Cardiomyopathy is a group of diseases related with the heart muscle i.e. myocardium that has a wide range of symptoms like peripheral edema, the heartbeat that feels rapid, pounding or fluttering, dyspnea, fatigue among others. This disease sometimes leads to heart failure. It is a hereditary disease so genetic testing is used to diagnose this disease. Some treatment/diagnostics is preferred to this type of diseases that can control symptoms, diminish complications and prevent the disease from being worse. Cardiomyopathy can be controlled by the Cardiomyopathy Diagnostics may include medications, surgery, implanted devices to correct arrhythmias and other nonsurgical procedures. Sometimes, Cardiomyopathy can increase the risk for sudden cardiac arrest (SCA); so an implantable cardioverter defibrillator (ICD) can be used to reduce this risk.
According to the Centers for diseases control and prevention, every year around 610,000 people die of heart disease in the United States of America – that’s 1 in every 4 deaths. However, Heart disease is the leading cause of death for both men and women. More than half of the deaths are because of cardiac disease in 2009 were in men. Lack of good lifestyle that causes various cardiac diseases & increasing prevalence of congenital heart diseases is a major driver due to which Cardiomyopathy diagnostics are in high demand from recent years. Many manufacturers are focusing on the research and development of qualitative Cardiomyopathy diagnostics procedures. High demand of the innovative diagnostics procedures drives the Cardiomyopathy Diagnostics market of Cardiomyopathy diagnostics over the forecast period.
On the basis of Diagnostic tests:
On the basis of end users:
The global Cardiomyopathy Diagnostics market is expected to grow with a moderately increasing CAGR due to the increasing adoption and demand for Cardiomyopathy Diagnostics procedures. Based on the Diagnostic tests, it is observed that Genetic testing is done at most of the cases. It is analyzed that, On the basis of end users in Cardiomyopathy Diagnostics market, hospital segment will hold the maximum market revenue share in the global Cardiomyopathy Diagnostics market over the forecast period. One of the most common uses of Cardiomyopathy Diagnostics is to control the other associated diseases such as Fabry disease, Danon disease, Noonan syndrome, Alagille syndrome and Holt-Oram syndrome, mitochondrial myopathy among others.
On the basis of geography, the global Cardiomyopathy Diagnostics market is segmented into six key regions viz. North America, Latin America, Europe, the Asia Pacific excluding China, China, and the Middle East & Africa. The North America Cardiomyopathy Diagnostics market is expected to contribute maximum market share in the global Cardiomyopathy Diagnostics market which is followed by Europe Cardiomyopathy Diagnostics market. The Asia Pacific Cardiomyopathy Diagnostics market is expected to grow with a maximum CAGR over the forecast period due to less awareness among the people while the Latin America Cardiomyopathy Diagnostics market and the Middle East and Africa Cardiomyopathy Diagnostics market is expected to show steady growth rate over the forecast period. This is majorly due to the absence of expert physicians. It is estimated that the Middle East and Africa market is to be dominated by the countries namely Saudi Arabia, South Africa, & Egypt. The incidence cases reported in the region is majorly responsible for hampering the growth of Cardiomyopathy Diagnostics market.
Some of the key players present in the global Cardiomyopathy Diagnostics market are GeneDx, Invitae Corporation, CENTOGENE AG, Blueprint Genetics Oy, Ambry Genetics, Illumina, Inc. Asper Biogene, Haymarket Media Inc, Cohesion Phenomics, Aetna Inc. among others. These are the list of most of the manufacturers who are providing genetic testing for cardiomyopathy diseases. It is observed that the leading market players are majorly focusing on increasing their market presence by adopting various strategic activities like collaborations, mergers, acquisitions, agreements, and others. Also, the local and small players are focusing on product expansion in order to increase their market share in the global Cardiomyopathy Diagnostics market.
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Regional analysis includes