What is Cardiovascular Information Systems Market?
Cardiovascular Information Systems are used to provide information regarding the circulatory system that comprises the heart and blood vessels. These systems provide cardiologists in decision making by providing accurate information hence, enabled in maintaining high levels of patient care within fewer treatment costs. As per the sources, in 2018, the United States had around 92.1 million adults suffering from some form of cardiovascular or the after-effects of stroke. Moreover, cardiac diseases such as coronary heart disease, hypertension, and stroke are the top reasons for deaths in the United States. The growing adoption of technologies in healthcare to have structured reporting is boosting the global cardiovascular information systems market size.
The market study is being classified by Type (Cardiovascular Information System (CVIS) and Cardiology Picture Archiving and Communication System (CPACS)), by Application (Catheterization, Echocardiography, Electrophysiology, Nuclear Cardiology and Other) and major geographies with country level break-up. According to AMA, the Global Cardiovascular Information Systems market is expected to see growth rate of 8.31%
GE Healthcare (United States), Philips Healthcare (Netherlands), McKesson Corporation (United States), Digisonics (United States), Cerner Corporation (United States), Siemens Healthcare (Germany), Agfa Healthcare (Belgium), Merge Healthcare (United States), Lumedx (United States) and Fujifilm Medical Systems (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are CREALIFE Medical Technology (China), Esaote SpA (Itlay), Infinitt Healthcare Co Ltd (South Korea) and Central Data Networks PTY Ltd. (Australia).
Global cardiovascular information systems market is highly competitive due to the presence of several providers that focus developing new technologies and offering customization to the customers. Also, the providers are highly investing in research and development to develop advance systems. During the coming years, a number of companies will also follow partnership, merger, acquisition and other strategies to sustain in this competitive market
Analyst at AMA have segmented the market study of Global Cardiovascular Information Systems market by Type, Application and Region. On the basis of Type, Cardiovascular Information System (CVIS) are dominating the market in the year 2019 where as Cardiology Picture Archiving and Communication System (CPACS) stood as second largest market share.
On the basis of application, Catheterization segment is dominating the market in the year 2019 where as Echocardiography segment stood as second largest market.
On the basis of geography, the market of Cardiovascular Information Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand on Operational Excellence and Reducing the Rate of Medication Errors
- Rising Cardiovascular Diseases
- Adoption of Cloud-based Systems in Emerging Countries
- High Cost Of Cardiovascular Information Systems
- Higher Adoption Of Technology to Reduce Healthcare Costs
- Government Support For New Data Centers in Healthcare Sector
- Hybrid Cath Labs And Zero Footprint Systems
- Hesitancy Of Healthcare Providers To Implement Cardiovascular Information Systems
In February 2019, Philips Healthcare introduced a next-generation cardiovascular image and information management system named IntelliSpace Cardiovascular 4.1. This systems offers holistic view enabling better-informed decision-making for improving health outcomes with lowers cost.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Cardiovascular Information Systems Providers, Healthcare IT Solutions Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
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