Global HERG Screening Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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What is the Expected Growth Rate of the HERG Screening Market from 2024 to 2033?
The HERG screening market is projected to increase from $1.42 billion in 2023 to $1.62 billion in 2024, with a CAGR of 14.2%. Growth factors include rising drug development activities, regulatory needs, cardiac safety awareness, and increasing cardiac disorder incidence.
The HERG screening market is expected to see significant growth, reaching $2.60 billion by 2028 at a CAGR of 12.5%. Growth factors include the expansion of personalized medicine and outsourcing of drug development. Key trends involve advancements in in vitro models and collaborations for data sharing.
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What Key Factors Are Fueling the Growth of the HERG Screening Market?
The rising prevalence of heart disorders is expected to enhance the HERG screening market. Heart disorders can lead to severe health issues and are often linked to lifestyle factors and genetic predispositions. HERG screening is crucial for identifying drug candidates and preventing cardiac events. The CDC reported that in 2021, 1 in 20 adults in the U.S. had cardiovascular diseases, with increasing mortality rates. Therefore, the rise in heart disorders is driving the HERG screening market.
What Are the Major Segments of the HERG Screening Market?
1) By Type: Analog-To-Digital Converter; Digital-To-Analog Converter
2) By Frequency Band: 125 MSPS To 1 GSPS; < 125 MSPS; >1 GSPS
3) By Application: Consumer Electronics; Automotive; Industrial; Other Applications
What New Trends Are Transforming the HERG Screening Market?
Major companies in the HERG screening market are advancing solutions like GLP-certified HERG screening services for drug development. In August 2023, Metrion Biosciences launched a service that adheres to regulatory guidelines, enhancing cardiac safety assessments before Phase 1 clinical trials.
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Which Regions Are Driving Growth in the HERG Screening Market?
North America was the largest region in the HERG screening market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the HERG screening market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The HERG Screening Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the herg screening market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The HERG Screening Market Include
1. HERG Screening Market Executive Summary
2. HERG Screening Market Segments
3. HERG Screening Market Size And Template Market Growth Rate
4. Key HERG Screening Market Trends
5. Major HERG Screening Market Drivers
……
25. Key Mergers And Acquisitions In The HERG Screening Market
26. Top HERG Screening Companies
27. HERG Screening Market Opportunities And Strategies
28. HERG Screening Market, Conclusions And Recommendations
29. Appendix
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