marker analyzer market. To contain the outbreak of the virus, the healthcare sector was fuelled with investment for better treatment of both, covid and non-covid infected persons. Further, the rise in CVD cases and deaths increased more concerns which increased investment for CVD diagnosis and treatment, increasing the industry scope.
Story continues
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics 4.1. Market Drivers 4.2. Market Restraints 4.3. Porters Five Forces Analysis 4.4. Industry Value Chain Analysis
5. Cardiac Marker Analyzer Market, by Cardiac Marker 5.1. Introduction 5.2. Troponin 5.3. Creatine Kinase 5.4. Myoglobin 5.5. Others
6. Cardiac Marker Analyzer Market, by End-Users 6.1. Introduction 6.2. Hospitals and Clinics 6.3. Laboratories 6.4. Ambulatory Surgical Centers
7. Cardiac Marker Analyzer Market, by Geography
8. Competitive Environment and Analysis 8.1. Major Players and Strategy Analysis 8.2. Emerging Players and Market Lucrative 8.3. Mergers, Acquisition, Agreements, and Collaborations 8.4. Vendor Competitiveness Matrix
9. Company Profiles 9.1. Radiometer Medical ApS 9.2. Ardiogenics Inc 9.3. F. Hoffman - La Roche Ltd. 9.4. Abbott 9.5. Beckman Coulter Inc. 9.6. Siemens Healthcare Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/ydnrqt
Media Contact:
Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716
Cision
View original content:https://www.prnewswire.com/news-releases/insights-on-the-cardiac-marker-analyzer-global-market-to-2026---rising-government-expenditure-on-the-healthcare-sector-is-driving-growth-301364359.html
SOURCE Research and Markets
Read the original here:
Insights on the Cardiac Marker Analyzer Global Market to 2026 - Rising Government Expenditure on the Healthcare Sector is Driving Growth - Yahoo...
- Heart Disease - April 10th, 2018 [April 10th, 2018]
- Heart and Cardiovascular Research - April 10th, 2018 [April 10th, 2018]
- Heart and Cardiovascular Research - iMedPub - May 22nd, 2018 [May 22nd, 2018]
- Heart Disease - A Closer Look at Stem Cell Treatments - May 27th, 2018 [May 27th, 2018]
- Heart Conferences | Heart Congress | Cardiology ... - June 26th, 2018 [June 26th, 2018]
- Heart disease - Symptoms and causes - Mayo Clinic - September 21st, 2018 [September 21st, 2018]
- Diabetes, Heart Disease, and Stroke | NIDDK - September 29th, 2018 [September 29th, 2018]
- Heart Diseases & Disorders - Heart Rhythm Society - October 31st, 2018 [October 31st, 2018]
- Heart Disease - Closer Look at Stem Cells - November 15th, 2018 [November 15th, 2018]
- What is Heart Disease?, HHS, NIH, NHLBI - December 28th, 2018 [December 28th, 2018]
- Types of Heart Disease | Covenant HealthCare - December 30th, 2018 [December 30th, 2018]
- Heart Disease - Lab Tests Online - December 30th, 2018 [December 30th, 2018]
- Heart Diseases | Genetic and Rare Diseases Information Center ... - December 30th, 2018 [December 30th, 2018]
- Heart Healthy Lifestyle - Prevent Heart Diseases - HeartCare - January 26th, 2019 [January 26th, 2019]
- Breast cancer most prevalent in Sabah - The Borneo Post - October 6th, 2019 [October 6th, 2019]
- Menopause and womens heart health - Udaipur Kiran - October 6th, 2019 [October 6th, 2019]
- Low Birth Weight Linked To Heart Problems In Adulthood: Study - News Nation - October 6th, 2019 [October 6th, 2019]
- Consuming Red Meat And Pork Linked To Heart Disease And Cancer - Peoria Observer - October 6th, 2019 [October 6th, 2019]
- Yes, we still need to cut down on red and processed meat - The Conversation AU - October 6th, 2019 [October 6th, 2019]
- On oral contraceptive pills? You could be at risk of heart disease! - Times Now - October 6th, 2019 [October 6th, 2019]
- Rutgers researchers find heart valve infections increasing in hospitals - RU Daily Targum - October 6th, 2019 [October 6th, 2019]
- Most common warning symptoms of heart attack - Elets - October 6th, 2019 [October 6th, 2019]
- Adults Who Lost Teeth More Prone to Heart Attack, Stroke - SciTechDaily - October 6th, 2019 [October 6th, 2019]
- Heart and Stroke Foundation: 80% of heart attacks, strokes can be prevented - Northern Natal Courier - October 6th, 2019 [October 6th, 2019]
- Heart diseases on the rise: experts - newagebd.net - October 6th, 2019 [October 6th, 2019]
- Heart attack: Best diet to protect against the life-threatening condition - Express - October 6th, 2019 [October 6th, 2019]
- Women 'suffering and dying' because of inequalities in heart disease diagnosis and treatment - Holyrood - October 6th, 2019 [October 6th, 2019]
- B'luru's air pollution contributing to heart diseases? Study finds drivers are at risk - The News Minute - October 6th, 2019 [October 6th, 2019]
- Alia Bhatt supports fundraising for kids with heart diseases: They are more positive than adults - India Today - October 6th, 2019 [October 6th, 2019]
- Reduce heart disease at the American Heart Associations Heart Walk - KXAN.com - October 6th, 2019 [October 6th, 2019]
- Losing teeth may not be a good sign, could be indicative of heart disease risk - Economic Times - October 6th, 2019 [October 6th, 2019]
- Tooth Loss Associated with Higher Risk of Heart Disease - Cath Lab Digest - October 6th, 2019 [October 6th, 2019]
- Heart failure is the silent killer you've been ignoring - Times of India - October 10th, 2019 [October 10th, 2019]
- FDA awards 12 grants to fund new clinical trials to advance the development of medical products for the treatment of rare diseases - FDA.gov - October 10th, 2019 [October 10th, 2019]
- Daikon Radish: Types, Nutrition, Benefits, and Uses - Healthline - October 10th, 2019 [October 10th, 2019]
- Air Pollution May Affect Every Organ, Cell in the Body - Voice of America - October 10th, 2019 [October 10th, 2019]
- Less than 6 hours of sleep a night linked to increased risk of early death - NHS Website - October 10th, 2019 [October 10th, 2019]
- Disabled mum left in tears after DWP wrongly stopped all her benefits - Mirror Online - October 10th, 2019 [October 10th, 2019]
- How to live longer: Best diet to boost your life expectancy - what to eat - Express - October 10th, 2019 [October 10th, 2019]
- Men Should Stop Drinking Six Months In Advance If They Plan to Be Fathers - AskMen - October 10th, 2019 [October 10th, 2019]
- Dr. Roach: Assessing the risks of secondhand cigarette smoke - The Detroit News - October 10th, 2019 [October 10th, 2019]
- What is vascular disease? - Midland Daily News - October 10th, 2019 [October 10th, 2019]
- Fauna Bio Receives Grant From the National Institutes of Health to Advance Its Drug Repurposing Platform - BioSpace - October 10th, 2019 [October 10th, 2019]
- Bacon rashers, statistics, and controversy - The BMJ - The BMJ - October 10th, 2019 [October 10th, 2019]
- Why should you have semolina (suji) for weight loss - Times of India - October 10th, 2019 [October 10th, 2019]
- 4 blind spots in the confusing debate about red meat - Inverse - October 10th, 2019 [October 10th, 2019]
- Inflammation Signs That Are Often Overlooked - msnNOW - October 10th, 2019 [October 10th, 2019]
- MKRMS seminar: Experts stress regular exercise, healthy food for heart health - The News International - October 10th, 2019 [October 10th, 2019]
- Exercise, healthy food for heart health stressed - The News International - October 10th, 2019 [October 10th, 2019]
- AstraZeneca HealthCare Foundation Awards $775000 to 11 Innovative Heart Health Programs & Announces Open Call for Applications - Business Wire - October 10th, 2019 [October 10th, 2019]
- How to live longer: The superfood proven to boost brain and heart health - Express - October 10th, 2019 [October 10th, 2019]
- People with mental disorder at high risk of heart diseases - Yahoo India News - October 10th, 2019 [October 10th, 2019]
- Do Women Need To Worry About Heart Disease? - Version Weekly - October 10th, 2019 [October 10th, 2019]
- Stroke rates continue decline in the U.S. - Reuters - October 10th, 2019 [October 10th, 2019]
- 6 Foods That Can Help Protect You Against Life-Threatening Ailments - International Business Times - October 10th, 2019 [October 10th, 2019]
- Prevention of Heart Disease - The Sentinel Assam - October 10th, 2019 [October 10th, 2019]
- Tooth loss linked to higher risk of heart disease - The New Indian Express - October 10th, 2019 [October 10th, 2019]
- Performing HIIT Exercises Can Help Minimize The Risk Of Contracting A Heart Disease - International Business Times - October 10th, 2019 [October 10th, 2019]
- Heart disease: Best exercise to lower the risk of developing the deadly condition - Express - October 10th, 2019 [October 10th, 2019]
- Shropshire people left more than 343000 in wills to British Heart Foundation - shropshirestar.com - October 11th, 2019 [October 11th, 2019]
- Queen's Speech puts air pollution, science and the NHS on the agenda - British Heart Foundation - October 15th, 2019 [October 15th, 2019]
- In a rural Wisconsin village, the doctor makes house calls and sees some of the rarest diseases on Earth - Milwaukee Journal Sentinel - October 15th, 2019 [October 15th, 2019]
- Treatment And Management Of Heart Disease During Pregnancy - Version Weekly - October 15th, 2019 [October 15th, 2019]
- Severe dental diseases persist in S.D. due to chronic poverty and lack of access to dentists - KELO AM-FM - October 15th, 2019 [October 15th, 2019]
- New York Ranks 25th In Nation In First-Ever Childhood Obesity Study - WAER - October 15th, 2019 [October 15th, 2019]
- Saddleridge Fire Leads to Poor Air Quality, Tips on Staying Healthy - NBC Southern California - October 15th, 2019 [October 15th, 2019]
- This country just became the first to ban ads for sugary drinks - WGAL Lancaster - October 15th, 2019 [October 15th, 2019]
- Heart disease: Three dietary tips to keep the risks at bay - Express - October 15th, 2019 [October 15th, 2019]
- Eating habits that can reverse heart disease - Daily Monitor - October 15th, 2019 [October 15th, 2019]
- Hale and hearty: Tips to maintain good heart health - The New Indian Express - October 15th, 2019 [October 15th, 2019]
- Exercise Is Especially Important For Those With Heart Disease - Anti Aging News - October 15th, 2019 [October 15th, 2019]
- Exercise good for people with heart disease, other physical ailments - Al Bawaba - October 15th, 2019 [October 15th, 2019]
- Should you eat red meat or not? A dietitian explains the latest nutrition science on meat, eggs and butter - NBC News - October 15th, 2019 [October 15th, 2019]
- Rheumatic heart disease in Northern Territory 'a bloody health emergency' - The Guardian - October 15th, 2019 [October 15th, 2019]
- PPMD Grants to Promote Gene Therapy for Heart Disease and Patient Outcomes Research - Muscular Dystrophy News - October 15th, 2019 [October 15th, 2019]
- University of Guelph researchers track how cats' weights change over time - Jill Lopez - October 20th, 2019 [October 20th, 2019]
- Study Shows That a 50% Pay Raise Lowers the Risk of Cardiovascular Diseases by 15% - WORLD OF BUZZ - October 20th, 2019 [October 20th, 2019]
- Dog owners less likely to have cardiovascular diseases, and better chances of recovering from strokes or heart - MEAWW - October 20th, 2019 [October 20th, 2019]
- Keep your heart pumping - The New Indian Express - October 20th, 2019 [October 20th, 2019]
- How Can We Curb the Spread of Scientific Racism? - Scientific American - October 20th, 2019 [October 20th, 2019]