Press release
Major Market Shift in Cardiovascular Clinical Trials Industry: Cereno Scientific Partners With CRO For Phase I Study
Cardiovascular Clinical Trials Market Size
In the past few years, the cardiovascular clinical trials industry has seen considerable growth. The market, which was $5.34 billion in 2024, is projected to expand to $5.73 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.4%. This substantial growth during the historical period is due to several factors, including an upsurge in myocardial infarctions, regulatory shifts, a heightened disease burden, progress in the field of genomics, and an increased need for new drug development.
There is an anticipated robust expansion in the cardiovascular clinical trials market in the upcoming years. It is projected to surge to $7.53 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The expected growth during the forecasted period can be linked to factors such as an aging demographic, emerging markets, the rise of precision medicine, advanced digital health technologies, and an emphasis on patient-oriented trials. Important trends for the upcoming period are expected to be greater collaborations, advancements in technology, product innovation, introduction of new products, and the release of generic versions of combination drugs.
What Is Stimulating Growth in the Cardiovascular Clinical Trials Market?
The increase in cases of heart diseases is projected to boost the advancement of the cardiovascular clinical trials market. Cardiovascular disease pertains to a variety of conditions that affect the heart and blood vessels, which include coronary artery disease, heart failure, and stroke. The surge in cardiovascular diseases can be attributed to numerous factors such as inactive lifestyles, poor diets, smoking, obesity, hypertension, diabetes, and genetic factors. Cardiovascular clinical trials are crucial in identifying and confirming new medications that can more effectively control risks like high blood pressure, elevated cholesterol, and diabetes, which play a significant role in cardiovascular diseases. For example, in September 2024, it was reported by the Minnesota Department of Health, an American state health organization, that about 30% of adults in Minnesota, which is approximately 1.4 million people, had high blood pressure in 2023, and hypertensive diseases accounted for nearly 28% of all deaths in the state, totaling 14,225 residents in 2022. Thus, the rising prevalence of cardiovascular diseases is fueling the progression of the cardiovascular clinical trials market.
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Which Businesses Are at the Forefront of Cardiovascular Clinical Trials Market Development?
Major companies operating in the cardiovascular clinical trials market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., AstraZeneca PLC, Novartis AG, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Boehringer Ingelheim International GmbH, Merck & Co. Inc., Baxter International Inc., IQVIA Holdings Inc., SGS S.A., PPD Inc., WuXi AppTec Co. Ltd., Caidya, Syneos Health Inc., Charles River Laboratories International Inc., Sanofi, ICON plc, Medpace Holdings Inc., Cardiovascular Clinical Sciences., ProRelix Services LLP, Worldwide Clinical Trials
What Are the Latest Innovations in the Cardiovascular Clinical Trials Market?
Key players in the cardiovascular clinical trials market are strategically forming partnerships, like those with contract research organizations (CRO), to broaden their distribution networks and appeal to a more extensive customer base. CRO alliances are vital in the clinical research sector, involving cooperative efforts between various companies to deliver specialist services and backing for many elements of clinical trials and research. An example of this is when Cereno Scientific AB, a biopharmaceutical organization in Sweden, joined forces with Clinical Trial Consultants (CTC), a Swedish full-service CRO focusing on clinical proceedings, in September 2023. They collaborated to undertake a Phase I investigation for CS014, an inhibitor of histone deacetylase with an objective to prevent arterial and venous thrombosis. CTC is also contributing to Phase I preparation tasks such as study protocol formulation and the clinical trial's application process, which will take place in Sweden. This first test on humans in Phase I is set to start in the initial part of 2024. This cooperative endeavor marks a significant progression in cardiovascular health research.
How Is the Cardiovascular Clinical Trials Market Segmented?
The cardiovascular clinical trials market covered in this report is segmented -
1) By Phase: Phase I, Phase II, Phase III, Phase IV
2) By Study Design: Interventional, Observational, Expanded Access
3) By Indication: Acute Coronary Syndrome, Coronary Artery Disease, Ischemic Heart Disease, Pulmonary Arterial Hypertension, Stroke, Cardiac Arrhythmias, Heart Failure, Other Indications
Subsegments:
1) By Phase I: First-in-Human Trials, Dose Escalation Studies, Safety and Tolerability Studies, Pharmacokinetics And Pharmacodynamics Studies
2) By Phase II: Efficacy Studies, Optimal Dosage And Administration Route Studies, Early Safety And Efficacy Trials, Biomarker Development Trials
3) By Phase III: Large-Scale Efficacy Trials, Randomized Controlled Trials (RCTs), Long-Term Safety And Efficacy Studies, Multicenter Trials
4) By Phase IV: Post-Marketing Surveillance, Long-Term Safety Studies, Real-World Evidence (RWE) Studies, Comparative Effectiveness Research
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Where Is the Cardiovascular Clinical Trials Market Growth Most Prominent?
North America was the largest region in the cardiovascular clinical trials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular clinical trials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cardiovascular Clinical Trials Global Market Report?
- Market Size Analysis: Analyze the Cardiovascular Clinical Trials Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiovascular Clinical Trials Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cardiovascular Clinical Trials Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiovascular Clinical Trials Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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