Cardiac Reader System Market- Global Industry Analysis and Forecast (2023-2029)

Cardiac Reader System Market was valued at US$ 1.57 Bn. in 2022. Global Cardiac Reader System Market size is expected to grow at a CAGR of 5 % through the forecast period.

Cardiac Reader System Market Overview:

The heart Reader is an innovative device that aids in the quantitative evaluation of immunoassay which uses the gold labeling technique. This Cardiac Reader System delivers high-through point-of-care solutions for the diagnosis of myocardial infarction and other cardiac-related disorders by measuring STAT, cardiac troponin, CKM, CKB, myoglobin, or D-dimer levels in as little as 14 minutes, equating to 36 tests per hour. Special features such as software, which provides an internal standard to adjust for inherent membrane variability between assays, and built-in LCDs for ease of use and visual clarity, improve efficacy and accuracy. Cardiac Reader System MarketTo know about the Research Methodology :- Request Free Sample Report 2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Cardiac Reader System Market Dynamics:

Market Drivers: Growing Incidence of Cardiac Disorder and advancements in technology: In the world of ready-to-eat food people are more prone to street food which contains high cholesterol and fatty substances that cause various heart diseases. According to World Health Organization (WHO), 17.9 million people die each year from cardiovascular disease which is 32% of all death worldwide. The incidence of heart diseases such as Coronary Artery Disease, High Blood Pressure, Cardiac Arrest, and Heart Failure are increasing. Due to an increase in mortality from heart failure and other cardiac abnormalities around the world, the use of Cardiac Reader System devices to treat cardiac disorders has increased. As a result, this aspect has a significant influence on the growth of the Cardiac Reader System Market. Because the market is heavily influenced by technological innovation in this sector, the impact of this element has a substantial impact on increasing the acceptance of novel gadgets. Furthermore, as the number of heart disorders rises, the demand for detection and better treatment options will increase. Hence, the growing incidence of cardiac disorders and advancements in technology will boost the growth of the market during the forecast period. Increasing Patient Awareness: From our study, it is found that many people are not aware of the reasons and preventive measures for cardiovascular diseases. But due to various campaigns started by pharma companies like Emcure, Novartis, and AstraZeneca people’s awareness of cardiovascular diseases is increasing. Because the adoption of modern treatment devices is low in emerging economies, this aspect has an impact on market growth. There are many novel and implantable-assisted solutions available in the market; however, surgeons and patients in developing countries are unaware of the Cardiac Reader System, limiting the market growth. Nowadays, Manufacturers have partnered with government hospitals to raise information on innovative cardiac monitoring and cardiac rhythm management technologies; therefore, the impact of this aspect is expected to increase the growth of the market During the forecast period. Market Restraints: High Cost of Devices: Technologically advanced cardiac reader devices such as wireless pacemakers, leadless pacemakers, MRI compatible devices, biocompatible materials, miniaturized devices, and long-lasting batteries are readily available in the market, particularly in developed regions, for the treatment of heart ailments. The high cost of these devices, on the other hand, has a negative impact on market growth due to reduced acceptance and a lesser number of procedures requiring their use. Because of their expensive cost, these gadgets are not widely used in developing and underdeveloping nations. Hence, the high cost of these devices and the acceptance of customers can hinder the growth of the Cardiac Reader System Market.

Cardiac Reader System Market Segment Analysis:

Based on the End-User, the Cardiac Reader System Market is segmented into Hospitals, Laboratories, and Others. The hospitals & clinics segment dominated the market in 2022, and this trend is likely to continue during the forecast period, because of hospitals' widespread adoption of Cardiac Reader systems and physicians' routine use of Cardiac Reader testing. However, due to an increase in the recommendation of a cardiac reader for quantitative evaluation of immunoassay in the hospital, the market is expected to grow more. According to World Health Organization (WHO), 17.9 million people die each year from cardiovascular disease which is 32% of all death globally. The incidence of heart diseases such as Coronary Artery Disease, High Blood Pressure, Cardiac Arrest, and Heart Failure are increasing. Due to an increase in mortality from heart failure and other cardiac abnormalities around the world, the use of Cardiac Reader System devices to treat cardiac disorders has increased in hospitals. So, the increasing demand for Cardiac Reader System in the hospital will boost the growth of the Hospital Segment in the market during the forecast period.

Cardiac Reader System MarketRegional Insights:

The North America region dominated the market with a 37 % share in 2022. The North America region is expected to witness significant growth at a CAGR of 17% through the forecast period. The increasing geriatric population, prevalence of cardiac disorders, and rising healthcare expenditure are expected to boost the market in this region. In addition, the presence of the key player in this region makes the North America region dominated the market during the forecast period. The market for mobile Cardiac Reader Systems in the Asia Pacific is expected to grow at a CAGR of 13.5% during the forecast period. Dietary habits and the increasing adoption of a sedentary lifestyle that leads to physical inactivity are contributing to the region's rising market for Cardiovascular Reader System. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help understand the market dynamic and structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.

Cardiac Reader System Market Scope: Inquiry Before Buying

Cardiac Reader System Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US$ 1.57 Bn.
Forecast Period 2023 to 2029 CAGR: 5% Market Size in 2029: US$ 2.21 Bn.
Segments Covered: by Marker Type Troponin Creatine Kinase Myoglobin Others
by End-Users Hospitals Laboratories Others
by Modularity Type Benchtop Analyzers Compact
by Product Type Enzyme Immunoassay Analyzers Chemiluminescence Immunoassay Analyzers Magnetic Immuno-Chromatographic Assay Analyzers Immuno-Fluorescence

by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Cardiac Reader System Market Key Players

1. Radiometer Medical 2. Creative Diagnostics 3. Boditech Med 4. Mitsubishi Chemical 5. Quidel 6. Roche 7. Beckman Coulter Siemens 8. Abbott 9. Emcure 10. Jarvik Heart, Inc. 11. Koninklijke Philips N.V. 12. LivaNova PLC 13. Medtronic plc 14. Nihon Kohden Corporation 15. ReliantHeart Inc. 16. SCHILLER AG 17. St. Jude Medical, Inc. 18. Hill-Rom Holdings, Inc. 19. Cardiac Science Corporation 20. General Electric Company (GE) Frequently Asked Questions: 1] What segments are covered in the Global Cardiac Reader System Market report? Ans. The segments covered in the Cardiac Reader System Market report are based on Product Type, Modularity Type, Marker Type, and End User. 2] Which region is expected to hold the highest share in the Global Cardiac Reader System Market? Ans. The North America region is expected to hold the highest share in the Cardiac Reader System Market. 3] What is the market size of the Global Cardiac Reader System Market by 2029? Ans. The market size of the Cardiac Reader System Market by 2029 is expected to reach US$ 2.21 Bn. 4] What is the forecast period for the Global Cardiac Reader System Market? Ans. The forecast period for the Cardiac Reader System Market is 2023-2029. 5] What was the market size of the Global Cardiac Reader System Market in 2022? Ans. The market size of the Cardiac Reader System Market in 2022 was valued at US$ 1.57 Bn.
1. Global Cardiac Reader System Market Size: Research Methodology 2. Global Cardiac Reader System Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Cardiac Reader System Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Cardiac Reader System Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • The Asia Pacific • South America 3.12. COVID-19 Impact 4. Global Cardiac Reader System Market Size Segmentation 4.1. Global Cardiac Reader System Market Size, by Marker Type (2022-2029) • Troponin • Creatine Kinase • Myoglobin • Others 4.2. Global Cardiac Reader System Market Size, by Modularity Type Mode (2022-2029) • Benchtop Analyzers • Compact Analyzers 4.3. Global Cardiac Reader System Market Size, by Product Type (2022-2029) • Enzyme Immunoassay Analyzers • Chemiluminescence Immunoassay Analyzers • Magnetic Immuno-Chromatographic Assay Analyzers • Immuno-Fluorescence Analyzers 4.4. Global Cardiac Reader System Market Size, by End-Users (2022-2029) • Hospitals • Laboratories • Others 5. North America Cardiac Reader System Market (2022-2029) 5.1. North America Cardiac Reader System Market Size, by Marker Type (2022-2029) • Troponin • Creatine Kinase • Myoglobin • Others 5.2. North America Cardiac Reader System Market Size, by Modularity Type Mode (2022-2029) • Benchtop Analyzers • Compact Analyzers 5.3. North America Cardiac Reader System Market Size, by Product Type (2022-2029) • Enzyme Immunoassay Analyzers • Chemiluminescence Immunoassay Analyzers • Magnetic Immuno-Chromatographic Assay Analyzers • Immuno-Fluorescence Analyzers 5.4. North America Cardiac Reader System Market, by End-Users (2022-2029) • Hospitals • Laboratories • Others 5.5. North America Cardiac Reader System Market, by Country (2022-2029) • The United States • Canada • Mexico 6. European Cardiac Reader System Market (2022-2029) 6.1. European Cardiac Reader System Market, by Marker Type (2022-2029) 6.2. European Cardiac Reader System Market, by Modularity Type Mode (2022-2029) 6.3. European Cardiac Reader System Market Size, by Product Type (2022-2029) 6.4. European Cardiac Reader System Market, by End-Users (2022-2029) 6.5. European Cardiac Reader System Market, by Country (2022-2029) • The UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Cardiac Reader System Market (2022-2029) 7.1. Asia Pacific Cardiac Reader System Market, by Marker Type (2022-2029) 7.2. Asia Pacific Cardiac Reader System Market, by Modularity Type Mode (2022-2029) 7.3. Asia Pacific Cardiac Reader System Market Size, by Product Type (2022-2029) 7.4. Asia Pacific Cardiac Reader System Market, by End-Users (2022-2029) 7.5. Asia Pacific Cardiac Reader System Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Cardiac Reader System Market (2022-2029) 8.1. The Middle East and Africa Cardiac Reader System Market, by Marker Type (2022-2029) 8.2. The Middle East and Africa Cardiac Reader System Market, by Modularity Type Mode (2022-2029) 8.3. The Middle East and Africa Cardiac Reader System Market Size, by Product Type (2022-2029) 8.4. The Middle East and Africa Cardiac Reader System Market, by End-Users (2022-2029) 8.5. The Middle East and Africa Cardiac Reader System Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Cardiac Reader System Market (2022-2029) 9.1. South America Cardiac Reader System Market, by Marker Type (2022-2029) 9.2. South America Cardiac Reader System Market, by Modularity Type Mode (2022-2029) 9.3. South America Cardiac Reader System Market, by Product Type (2022-2029) 9.4. South America Cardiac Reader System Market, by End-Users (2022-2029) 9.5. South America Cardiac Reader System Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Radiometer Medical 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Creative Diagnostics 10.3. Boditech Med 10.4. Mitsubishi Chemical 10.5. Quidel 10.6. Roche 10.7. Beckman Coulter Siemens 10.8. Abbott 10.9. Emcure 10.10. Jarvik Heart, Inc. 10.11. Koninklijke Philips N.V. 10.12. LivaNova PLC 10.13. Medtronic plc 10.14. Nihon Kohden Corporation 10.15. ReliantHeart Inc. 10.16. SCHILLER AG 10.17. St. Jude Medical, Inc. 10.18. Hill-Rom Holdings, Inc. 10.19. Cardiac Science Corporation 10.20. General Electric Company (GE)
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