Market Overview:
The global cardiac reader system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidence of cardiovascular diseases, rising demand for point-of-care diagnostics, and technological advancements in cardiac reader systems. Based on type, the global cardiac reader system market is segmented into troponin, creatine kinase (CK), and others. Troponin is expected to account for the largest share of the global cardiac reader system market in 2018 owing to its high sensitivity and specificity for detecting myocardial damage. Based on application, hospitals and clinics are expected to account for the largest share of the global cardiac reader system market in 2018 followed by laboratories.
Product Definition:
A Cardiac Reader System is a device used to read the information stored on a cardiac implantable electronic device (CIED). The system allows healthcare professionals to access data from the CIED, including patient history, implant date and time, and battery status. The system also allows for programming of the CIED.
Troponin:
Troponin is a protein that regulates the contraction of cardiac muscle cells. It is produced in the myocardium and released into the blood during heart attacks or ventricular fibrillation. The test uses a high performance liquid chromatography (HPLC) system to measure troponin in patients' blood, which helps detect heart attacks and strokes within minutes of their occurrence.
The global cardiac reader systems market was valued at USD 1,849 million in 2016.
Creatine Kinase:
creatine kinase is an enzyme that facilitates the phosphorylation of creatine to create a phosphate group, which can be used for energy in cardiac and skeletal muscle. It also helps in maintaining myocardial function by enhancing the ability of cells to consume nutrients.
It is commonly found in meat products such as beef and chicken; however, it can also be synthesized artificially.
Application Insights:
The hospitals and clinics segment dominated the global cardiac reader system market in 2017. This can be attributed to factors such as increasing prevalence of cardiovascular diseases, rising geriatric population, and awareness regarding early detection among other contributing factors. Moreover, a rise in the adoption of these devices due to their benefits such as accurate diagnosis at a lower cost is expected to drive growth over the forecast period.
The laboratories segment is anticipated to witness lucrative growth during the forecast period owing to an increase in demand for blood tests for various conditions including heart related disorders & cancer. In addition, growing investments by prominent players for research activities pertaining cardiac biomarkers will further boost industry growth over the coming years.
Other applications include imaging centers.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels. The U.S., which is at the forefront of this regional market, accounted for approximately 75% share in 2017 and is anticipated to continue its dominance over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to improving economic conditions and rising disposable income resulting in an increase in demand for medical devices such as ECGs & cardiac readers systems across various applications. Furthermore, government initiatives encouraging R&D activities pertaining to health care delivery are also contributing towards regional growth by generating new opportunities for players operating within it or seeking expansion through collaborations or acquisitions with international entities.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising demand for minimally invasive procedures
- Technological advancements in cardiac reader systems
- Increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardiac Reader System Market Research Report
By Type
Troponin, Creatine Kinase, Others
By Application
Hospitals and Clinics, Laboratories, Others
By Companies
Creative Diagnostics, Boditech Med, Mitsubishi Chemical, Quidel, Roche, Beckman Coulter, Siemens, Abbott
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Cardiac Reader System Market Report Segments:
The global Cardiac Reader System market is segmented on the basis of:
Types
Troponin, Creatine Kinase, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals and Clinics, Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Creative Diagnostics
- Boditech Med
- Mitsubishi Chemical
- Quidel
- Roche
- Beckman Coulter
- Siemens
- Abbott
Highlights of The Cardiac Reader System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Troponin
- Creatine Kinase
- Others
- By Application:
- Hospitals and Clinics
- Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiac Reader System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardiac Reader System is a medical device that uses electrocardiography (ECG) to measure the electrical activity of the heart.
Some of the major companies in the cardiac reader system market are Creative Diagnostics, Boditech Med, Mitsubishi Chemical, Quidel, Roche, Beckman Coulter, Siemens, Abbott.
The cardiac reader system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiac Reader System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardiac Reader System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardiac Reader System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardiac Reader System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardiac Reader System Market Size & Forecast, 2018-2028
4.5.1 Cardiac Reader System Market Size and Y-o-Y Growth
4.5.2 Cardiac Reader System Market Absolute $ Opportunity
Chapter 5 Global Cardiac Reader System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cardiac Reader System Market Size Forecast by Type
5.2.1 Troponin
5.2.2 Creatine Kinase
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cardiac Reader System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cardiac Reader System Market Size Forecast by Applications
6.2.1 Hospitals and Clinics
6.2.2 Laboratories
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiac Reader System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiac Reader System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cardiac Reader System Analysis and Forecast
9.1 Introduction
9.2 North America Cardiac Reader System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cardiac Reader System Market Size Forecast by Type
9.6.1 Troponin
9.6.2 Creatine Kinase
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cardiac Reader System Market Size Forecast by Applications
9.10.1 Hospitals and Clinics
9.10.2 Laboratories
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cardiac Reader System Analysis and Forecast
10.1 Introduction
10.2 Europe Cardiac Reader System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cardiac Reader System Market Size Forecast by Type
10.6.1 Troponin
10.6.2 Creatine Kinase
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cardiac Reader System Market Size Forecast by Applications
10.10.1 Hospitals and Clinics
10.10.2 Laboratories
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cardiac Reader System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cardiac Reader System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cardiac Reader System Market Size Forecast by Type
11.6.1 Troponin
11.6.2 Creatine Kinase
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cardiac Reader System Market Size Forecast by Applications
11.10.1 Hospitals and Clinics
11.10.2 Laboratories
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cardiac Reader System Analysis and Forecast
12.1 Introduction
12.2 Latin America Cardiac Reader System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cardiac Reader System Market Size Forecast by Type
12.6.1 Troponin
12.6.2 Creatine Kinase
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cardiac Reader System Market Size Forecast by Applications
12.10.1 Hospitals and Clinics
12.10.2 Laboratories
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cardiac Reader System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cardiac Reader System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cardiac Reader System Market Size Forecast by Type
13.6.1 Troponin
13.6.2 Creatine Kinase
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cardiac Reader System Market Size Forecast by Applications
13.10.1 Hospitals and Clinics
13.10.2 Laboratories
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiac Reader System Market: Competitive Dashboard
14.2 Global Cardiac Reader System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Creative Diagnostics
14.3.2 Boditech Med
14.3.3 Mitsubishi Chemical
14.3.4 Quidel
14.3.5 Roche
14.3.6 Beckman Coulter
14.3.7 Siemens
14.3.8 Abbott
