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How has the cardiac safety services market grown over the years?

The market size for cardiac safety services has experienced a swift expansion in recent times. The growth will escalate from $1.06 billion in 2024 to $1.17 billion in 2025, projecting a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this growth during the historic period include the development of drugs and clinical trials, stringent regulatory compliance requirements, the rise in heart-related disorders, global expansion of clinical trials, and an emphasis on personalized medicine.

What Is the forecasted market size and growth rate for the cardiac safety services market?

Expectations are high for a notable surge in the cardiac safety services market size in the ensuing years. This market is predicted to expand to “$1.75 billion in 2029 with a compound annual growth rate (CAGR) of 10.7%. The projected growth during the forecast period is attributed to factors such as remote patient monitoring, the shift in preference towards decentralized clinical trials, the rise in the development of orphan drugs, the augmentation of clinical trials outsourcing, and the regulatory emphasis on patient-centric procedures. Market trends anticipated in the forecast period encompass wearable technology integration, advancements in ECG technologies, a decentralization of clinical trials, telehealth, remote consultations, and an enhanced focus on patient-centricity.

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What are the major factors driving growth in the cardiac safety services market?

The rise in cardiovascular diseases’ occurrence is predicted to spur the expansion of the cardiac safety services market. These diseases include various disorders impacting the heart and blood vessels, such as peripheral arterial disease, cerebrovascular disease, coronary heart disease, and more. Cardiac safety services focus on monitoring heart health and safety, identifying potential causes of cardiovascular disease before they fully manifest, enabling preventative measures and diminishing the risk of fatality. As an example, a journal from Oxford University Press revealed in March 2023 that over 200 million people suffered from peripheral artery diseases in 2020, with an anticipated increase of almost 50% by 2045. Moreover, the British Heart Foundation’s data in September 2024 stated that around 7.6 million people in the UK are living with heart and circulatory conditions, including almost 4 million men and 3.6 million women. These diseases account for nearly 27% of all UK deaths, leading to more than 170,000 deaths each year, which means roughly 480 daily deaths or one death every three minutes. Consequently, the escalating prevalence of cardiovascular diseases is propelling the cardiac safety services market’s growth.

What key areas define the segmentation of the global cardiac safety services Market?

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

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What are the top market players propelling the growth of the cardiac safety services industry?

Major companies operating in the cardiac safety services market include Laboratory Corporation of America Holdings, Banook Group Limited, Pharmaceutical Product Development LLC, Biotrial S.A., Certara Inc., Celerion Inc., Medpace Holdings Inc., Ncardia AG, Richmond Pharmacology Limited, PhysioStim, SGS Société Générale de Surveillance SA, Koninklijke Philips N.V., Clario, NEXEL Co. Ltd., Eurofins Scientific SE, InBody USA Inc., Spaulding Clinical Research LLC, OMRON Healthcare Inc., ERT Inc., IQVIA Holdings Inc., Bioclinica Inc., ICON plc, BioTelemetry Inc., Medidata Solutions Inc., SYNEXUS Clinical Research, PPD Inc., Parexel International Corporation, Chiltern International Limited, ACI Clinical Inc., Biomedical Systems, High Point Clinical Trials Center, Maastricht University Medical Centre+, CCBR-SYNARC, Cytel Inc., CardioSecur Ltd., Medicalgorithmics S.A., Advarra Inc.

What are the key trends shaping the future of the cardiac safety services market?

The introduction of innovative products is a rising trend in the cardiac safety services market. Major corporations in this sector are prioritizing the development of unique solutions to solidify their market standing. For example, CATHI, a tech-oriented company based in Germany that focuses on producing endovascular simulation technologies, unveiled the CATHIS RHC 2, a novel generation of Right Heart Catheter (RHC) simulators, in March 2022. This updated version includes all features of CATHI’s original RHC simulator, providing wire-assisted navigation and the ability to operate with actual liquids (S-HUB), enabling thermodilution to be carried out.

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What regions are dominating the cardiac safety services market growth?

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

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