The global cardiovascular information system market is estimated to value over US$ 1 billion by the end of 2026 and record at a CAGR of over 7.8% during the forecast period of 2019-2026.
Cardiovascular information system (CVIS) is a system where the digitized collection of research happens, in software, architecture and clinical information. It provides guidance in decisions, aids scientific improvements, facilitates information exchange in the field of cardiovascular research. The demand for cardiovascular information systems has risen due to the dynamics in the technology of these systems. For the past few years, the rise in the number of chronic cardiovascular diseases in developing countries has brought about great concern. The prevalence of such diseases of CVD, the healthcare institutions generate a lot of data, which is tedious to manually manage, so the use of cardiovascular information systems will efficiently manage patient data, as well as aid healthcare professionals, diagnose patients better. These features will help the cardiovascular information systems market to reach a high CAGR in the near future. Factors such as petitions to reduce healthcare costs and the number of deaths due to cardiovascular diseases will help to drive the market.
The cardiovascular information system is relatively new and is relatively unexplored and prove to be very beneficial to the healthcare industry if adopted throughout the industry. However the efficiency of the systems in dealing with data and the accuracy has not been verified, thus there is a reluctance to adopt this technology.
Global Cardiovascular Information System Market: Restraints
High Cost and Technical Complexities
Stringent Regulatory Compliance
Need for Skilled Professionals
Reluctance To Shift To Advanced Technology
Global Cardiovascular Information System Market: Segmentation
By Deployment
+ On-Premise
+ Remote
+ Cloud-Based
The cloud-based segment is the most growing share at a highest 9.4% CAGR in 2015 and is further anticipated to show the fastest growth rate during the forecast period.
By End User
+ Hospitals
+ Diagnostic Laboratories
+ Outpatient Centres
+ Clinics
The hospital's segment accounted for the largest share of the market in 2015. CVIS solutions will be accepted due to the high purchasing power of multi-corporation hospitals, driving market growth.
By Region
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
Growth in the North American segment has been observed to be higher than in other regions. Europe, Asia Pacific constitute the key regional segments in the global cardiovascular information system market. Europe in recent years has emerged as a market for the cardiovascular information system, trailed by the Asia Pacific, an emerging market. In addition, the cardiovascular information system market will also witness high lucrative trade in India, China, Malaysia, and Japan.
Competitive Landscape:
+ Tier 1 players- Established companies in the market with a major market share
+ Tier 2 players -Emerging players which are growing rapidly
+ New Entrants
Major market players in the global cardiovascular information system market are Philips Healthcare (Netherlands), McKesson Corporation (U.S.), GE Healthcare (U.K.), Siemens Healthcare (Germany), Merge Healthcare (U.S.), Lumedx (U.S.), Agfa Healthcare (Belgium), Fujifilm Medical Systems (Japan), Digisonics (U.S.), and Cerner Corporation (U.S.).
FutureWise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data-points affecting market growth
Objectives of the Study:
+ To provide with an exhaustive analysis on global cardiovascular information system market by deployment type, end-user and region
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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