The global cardiovascular information system (CVIS) market size reached US$ 1,033.3 Million in 2022. Looking forward, the analyst expects the market to reach US$ 1,715.9 Million by 2028, exhibiting a growth rate (CAGR) of 9.07% during 2023-2028.
The CVIS refers to a digitized software solution that collects clinical information in the form of electronic medical records (EMR). It incorporates echocardiography, hemodynamics monitoring, vascular ultrasound, electrophysiology, and cardiac and peripheral catheterization. It can store images, informatics, waveforms and patient reports across multiple locations in real-time and can also collect large amounts of data, which are further analyzed for accurate diagnosis of a cardiac ailment. This aids in improving patient safety, streamlining workflows, reducing errors by eliminating duplicate entries, thus enabling physicians to make accurate therapeutic decisions.
The growing medical industry, along with the prevalence of various cardiovascular ailments, is one of the key factors driving the growth of the market. With the growing geriatric population and sedentary lifestyle habits, there is a significant rise in the number of patients suffering from cardiac failures, ischemic heart disease (IHD) and arrhythmia across the globe. Furthermore, the emerging trend of digitization and advancements in the healthcare information technology (IT) sector, are also providing a boost to the market growth. Healthcare institutions are using the system for accessing medical data and images remotely, which consequently enhances the efficiency and interoperability of diagnostic centers. Additionally, the steadily increasing adoption rate of zero-footprint systems is acting as another growth-inducing factor. The CVIS eliminates the need for additional hard drives to store the software as it can transfer data through the web and provides the flexibility of delivery, along with the efficient review of compressed data sets. Other factors, including the rising demand for data-driven technologies, technological advancements and extensive research and development (R&D) activities, are projected to drive the market further.
2. What is the expected growth rate of the global cardiovascular information system market during 2023-2028?
3. What are the key factors driving the global cardiovascular information system market?
4. What has been the impact of COVID-19 on the global cardiovascular information system market?
5. What is the breakup of the global cardiovascular information system market based on the type?
6. What is the breakup of the global cardiovascular information system market based on the component?
7. What is the breakup of the global cardiovascular information system market based on the mode of operation?
8. What is the breakup of the global cardiovascular information system market based on the end-user?
9. What is the breakup of the global cardiovascular information system market based on the application?
10. What are the key regions in the global cardiovascular information system market?
11. Who are the key players/companies in the global cardiovascular information system market?
The CVIS refers to a digitized software solution that collects clinical information in the form of electronic medical records (EMR). It incorporates echocardiography, hemodynamics monitoring, vascular ultrasound, electrophysiology, and cardiac and peripheral catheterization. It can store images, informatics, waveforms and patient reports across multiple locations in real-time and can also collect large amounts of data, which are further analyzed for accurate diagnosis of a cardiac ailment. This aids in improving patient safety, streamlining workflows, reducing errors by eliminating duplicate entries, thus enabling physicians to make accurate therapeutic decisions.
The growing medical industry, along with the prevalence of various cardiovascular ailments, is one of the key factors driving the growth of the market. With the growing geriatric population and sedentary lifestyle habits, there is a significant rise in the number of patients suffering from cardiac failures, ischemic heart disease (IHD) and arrhythmia across the globe. Furthermore, the emerging trend of digitization and advancements in the healthcare information technology (IT) sector, are also providing a boost to the market growth. Healthcare institutions are using the system for accessing medical data and images remotely, which consequently enhances the efficiency and interoperability of diagnostic centers. Additionally, the steadily increasing adoption rate of zero-footprint systems is acting as another growth-inducing factor. The CVIS eliminates the need for additional hard drives to store the software as it can transfer data through the web and provides the flexibility of delivery, along with the efficient review of compressed data sets. Other factors, including the rising demand for data-driven technologies, technological advancements and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global cardiovascular information system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component, mode of operation, end-user and application.Breakup by Type:
- CVIS (Cardiovascular Information System)
- C-PACS (Cardiology Picture Archiving and Communication System)
Breakup by Component:
- Software
- Hardware
- Services
Breakup by Mode of Operation:
- Web-based
- Onsite
- Cloud-based
Breakup by End-User:
- Hospitals and Clinics
- Cardiac Cath Labs
- Diagnostic Centers
- Others
Breakup by Application:
- Catheterization
- Echocardiography
- Electrocardiogram
- Electrophysiology
- Nuclear Cardiology
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being Agfa Healthcare India Private Limited, Cerner Corporation, Digisonics Inc., Fujifilm Medical Systems, GE Healthcare, LUMEDX Corporation, McKesson Corporation, Merge Healthcare, Inc., Koninklijke Philips N.V. and Siemens Healthineers AG.Key Questions Answered in This Report
1. What was the size of the global cardiovascular information system market in 2022?2. What is the expected growth rate of the global cardiovascular information system market during 2023-2028?
3. What are the key factors driving the global cardiovascular information system market?
4. What has been the impact of COVID-19 on the global cardiovascular information system market?
5. What is the breakup of the global cardiovascular information system market based on the type?
6. What is the breakup of the global cardiovascular information system market based on the component?
7. What is the breakup of the global cardiovascular information system market based on the mode of operation?
8. What is the breakup of the global cardiovascular information system market based on the end-user?
9. What is the breakup of the global cardiovascular information system market based on the application?
10. What are the key regions in the global cardiovascular information system market?
11. Who are the key players/companies in the global cardiovascular information system market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Cardiovascular Information System Market
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by Mode of Operation
9 Market Breakup by End-User
10 Market Breakup by Application
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Agfa Healthcare India Private Limited
- Cerner Corporation
- Digisonics Inc.
- Fujifilm Medical Systems
- GE Healthcare
- LUMEDX Corporation
- McKesson Corporation
- Merge Healthcare Inc.
- Koninklijke Philips N.V.
- Siemens Healthineers AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1033.3 Million |
| Forecasted Market Value ( USD | $ 1715.9 Million |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
