The ‘Global Cardiac Troponin Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cardiac troponin market, assessing the market on the basis of its segments like types, sites of testing, applications, end-uses, distribution channels, and major regions.
Cardiac Troponin Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 8.00%
Healthcare providers and patients are emphasising the importance of early diagnosis of cardiovascular diseases, which is surging the demand for cardiac troponin. The surging approvals of new cardiac troponin tests and products that can detect early signs of troponin are fuelling the market.
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Early treatment initiation and diagnosis are paramount for lowering the amount of cardiac cell death and improving the quality of life. This is also driving the demand for troponin tests that can provide enhanced accuracy and correctly identify patients living with acute myocardial infections (AMIs).
One of the cardiac troponin market trends include the increasing attempts by healthcare providers to efficiently diagnose myocardial infractions (MI) and the rising use of biomarkers in diagnosing cardiovascular medicines.
Cardiac Troponin Industry Definition and Major Segments
A cardiac troponin test refers to a biomarker that can diagnose myocardial infection and offer high specificity and sensitivity for myocardial injury. It also detects damage to heart muscles and measures troponin T and I protein levels in the blood.
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The market, on the basis of type, is categorised into:
- Troponin T
- Troponin I
Based on site of testing, the market is divided into:
- Laboratory Testing
- Point-of-care Testing
By application, the market is segmented into:
- Acute Coronary Syndrome
- Myocardial Infarction
- Congestive Heart Failure
- Others
The various end-uses of cardiac troponin are:
- Hospitals
- Diagnostic Centres
- Homecare Settings
- Others
On the basis of distribution channel, the market is bifurcated into:
- Manufacturer/ Distributor/ Service Provider
- Aftermarket
The major regional markets of cardiac troponin include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The cardiac troponin market is being aided by the surging cases of acute critical heart conditions, the increasing requirements for advanced cardiac troponins, and growing investments in the development of innovative types of cardiac troponin.
North America accounts for a considerable share of the troponin market due to the increasing prevalence of cardiovascular issues and the surging geriatric population. The robust healthcare infrastructure, the increasing availability of different products, and surging R&D activities by key players are also driving the market for cardiac troponin.
The rising incidences of acute coronary syndrome (ACS), the surging demand for cardiac biomarkers, the increasing usage of point-of-care cardiac testing kits, and the rising attempts to diagnose cardiovascular issues effectively are expected to further positively impact the market in the coming years.
Key Market Players
The major players in the cardiac troponin market report are Abbott Laboratories, F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, Eurolyser Diagnostica GmbH, and Beckman Coulter, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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