Cardiac Safety Services Market Size with Growth Opportunities, Top Countries Data, Future Trends and Share with Revenue Forecast 2022-2031

Kenneth Research has recently added a report titled Cardiac Safety Services Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cardiac Safety Services Market products.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Cardiac Safety Services Market is valued approximately USD 442 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 11.20% over the forecast period 2020-2027. Cardiac safety services offerings can be described as services that address assisting and designing medical trials and different research required for the monitoring of cardiac protection. The cardiac safety services include non-invasive cardiac imaging, ambulatory blood pressure monitoring, physiologic stress testing, platelet aggregation and other services, along with the QT studies. The essential offering of cardiac safety services in treatment of cardiovascular diseases along with global rise in cases of cardiovascular diseases is the factor propelling the growth of market over the forecast years. For instance: As per World Health Organization 2017, Cardiovascular diseases is the leading cause of death across the world, accounting for 17.9 million deaths per year in 2017 and expected to grow over 23.6 million by 2030. In addition, growing R&D expenditure in the pharmaceutical & biopharmaceutical industry is the factor propelling the growth of market over the forecast years. However, high cost associated with cardiac safety evaluation is the factor hampering the market growth.

The regional analysis of global Cardiac Safety Services Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in R&D expenditure in the pharmaceutical & Biopharmaceutical industry. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing cases of cardiovascular diseases would create lucrative growth prospects for the Cardiac Safety Services Market across Asia-Pacific region.

Major market player included in this report are:
BioTelemetry, Inc.
Banook Group
Certara, L.P.
Celerion, Inc.
Richmond Pharmacology

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and Type offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Integrated Services
Standalone Services

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By Services:
ECG/Holter Measurement Services
Blood Pressure Measurement Services
Cardiovascular Imaging Services
Thorough QT Studies
Other Services

By End user:
Pharmaceutical & Biopharmaceutical Companies
Contract Research Organizations

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Cardiac Safety Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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