Cardiovascular Information System Market

Market Overview:

The global cardiovascular information system (CVIS) market size reached US$ 1,033.3 Million in 2022. Looking forward, IMARC Group 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. 

Key Market Segmentation:

IMARC Group 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.

Report Coverage: