Market Trends of Cardiac Marker Analyzer Industry
Immuno-Fluorescence Analyzers (IFA) Segment is Expected to Hold the Largest Share in the Market
The immunofluorescence analyzers (IFA) segment is expected to account for the highest cardiac marker analyzer market share. Compared to other analyzers, their dominance in the revenue share can be attributed to their use as the gold standard for the early diagnosis of cardiac diseases. In addition, owing to their ability to quantify the concentration of biomarkers in whole blood, serum, and plasma to assist clinical diagnosis, there is a growing demand for IFA analyzers. Thus, the segment is expected to witness growth.
Among all major cardiovascular disorders, myocardial infarction (MI) has a high morbidity and mortality rate. Thus, it is crucial to identify the right biomarkers as soon as possible to prevent the occurrence of MI and other serious outcomes. Various types of biomarkers can be tested using IFA analyzers, including the cardiac markers Troponin I, NT-proBNP, h-FABP, CK-MB, myoglobin, and others.
According to an article published in PMC in August 2021, cardiac troponin, a crucial component of muscle control and contraction, was one of the most specific biomarkers for cardiac damage because of its high specificity. The same source stated that numerous diagnostic techniques have been developed, but IFA was discovered to be a quick, precise, and sensitive instrument for determining cardiac troponins post-MI. Thus, such research is fueling the segment's growth. Therefore, owing to the abovementioned factors, the segment is expected to grow significantly during the forecast period.
North America is Expected to Have a Significant Growth Over the Forecast Period
North America is expected to dominate the overall cardiac marker analyzer market throughout the forecast period. The major factors attributing to the growth are a sedentary lifestyle, a lack of physical activity, a lack of a proper diet, anxiety, and stress, resulting in the growing prevalence of multiple cardiovascular diseases like coronary artery disease, strokes, and atrial fibrillation. The United States contributes significantly to the market's growth among other regional countries.
Various sources and research state that troponin is often used as a cardiac biomarker to diagnose and risk stratification patients with suspected acute coronary syndrome (ACS). When the heart muscle has been damaged, like in the case of a heart attack, these troponin I or T proteins are released. The blood's troponin I or T levels are determined using a troponin test with immunoassay analyzers. Thus, with an increase in cardiac patients in countries across North America, the demand for cardiac markers is increasing, which is expected to fuel the market's growth. For instance, the January 2022 update from Cedars-Sinai showed that coronary artery bypass graft surgery (CABG), also known as coronary artery bypass or bypass surgery, is the most common type of heart surgery, and more than 300,000 people have successful bypass surgery in the United States each year.
In addition, the July 2022 update by the CDC showed that coronary heart disease was the most common type of heart disease, and approximately 20.1 million adults aged 20 and older had the disease in the United States. Additionally, per the source above, every 40 seconds, someone suffers from a heart attack, and nearly 805,000 people in the United States have a heart attack every year. Thus, the high burden of cardiovascular diseases demands the availability of advanced diagnostic options for better treatment, thereby driving the demand for cardiac markers. This is expected to drive the demand for cardiac marker analyzers, fueling market growth in the region.
Hence, due to the abovementioned factors, the market studied is expected to witness significant growth over the forecast period in North America.
