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Cardiac markers are substances released into the blood when the heart is stressed or damaged. These markers include hormones, enzymes, and proteins. Measuring these biomarkers help to diagnose various heart syndromes such as acute coronary syndrome, cardiac ischemia, and conditions associated with obstructed blood flow to the heart. Generally, multiple cardiac marker tests are done by physicians over several hours to keep track of the blood level rise and to understand the severity of a heart attack. 

Various factors such as increasing funds by various organizations to stimulate research & clinical trials in biomarker testing and rising geriatric population are driving the cardiac markers testing market. However, problems regarding reimbursement and regulatory system, and sample collection and storage are restraining the cardiac markers testing market. Determining cardiac marker levels in the laboratory takes substantial time. Hence, cardiac markers are not useful in diagnosing a myocardial infarction in the acute phase. This in turn restrains the cardiac markers testing market. 

In terms of product type, the global cardiac markers testing market has been segmented into creatine kinase (CK), lactate dehydrogenase, AST, troponin, myoglobin, C-reactive proteins, natriuretic peptides, and others. The creatine kinase segment is sub-segmented into M & B subunits: CK-MM, CK-MB, and CK-BB. The troponin cardiac biomarkers segment held the largest share of the global cardiac markers testing market in 2015 and is anticipated to dominate the market during the forecast period. This is attributed to its efficiency and accuracy in test results to diagnose cardiovascular disorders. Based on application, the global cardiac markers market is divided into markers utilized for myocardial infarction, acute coronary syndrome (ACS), cardiac heart failure, and others. ACS is estimated to be the fasting growing segment driven by increasing prevalence of the disorder. Myocardial infarction is projected to be the second fastest growing segment, attributed to increasing rate of sedentary lifestyle among individuals, alcohol consumption, smoking, and unhealthy food habits, leading to obesity. In terms of end-user, the global cardiac markers testing market has been segmented into point-of-care testing and laboratory testing. The laboratory testing segment held the largest share of the global cardiac markers testing market in 2015, while the point-of-care testing segment is anticipated to gain comparatively larger market share during the forecast period. This is attributed to easy-to-use kits, availability of the technique in ambulances in some countries in Europe, and affordability for patients as the point-of-care diagnostic tool reduces expenditure on hospitals, thereby increasing the adoption rate of new diagnostic tools.

Geographically, the global cardiac markers testing market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global cardiac markers testing market due to high incidence of cardiovascular disorders, increasing geriatric population, and growing popularity of point-of-care testing. Asia Pacific is projected to be the fastest growing market during the forecast period, as emerging markets in the region are attracting companies engaged in the development of cardiac biomarkers. Factors such as large population, rising prevalence of CHD, and initiatives taken to spread awareness about cardiac disease diagnosis at an early stage are driving the cardiac markers testing market.

Major players in the global cardiac markers testing market are Siemens Healthineers, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Roche Diagnostics, Abbott Laboratories, LSI Medience Corporation, Randox Laboratories Ltd., Avantra Biosciences, Helomics Corporation, and Enzo Biochem.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cardiac Marker Testing Market

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