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How Rapidly is the Cardiac Safety Services Market Expected to Expand Between 2025 and 2034 Based on Current Trends?

The market for cardiac safety services has experienced swift expansion in past years. It’s expected to rise from $1.06 billion in 2024 to $1.17 billion in 2025, marking a compound annual growth rate (CAGR) of 10.1%. The historic growth is credited to factors such as drug development and clinical trials, regulatory compliance requirements, the rise in cardiovascular disorders, the globalization of clinical trials, and an emphasis on personalized medicine.

It’s anticipated that the market size of cardiac safety services will experience a rapid expansion in the coming years. The market is projected to reach “$1.75 billion in 2029 with a compound annual growth rate (CAGR) of 10.7%. This growth during the forecast period can be credited to factors such as the adoption of remote patient monitoring, the transition to decentralized clinical trials, the increase in orphan drug development, as well as the expansion of outsourced clinical trials, and an emphasis on patient-centric approaches by regulatory bodies. Key trends expected to emerge during the forecast period include the incorporation of wearable technologies, advancements in ECG technologies, decentralized clinical trials, standardization and interoperability of data, telehealth and remote consultations, plus a shift towards patient-centric strategies.

What External and Internal Drivers Are Contributing to the Growth of the cardiac safety services Market’s Growth?

The cardiac safety services market is predicted to expand with the rising occurrence of cardiovascular illnesses. These medical conditions, which target the heart and blood vessels and include peripheral arterial disease, cerebrovascular disease, coronary heart disease, among others, are being more frequently detected. Cardiac safety services, which focus on monitoring heart health and identifying potential risk factors for heart disease before it develops, can be crucial in developing preventative tactics as well as reducing death rates. For instance, a journal from Oxford University Press published in March 2023 revealed that more than 200 million individuals were suffering from peripheral artery diseases in 2020 and that this number was anticipated to surge by nearly 50% by 2045. In September 2024, data from the British Heart Foundation, a UK-based charity focusing on cardiovascular research, highlighted that about 7.6 million people in the UK are living with heart and circulatory diseases, including approximately 4 million men and 3.6 million women. These diseases account for roughly 27% of all deaths in the UK, leading to more than 170,000 deaths each year or about 480 deaths daily, meaning one person dies every three minutes. Such an increase in cardiovascular diseases thus fuels the growth of the cardiac safety services market.

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Which Key Players Are Shaping the Future of the Cardiac Safety Services Market?

Major companies operating in the cardiac safety services market include:

• Laboratory Corporation of America Holdings_x000D_

• Banook Group Limited_x000D_

• Pharmaceutical Product Development LLC_x000D_

• Biotrial S.A._x000D_

• Certara Inc._x000D_

How Are the Latest Trends Influencing the Growth of the Cardiac Safety Services Market?

Innovations in products are a central trend gathering steam in the cardiac safety services sector. Leading firms in this market are highlighting new solutions to consolidate their stand in the industry. To illustrate, in March 2022, CATHI, a tech-forward company based in Germany known for creating endovascular simulation technologies, unveiled the CATHIS RHC 2, an advanced generation of Right Heart Catheter (RHC) simulators. The CATHIS RHC 2 is an enhanced version that carries over all the characteristics of the original RHC simulator by CATHI, while introducing wire-assisted navigation and the ability to interact with real liquids (S-HUB) as the extra advantages that enable thermodilution to be executed.

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How Are Market Segments in the Cardiac Safety Services Industry Positioned for Long-Term Growth?

The cardiac safety services market covered in this report is segmented –

1) By Services: ECG Or Holter Measurements, Blood Pressure Measurements, In Vitro Cardiac Safety Assessment Services, Cardiovascular Imaging, Real-Time Telemetry Monitoring, Central Over-Read Of ECGS, Non-Invasive Cardiac Imaging, Physiologic Stress Testing, Thorough QT Studies, Other services

2) By Phase: Phase 1, Phase 2, Phase 3

3) By End User: Pharmaceutical And Biopharmaceutical Companies, Contract Research Organizations, Academic and Research Institute

Subsegments:

1) By ECG Or Holter Measurements: Standard ECG Monitoring, 24-Hour Holter Monitoring, Event Monitoring

2) By Blood Pressure Measurements: Continuous Blood Pressure Monitoring, Ambulatory Blood Pressure Monitoring, In-Hospital Blood Pressure Measurements

3) By In Vitro Cardiac Safety Assessment Services: Cardiomyocyte Toxicity Testing, Cardiac Ion Channel Testing, Mechanistic Studies

4) By Cardiovascular Imaging: Echocardiography, MRI Imaging, CT Angiography

5) By Real-Time Telemetry Monitoring: Remote Patient Monitoring, Continuous Telemetry Services

6) By Central Over-Read Of ECGs: ECG Interpretation Services, Quality Control And Reporting

7) By Non-Invasive Cardiac Imaging: Stress Testing, Nuclear Cardiology

8) By Physiologic Stress Testing: Exercise Stress Testing, Pharmacologic Stress Testing

9) By Thorough QT Studies: Clinical Trial Services, Safety Assessments For Drug Development

10) By Other Services: Cardiac Device Monitoring, Clinical Consultation Services

What Regions Are At the Forefront of Cardiac Safety Services Market Expansion?

North America was the largest region in the cardiac safety services market in 2024. The regions covered in the cardiac safety services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Can We Define the Cardiac Safety Services Market and Its Key Components?

Cardiac safety services refer to offering services related to monitoring heart safety by giving the required support and help in designing clinical trials and other research. Cardiac safety services typically help with planning clinical trials and other investigations necessary to maintain cardiac safety.

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