Cardiac Marker Testing Market Size

Cardiac Marker Testing Market Size

Cardiac Marker Testing Market size was valued at around USD 8.5 billion in 2022 and is estimated to reach over USD 18.4 billion by the end of 2032. The increasing prevalence of cardiovascular diseases is anticipated to drive the industry growth globally.

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Heart attack is one of the major causes of mortality that in turn leads to the increasing demand for the cardiac marker testing in hospitals and diagnostic laboratories. Additionally, the severe health concerns associated with chronic cardiac ailments comprising congestive heart failure, acute coronary syndrome, and atherosclerosis among others are anticipated to stimulate the demand for cardiac marker testing. These tests delivers certain clinical benefits over conventional diagnostic procedures, such as rapid specimen handling, simpler sample requirements, increased automation, and rapid results.

Recently, cardiac marker testing solutions has gained acceptance owing to cost-benefits, especially in low-income countries, wherein the point-of-care testing solutions aid in delivering advanced testing for critical diseases including cardiovascular diseases. As a result, the demand for cardiac marker testing is proliferating, especially in the emerging economies that possess immense market growth potential. Moreover, the increased usage and demand for these testing procedures in hospital settings is expected to develop business growth opportunities.

Cardiac marker testing is employed as a performance evaluation metric to assess cardiopulmonary function and to identify heart rhythm disturbances during exertion or under physical stress. The major role for cardiac markers is in the detection of acute coronary syndromes, assessment of the risk for myocardial infraction (MI), etc. However, the stringent regulatory framework related to cardiac biomarker testing may hamper the market growth.