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What Is the Growth Rate of the Cardiac Safety Services Market?

The market for cardiac safety services has been expanding swiftly in the past few years. The market size is expected to increase from $1.06 billion in 2024 to $1.17 billion in 2025, with a compound annual growth rate (CAGR) of 10.1%. The historical growth of this market can be linked to drug development and clinical trials, regulatory compliance obligations, a rise in cardiovascular diseases, internationalization of clinical trials, and emphasis on personalized medicine.

What Growth Rate Is Forecasted for the Cardiac Safety Services Market by 2029?

The market for cardiac safety services is projected to undergo a rapid expansion over the next few years. It is predicted to reach a value of $1.75 billion in 2029, with a compound annual growth rate (CAGR) of 10.7%. This surge in growth during the forecast period can be traced back to factors such as remote patient monitoring, a transition towards decentralized clinical trials, increased development of orphan drugs, a rise in the outsourcing of clinical trials, and a regulatory focus on patient-centric methods. The forecast period is also expected to witness prominent trends like integration of wearable technologies, advancements in ECG technologies, an increase in decentralized clinical trials, standardized and interoperable data, telehealth and remote consultation services, plus an emphasis on patient-centric strategies.

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Which Key Companies 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, 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.

Which Factors Are Driving Demand in the Cardiac Safety Services Industry?

The cardiac safety services market’s growth is anticipated to be propelled by the increasing prevalence of cardiovascular diseases. These diseases, which encompass disorders affecting the heart and blood vessels, such as peripheral arterial disease, cerebrovascular disease, coronary heart disease, among others, have become more common. Services aimed at maintaining heart health and safety, identifying causes of cardiovascular diseases prior to their onset, help promote preventative measures and reduce the mortality risk. For example, a journal from Oxford University Press reported in March 2023 that over 200 million people were living with peripheral artery diseases in 2020, a figure projected to surge by almost 50% by 2045. In addition, data released by the British Heart Foundation in September 2024 revealed that in the UK, approximately 7.6 million people, including around 4 million men and 3.6 million women, are tackling heart and circulation related diseases. These diseases account for about 27% of all UK deaths, equating to over 170,000 deaths a year, or roughly 480 deaths a day, translating to one death every three minutes. Consequently, the rising prevalence of cardiovascular diseases is fuelling the expansion of the cardiac safety services market.

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How Is the Cardiac Safety Services Market Segmented by Several Divisions?

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 are the Emerging Market Trends Driving the Growth of the Cardiac Safety Services Industry?

In the cardiac safety services market, there is an increasing trend of product innovations. The main businesses operating in this market are aiming to create new solutions to solidify their market standing. For example, CATHI, a tech-powered company in Germany with specialty in the production of endovascular simulation technologies, introduced their latest product – CATHIS RHC 2 in March 2022. This new Right Heart Catheter (RHC) simulator is a renewed version and includes all the properties of its predecessor, additionally, wire-supported navigation and capabilities to operate with actual liquids (S-HUB) enable thermos-dilution to be conducted.

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Which Regions Are Driving Growth in the Cardiac Safety Services Market?

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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This Report Delivers Insight On:

1. How big is the cardiac safety services market, and how is it changing globally?

2. Who are the major companies in the cardiac safety services market, and how are they performing?

3. What are the key opportunities and risks in the cardiac safety services market right now?

4. Which products or customer segments are growing the most in the cardiac safety services market?

5. What factors are helping or slowing down the growth of the cardiac safety services market?

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