We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
Thermo Fisher Scientific - Direct Effect Media

Download Mobile App




Events

ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Global Cardiac POC Testing Devices Market Driven by Increasing Demand for Troponin Tests

By HospiMedica International staff writers
Posted on 01 Feb 2022
Print article
Illustration
Illustration

The global market for cardiac point of care (POC) testing devices is projected to grow at a CAGR of 5.8% from an estimated USD 1.2 billion in 2020 to USD 1.7 billion by 2026, driven primarily by the fast-growing POC cardiac markers test segment.

These are the latest findings of Research and Markets (Dublin, Ireland), the world’s largest market research store.

The increasing adoption of sensitivity and premium-priced POC Troponin tests is contributing to the growth of the global market. The increasing shift towards value-based and efficient healthcare service delivery against the backdrop of stringent budgets is boosting the growth prospects for the POC cardiac testing market. Moreover, the majority of medical professionals are opting for POC cardiac testing to quickly monitor the condition of patients experiencing chest pain or other heart ailment symptoms in emergency care environments. The global phenomenon of a burgeoning aging populace is driving the demand for POC test kits for use in home healthcare and old age homes. Growing patient awareness and increasing availability of over the counter POC tests is a major factor propelling the POC tests market. At a time when the global healthcare industry is transitioning from disease treatment to disease prevention through increased involvement with patients, POC diagnostic kits are playing an instrumental role in reducing the risk of occurrence and the intensity of prevailing diseases by facilitating prompt diagnosis and earlier clinical intervention.

The cardiac markers test segment currently accounts for a share of 29.7% of the global cardiac POC testing devices market and is projected to grow at a 6.1% CAGR to reach US 1.3 billion by 2026 while the analyzers segment is expected to record a CAGR of 5.1% CAGR over the forecast period. Blood cardiac biomarkers-based evaluation of cardiac abnormalities is becoming more and more accurate, which is a major factor driving the growing popularity of cardiac biomarkers. Increasing consumer awareness, coupled with the growing adoption of cardiac kits, is set to drive the growth of the cardio biomarker market in the medium term.

Geographically, the US currently accounts for a share of 37.36% of the global cardiac POC testing devices market and is estimated to surpass USD 0.5 billion in 2021, driven by the rising prevalence of cardiovascular diseases, higher levels of physician and patient awareness, favorable government policies, and increased usage of cardiac tests. China’s cardiac POC testing devices market is expected to record a CAGR of 7.4% through the forecast period to surpass USD 0.2 billion in 2026. Japan and Canada are projected to grow at a CAGR of 4.6% and 5.9%, respectively over the analysis period. Within Europe, Germany is forecasted to grow at approximately 4.8% CAGR while the Rest of European market is expected to surpass USD 0.2 billion by 2026. The Asia Pacific cardiac POC testing devices market is also growing steadily on account of increasing awareness about cardiac diagnosis and treatment as well as rising healthcare expenditure in the region.

Related Links:
Research and Markets 


Print article

Channels

Surgical Techniques

view channel
Image: Robotic surgery has been found to improve patient recovery time (Photo courtesy of Pexels)

Robotic Surgery Found to Be Safer, Reduces Patient Time in Hospital

Unlike open surgery, where a surgeon works directly on a patient and involves large incisions in the skin and muscle, robot-assisted surgery allows surgeons to guide minimally invasive instruments remotely... Read more

Patient Care

view channel
Image: Future wearable health tech could measure gases released from skin (Photo courtesy of Pexels)

Wearable Health Tech Could Measure Gases Released From Skin to Monitor Metabolic Diseases

Most research on measuring human biomarkers, which are measures of a body’s health, rely on electrical signals to sense the chemicals excreted in sweat. But sensors that rely on perspiration often require... Read more

Health IT

view channel
Image: AI can reveal a patient`s heart health (Photo courtesy of Mayo Clinic)

AI Trained for Specific Vocal Biomarkers Could Accurately Predict Coronary Artery Disease

Earlier studies have examined the use of voice analysis for identifying voice markers associated with coronary artery disease (CAD) and heart failure. Other research groups have explored the use of similar... Read more
Copyright © 2000-2022 Globetech Media. All rights reserved.