PUBLISHER: The Business Research Company | PRODUCT CODE: 1596075
PUBLISHER: The Business Research Company | PRODUCT CODE: 1596075
Point-of-care testing (POCT) for cardiac disease refers to diagnostic tests performed near or at the site of patient care, allowing for rapid results without the need for centralized laboratory testing. These tests are designed to detect and monitor various cardiac conditions, including acute coronary syndromes, heart failure and other cardiovascular disorders.
The POCT (point of care testing) cardiac disease market consists of sales, by entities (organizations, sole traders and partnerships), of POCT (point of care testing) cardiac disease systems, solutions and services that play a critical role in emergency and urgent care settings, where timely decision-making can significantly impact patient outcomes. The primary users of these tests include healthcare professionals such as doctors, nurses and paramedics, who utilize them to quickly assess cardiac biomarkers, such as troponins and natriuretic peptides, to aid in diagnosing heart attacks or monitoring heart function.
The global POCT (point of care testing) cardiac disease market was valued at $1,332.59 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 6.00%.
Increasing Adoption Of Portable And Wearable Devices
Increasing adoption of portable and wearable devices contributed to the growth of the POCT (point of care testing) cardiac disease market in the historic period. Portable and wearable POCT devices, including handheld electrocardiogram (ECG) monitors and wearable heart rate monitors, enabled patients and healthcare providers to perform cardiac tests beyond traditional hospital environments. This increased convenience facilitated more frequent testing and earlier detection of cardiac issues, thereby driving market growth. For instance, according to Digital Silk, a US-based creative digital agency, the global wearable technology market is rapidly evolving. By 2022, the number of connected wearable devices worldwide was estimated to exceed 1.1 billion. Notably, 79% of companies that have adopted wearable technology reported that these devices play a vital role in their success, while 76% saw improvements in overall performance. Furthermore, 86% of these companies plan to increase their investment in wearables, reflecting a strong belief in the technology's ability to enhance business outcomes and drive innovation across various industries. Therefore, the increasing adoption of portable and wearable devices drove the growth of the POCT (point of care testing) cardiac disease market.
Launch Of New Point-Of-Care Tests For Heart Failure
Companies operating in POCT (point of care testing) cardiac disease are launching new point-of-care tests for heart failure which ensures that the test meets the needs of a substantial patient demographic and helps allocate resources effectively to those who need them most. For instance, in April 2024, F. Hoffmann-La Roche AG, a global healthcare leader based in Switzerland, introduced a new POC test for heart failure in India, specifically tailored for patients with diabetes. The NT-proBNP test is designed to support early screening for cardiovascular conditions, including heart failure, in individuals with type 2 diabetes. This test operates on the Cobas h 232 system, which enables rapid testing and delivers immediate results in clinical environments. This advancement is pivotal in identifying patients at risk of heart failure earlier, thereby allowing for timely intervention and improved patient care.
The global POCT (point of care testing) cardiac disease market is fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 6.37% of the total market in 2023.
POCT (Point of Care Testing) Cardiac Disease Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global POCT (point of care testing) cardiac disease market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for POCT (point of care testing) cardiac disease? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The POCT (point of care testing) cardiac disease market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider POCT (point of care testing) cardiac disease market; and compares it with other markets.