Worldwide Heart Attack Diagnostics Industry to 2026 – Technological Advancements are Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Heart Attack Diagnostics Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The global heart attack diagnostic market is expected to register a CAGR of 7.9% in the forecast period (2021 – 2026).

Companies Mentioned

• GE Healthcare
• Hitachi Corporation
• Koninklijke Philips NV
• Midmark Corporation
• F Hoffmann-La Roche Ltd
• Schiller AG
• Siemens Healthineers
• Toshiba Corporation
• Welch Allyn Inc.
• Astrazenca PLC

Key Market Trends

Rapid Blood Tests like Troponin Test is Expected to Occupy a Significant Share in the Market over the Forecast Period

Over the forecast period, the ECG domain may see some high growth rates in the low- and middle-income countries, while developed countries will observe major growth in the rapid blood test and enzyme-based diagnostics techniques, like Troponin T diagnostic kit and Creatine Kinase MB Isoenzyme (CK-MB) diagnostic technique. These are highly sensitive and rapid tests that give results in an hour or two while current ones provide results in six or seven hours, giving doctors few extra hours, which can be enough to save a patient’s life.

Moreover, the developing countries may not be limited to ECG-based tests only, thus, creating a huge market for rapid blood tests due to their huge population. For example, India and China witness millions of deaths every year due to cardiovascular diseases. Electrocardiogram (ECG) is a more complex system that can only be performed if the patient is physically available. At the same time, there are no such limitations for blood and enzyme-based diagnostic techniques. In a country like India where basic healthcare facility is out of reach from most of the population, this kind of blood tests can be performed anywhere in the mobile hospitals. It is observed that the troponin market reached an evaluation of USD 1 billion in 2017, and by 2025, it may become a market of more than USD 2 billion.

North America is Expected to Dominate the Heart Attack Diagnostics Market during the Forecast Period

As per the report by CDC, at every 40 seconds, an American may have a heart attack, and it is one of the expensive conditions treated in US hospitals. According to the American Heart Association, by 2035, around 45% of the United States population are likely to suffer from heart disease, due to factors, like high obesity, high smoking, and unhealthy lifestyle, which lead to heart attack and related issues. Thus, North America is expected to dominate the overall heart attack diagnostics market over the forecast period (2021 – 2026). Other reasons that may be a factor in this will be quality healthcare infrastructure and high scope for innovation.

While in Canada, deaths due to heart attack and cardiovascular diseases are as low as 189 out of 100,000 (2019), out of which the heart attack deaths are very less. Whereas, in the other part of North America, i.e., Mexico, the death rate due to heart attack and cardiovascular diseases are quite high. Furthermore, around 24% of deaths in Mexico are due to cardiovascular diseases, mainly because of the huge consumption of tobacco and alcohol, and poor health infrastructure, among others.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Technological Advancements

4.2.2 Major Rise in Cardiovascular Diseases

4.2.3 Increasing the Quality of Life

4.3 Market Restraints

4.3.1 Expensive Diagnostics Products

4.3.2 Lack of Skilled Workforce in the Hospitals and Other Areas

4.4 Industry Attractiveness – Porter’s Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Test

5.2 By End User

5.3 By Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/kaa0e4

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