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The global cardiovascular information system (CVIS) market size reached US$ 961.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,575.3 Million by 2027, exhibiting a growth rate (CAGR) of 8.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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 2022-2027. Our report has categorized the market based on type, component, mode of operation, end-user and application
Breakup by Type:
Breakup by Component:
Breakup by Mode of Operation:
Breakup by End-User:
Breakup by Application:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Component, Mode of Operation, End-User, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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|
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The global cardiovascular information system market was valued at US$ 961.5 Million in 2021.
We expect the global cardiovascular information system market to exhibit a CAGR of 8.8% during 2022-2027.
The growing advancements in the healthcare IT sector, along with the rising application of cardiovascular information systems for accurate diagnosis of cardiac ailments, are primarily driving the global cardiovascular information system market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of cardiovascular information systems to remotely enhance the efficiency of the diagnosis process and improve the patient safety during the lockdown scenario.
Based on the type, the global cardiovascular information system market can be segmented into Cardiovascular Information System (CVIS) and Cardiology Picture Archiving and Communication System (C-PACS). Currently, Cardiovascular Information System (CVIS) holds the majority of the total market share.
Based on the component, the global cardiovascular information system market has been divided into software, hardware, and services, where software exhibits a clear dominance in the market.
Based on the mode of operation, the global cardiovascular information system market can be categorized into web-based, onsite, and cloud-based. Among these, web-based operations currently account for the majority of the global market share.
Based on the end-user, the global cardiovascular information system market has been segregated into hospitals and clinics, cardiac cath labs, diagnostic centers, and others. Currently, hospitals and clinics hold the largest market share.
Based on the application, the global cardiovascular information system market can be bifurcated into catheterization, echocardiography, electrocardiogram, nuclear cardiology, and others. Among these, catheterization exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global cardiovascular information system market include 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.
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