Cardiovascular Information System (CVIS) Market Trends, Global Scope, CAGR Status, SWOT Analysis and Forecast to 2023


Posted March 13, 2020 by gadewarshri

Cardiovascular Information System (CVIS) Market Trends is poised to reach the valuation of USD 1,343.26 million by 2025
 
Market Overview:
High prevalence of cardiovascular diseases (CVDs) and disorders is the primary driver of the market. As per the 2015 report by the World Health Organization (WHO), nearly 17.7 million died as a result of CVDs. This has triggered the need for advanced systems in hospitals to reduce the mortality rate. In addition, government initiatives to digitize patient data is likely to bode well for the cardiovascular information system (CVIS) market. Implementation of the electronic health records (EHR) system can make it easy for doctors and physicians to lead to faster diagnosis of diseases.

The global Cardiovascular Information System (CVIS) Market Trends is poised to reach the valuation of USD 1,343.26 million by 2025, as per the latest report by Market Research Future (MRFR). The market can grow immensely at 8.30% CAGR over the forecast period (2018-2025).

The rapid developments in the healthcare IT industry is anticipated to reflect on the expansion of the cardiovascular information system market in the foreseeable future. Furthermore, the advantage offered by these systems in coordinating interdepartmental operations is poised to fuel demand for CVIS systems in the nearby future. This, in turn, is forecasted to augment the market over the forecast period. On the contrary, the high cost associated with the system remains an impediment to the growth of the market.

Competitive Analysis:
• Carestream Health
• Scimage, Inc
• Koninklijke Philips N.V
• Cerner Corporation
• Epic Systems Corporation
• Digisonics Inc.
• Fujifilm Holdings Corporation
• LUMEDX
• Agfa-Gevaert N.V.
• IBM Health
• General Electric Company
• McKesson Corporation
• Siemens Healthineers

Segmentation Analysis:
• The cardiovascular information system (CVIS) market is segmented by component, deployment, application, and end-user.
• By component, software held close to 67.9% share of the CVIS market in 2017, followed by services the second largest market and hardware the least market share.
• By deployment, web/cloud-based held the largest market share in 2017, while the on-premise segment held second largest share.
• Among applications, cardiac and peripheral catheterization held 32.4% share in 2017, followed by echocardiography, hemodynamics monitoring, electrophysiology, vascular ultrasound, nuclear cardiology, ECG/stress/Holter management, and others.
• Hospitals & clinics was the biggest market end-user in 2017 with a respectable 48.2% share, followed by diagnostic laboratories, cardiac cath labs, and others.

Regional Analysis:
The geographical analysis of the cardiovascular information system (CVIS) market encompasses fore regions - Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas, placed at the dominant position, held 37.6% market share in 2017. It is prognosticated to maintain its dominance through the review period and value at USD 481.04 Mn towards the end of 2025. Healthcare services providers leverage mHealth and big data for early detection of CVDs in the region which is expected to provide impetus to market growth. On the other hand, Europe is likely to exhibit a steady CAGR between 2018 and 2025.
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Categories Biotech , Business , Health
Tags cardiovascular information system cvis market , cardiovascular information system cvis market share , cardiovascular information system cvis market size
Last Updated March 13, 2020