Acute coronary syndrome is a clinical disease in which blood flow through the coronary arteries is reduced as a result of faulty heart muscle function or any damage to the heart muscles. Chest pain, pain or discomfort in one or both arms, shortness of breath, nausea, perspiration, and other symptoms may occur. To diagnose ACS, blood tests or an ECG can be used. ACS is treated with medications and angioplasty. The market is being driven by two key factors: an increase in the geriatric population and an increase in the frequency of heart illnesses. However, the market is projected to be constrained by government restrictions governing drug approval. Lack of knowledge, high therapeutic surgical costs, and poor per capita healthcare spending in medium and low-income countries, on the other hand, are expected to limit Acute Coronary Syndrome market growth over the projection period.
Acute Coronary Syndrome Market Segmentation
The acute coronary syndrome market is segmented on the basis of type, diagnosis, treatment, and end-user.
On the basis of type, the market is segmented into unstable angina, ST-Elevation Myocardial Infarction (STEMI), Non-ST-Elevation Myocardial Infarction (NSTEMI), and others.
On the basis of diagnosis, the market is categorized into blood tests, imaging, stress test, and others. The imaging segment is sub-segmented into Myocardial Perfusion Imaging (MPI), Computerized Tomography (CT) angiogram, echocardiogram, coronary angiogram, and others.
On the basis of treatment, the market is segmented into medication, surgery, and others. The medication segment is sub-segmented into thrombolytics, nitroglycerin, antiplatelet drugs, beta blockers, statins, surgery, and others. The antiplatelet drugs segment is further segmented into aspirin, clopidogrel, prasugrel, and others. The beta blockers segment is further segmented into metoprolol, nadolol, and others. The statins segment is further segmented into atorvastatin, simvastatin, and others. The surgery segment is sub-segmented into angioplasty and stenting, coronary bypass surgery, and others.
On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic centers, academic institutes, and others.
Acute Coronary Syndrome Market Regional Analysis
The Americas dominates the acute coronary syndrome market owing to the rising prevalence of coronary heart diseases and presence of a well-developed healthcare sector within the region. Moreover, increasing healthcare expenditure and presence of market players within the region boost the market.
Europe stands second in the acute coronary syndrome market due to the increasing availability of funds for research, a huge patient population, and a well-developed healthcare sector. According to the Heart U.K., there were approximately 404,000 hospital admissions due to coronary heart diseases in England during 2012 to 2013. Moreover, growing geriatric and obese population provides favorable backgrounds for market growth within the region.
Asia Pacific is the fastest growing region for the market due to the presence of developing economies such as India, China, Australia, and others within the region. Moreover, a huge patient population, rising healthcare expenditure, and a rapidly developing healthcare sector fuel the market growth.
The Middle East and Africa has the least share in the acute coronary syndrome market. This can be attributed to the low per capita healthcare expenditure and stringent government policies, especially within the African region. On the hand, the Middle East holds a majority of the market due to a well-developed healthcare sector and huge healthcare expenditure.
Acute Coronary Syndrome Market Key Players
The key players for the acute coronary syndrome market are: