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Biomarkers play a crucial role in the management, diagnosis, risk stratification, and clinical decision-making in the patients suffering from chronic diseases. Cardiac biomarkers are quantifiable, which are detected in the blood and help as indices for pathological and physiological assessment by a specialized immunoassay.
In January 2017 Roche received the 510(k) clearance for Elecsys Troponin T Gen 5 STAT (TnT Gen 5 STAT) blood test for patients with a suspected heart attack. Investments by key market players in the research and development of the novel cardiac markers is one of the significant factor boosting the cardiac biomarkers market growth.
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The increasing demand for cardiac biomarkers is due to the increasing prevalence of cardiovascular disease subsequently increasing the demand for the cardiac biomarkers for diagnosis. Furthermore, technological advancements in the development of cardiovascular biomarkers, high prevalence of Acute Coronary Syndrome (ACS) and growing number of new product launches by the key market players are some of the factors propelling the cardiac biomarkers market growth.
Additionally, rising demand for point of care testing kits, along with the high specificity and sensitivity of cardiac biomarkers in the detection of cardiovascular diseases are some of the major elements driving the growth of the global cardiac biomarkers market.
The major factors limiting the growth of the global cardiac biomarkers market are the time needed for the biomarkers to be reflected in the blood, and the inadequate reimbursement policies especially in emerging countries.
The major companies covered in the global cardiac biomarkers market report F. Hoffmann-La Roche Ltd, Abbott, Siemens Healthcare GmbH, Beckman Coulter, Inc., bioMérieux SA, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Randox Laboratories Ltd., Thermo Fisher Scientific, and others.
· Creatine kinase-MB (CK-MB)
· B-type Natriuretic Peptide (BNP), and N-terminal pro b-type natriuretic peptide (NT-proBNP)
· Acute Coronary Syndrome
· Myocardial Infarction
· Congestive Heart Failure
By End User
· Diagnostic Centers
· Homecare Settings
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
As per the current cardiac biomarkers market trends, acute coronary syndrome segment among the applications is projected to register comparatively higher CAGR in the global market owing to increasing the prevalence of acute coronary syndrome and increased investment by cardiac health institutes in biomarker testing of low risk patients of ACS in order to identify and diagnose the disease at early stage.
The global cardiac biomarkers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the cardiac biomarkers market in 2018. According to the Centers for Disease Control and Prevention (CDC), about 610,000 individuals in the U.S. die due to heart disease, equivalent to 1 in 4 deaths. The increasing prevalence of cardiovascular disease along with increased demand for the disease diagnostics in the region are some of the major factors attributing the growth of the cardiac biomarkers in the region. Europe and the Asia Pacific are anticipated to grow at a significant CAGR, during the forecast period of 2019-2026. The Middle East and Africa and Latin America are estimated to grow at a relatively lower CAGR during the forecast period.
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