Impact of Covid-19 on Cardiac Safety Services Market 2020 Enormous Growth with Recent Trends & Demand By Top Vendors : Biotrial, Banook Group, Bioclinica, Bioclinica

According to the current analysis of Reports and Data, the global Cardiac Safety Services Market valued at USD 384.9 million in 2018 and is expected to reach USD 895.7 million by the year 2026, at a CAGR of 11%. Cardiac safety is the primary cause of the Clinical trial delay and drug abandonment. Cardiac Safety services are beneficial for monitoring the abnormalities of the heart. There has been a significant rise in the R&D expenditure in the pharmaceutical & biopharmaceutical industry and increased R&D activities. The increase in the number of clinical trials is fuelling the growth of the market. Additionally, the advances of the new technologies in the cardiac services market are offering growth opportunities for players in the market. However, the high expenditure cost of cardiac safety evaluation is hindering the growth of the market.

American college of cardiology has reported in the year 2019 that Cardiovascular disease (CVD) is the primary cause of death in the United States and is responsible for 840,768 deaths in 2016. From 2006 - 2016, the U.S. death rate from cardiovascular disorders have decreased by 18.6% and from coronary heart disease by 31.8%.

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This report covers the recent COVID-19 incidence and its impact on Cardiac Safety Services. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

Companies considered and profiled in this market study

Biotrial (France), Banook Group (France & Canada), Bioclinica (a subsidiary of Cinven, US), Certara L.P. (U.S.), Celerion, Inc. (U.S.), ERT, Inc. (U.S.), Laboratory Corporation of America Holdings (U.S.), Medpace Holdings, Inc. (U.S.), Ncardia AG (Belgium), Richmond Pharmacology (U.K.), PhysioStim (France), Shanghai Medicilon Inc. (China), Pharmaceutical Product Development LLC (U.S.), SGS S.A. (Switzerland), BioTelemetry, Inc. (U.S.), IQVIA (U.S.), OMRON Healthcare, Inc (Japan), Biobeat (U.S.) and InBody USA (U.S.), Microsoft (U.S.)

Scope of the study:

An extensive study of the product application and services conducted by subject matter experts assessing the Cardiac Safety Services market will help product owners to make a wise decision. From analyzing which products companies should produce, expand to how brands should position their product the study covers all that business owners require meeting the buyers’ requirement. Performance of the product and services across different segments and geography are thoroughly assessed during the research. Apart from this, the research brings to light real-time data about opportunities that will completely transform the trajectory of the business environment in the coming years.

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For the purpose of this purpose, Reports and Data have segmented the Cardiac Safety Services market on the basis of product and service, applications, end use and region.

Product and Services Outlook (Revenue in Million USD; 2017–2026)

ECG/Holter Measurement
Blood Pressure Measurement
Cardiovascular Imaging
Thorough Q.T. Studies
Other Services

Applications Outlook (Revenue in Million USD; 2017–2026)

Integrated Services
Standalone Services

End Use Outlook (Revenue in Million USD; 2017–2026)

Pharmaceutical Companies
Biopharmaceutical Companies
Contract Research Organizations

Regional Outlook (Revenue in USD Million; 2016–2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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Further key findings from the report suggest

-Microsoft had launched Microsoft Hololens; it enables the measurement and visualization of blood flow. Microsoft Hololens do not require any tethering device or any additional hardware. The system includes a front-facing camera, remote imaging photoplethysmography software; it allows the users to view the physiological state of a person by simply looking at them. The blood Flow is measured by just looking at the appearance of the subject.

-Acoalition of professional societies had developed  the AUC (Appropriate use criteria) for cardiac imaging to standardize the cardiac imagining system for patients with congenital heart disease it was developed by the American College of Cardiology (ACC), American Heart Association (AHA), American Society of Echocardiography, and the International Society for Adult Congenital Heart Disease, AUC provides guidelines to  the clinicians to understand the relative risks and benefits of various cardiovascular procedures it also guidelines to understand  the risk tetralogy of Fallot, transposition, or atrial septal defects
ERT in the year 2018 had launched a Cardiac Safety Center and is also the first to do it; they offer cardia safety assessment in Phase 1 studies using integrated ECG analysis. They had used the Icardiac Technologies for obtaining a precise ECG data using an ERT Expert technology platform.

-ECG or Holter monitors in the product and service segment have obtained the largest share in the year 2018 of about 31.5% due to an increase in the rise of cardiac disorders in individuals and easy monitoring by these devices.

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-Market segments segregated on the basis of type, application, and geography.

-Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales.

-Investigation of significant developments in the market dynamics.

-Niche market segments and regions.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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