Uploaded on Nov 25, 2022
The cardiac safety services market is projected to reach USD 1.0 billion by 2027 from USD 0.6 billion in 2022, at a CAGR of 11.2% during the forecast period.
Cardiac Safety Services Market
Cardiac Safety Services
Market
Global Forecast to 2027
Cardiac Safety Services Market
is expected to reach
$ 1.0 Billion by 2027
Growing at a
CAGR of 11.2% (2022 – 2027)
The cardiac safety services market is projected to reach USD 1.0
billion by 2027 from USD 0.6 billion in 2022, at a CAGR of 11.2%
during the forecast period.
The standalone segment accounted for the second largest share of the
type segment in the cardiac safety services market in 2021.
Standalone services are single or specific cardiac safety services offered by
cardiac safety service providers. Some end users choose specific services
to be performed at different phases of clinical trials per their needs. During
preclinical and clinical trials and drug discovery, standalone services are
mainly used by CROs and pharmaceutical and biopharmaceutical
companies. These services are preferred due to their cost-efficiency.
The pharmaceutical & biopharmaceutical accounted for the largest
share of the end user segment in the cardiac safety services market
in 2021.
Pharmaceutical & biopharmaceutical companies primarily use cardiac
safety services to manage clinical trials for newly developed drugs.
Companies are engaged in the development of novel drugs for the
treatment of various diseases. Cardiac safety issues are among the most
common reasons promising drugs can be halted during development. As
a result, there is a high demand for cardiac safety services among
pharmaceutical and biopharmaceutical companies.
Key Market Player
lario (US), Banook Group (France), IQVIA (US), Biotrial (France),
Certara (US), Celerion (US), Medpace (US)
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