PUBLISHER: The Business Research Company | PRODUCT CODE: 1509601
PUBLISHER: The Business Research Company | PRODUCT CODE: 1509601
Cardiovascular clinical trials are investigations aimed at discovering new methods to prevent, diagnose, treat, and manage cardiovascular illnesses (CVDs) such as coronary artery disease, heart failure, arrhythmias, and hypertension. These studies play a crucial role in advancing medical knowledge and enhancing patient care in the field of cardiology. Clinical trials in this domain typically focus on testing new medications, procedures, or devices related to heart health and stroke outcomes.
The main phases of cardiovascular clinical trials include phase I, phase II, phase III, and phase IV. Phase I clinical trials represent the initial stage of testing a new treatment on a small group of people to evaluate its safety and dosage. These trials may encompass various study designs such as interventional, observational, and expanded access, with indications spanning acute coronary syndrome, coronary artery disease, ischemic heart disease, pulmonary arterial hypertension, stroke, cardiac arrhythmias, heart failure, and others.
The cardiovascular clinical trials market research report is one of a series of new reports from The Business Research Company that provides cardiovascular clinical trials market statistics, including the cardiovascular clinical trials industry global market size, regional shares, competitors with cardiovascular clinical trials market share, detailed cardiovascular clinical trials market segments, market trends, and opportunities, and any further data you may need to thrive in the cardiovascular clinical trials industry. These cardiovascular clinical trials market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cardiovascular clinical trials market size has grown strongly in recent years. It will grow from $4.99 billion in 2023 to $5.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed during the historic period can be attributed to several factors, including increased incidences of myocardial infarction, changes in the regulatory environment, heightened disease burden, advancements in genomics, and increased demand for new drug development.
The cardiovascular clinical trials market size is expected to see strong growth in the next few years. It will grow to $7.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to several factors, including an aging population, emerging markets, the adoption of precision medicine, the integration of digital health technologies, and a focus on patient-centric trials. Major trends expected in the forecast period include increased collaborations among stakeholders, technological advancements, product innovations, the development of new products, and the introduction of generic versions of combination drugs.
The increasing prevalence of cardiovascular diseases is poised to propel the expansion of the cardiovascular clinical trials market in the foreseeable future. Cardiovascular diseases encompass a range of conditions affecting the heart and blood vessels, such as coronary artery disease, heart failure, and stroke. Various factors contribute to the heightened incidence of cardiovascular diseases, including sedentary lifestyles, poor dietary habits, smoking, obesity, hypertension, diabetes, and genetic predispositions. Clinical trials focusing on cardiovascular health play a crucial role in identifying and validating novel medications aimed at effectively managing risk factors such as hypertension, hypercholesterolemia, and diabetes, which are significant contributors to cardiovascular diseases. For instance, as reported by the Centers for Disease Control and Prevention in May 2023, the prevalence of coronary heart disease in adults aged 18 and over increased from 4.6% in 2020 to 4.9% in 2021. Consequently, the rising occurrence of cardiovascular diseases is fueling the growth of the cardiovascular clinical trials market.
Leading companies operating in the cardiovascular clinical trials arena are concentrating on forging strategic alliances, such as partnerships with contract research organizations (CROs), to broaden their reach and serve a wider clientele. Collaborating with CROs holds paramount importance in the clinical research sector, facilitating specialized services and support across various stages of clinical trials and research endeavors. For instance, Cereno Scientific AB, a biopharmaceutical firm based in Sweden, recently entered into a partnership with Clinical Trial Consultants (CTC), a full-service CRO in Sweden. This collaboration aims to conduct a Phase I study for CS014, a histone deacetylase inhibitor targeting arterial and venous thrombosis prevention. CTC will play a pivotal role in Phase I trial preparations, including protocol development and clinical trial application processes in Sweden. Scheduled to commence in the first half of 2024, this Phase I trial marks a significant advancement in cardiovascular research efforts.
In February 2023, AstraZeneca, a pharmaceutical company headquartered in the United States, completed the acquisition of CinCor Pharma for $1.8 billion. This strategic acquisition bolsters AstraZeneca's cardiorenal pipeline by incorporating baxdrostat (CIN-107), an aldosterone synthase inhibitor (ASI) designed for blood pressure reduction in individuals with treatment-resistant hypertension. CinCor Pharma, a clinical-stage biopharmaceutical company based in the US, specializes in cardiovascular clinical trials and contributes valuable assets to AstraZeneca's portfolio.
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
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.
The countries covered in the cardiovascular clinical trials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cardiovascular clinical trials market includes revenues earned by entities by providing services, such as protocol development, regulatory affairs, and patient recruitment and retention. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cardiovascular Clinical Trials Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cardiovascular clinical trials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cardiovascular clinical trials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cardiovascular clinical trials market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.