Healthcare

According to a market report by Lucintel, the future of the cardiac safety service market looks promising with opportunities in pharmaceutical & biopharmaceutical companies and contract research organizations. The global cardiac safety service market is expected to reach an estimated $1.1 billion by 2028 with a CAGR of 11.1% from 2023 to 2028. The major drivers for this market are increasing number of clinical trials along with growing incidence of cardiovascular diseases and rising awareness of cardiac problems and heart related diseases among people.



In this market, integrated services and standalone services are the major type segments. Lucintel forecasts that integrated services are expected to remain the larger segment over the forecast period as they provide a comprehensive solution for cardiac safety monitoring and also help in enhancing and expediting clinical trails in the pharmaceutical development cycle.



Within this market, contract research organizations are expected to witness the highest growth over the forecast period as they provide a wide range of services related to clinical trials, including study design, site management, patient requirement, and data management. Also, they offer cardiac safety services more efficiently with lower cost.



North America is expected to witness the highest growth over the forecast period due to growing geriatric patients, increasing prevalence of cardiovascular diseases, and rising investments in research and development.   

Laboratory Corporation of America, Koninklijke Philips, Clario, Banook Group, and IQVIA are the major suppliers in the global cardiac safety service market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cardiac safety service market by type, type of service, end use, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Cardiac Safety Service Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cardiac safety service market by type, type of service, end use and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global cardiac safety service market by type (integrated services and standalone services), type of service (ECG/holter measurement, blood pressure measurement, cardiovascular imaging, thorough QT studies, and other services), end use (pharmaceutical & biopharmaceutical companies and contract research organizations), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or type substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?