With CAGR of 7.1 % Cardiac POC Testing Devices Market to Surge beyond US$ 4.1 Billion by 2030 on the Back of Rising Prevalence of Cardiac Ailments | Abbott Laboratories,BG Medicine Inc., Roche Diagnostics Inc., Medtronic Inc.

Global Cardiac PoC Testing Devices market, by End user (Diagnostic Laboratories, Ambulatory Surgical Centers, Hospitals, Research Laboratories, and Others), by Product Type (Cardiac Markers Test and Analyzers), and by Region – Share, Insights, Size, Opportunity Analysis, and Industry Forecast till 2025

Cardiac POC Testing Devices: A Fast-Resulting Diagnostic Healthcare Test

Cardiac point-of-care (POC) testing is a type of diagnostic test that focuses on heart-related conditions and is typically performed at or near the location where the patient is being treated. One type of POC testing is a blood test used to detect cholesterol levels and blood coagulation, which can help physicians assess the risk of burgeoning blood clots and severe bleeding within blood vessels that can lead to cardiac arrest. In addition, cardiac POC testing may include an analysis of brain natriuretic peptide and troponin levels to recognize cardiovascular disorders like heart failure, coronary artery disease, and myocardial infarction. One significant advantage of cardiac POC testing is that it reduces the amount of time required to obtain diagnostic data and reports. In many cases, patients can receive their test results within an hour of submitting their samples, which allows for prompt responses and effective management of cardiac diseases.

The World Health Organization (WHO) reported that in 2016, high cholesterol levels were responsible for 1/3 of ischemic heart disease cases. Cardiac disorders are believed to be caused by a rise in blood coagulants and cholesterol in blood arteries. The World Health Organization (WHO) reported that in 2016, there were over 2.5 million individuals experiencing cardiac illnesses. The cardiac POC testing device offers a user-friendly system for accurately diagnosing heart illness and assessing cholesterol levels.

According to estimates in 2022, the global cardiac POC testing market was worth US$ 2,104.1 Mn and is anticipated to experience a CAGR of 7.1 % between 2023 and 2030.

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The growth of the cardiac POC testing devices market is experiencing significant growth due to the rising incidence of cardiac disorders.

The FH Foundation, an organization that focuses on the research and education of Familial Hypercholesterolemia (FH), reported in 2015 that the prevalence of FH was approximately 1 in 200–500 individuals across the world. This number is predicted to rise in the coming years due to the increasing population, leading to a higher demand for cholesterol level testing in people. Consequently, the cardiac POC testing devices market is anticipated to experience overall growth. In 2013, the World Health Organization estimated that approximately 33.5 Mn people worldwide had suffered from coronary artery illness, a significant condition that can cause heart attacks. The increasing incidence of cardiovascular diseases is likely to boost the need for cardiac POC testing devices, which would ultimately drive the market’s growth. In 2015, the US government enacted the Patient Protection and Affordable Care Act, commonly known as “Obamacare,” through the Hospital Readmissions Reduction Program (HRRP). The program levies fines on hospitals for patient readmissions within 30 days, resulting in a reduction of up to 1-2% in Medicare payments per patient. As a result, the cost of diagnosis is reduced, which accelerates the growth of the cardiac POC testing devices market.

The growth of the cardiac POC testing device market is experiencing growth due to factors such as a rise in purchasing power and the high prevalence of cardiac conditions.

The global market is anticipated to experience growth due to an increase in the aging population, who are more vulnerable to chronic diseases associated with cardiac disorders, as well as the affordable diagnosis of such illnesses in rural areas. In Asia Pacific, the cardiac POC testing devices market is predicted to grow rapidly during the projected timeframe, owing to a rising population and the rising buying power of patients. To enhance product exposure and gain a larger market share, major players are implementing new tactics like acquisitions and mergers, medical symposiums, and product launches. The market growth is projected to benefit from the introduction of new products and collaborations among manufacturers, academic institutions, and hospitals. An example of this is the release of a software firmware by Abbott Laboratories, a global healthcare company, in July 2017. This firmware was incorporated into a cardiac testing device. Additionally, Abbott Laboratories acquired St. Jude Medical, a cardiac device maker, for a stock deal worth US$ 25 billion. The objective of this collaboration is to develop a multitude of cutting-edge medical devices targeted towards patients who are experiencing cardiovascular ailments.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Cardiac POC Testing Devices Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Cardiac POC Testing Devices Industry Impact

Chapter 2 Global Cardiac POC Testing Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Cardiac POC Testing Devices (Volume and Value) by Type
2.3 Global Cardiac POC Testing Devices (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Cardiac POC Testing Devices Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Cardiac POC Testing Devices Market Analysis
Chapter 6 East Asia Cardiac POC Testing Devices Market Analysis
Chapter 7 Europe Cardiac POC Testing Devices Market Analysis
Chapter 8 South Asia Cardiac POC Testing Devices Market Analysis
Chapter 9 Southeast Asia Cardiac POC Testing Devices Market Analysis
Chapter 10 Middle East Cardiac POC Testing Devices Market Analysis
Chapter 11 Africa Cardiac POC Testing Devices Market Analysis
Chapter 12 Oceania Cardiac POC Testing Devices Market Analysis
Chapter 13 South America Cardiac POC Testing Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Cardiac POC Testing Devices Business
Chapter 15 Global Cardiac POC Testing Devices Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology