Rapid Blood Tests Expected to Have a Sizable Market Share; Heart Attack Diagnostics Market to Reflect a CAGR Of 7.1% through 2032: Fact.MR Study

Heart Attack Diagnostics Market Analysis by Test (Electrocardiogram, Blood Tests, Angiogram, Computerized Cardiac Tomography, and Other Tests), by End User, by Region – Global Forecast 2022-2032

United States, Rockville, MD, May 12, 2022 (GLOBE NEWSWIRE) — During the projected period, the heart attack diagnostics market is estimated to grow at a 7.1% CAGR, from US$ 11.2 Billion by 2022 to US$ 22.2 Billion by 2032.

The COVID-19 pandemic has substantially influenced the market for heart attack diagnoses. People with heart disorders are more likely to develop the virus, especially those prone to heart attacks, and there is a substantial risk of mortality if the infection is not detected in time. Furthermore, several of the early symptoms of COVID-19 are similar to heart attacks, such as chest discomfort, nausea, exhaustion, and difficulty breathing.

The rise in cases of coronary heart disease, technological advancements in ECG devices such as handheld and portable, an increase in geriatric populations, rising obesity and tobacco smoking, a shift toward an unhealthy lifestyle, and favourable government regulations regarding monitoring devices are all factors driving the growth of the heart attack diagnostics market.

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Furthermore, an increase in healthcare expenditure, collaborations and partnerships between key players to facilitate drug development; an increase in R&D activities; the launch of novel devices; and technological development are factors driving the growth of the heart attack diagnostics market.

However, the greater cost of diagnostic instruments, a shortage of experienced professionals, and the low Medicare reimbursement granted for mobile cardiac outpatient telemetry electrocardiogram (ECG) would impede the growth of the heart attack diagnostics market.

The increasing prevalence of cardiovascular illnesses, the ageing of the population, and the rising need for advanced cardiovascular therapy would drive the expansion of the heart attack diagnostics market.

Furthermore, growing healthcare spending, collaborations and partnerships among major players, increased R & D, launches of innovative created devices and technical improvements are some of the factors driving the growth of the heart attack diagnostics market.

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Key Takeaways:

• In the test sector, blood tests from the heart attack diagnostics market are anticipated to flourish at the quickest CAGR of 6.8% through 2032.
• With a CAGR of 6.7% through 2032, Hospitals are predicted to grow significantly in the end-use sector of the heart attack diagnostics market.
• The market size for heart attack diagnostics market in the United States is expected to reach US$ 7.7 Billion by 2032, growing at a CAGR of 6.8% during the forecast period.
• United Kingdom is anticipated to reach a market size of US$ 926.5 Million in Heart attack diagnostics by 2032, with a CAGR of 6.1% during the forecast period.
• China’s Heart attack diagnostics market is anticipated to be worth US$ 1.6 million by 2032, with a CAGR of 6.4% over the forecast period.
• Japan is expected to have a market size for Heart attack diagnostics of US$ 1.3 Billion by 2032, with a CAGR of 5.4% during the forecast period.
• By 2032, South Korea is expected to reach a market size of US$ 839.6 Million in heart attack diagnostics, with a CAGR of 5% during the forecast period.

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Competitive Landscape:

The heart attack diagnostics market is projected to be extremely competitive, with numerous prominent competitors. New quick and portable (flexible) blood and enzyme-based diagnostics have the potential to dominate the heart attack diagnostics market and drive innovation in these areas.

Advancements in ECG technology may be game changers for low-income nations and severe heart-related disorders. Siemens Healthcare GmbH, Schiller AG, GE Healthcare, Hitachi Medical Systems, and F Hoffmann-La Roche Ltd are among the prominent companies.

Recent Development:

• In April 2021, Roche unveiled a set of five new intended uses for two critical cardiac biomarkers, highly sensitive cardiac troponin T (cTnT-hs) and N-terminal pro-brain natriuretic peptide test, utilising Elecsys® technology (NT-proBILLIONP).
• The European Union authorised the artificial intelligence-based CaRi-Heart Technology in March 2021 to identify and forecast the danger of a serious heart attack years before it occurs. The British Heart Foundation and Caristo Diagnostics collaborated to create the CaRi-Heart Technology.

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Geographically, the United States was found to have the largest heart attack diagnostics market due to the region’s increasing incidence rate and substantial research and development efforts. Countries such as the United States and Canada have been effective in the demand for heart attack diagnostics, which will assist in the region’s heart attack diagnostics market expansion.

The availability of well-equipped healthcare infrastructure, encouraging government measures to introduce heart attack diagnostics, and an ever-improving reimbursement environment will drive heart attack diagnostics market expansion.

Europe was found to be the second biggest market in heart attack diagnostics due to improved healthcare procedures and the installation of deep healthcare concerns in the region due to the increased risk of a heart attack in older patients. The Asia Pacific region is predicted to expand the quickest during the projection period.

The rising number of patients suffering from cardiovascular illnesses, the high burden of patients in densely populated nations such as India, and the region’s increasing desire for enhanced diagnostics are key factors driving the heart attack diagnostics market in the Asia Pacific.

China and India are the region’s fastest-growing economies, which will drive market growth for total heart attack diagnostics.

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