Latin America Cardiac Biomarkers Market Size & Outlook
Latin America cardiac biomarkers market, 2018-2030 (US$M)
Latin America cardiac biomarkers market highlights
- The Latin America cardiac biomarkers market generated a revenue of USD 1,464.3 million in 2023.
- The market is expected to grow at a CAGR of 14.8% from 2024 to 2030.
- In terms of segment, troponin was the largest revenue generating type in 2023.
- Troponin is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,464.3 million |
| Market revenue in 2030 | USD 3,856.2 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Troponin |
| Fastest growing segment | Troponin |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Troponin |
| Key market players worldwide | Abbott Laboratories, QuidelOrtho Corp, Siemens Healthineers AG ADR, Roche Holding AG ADR, Danaher Corp, BioMerieux SA, Bio-Rad Laboratories Inc, Randox, Creative Diagnostics, Life Diagnostics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.9% of the global cardiac biomarkers market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,104.8 million by 2030.
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Cardiac Biomarkers Market Scope
Cardiac Biomarkers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cardiac biomarkers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cardiac biomarkers market will help companies and investors design strategic landscapes.
Troponin was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America cardiac biomarkers market based on troponin covering the revenue growth of each sub-segment from 2018 to 2030.
According to the March 2007 edition of the American Heart Association journal, the occurrence of hypertension, obesity, and high blood cholesterol is observed to be frequent in the Latin American population. This is attributable to the rapid shift in the consumption of fat-rich food among individuals, a prominent feature seen in most developing economies.
Hence, the risk of heart diseases is high in this region. Publications from the World Heart Federation indicate the involvement of the Brazil government in the initiatives targeted toward the reduction of obesity in the population.
For example, Brazil emphasizes on the requirement to label food packages, informing about the nutritional value of the respective food items. Furthermore, the Brazilian government passed a mandate enforcing the expenditure of the schools’ food budget on vegetables and fruits with high nutritional value, rather than processed foods.
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Target buyers of Latin America cardiac biomarkers market databook
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Our clientele includes a mix of cardiac biomarkers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cardiac biomarkers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cardiac biomarkers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cardiac biomarkers market
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