Report Code: CMI48972

Published Date: May 2024

Pages: 320+

Category: Healthcare

Report Snapshot

CAGR: 12.6%
1.3B
2023
1.6B
2024
4.2B
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Abbott Laboratories
  • Siemens Healthineers
  • Roche Diagnostics
  • Beckman Coulter
  • bioMérieux SA
  • Others

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Reports Description

Global Cardiac  Market was valued at USD 1.6 Billion in 2024 and is expected to reach USD 4.2 Billion by 2033, at a CAGR of 12.6% during the forecast period 2024 – 2033.

Troponin, a protein complex present in skeletal and cardiac muscle fibres, regulates muscular contraction. Troponin levels in the blood are elevated, which indicates myocardial damage or heart muscle tension.

Cardiac Market: Growth Factors

Rising incidence of cardiovascular disease

The increased frequency of cardiovascular diseases (CVDs) has been a major driver in the troponin industry. Troponin is a cardiac biomarker used to diagnose acute myocardial infarction (AMI), a form of heart attack that is frequently related to cardiovascular diseases.

As the global incidence of CVDs grows, so does the demand for troponin testing. Troponin tests identify myocardial damage with high sensitivity and specificity, enabling early diagnosis and appropriate management in patients with suspected AMI.

Furthermore, advances in troponin testing methods have resulted in the creation of high-sensitivity troponin tests, which enhance diagnostic accuracy and clinical results. As a result, the rising incidence of CVDs emphasises the need for troponin testing in clinical practice, propelling the troponin market to fulfil the rising demand for diagnostic solutions in cardiovascular care.

The researchers merged data from the 2020 US Census Bureau report for the years 2025 to 2060 with the frequency of cardiovascular risk factors or illness from the US National Health and Nutrition Examination Survey.

From 2025 to 2060, all four CV risk factors are anticipated to rise in the general US population, with diabetes leading the way (39.3% increase to 55 million people), followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million).

Technological advancements in troponin testing

Technological improvements in troponin testing are transforming the industry by increasing the accuracy, sensitivity, and speed of cardiac biomarker identification. Newer troponin tests use high-sensitivity methods that allow the identification of even trace levels of troponin proteins generated after myocardial damage.

These tests have quick turnaround times, enabling the early detection of acute myocardial infarction (AMI) and better patient outcomes. Furthermore, developments in point-of-care testing equipment and automation have streamlined testing operations, lowering time-to-results and enabling rapid clinical decision-making.

Moreover, the use of digital technologies that include cloud-based data management platforms and mobile health applications allows for real-time data sharing, remote monitoring, and statistical analysis, which improves the efficiency and efficacy of troponin testing in clinical practice.

Roche has gained 510(k) approval for its Elecsys Troponin T Gen 5 STAT (TnT Gen 5 STAT) blood test for acute heart attacks. With its approval, Roche became the first IVD business in the United States to offer next-generation Troponin testing to patients as a tool in the diagnosis of myocardial infarction, allowing doctors to more correctly identify patients having a heart attack.

Cardiac Troponin  Market: Restraints

High cost of tests

The high cost of testing is a considerable barrier to entry into the troponin business, inhibiting widespread acceptance and limiting market expansion. Troponin tests are critical for detecting disorders like myocardial infarction and evaluating heart function.

However, many healthcare practitioners and patients continue to be concerned about their affordability, especially in resource-constrained areas. The high cost of diagnostic tests limits access, resulting in inequities in healthcare delivery and patient outcomes.

Furthermore, healthcare facilities may suffer cost limits in obtaining troponin testing equipment and reagents, worsening the situation. Efforts to minimise prices through technical innovation, bulk purchase agreements, and government subsidies might assist in alleviating this issue and increase access to troponin testing.

Furthermore, improved awareness of the need for early identification and therapy of cardiac conditions may drive demand for troponin tests, incentivizing stakeholders to address cost barriers and foster market growth.

Global Troponin Market 2024–2033 (By Product Type)

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Cardiac Troponin  Market: Opportunities

Increasing adoption of point-of-care testing

The troponin market is expanding as more people use point-of-care testing (POCT). POCT enables quick and convenient testing of biomarkers such as troponin at the patient’s bedside or in ambulatory settings, delivering instantaneous findings without the need for centralised laboratory facilities.

This tendency is especially noticeable in emergency rooms, critical care units, and outpatient clinics, where prompt diagnostic and treatment choices are vital. Troponin testing is critical in the diagnosis and treatment of acute myocardial infarction (heart attack), as high troponin levels signal cardiac muscle injury.

With the increase in cardiovascular disorders and the need for rapid and reliable diagnostic tools, there is a rising need for troponin assays that are compatible with POCT devices. Companies are aiming to manufacture portable, user-friendly troponin tests that deliver rapid results, driving the expansion of the troponin market in conjunction with the wider adoption of POCT technology.

As POC assays can provide troponin results within 20 min and can be used proximate to patient care, improvements in the efficiency of assessment of patients with suspected acute coronary syndrome are possible, particularly with new high-sensitivity assays.

Global Troponin Market 2024–2033 (By End User)

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Cardiac Troponin  Market: Segmentation Analysis

Global Troponin market is segmented by product type, application, end user and region.  Based on product type, the market is classified into Troponin T, and Troponin I. Troponin I dominated the market in 2023 with a market share of 58.2% and is expected to keep its dominance during the forecast period 2024-2033.

Troponin I is a vital protein present in cardiac muscle cells, and its presence in the circulation is an important diagnostic sign for heart muscle injury, particularly in diseases such as heart attacks.  As healthcare practitioners depend more on troponin testing to identify and monitor cardiac problems, the need for troponin assays and testing kits has increased.

Manufacturers are investing in R&D to increase troponin test sensitivity, specificity, and speed, which is fuelling market innovation. Furthermore, the increased global frequency of cardiovascular illnesses drives up demand for troponin testing, since early identification and management are critical to patient outcomes.

As a result, Troponin I’s crucial role in identifying heart muscle injury has positioned it as a cornerstone of the troponin market’s growth and expansion.

Based on application, the market is classified into acute coronary syndrome, myocardial infarction, congestive heart failure, and others. Acute Coronary Syndrome dominated the market in 2023 with a market share of 45.5% and is expected to keep its dominance during the forecast period 2024-2033.

Acute Coronary Syndrome (ACS) is a medical disorder characterised by inadequate blood flow to the heart, which is frequently caused by the blockage of coronary arteries. Troponin, a protein secreted into the circulation after cardiac muscle injury, is critical in identifying ACS.

The rising need for troponin tests in ACS diagnosis has moved the troponin market forward. Troponin tests are used by healthcare practitioners to correctly diagnose myocardial damage and determine the severity of an ACS.

As the worldwide number of ACS cases rises due to reasons such as ageing populations, sedentary lifestyles, and the rising incidence of risk factors such as diabetes and hypertension, the need for troponin tests is predicted to increase. This has resulted in advances in troponin testing technology, including high-sensitivity tests.

Based on application, the market is classified into hospitals, diagnostic center, and homecare setting. Hospital dominated the market in 2023 with a market share of 61.8% and is expected to keep its dominance during the forecast period 2024-2033.

Hospitals play an important role in growing the troponin market by providing diagnosis and treatment regimens for cardiac diseases. Because troponin is an important biomarker for measuring heart damage, hospitals routinely use troponin testing in emergency rooms, cardiac care units, and outpatient clinics to detect acute myocardial infarction (heart attack) and other cardiac disorders.

Hospitals require troponin tests from diagnostic manufacturers to enable accurate and fast identification of cardiac events, allowing for immediate intervention and patient care. Furthermore, hospitals frequently perform research and clinical trials to assess the efficacy of novel troponin tests and procedures, which influence market trends and adoption rates.

Furthermore, hospitals collaborate with healthcare providers, insurance firms, and regulatory agencies to create reimbursement policies and standards for troponin testing, which influences market dynamics.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 1.6 Billion
Projected Market Size in 2033 USD 4.2 Billion
Market Size in 2023 USD 1.3 Billion
CAGR Growth Rate 12.6% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Product Type, Application, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Troponin  Market: Regional Analysis

By region, Troponin market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Troponin market in 2023 with a market share of 41.1% and is expected to keep its dominance during the forecast period 2024-2033.

North America’s healthcare system has enhanced diagnostic capabilities, resulting in a significant demand for troponin testing in the detection of acute coronary syndromes (ACS), myocardial infarctions (MI), and other cardiac diseases.

Furthermore, the prevalence of lifestyle-related risk factors that include obesity, sedentary lifestyle, and poor eating habits adds to a substantial burden of cardiovascular disease in the region, driving up demand for troponin assays.

Moreover, the presence of major manufacturers and research institutes in North America promotes innovation and development of troponin testing technologies, which drives market expansion. Furthermore, solid regulatory frameworks and reimbursement policies encourage the use of troponin tests in clinical practice, assuring their widespread availability and use across medical facilities.

Global Troponin Market 2024–2033 (By Billion)

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Cardiac Troponin  Market: Recent Developments

  • In March 2024, UAB-led research used data from the Systolic Blood Pressure Intervention Trial, a large statewide clinical trial, to discover new perspectives on cardiac troponin I’s function in blood pressure management and cardiovascular disease risk prediction.
  • In January 2022, Turku University Hospital cooperated with the Biotechnology Unit of the Department of Life Technologies at the University of Turku to create a novel simple immunoassay test that identifies only big troponin molecules.
  • In October 2023, Mediport, a firm that monitors interstate transportation companies, and GE HealthCare, an independent healthcare technology and diagnostics company, opened a new clinic to treat cardiology patients.

List of the prominent players in the Cardiac Troponin Market:

  • Abbott Laboratories
  • Siemens Healthineers
  • Roche Diagnostics
  • Beckman Coulter
  • bioMérieux SA
  • Ortho Clinical Diagnostics
  • Bio-Rad Laboratories
  • Thermo Fisher Scientific
  • Randox Laboratories
  • Merck KGaA
  • PerkinElmer
  • Becton, Dickinson and Company
  • Sekisui Diagnostics
  • Luminex Corporation
  • Fujirebio
  • DiaSorin S.p.A
  • Singulex Inc.
  • Tosoh Corporation
  • Mindray Bio-Medical Electronics Co. Ltd.
  • Shenzhen YHLO Biotech Co. Ltd.
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Cardiac Troponin Market is segmented as follows:

By Product Type

  • Troponin T
  • Troponin I

By Application

  • Acute Coronary Syndrome
  • Myocardial Infraction
  • Congestive Heart Failure
  • Others

By End User

  • Hospital
  • Diagnostic Center
  • Homecare Setting

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cardiac Troponin Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Cardiac Troponin Market: snapshot
  • Chapter 3. Global Cardiac Troponin Market – Industry Analysis
    • 3.1 Cardiac Troponin Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising incidence of cardiovascular disease
      • 3.2.2 Technological advancements in Cardiac Troponin testing
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Product Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End User
  • Chapter 4. Global Cardiac Troponin Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cardiac Troponin Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cardiac Troponin Market – Product Type Analysis
    • 5.1 Global Cardiac Troponin Market Overview: By Product Type
      • 5.1.1 Global Cardiac Troponin Market Share, By Product Type, 2023 and 2033
    • 5.2 Cardiac Troponin T
      • 5.2.1 Global Cardiac Troponin Market by Cardiac Troponin T, 2024 – 2033 (USD Billion)
    • 5.3 Cardiac Troponin I
      • 5.3.1 Global Cardiac Troponin Market by Cardiac Troponin I, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Cardiac Troponin Market – Application Analysis
    • 6.1 Global Cardiac Troponin Market Overview: By Application
      • 6.1.1 Global Cardiac Troponin Market Share, By Application, 2023 and 2033
    • 6.2 Acute Coronary Syndrome
      • 6.2.1 Global Cardiac Troponin Market by Acute Coronary Syndrome, 2024 – 2033 (USD Billion)
    • 6.3 Myocardial Infraction
      • 6.3.1 Global Cardiac Troponin Market by Myocardial Infraction, 2024 – 2033 (USD Billion)
    • 6.4 Congestive Heart Failure
      • 6.4.1 Global Cardiac Troponin Market by Congestive Heart Failure, 2024 – 2033 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Cardiac Troponin Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Cardiac Troponin Market – End User Analysis
    • 7.1 Global Cardiac Troponin Market Overview: By End User
      • 7.1.1 Global Cardiac Troponin Market Share, By End User, 2023 and 2033
    • 7.2 Hospital
      • 7.2.1 Global Cardiac Troponin Market by Hospital, 2024 – 2033 (USD Billion)
    • 7.3 Diagnostic Center
      • 7.3.1 Global Cardiac Troponin Market by Diagnostic Center, 2024 – 2033 (USD Billion)
    • 7.4 Homecare Setting
      • 7.4.1 Global Cardiac Troponin Market by Homecare Setting, 2024 – 2033 (USD Billion)
  • Chapter 8. Cardiac Troponin Market – Regional Analysis
    • 8.1 Global Cardiac Troponin Market Regional Overview
    • 8.2 Global Cardiac Troponin Market Share, by Region, 2023 & 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Cardiac Troponin Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Cardiac Troponin Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Cardiac Troponin Market, by Product Type, 2024 – 2033
      • 8.4.1 North America Cardiac Troponin Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Cardiac Troponin Market, by Application, 2024 – 2033
      • 8.5.1 North America Cardiac Troponin Market, by Application, 2024 – 2033 (USD Billion)
    • 8.6 North America Cardiac Troponin Market, by End User, 2024 – 2033
      • 8.6.1 North America Cardiac Troponin Market, by End User, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Cardiac Troponin Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Cardiac Troponin Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Cardiac Troponin Market, by Product Type, 2024 – 2033
      • 8.8.1 Europe Cardiac Troponin Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Cardiac Troponin Market, by Application, 2024 – 2033
      • 8.9.1 Europe Cardiac Troponin Market, by Application, 2024 – 2033 (USD Billion)
    • 8.10 Europe Cardiac Troponin Market, by End User, 2024 – 2033
      • 8.10.1 Europe Cardiac Troponin Market, by End User, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Cardiac Troponin Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Cardiac Troponin Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Cardiac Troponin Market, by Product Type, 2024 – 2033
      • 8.12.1 Asia Pacific Cardiac Troponin Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Cardiac Troponin Market, by Application, 2024 – 2033
      • 8.13.1 Asia Pacific Cardiac Troponin Market, by Application, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Cardiac Troponin Market, by End User, 2024 – 2033
      • 8.14.1 Asia Pacific Cardiac Troponin Market, by End User, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Cardiac Troponin Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Cardiac Troponin Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Cardiac Troponin Market, by Product Type, 2024 – 2033
      • 8.16.1 Latin America Cardiac Troponin Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Cardiac Troponin Market, by Application, 2024 – 2033
      • 8.17.1 Latin America Cardiac Troponin Market, by Application, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Cardiac Troponin Market, by End User, 2024 – 2033
      • 8.18.1 Latin America Cardiac Troponin Market, by End User, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Cardiac Troponin Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Cardiac Troponin Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Cardiac Troponin Market, by Product Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Cardiac Troponin Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Cardiac Troponin Market, by Application, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Cardiac Troponin Market, by Application, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Cardiac Troponin Market, by End User, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Cardiac Troponin Market, by End User, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Abbott Laboratories
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Siemens Healthineers
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Roche Diagnostics
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Beckman Coulter
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 bioMérieux SA
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Ortho Clinical Diagnostics
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Bio-Rad Laboratories
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Thermo Fisher Scientific
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Randox Laboratories
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Merck KGaA
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 PerkinElmer
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Becton Dickinson and Company
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Sekisui Diagnostics
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Luminex Corporation
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Fujirebio
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 DiaSorin S.p.A
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Singulex Inc.
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Tosoh Corporation
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Mindray Bio-Medical Electronics Co. Ltd.
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Shenzhen YHLO Biotech Co. Ltd.
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments

List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Abbott Laboratories
  • Siemens Healthineers
  • Roche Diagnostics
  • Beckman Coulter
  • bioMérieux SA
  • Ortho Clinical Diagnostics
  • Bio-Rad Laboratories
  • Thermo Fisher Scientific
  • Randox Laboratories
  • Merck KGaA
  • PerkinElmer
  • Becton, Dickinson and Company
  • Sekisui Diagnostics
  • Luminex Corporation
  • Fujirebio
  • DiaSorin S.p.A
  • Singulex Inc.
  • Tosoh Corporation
  • Mindray Bio-Medical Electronics Co. Ltd.
  • Shenzhen YHLO Biotech Co. Ltd.
  • Others

FAQs

The major driver for the Troponin market is rising incidence of the cardiovascular disease and technological advancements in troponin testing.

The “Acute Coronary Syndrome” had the largest share in the global market for Troponin.

The “Troponin T” category dominated the market in 2023.

The key players in the market are Abbott Laboratories, Siemens Healthineers, Roche Diagnostics, Beckman Coulter, bioMérieux SA, Ortho Clinical Diagnostics, Bio-Rad Laboratories, Thermo Fisher Scientific, Randox Laboratories, Merck KGaA, PerkinElmer, Becton, Dickinson and Company , Sekisui Diagnostics, Luminex Corporation, Fujirebio, DiaSorin S.p.A, Singulex Inc., Tosoh Corporation, Mindray Bio-Medical Electronics Co. Ltd., Shenzhen YHLO Biotech Co. Ltd., Others.

“North America” had the largest share in the Troponin Market.

The global market is projected to grow at a CAGR of 12.6% during the forecast period, 2024-2033.

The Troponin Market size was valued at USD 1.6 Billion in 2024.

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