Cardiovascular Information System Market by 2021 Trends Progresses for Huge Profits at US$ 431.3 Mn by Global Demand to 2027 | Coherent Market Insights
Cardiovascular Information System Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Cardiovascular Information System Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
Cardiovascular information system is a system that allows easy report generation and distribution. The cardiovascular information system (CVIS) offers on-time access to cardiovascular electronic medical records (EMR) in the form of images, reports, and waveforms. Various components of cardiovascular information systems include software, hardware, and services offered. Various applications of cardiovascular information systems include catheterization laboratory CVIS solutions, echocardiography laboratory CVIS solutions, electrocardiography (ECG) data management CVIS solutions, and vascular laboratory CVIS solutions among others. The major advantage of cardiovascular information system include improved patient’s safety and care by providing access to individual’s cardiovascular medical records to the healthcare experts. Implementation of cardiovascular information system in hospitals eliminates duplicate entries and reduce errors. The global cardiovascular information system market was valued at US$ 240.5 Mn in 2019 and is expected to reach US$ 431.3 Mn by 2027 at a CAGR of 7.6% during the forecast period.
Increasing incidences of cardiovascular diseases and adoption of technologically advanced products are expected to drive growth of the cardiovascular information system market
Increasing incidences of cardiovascular diseases globally is expected to fuel demand for cardiovascular information system that can aid physicians in managing patient’s cardiovascular medical records. For instance, according to the Centers for Disease Control and Prevention (CDC) foundation, 2015, around 800,000 people in the U.S. are reported to die due to stroke and other cardiovascular diseases. This in turn increased the need for imaging systems and the need for centralized data sharing units. Other major factors contributing towards growth of cardiovascular information system market include increasing need to streamline the workflow and strengthen referral relationships, thereby focusing more on patient care.
Furthermore, access to all cardiac images at once aids physicians to make better treatment decisions at timely intervals. Various hospital facilities are also focusing on adopting this technology to improve cardiac care. For instance, in October, 2014, Chinese Hospital in San Francisco adopted LUMEDX’s cloud-based HealthView CVIS to store information and cardiac images from its cardiopulmonary services department, which helped practitioners in delivering cost-efficient and top-quality care. However, high cost and technical complexities often associated with these systems are expected to hamper growth of the global cardiovascular information system market over the forecast period.
Increasing collaboration among market players is also expected to propel growth of the cardiovascular information system market over the forecast period. For instance, in June 2016, McKesson Corporation, a leading global healthcare services and information technology company, and Change Healthcare Holdings, Inc., one of the leading provider of software and analytics, network solutions, and technology-enabled services, collaborated to launch a new healthcare information technology company. This new organization brings together the complementary strengths of its IT division to deliver a broad portfolio of solutions. Furthermore, in April 2017, Siemens Healthineers entered into partnership with Ebit to offer Ebit’s Suitestensa cardiovascular information system (CVIS) with Siemens’ cardiology systems throughout Germany.
Cardiovascular Information System Market Regional Outlook
On the basis of region, the global cardiovascular information system market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to hold a dominant position in this market, owing to the increasing prevalence of cardiovascular diseases and adoption of technologically advanced products in the region. Moreover, factors such as improved healthcare facilities and better reimbursement scenario are expected to drive growth of cardiovascular information system market in this region. Asia Pacific is expected to witness significant growth in the market due to rising demand of cardiologists to produce a report from the cardiology picture archiving and communication systems (CPACS) while viewing the cardiac images and appropriate integration of reports, images, and measurements into a patient’s complete record. Moreover, increasing need to create an enterprise information management solution and need to reduce healthcare costs are expected to propel growth of cardiovascular information system market over the forecast period. The number of new vendors involving in healthcare information system are also expected to increase over the forecast period, as there are many niche market players who are trying to leverage the market share.
Moreover, emerging economies of Asia pacific and Latin America has huge potential for market growth, and are expected to be the fastest growing region over the forecast period.
Major Key Players Include In Cardiovascular Information System Market: McKesson Corporation, GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, IBM (Merge Healthcare), Fujifilm Holdings Corporation, Lumedx, Digisonics Inc., and Agfa Healthcare.
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• Current and future of Cardiovascular Information System Market outlook in the developed and emerging markets
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Main points in Cardiovascular Information System Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Cardiovascular Information System Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Cardiovascular Information System Industry Impact
Chapter 2 Global Cardiovascular Information System Competition by Types, Applications, and Top Regions and Countries
2.1 Global Cardiovascular Information System (Volume and Value) by Type
2.3 Global Cardiovascular Information System (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Cardiovascular Information System Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Cardiovascular Information System Market Analysis
Chapter 6 East Asia Cardiovascular Information System Market Analysis
Chapter 7 Europe Cardiovascular Information System Market Analysis
Chapter 8 South Asia Cardiovascular Information System Market Analysis
Chapter 9 Southeast Asia Cardiovascular Information System Market Analysis
Chapter 10 Middle East Cardiovascular Information System Market Analysis
Chapter 11 Africa Cardiovascular Information System Market Analysis
Chapter 12 Oceania Cardiovascular Information System Market Analysis
Chapter 13 South America Cardiovascular Information System Market Analysis
Chapter 14 Company Profiles and Key Figures in Cardiovascular Information System Business
Chapter 15 Global Cardiovascular Information System Market Forecast (2021-2027)
Chapter 16 Conclusions
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