Cardiovascular Diagnostic Testing Market Scope and overview, To Develop with Increased Global Emphasis On Industrialization 2030 – Taiwan News

The global cardiovascular diagnostic testing market revenue was US$ 6,876.27 million in 2020. The global cardiovascular diagnostic testing market revenue is forecast to reach US$ 15,430.44 million by 2030, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2021-2030.

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The term cardiovascular diseases (CVDs) refers to a group of conditions related to the heart and blood vessels, including coronary heart disease, cerebrovascular disease, and rheumatic heart disease. Approximately four out of five CVD deaths occur from heart attacks and strokes, and one-third of these deaths happen prematurely in people under age 70. Millions of people worldwide die every year from acute cardiovascular events, making it one of the leading causes of morbidity and mortality in humans.

Factors Influencing Market Growth

Impact Analysis of COVID-19

COVID-19 pandemic had positively impacted the global cardiovascular diagnostic testing market. A rising prevalence of conditions like diabetes, heart disease, and others makes patients more vulnerable to COVID-19. Moreover, patients with pre-existing heart disease who suffer from COVID-19 are more likely to suffer a heart attack or develop congestive heart failure. The National Health Commission reports that 35% of COVID-19 patients suffer from hypertension and 17% from heart disease. A reliable diagnostic test and the swift development of innovative assays have become more important in the wake of the COVID-19 outbreak. Furthermore, Coronavirus infection damages the inner walls of veins and arteries, which can cause inflammation, leakage, and blood clots, which can compromise blood flow to the heart or other parts of the body. Due to this, timely diagnosis becomes vital if one has a pre-existing heart condition.

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Regional Insights

Region-wise, North America held dominance in the global market and is forecast to maintain its position during the forecast period. This is primarily due to a rise in coronary disease incidences. This region is commonly associated with high blood pressure, high- and low-density lipoprotein cholesterol, and smoking, which can all contribute to a rise in heart diseases.

Leading Competitors

The leading prominent companies profiled in the global cardiovascular diagnostic testing market are:

Scope of the Report

The global cardiovascular diagnostic testing market segmentation focuses on Type, End-User, and Region.

Segmentation based on Type

Segmentation based on End-User

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Segmentation based on Region

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future. The report offers the current state of the market and future prospects for various geographical regions. This report provides both qualitative and quantitative information about the competitive landscape of the market.

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Cardiovascular Diagnostic Testing Market Scope and overview, To Develop with Increased Global Emphasis On Industrialization 2030 - Taiwan News