Cardiac Biomarkers Market Poised to Grow Owing to Rising Prevalence of Cardiovascular Diseases

Author : Vedant B | Published On : 18 Mar 2024

Cardiac biomarkers are biomolecules found in the blood that indicate the presence of injured or damaged heart muscles. These biomarkers allow healthcare providers to diagnose various cardiovascular diseases and conditions such acute coronary syndrome, myocardial infarction, congestive heart failure, and cardiomyopathies. Cardiac biomarkers help identify individuals at risk, facilitate diagnosis, guide therapy, and provide prognostic information. The rising prevalence of cardiovascular diseases worldwide is anticipated to drive the demand for cardiac biomarkers in the coming years.

The Global Cardiac Biomarkers Market is estimated to be valued at US$ 11331.71 Mn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024 to 2031.

Cardiac biomarkers find widespread applications in hospitals, diagnostic centers, research institutions, and other healthcare settings for diagnosing cardiovascular diseases, which remains the leading cause of death globally. The ability of Cardiac Biomarker Market Growth to accurately and quickly diagnose heart conditions without complex imaging tests or invasive procedures is boosting their adoption.

Key Takeaways
Key players operating in the Cardiac Biomarkers market are Abbott Laboratories, F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Randox Laboratories Ltd., Siemens Healthineers, and BioMérieux SA. These leading players are focusing on expanding their product portfolios through mergers and acquisitions as well as launching innovative cardiac biomarker tests.
The market is witnessing several growth opportunities owing to rising public-private investments to develop advanced cardiac biomarker-based diagnostic methods. Furthermore, the growing geriatric population vulnerable to cardiovascular ailments will propel demand.
Globally, the cardiac biomarkers market is expanding rapidly as cardiovascular diseases have emerged as a major health concern in developing nations of Asia Pacific and Latin America. Market players are increasing their presence in these high growth regions through new product approvals and partnerships with local healthcare providers.

Market Drivers
Growing prevalence of cardiovascular diseases worldwide: Cardiovascular diseases remain the leading cause of death globally. The swelling patient pool diagnosed with conditions such as heart attacks, strokes, heart failure is driving utilization of cardiac biomarkers.
Increasing adoption of biomarker-based diagnostic approaches: Cardiac biomarkers provide quick, accurate, and inexpensive diagnosis of heart conditions as compared to alternative diagnostic modalities such as cardiac MRI or CT scans. This is boosting their adoption.

Market Restrain
Low awareness in developing nations: In developing Asian, African, and Latin American countries, awareness regarding cardiovascular diseases and the role of biomarkers is relatively low. This acts as a major market restraint.
Limitations of existing cardiac biomarkers: Currently available cardiac biomarkers have limitations such as low sensitivity and specificity. The lack of a cardiac biomarker panel for robust diagnosis poses a challenge.

Segment Analysis
The Cardiac Biomarkers Market has two main segments - troponins and natriuretic peptides. Troponins have been dominating the Cardiac Biomarkers Market as they are considered the gold standard biomarker for detecting cardiac injury. They play a vital role in the routine diagnosis and management of patients with suspected myocardial infarction. Cardiac troponins are highly sensitive and specific for myocardial injury and necrosis. Natriuretic peptides segment is also gaining significance due to increasing research activities related to cardiovascular diseases. Brain natriuretic peptide (BNP) and its amino terminal counterpart (NT-proBNP) are useful for evaluating ventricular dysfunction and heart failure.

Global Analysis
On the basis of region, the Cardiac Biomarkers Market in North America holds the largest market share owing to advanced healthcare infrastructure and increased prevalence of cardiovascular diseases. The market in Europe is second largest primarily due to the growing aging population at high risk for cardiovascular disorders. However, the Asia Pacific region is expected to witness the fastest growth over the forecast period owing to growing medical tourism industry in Southeast Asian countries and rising research funding for cardiac biomarkers by governments. This further facilitates the adoption of novel technologies for cardiovascular testing in the region.

Get more insights on Cardiac Biomarkers Market