Number of pages: 100-120 | Report Format: PDF | Published date: 28 January, 2020
Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021 to 2031
Cardiac safety services help in designing and supporting the clinical trials or other studies that require monitoring of cardiac safety. The cardiac safety services focus on monitoring of entire cardiac safety profile from Phase I to IV for the given study compound in compliance with ICH, EMA, FDA, PMDA, and other regulatory authorities and industry guidelines. Cardiac safety services include ECG/Holter measurement, cardiovascular imaging, blood pressure measurement, thorough QT studies and other services.
The global cardiac safety services market is mainly driven by increasing number of clinical trials, and growing R&D activities in pharmaceuticals and biopharmaceutical companies. Technological advancements in healthcare industry and growing developments in the biosimilars & biologics are also playing a pivotal role in contributing to the market growth globally. However, high cost of cardiac safety evaluation is likely to restrain the market growth to a certain extent.
The global cardiac safety services market has been analyzed from four perspectives: Type, Services, End User, and Region.
Cardiac Safety Services Market by Type
Based on type, the market has been segmented into standalone and integrated. The integrated segment is expected to hold highest share during the forecast period owing to its advantages of bundled services to oversee end-to-end developments as compared to the specificity of standalone services.
Cardiac Safety Services Market by Services
Based on services, the market has been segmented into cardiac imaging, ECG/holter measurement, blood pressure measurement, thorough QT study and other services. ECG/holter measurement services segment is expected to hold highest share during the forecast period. The growth of the segment in the global market can be largely attributed to its low cost and their wide usage in measuring cardiac activity.
Cardiac Safety Services Market by End User
Based on end user, the cardiac safety services market has been segmented into pharmaceutical companies, contract research organizations (CROs) and others. Contract Research Organizations (CROs) segment is expected to be the fastest-growing market for cardiac safety services and is anticipated to contribute significantly to the global market share during the forecast period. The growth of the segment can mainly be attributed to the increasing number of clinical trials and increased outsourcing of R&D activities.
Cardiac Safety Services Market by Region
Based on region, the global cardiac safety services market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the cardiac safety services market, followed by Europe. The large share of North America in the global market can be attributed to presence of major pharmaceutical & biopharmaceutical companies, increase in investments in R&D activities, and rise in the prevalence of cardiovascular diseases in the region.
Some of the prominent players operating in the cardiac safety services market includes:-