Cardiac Marker Analyzer Market Is Estimated To Translate To A Revenue Of US$ XX Mn By 2026 According To Forecast
New York City, United States -- Since the COVID-19 infection flare-up in December 2019, the malady has spread to right around 100 nations around the world with the World Health Organization proclaiming it a general wellbeing crisis. The worldwide effects of the coronavirus sickness 2019 (COVID-19) are now beginning to be felt, and will essentially influence the Healthcare Industry in 2020.
Global demand for cardiac marker analyzers is projected to witness over 4.5% year on year growth in 2019. As indicated by Persistence Market Research in a newly published research intelligence study, North America remains the top consumer market for cardiac marker analyzers manufacturers, and the region’s market value is projected to cross US$ 285 million in 2019.
Expanding Geriatric Population and Obesity
Nearly 17% of the global population will be above 65 years of age by the end of 2050, as projected by NIH (National Institutes of Health). Whereas, WHO (World Health Organization) indicates that around 13% of the worldwide population is currently suffering from obesity. While both the aforementioned factors intersect at a higher risk of acquiring cardiovascular diseases, it is more likely that the adoption of cardiac market analyzers will be on the rise in coming years.
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Company Profiles
- Siemens AG
- Radiometer Medical
- Abbott Laboratories
- Quidel Corporation
- Beckman Coulter, Inc.
- Boditech Med Inc.
- F. Hoffmann-La Roche Ltd
- Creative Diagnostics
- Others.
Disease Management
The growing need for early detection of rapidly prevailing CVDs such as myocardial infarction and angina pectoris is likely to push prospects for cardiac marker analyzers in the near future. A rising trend of individualized treatment and real-time results targeting early patient diagnostics is playing a crucial role popularizing the demand for cardiac marker analyzers.
With ascending significance of disease management, the devices that help manage the disease progression rate are gathering significant momentum in recent years – subsequently encouraging sales of cardiac marker analyzers.
Laboratory diagnostics are identified to hold promising opportunities for manufacturers based on developing economies such as India, China, Brazil, and Japan. These emerging markets are projected to remain highly attractive owing to the briskly progressing R&D platform.
Drug Development Related Opportunities
Growing use of cardiac marker analyzers in drug development as well as lab diagnostics continues to stimulate innovation and adoption, indicates the report.
“Visibly growing preference for Troponin over other conventional markers in diagnosis of heart attack is the key trend shaping the revenue growth of cardiac marker analyzers landscape,” explains the analyst at the company. Adding further, “The remarkable inadequacy in existing drug development processes for CVDs is another strong factor broadening the scope for penetration of cardiac marker analyzers at a global level,” says the analyst.
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Competition Tracking
While around 80% share of the global revenue through sales of cardiac marker analyzers belongs to the top industry players, the rest is covered by a number of smaller companies that currently operate at a local or regional level. Abbott Laboratories, Beckman Coulter, Inc., F. Hoffmann-La Roche Ltd., Siemens AG, and a few others are thoroughly profiled in the PMR report.
Abbott acquired St. Jude Medical the last year, with an objective to reap benefits of the latter’s strong global position in thriving cardiac areas such as heart failure, atrial fibrillation, structural heart, and chronic pain complement.