New Analysis from Global Industry Analysts Reveals Steady Growth for Cardiac POC Testing Devices, with the Market to Reach $1.7 Billion Worldwide by 2026

SAN FRANCISCO, Feb. 24, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cardiac POC Testing Devices - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 6; Released: February 2022
Executive Pool: 4783
Companies: 50 - Players covered include Abbott Laboratories; BG Medicine, Inc.; LifeSign LLC.; Medtronic PLC; Nexus-Dx.; Roche Diagnostics; Siemens Healthineers and Others.
Coverage: All major geographies and key segments
Segments: Segment (Cardiac Markers Test, Analyzers); End-Use (Hospitals & Laboratories, Diagnostic Centers, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Cardiac POC Testing Devices Market to Reach US$1.7 Billion by the Year 2026
Cardiac POC testing devices help in assessing cholesterol and blood glucose levels. Cardiac POC assay test kits deliver accurate results promptly and cost-effectively with standardization for minimizing operational errors. Cardiac POC diagnostic kits are finding increasing application in emerging countries with remote geographical areas, dearth of skilled medical personnel and testing laboratory infrastructure. The increasing adoption of sensitivity and premium-priced POC Troponin tests is contributing to the growth of the global market. The growing move towards value-based and efficient healthcare service delivery against the backdrop of stringent budgets is boosting the prospects for POC Cardiac testing market. Moreover, the majority of medical professionals opt of 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 the burgeoning aging populace is driving demand for POC test kits for use in home healthcare and old age homes. Growing patient awareness and the 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.

Amid the COVID-19 crisis, the global market for Cardiac POC Testing Devices estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Cardiac Markers Test, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Analyzers segment is readjusted to a revised 5.1% CAGR for the next 7-year period. This segment currently accounts for a 29.7% share of the global Cardiac POC Testing Devices market. The blood cardiac biomarkers based evaluation of cardiac abnormalities is becoming more and more accurate, which is a major factor for the growing popularity of cardiac biomarkers. The increasing consumer awareness, coupled with growing adoption of cardiac kits, is set to drive the cardio biomarker market in the medium term.

The U.S. Market is Estimated at $531.3 Million in 2022, While China is Forecast to Reach $192.6 Million by 2026
The Cardiac POC Testing Devices market in the U.S. is estimated at US$531.3 Million in the year 2022. The country currently accounts for a 37.36% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$192.6 Million in the year 2026 trailing a CAGR of 7.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$204.7 Million by the end of the analysis period. The United States represents the largest market, driven by high prevalence of cardiovascular diseases, higher levels of physician and patient awareness, favorable government policies, and high usage of cardiac tests. The Asia Pacific region is also growing steadily on account of the increasing awareness about cardiac diagnosis and treatment as well as rising healthcare expenditure. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.