WMR- WESTERN MARKET RESEARCH has come up with industry analysis report on -The global Cardiac Biomarkers market was valued at USD 6.44 Billion in 2018 and is expected to reach USD 14.29 Billion by year 2026, at a CAGR of 10.4%.
|Cardiac Biomarkers Market Analysis, By Product Type (Troponin, Myocardial muscle Creatine Kinase, Ischemia Modified Albumin, Others), by Application (Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome), by Location of Testing, by End user, Forecasts to 2026|
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|The global Cardiac Biomarkers market was valued at USD 6.44 Billion in 2018 and is expected to reach USD 14.29 Billion by year 2026, at a CAGR of 10.4%. Cardiovascular disease (CVD) is the leading cause of death which usually indicates to circumstances which comprise of slender or blockaded blood vessels that can eventually arise to a stroke, heart attack or chest pain (angina). According to World Health Organisation, cessation of tobacco use, reduction of salt in the diet, consuming fruits and vegetables, regular physical activity and avoiding harmful use of alcohol have been shown to reduce the risk of cardiovascular disease. Cardiac biomarkers are endogenous substances (enzymes, hormones and proteins) which have biochemical properties that are released into blood which the heart is in some pressure or is stressed and used as indicator to check the presence or the severity of cardiovascular diseases.
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The symptoms are pain or discomfort or pain in necks, arms, chest pain, sweating or dizziness and shortness of breath. These biomarkers can help in diagnosing cardiac ischemia and acute coronary syndrome (ACS)The factors such as rising public-private investments, growing public recognition about the early diagnostics and developing regulatory framework for biomarkers are fuelling the growth of the market and restricting the occurrence of CDVs. Due to the increasing rates of morbidity and mortality rate of CVDs and immense funding from the Government, many research activities have increased to prevent the growth of CVDs and treatment of cardiac disease is the topmost priority worldwide. Cardiac Biomarkers usually are very accurate in nature and have speedy delivery systems which are driving the growth of biomarker market.
The restraints that are generally faced by global cardiac biomarkers market are the operational costs associated with the manufacturing process; rigid guidelines for clinical trials, regulatory challenges, other cost effective developments related to approvals inhibit the growth of the market.
Pharmaceutical and biotechnology companies have shifted their focus more on the research and development of biomarkers and related products for rapid treatment which is driving the growth of this market. For instance, in August 2016, Philips launched its Minicare I-20 Troponin blood test device for faster detection which takes less than 10 minutes in order to save lives of the patients.The Global Cardiac Biomarkers Market study postulates constructive intuition globally which includes the companies who are the key players in Global Cardiac Biomarkers Market, such as Abbott Laboratories, Beckman Coulter, Becton, Dickinson and Company, Biomerieux, Bio-Rad Laboratories, Randox Laboratories, Roche Diagnostics Corporation, Siemens Healthcare and Thermo Fisher Scientific.Troponin, Myocardial muscle Creatine Kinase, Ischemia Modified Albumin, Others,Myocardial Infarction, Congestive Heart Failure, Acute Coronary Syndrome
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